Community Impact
Helping Black businesses thrive
We’ve compiled a list of JPMorgan Chase-produced resources that Black entrepreneurs can use to build and grow their businesses.
Black entrepreneurs and businesses face persistent obstacles to economic opportunity. Closing the racial wealth gap is critical to lifting up not just Black business owners, but also Black homeowners, consumers and workers.
Many of these challenges stem from entrenched disparities that limit access to startup loans, resources to grow revenue and create more jobs, and more.
JPMorgan Chase is committed to building a more equitable future and inclusive economy. That means delivering support and solutions to Black business owners in their pursuit of success.
As part of our ongoing efforts—which includes our $30 billion, five-year Racial Equity Commitment—we’ve curated a wealth of firmwide resources below to help Black business owners scale up, manage operational complexities and make an impact in their communities.
Supplier diversity opportunities
“There’s never been such a great opportunity for diverse businesses as there is right now. [Recent events] have made Fortune 500 companies a lot more proactive around supporting diverse businesses.”
—Frederick Royall III, Managing Director and National Head of Diverse Businesses at JPMorgan Chase Commercial Banking
Dr. Lisa Dyson, founder and CEO of Air Protein
Access to capital
- Advancing Black Entrepreneurs: The power of capital (webinar)
- Sustainable food, from thin air (article)
- Talking Business with Daymond John: Tracy Nicole Clothing (video)
- Powershift Grant helps Harlem restaurateur expand her thinking — and her space (article)
Scaling for growth
Navigating current environment
- 2022 Business Leaders Outlook: Confidence breaks through (article)
- Small business owner race, liquidity and survival: Racial gaps in small business outcomes (report)
- Advancing Black Entrepreneurs: Rising to the challenge in uncertain times (webinar)
- Advancing Black Entrepreneurs: Reclaim the future (webinar)
of Black business leaders have increased or will increase wages in 2022.
DEI
“C-suite and executive leaders are important to the success of any company initiative, and DEI is no different. Decision-makers need to understand why DEI matters from a business standpoint, then drive the strategy forward through their respective spheres of influence.”
—Idris Stover, Director of Diversity, Equity, Inclusion and Culture at Shake Shack
Community building
- Black Entrepreneurs Day presented by Chase for Business (videos)
- Advancing Black Entrepreneurs: Marketing in a digital world (webinar)
- Business savvy meets big heart (article)
- A Chicago bakery gets a sweet new home (article)
JPMorgan Chase leadership
Stephanie Hart, owner of Brown Sugar Bakery
“Historically, many diverse businesses have grown organically. For us, it’s ultimately about servicing our clients to the best of our abilities to help them grow and evolve throughout the trajectory of their life cycle.”
—Thelma Ferguson, Managing Director and Northeast Segment Head for Middle Market Banking at JPMorgan Chase
Learn more about our commitment
A key way that JPMorgan Chase seeks to lead on these issues is through the Advancing Black Pathways program. This initiative is designed to empower, educate and guide Black businesses and entrepreneurs on their growth journeys.
If you’d like to learn more about how JPMorgan Chase can assist your business, reach out to your banking relationship team. You can also sign up for more Commercial Banking insights and news at the bottom of any page on the JPMorgan Chase Commercial Banking website and follow us on LinkedIn.
