JPMorgan Chase & Co. (NYSE: JPM) is spearheading a new $6.65 million investment fund aimed at helping minority entrepreneurs get access to low-cost loans.
The Greater Washington Entrepreneurs of Color Fund is the fifth fund of its kind launched by JPMorgan in recent years and includes a $3.65 million contribution from JPMorgan, alongside a $2 million commitment from Washington, D.C.'s Capital Impact Partners and $1 million from the A. James & Alice B. Clark Foundation out of Bethesda.
