JPMorgan Chase announced a new $350 million, five-year global commitment to grow Black, Latinx, women-owned and other underserved small businesses, help address the racial wealth divide through the Entrepreneurs of Color Fund.
LISC Phoenix program officer David Longoria sat down for lunch at Authentic EthioAfrica with owner Anduale Hassan, who emigrated from Ethiopia in the 1990s with a vision for creating a community space—and two decades of experience in the food business to help make it a reality.
Los Angeles has the largest small business economy in the U.S., with over 250,000 small businesses. However, there’s a shortage of capital available for these small businesses, and entrepreneurs of color are disproportionately affected. Earlier this month, the Entrepreneurs of Color Fund (EOCF) program was launched in Los Angeles to address this shortage. With $2.65 …