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JPMorgan Chase, LISC Atlanta partner to support minority-owned businesses amid pandemic

JPMorgan Chase recently pledged $350 million to  support minority-owned businesses.
JPMorgan Chase recently pledged $350 million to support minority-owned businesses.
Credit Seth Wenig / AP

Rashida Winfrey, a minority small business consultant with JPMorgan Chase and Dale Royal, the executive director of Local Initiatives Support Corporation (LISC) Atlanta, say the global health crisis has exasperated the challenges that many Black-owned businesses were facing pre-pandemic.

“Our businesses of color have been impacted the most by COVID and as they are looking to pivot, they need cash to be able to invest in their dollars,” explained Royal.

Both Royal and Winfrey were guests on Monday’s edition of “Closer Look.”

They talked with program host Rose Scott about JPMorgan Chase and LISC Atlanta’s partnership to support and grow Black, Latinx and Women-owned small businesses through a $350 million investment and by expanding the Entrepreneurs of Color Fund.

To listen to the full conversation, click the audio player above.