FORMER JPMORGAN CHASE EXECUTIVE GAYLE JENNINGS O’BYRNE SELECTED AS NAZARIAN SOCIAL INNOVATOR IN RESIDENCE BY WHARTON SOCIAL IMPACT INITIATIVE
"We've set a big goal for ourselves to educate and energize the marketplace to drive $1 Billion to women of color entrepreneurs globally. We couldn't be more proud to start our work with thought partners and industry leaders and change makers like the faculty and students at Wharton and across the University of Pennsylvania campus,” said Gayle Jennings-O'Byrne. "Plus there's something magical to be able to come home to your alma mater, the place that shaped the person you've become and ultimately this work."
Black women are showing up and sprinkling their magic in all sectors of society, especially in business. Since 1997, the number of African American women entrepreneurs in the U.S. rose by 322%. Yet, despite the fact that black women are the fastest growing segment of entrepreneurs in the country and women of color own more than 1.5 million businesses, they receive less than 1% of all venture investment.
The failure to invest in entrepreneurs of color, especially high-growth startups led by women of color, and in communities outside our major tech hubs is hurting individual entrepreneurs, local economic growth and our country’s future.
Women Entrepreneurs of Color in Tech Get $1 Million in Support from JP Morgan Chase -- April 2, 2018
Research indicates that women of color are the fastest growing segment of entrepreneurs in the U.S., with more than 1.5 million businesses (a 322 percent increase since 1997), yet they receive less than one percent of all venture investment. They are also far less likely to have the wealth, financial safety net, or friends and family network other entrepreneurs rely on to launch and grow their businesses. JPMorgan Chase is taking the issue to task by supporting these women where it counts.
JPMorgan Chase Announces $1 Million Investment To Support Women Entrepreneurs Of Color In Tech -- March 25, 2018
JPMorgan Chase today announced a $1 million investment to help Black and Hispanic women-led startups thrive. This innovative, data-driven investment to build and grow underserved entrepreneurs is part of the firm’s $150 million Small Business Forward initiative to provide flexible financing and other support to underserved women, minority and veteran-owned small businesses and applying what the firm has learned from small business investments in other communities.
If you didn’t know, women of color are the fasting growing sector for female entreprenuers in the United States and it seems as if nowadays, companies are taking more notice of that sector. Black women are out here sprinkling their magic in all parts of society, especially in business! According to ProjectDiane, women of color own more than 1.5 million business and receive less than 1% of all venture business investment. Well, it looks like JPMorgan wants to play a helping hand in closing that gap. JPMorgan Chase is investing $1 million into black and Hispanic women-led startup companies.
JPMorgan Chase Plans To Invest $1 Million To Support Women Entrepreneurs Of Color In Tech -- March 28, 2018
There's big news in the tech space. It's no secret that women of color are the fastest growing sector of female entrepreneurs in the U.S., and companies are taking notice of the growing trend. Last week, JPMorgan Chase announced a $1 million investment to support Black and Hispanic women-led startups in the tech space, a plan that offers support in the ever-changing landscape of entrepreneurship
JPMorgan Chase announced a $1 million investment to support Black and Latina entrepreneurs’ startups. This investment is part of their Small Business Forward initiative which strives to provide “flexible financing and support to underserved women, minority, and veteran-owned small businesses.” The investment will be divided and invested into two programs: iNENT Manifesto and a small business incubator, DID.
Since 1997, the number of African American women entrepreneurs in the U.S. rose by 322%. Women of color are starting companies in a variety of fields, yet they are still receiving less than 1% venture business investment. To help close that gap, JPMorgan Chase is investing $1 million into Black and Hispanic women-led startups.