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Stock impact report

JPMorgan takes its fund for entrepreneurs of color to Chicago [CNN]

JP Morgan Chase & Co. (JPM) 
Last jp morgan chase & co. earnings: 4/14 06:43 am Check Earnings Report
Company Research Source: CNN
JPMorgan takes its fund for entrepreneurs of color to Chicago JPMorgan Chase has pumped millions of dollars into supporting entrepreneurs of color in Detroit, New York City and San Francisco. Now it's taking its Entrepreneurs of Color Fund to Chicago. The bank announced Thursday that it would invest $4 million to provide minority entrepreneurs in Chicago's South Side and West Side with the money and resources necessary to get their businesses off the ground. "South and West Side neighborhoods hold tremendous economic opportunity, but we can do more to ensure that everyone has a chance to participate in Chicago's continued growth," CEO Jamie Dimon said in a statement. JPMorgan will put $3 million into the Entrepreneurs of Color Fund in Chicago, while $1 million will fund mentoring programs for minority entrepreneurs at the University of Chicago and Northwestern University. Ohio-based Fifth Third Bank also plans to contribute $2.5 million to the Chicago fund, JPMorgan said. The banks Show less Read more
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