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JPMorgan Chase Invests $3 Million to Help Prevent Small Business Closures


JPMorgan Chase Invests $3 Million to Help Prevent Small Business Closures
Posted on
2270
JPMorgan Chase (NYSE: JPM) is set to invest USD3 Million in a program led by the University of Maryland that impedes the displacement of small and minority businesses affected by the ongoing coronavirus pandemic. The funds will permit the National Center for Smart Growth to establish a “Small Business Anti-Displacement Network.”
The network hopes to team up with business leaders such as policy makers, scholars, government agencies and community-based organizations, in order to create tools and policies that will work to stop business closures.
According to Willow Lung-Amam, the network’s future director and principal investigator, minority-owned companies are likely to shut-down as a result of development, bigger business and higher-income residents moving into their area.  ....

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