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.
Supplier diversity opportunities
- How to become a certified diverse-owned business (guide)
- National Minority Supplier Development Council + JPMorgan Chase Certification Reimbursement Initiative (program)
- 6 tips to help diverse suppliers (article)
- Supplier Diversity Spotlight: World Wide Technology (video)
- Advancing Black Entrepreneurs session 6: Windows of opportunity (webinar)
"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
Access to capital
- Capital Connect (program)
- The Great Wealth Divide: Why Access to Capital and Financial Knowledge are Essentials to Building Wealth (webinar)
- Advancing Black Entrepreneurs session 2: The power of capital (webinar)
- Zach & Zoë grows a buzzing business with Chase for Business (article)
- Sustainable food, from thin air (article)
Kam and Summer Johnson, co-founders and co-owners of Zach & Zoë Sweet Bee Farm, with their children, Zoë and Zach.
Scaling for growth
- Small business owner liquid wealth at firm startup and exit (report)
- Hair and skincare entrepreneur talks honoring the authentic middle-aged woman (podcast)
- Advancing Black Entrepreneurs session 3: Navigating your cash flow (webinar)
- Advancing Black Entrepreneurs session 4: Your next-level business (webinar)
- How one IT company got the confidence to go after larger contracts (article)
Navigating current environment
- Thriving in uncertain times (article + videos)
- 2023 Business Leaders Outlook (reports + webinars)
- Advancing Black Entrepreneurs: Rising to the challenge in uncertain times (webinar)
- Advancing Black Entrepreneurs session 1: Reclaim the future (webinar)
- Financial outcomes by race during COVID-19 (report)
Travis Mack, founder, chairman and CEO of Saalex Corp.
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
Leadership and community building
- It’s official—a Wall Street for Black-owned businesses (article)
- "We measure ourselves on how few fees we charge, not how many" (article)
- Black Entrepreneurs Day presented by Chase for Business (videos)
- Advancing Black Entrepreneurs session 5: Marketing in a digital world (webinar)
- WIE Suite founder talks community building and helping other women advance (podcast)
Mandy Bowman, founder and CEO, Official Black Wall Street.
JPMorgan Chase leadership
- Why JPMorgan Chase is committed to improving racial equity in banking (podcast)
- Empowering veteran business owners for nearly 150 years (article)
- JPMorgan Chase supports racial equity through investment in Finance Justice Fund (article)
- Dariel Vasquez & JPMorgan Chase create community for young men of color (article)
- Build your future (video)
"I would not be in the position I am today if not for the opportunities that mentorship provided. The farm my family was able to start, through the support and mentorship of others, has helped to educate and put clothes on every generation of my family since the 1880s."
Alex McKindra
Managing Director, J.P. Morgan Technology Corporate Client Banking
Learn more about our commitment
Empowerment, education and guidance are key to success. Not only can Black business owners and entrepreneurs gain those insights from the resources gathered here, but also via Advancing Black Pathways. This program connects participants with more resources for career, financial and business growth.
Contact your banking relationship team to learn more about how we can help—and be sure to sign up for more Commercial Banking insights at the bottom of the page and follow us on LinkedIn.
