Black businesses are the lifeblood of communities—yet owners and entrepreneurs face many barriers to success. JPMorgan Chase aims to help dismantle those roadblocks and promote a more inclusive economy and equitable future.
These persistent challenges are in part why we made a $30 billion Racial Equity Commitment to uplift underserved business owners and communities. Commercial Banking accounts for nearly half of the commitments made, and in 2022 alone we:
- Invested more than $100 million in Minority Depository Institutions (MDIs) and diverse-led Community Development Financial Institutions (CDFIs) that serve 90-plus communities in 20 states and Washington, D.C.
- Provided an additional $190 million in financing to CDFIs
- Financed more than $12 billion to help create or preserve 95,000-plus affordable housing and rental housing units nationwide
But investment alone will not solve the problem. A holistic approach is needed to help elevate Black businesses—through leadership, networking, strategic planning, certification and more—so they can drive growth, create wealth, and make lasting impacts in their communities.
These resources, curated from across JPMorgan Chase, offer valuable insights and compelling stories that Black business owners can learn from and be inspired by.
Source: jpmorgan.com
