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Firm announces expansion of Entrepreneurs of Color Fund into new cities

Building on the success of Detroit’s Entrepreneurs of Color Fund, JPMorgan Chase will expand the fund’s model and create two new funds to help minority entrepreneurs in San Francisco and the South Bronx. The firm is committing more than $5 million across the two cities to provide minority entrepreneurs with critical access to capital, while also recruiting additional investors to the new funds.

Read the press release.