NNPA NEWSWIRE — JPMorgan Chase announced new long-term commitments to advance racial equity. The firm will harness its expertise in business, policy and philanthropy and commit an additional $30 billion over the next five years to provide economic opportunity to underserved communities, especially the Black and Latinx communities. Structural barriers in the U.S. have created profound racial inequalities that have been exacerbated by the COVID-19 pandemic. The existing racial wealth gap puts a strain on families’ economic mobility and restricts the U.S. economy. Building on the firm’s existing
by Damon Carr You panic when there’s news of a down market. You assume that your investment portfolio is doing well when there’s news of a thriving economy. You may be one of those people that shy away from investing or you invest ultra conservatively because you’re afraid that you’ll lose all your hard-earned money. You may be one of those people who hired an investment advisor and hope that the advisor is leading you in the right direction. I’m not going to give you a hot stock tip.
Accenture has created the Black Founders Development Program to aid Black entrepreneurs, especially Black tech startups. According to a statement released by Accenture, the program is designed to "advance and grow technology businesses through greater, more direct access to venture capital, corporate mentorship, and strategic connections with Accenture’s business partners, clients, and people." They are aiming to increase Black access to wealth and fuel the next great innovators. "Black entrepreneurs continue to innovate but face bias and lack access to capital and opportunity in the venture capital community,
Commune Angels, the first Michigan-based angel community focused on regional and national deal flow and increasing diversity amongst angel investors, has launched. They look to invest in scalable consumer, enterprise, and life science companies led by founders from all backgrounds, identities, and walks of life. According to the 2017 American Angel Report, only 6% of angel investors in the U.S. were Asian, 2% Hispanic, and 1% Black. Only 22% of angel investors were women. Expanding the pool of angel investors and reach of investment dollars are critical ingredients