Entrepreneurs Of Color With A “Harlem State Of Mind” Fund Expands To D.C.

February 12, 2019

JPMorgan’s initiative to invest in minority entrepreneurs has launched in Washington, D.C. with $6.7 million in available funding writes Nancy Pothering for Impactalpha.

Capital Impact Partners and the D.C.-based Clark Foundation together contributed $3 million of the total, with the JPMorgan Chase Foundation investing the rest.

The Entrepreneurs of Color Fund was launched by JPMorgan in Detroit in 2015. That city’s fund has seen periodic infusions of capital that have helped it grow to $22 million. Similar funds have also been launched in ChicagoSan Francisco, and New York.

The initiative’s expansion in D.C. is part of JPMorgan’s Advancing Black Pathways program that aims to improve access to education and job training, build career opportunities and support wealth creation for black Americans.

Advancing Black Pathways is being supported by a deep bench of advisors, including former Secretaries of State and Harlemite Colin Powell and Condoleezza Rice, Essence Ventures’ and Richelieu Dennis founder of Nubian Heritage that was based in Harlem and comedian Kevin Hart.

Go to: Advancing Black Pathways

Photo credit: Richelieu Dennis and Collin Powell on Wikipedia.



By submitting this form, you are consenting to receive marketing emails from: Harlem World Magazine, 2521 1/2 west 42nd street, Los Angeles, CA, 90008, https://www.harlemworldmagazine.com. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact
We're your source for local coverage, we count on your support. SUPPORT US!
Your support is crucial in maintaining a healthy democracy and quality journalism. With your contribution, we can continue to provide engaging news and free access to all.
accepted credit cards

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Related Articles