If you didn’t know, women of color are the fasting growing sector for female entreprenuers in the United States and it seems as if nowadays, companies are taking more notice of that sector.
Black women are out here sprinkling their magic in all parts of society, especially in business!
According to ProjectDiane, women of color own more than 1.5 million business and receive less than 1% of all venture business investment.
Well, it looks like JPMorgan wants to play a helping hand in closing that gap. JPMorgan Chase is investing $1 million into black and Hispanic women-led startup companies. This is all part of the bank’s $150 million Small Business Forward initiative, which was created to support small business owned by minorities, veterans, and underserved women.
“Women of color have not had equal access to the resources they need to be successful in business.
My hope is that our investment continues to help unlock doors for Black and Hispanic women
entrepreneurs to grow and showcase their tech startups to get ahead once and for all.”
– CEO of JPMorgan Chase, Jamie Dimon
In a press release, it was stated that half of this investment will go to two projects within DIDTechnology Inc, “a social enterprise founded in 2013 to support Black and Hispanic women in innovation-focused entrepreneurship.”
In addition, $500,000 will be invested in the launch of iNTENT Manifesto, In a press release, it was stated that half of this investment will go to two projects within DIDTechnology Inc, “a social enterprise founded in 2013 to support Black and Hispanic women in innovation-focused entrepreneurship.”
Today, JPMorgan Chase will hold a panel to discuss philanthropy around the globe and women on the move as part of JPMorgan Chase’s Women’s History Month observance.