Stephanie Hart
As part of an ongoing sponsored series on Black financial health, we are exploring the racial wealth gap, its impact on our community, and what’s being done to address it. In today’s column, we focus our conversation on access to entrepreneurship. We welcome your ideas and questions to be covered in this series, and encourage you to email those questions and ideas to banking@chicagocrusader.com.
At the start of 2020, we saw 40 percent of Black-owned businesses close their doors due to the COVID pandemic, according to the Federal Reserve Bank of New York. That’s one of the reasons why JPMorgan Chase is working to increase access to capital, provide technical assistance and offer mentorship to help create and grow more Black and Brown-owned businesses.