What it s really like to live and work at the North East coast during hectic bank holiday weekends
What it s like to live and work at the coast as people descend on the area on a bank holiday weekend
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With its stunning scenery and popular pubs, the North Tyneside coast is arguably the place to go to celebrate a bank holiday.
Find Out How Corporate Racial Equity Programs Could Help Grow Your Business At Black Enterprise’s Entrepreneurs Summit
Chase s $30 billion commitment includes investing in small businss
Months of protests against police brutality and systemic racism shook the world. As a result, corporate America has been compelled to respond to the nation’s history of racial inequities with statements, investments and diversity initiatives. To further tackle such disparities – especially the ever-widening racial wealth gap – many in corporate leadership roles have placed a specific emphasis on the advancement of Black-owned businesses.
But can this renewed commitment from corporate America really level the playing field for Black businesses?
JPMorgan Chase & Co pledged another $350 million on Thursday to help grow Black, Latinx and women-owned businesses, part of a broader effort at the bank to help close the U.S. racial wealth gap. Part of the money, $42.5 million, will go to the Entrepreneurs of Color fund, which provides funds to community development financial institutions (CDFIs) for low-interest loans to underserved small businesses. JPMorgan grew its investment into these communities last year as big corporations were forced to respond to growing anger over systemic racism in the United States after the murder of George Floyd by police in Minneapolis.
JPMorgan and Google launch program to help minority-owned banks
JPMorgan Chase and Google launched a program Tuesday to help banks owned and led by people of color increase their lending capabilities.
The new initiative is dubbed “Empowering Change.” It’s designed to help banks that are majority-owned or directed by people of color provide JPMorgan-backed money market funds to large companies. Most minority depository institutions wouldn’t have the resources to service those companies otherwise.
The program offers the same services to minority-led community development financial institutions, which offer credit to underserved markets typically overlooked by mainstream lenders.
JPMorgan says Empower Change will give minority-owned banks access to corporate clients, providing new revenue streams that can help these banks better serve their communities.