14. TrooRa The Color Issue Summer '22

Specifically, she’s part of a team focused on understanding and supporting diverse business owners while providing them access, connections, and opportunities to help chart a clear path to growth. Also, she’s an ambassador for JP Morgan Chase’s Global Supplier Diversity Program, which promotes the impact of working with diverse- led companies. JP MORGAN CHASE’S EFFORTS TO ADVANCE RACIAL EQUITY As Hunt explains, JP Morgan Chase announced a $30 billion Racial Equity Commitment to help close the racial wealth gap among Black, Hispanic, and Latino communities. By the end of 2021, they have spent or committed more than $18 billion towards their goal. This commitment involves hiring more than 25 diverse senior business consultants who have provided one-on-one mentorship to more than 1,000 small businesses in 14 U.S. cities. They have invested more than $100 million in 16 diverse-owned or led Minority Depository Institutions (MDIs) and Community Development Financial Institutions (CDFIs) that serve more than 90 communities in 19 states and the District of Columbia. JP Morgan Chase launched Advancing Black Pathways (ABP) in 2019 to strengthen the economic foundation of the Black community. ABP focuses on four key areas: career and skill-building, business growth and entrepreneurship, financial health and wealth creation, and community development. In conjunction with ABP, the firm launched an educational program offering practical advice and resources to help business owners navigate challenges and prepare for long- term success.

LaSandra Hunt

377

Powered by