June 3, 2021

The state of Black entrepreneurship

UBAA Global

The road to financial health includes revisiting our spending priorities, saving money into emergency funds, and even mapping out expenses in a budget.

Tosh Ernest

Sponsored Content from JP Morgan Chase

A conversation with Tosh Ernest, head of Wealth, Advancing Black Pathways at JPMorgan Chase & Co.

Q: Last year, between February and April alone, the U.S. lost 440,000 Black-owned businesses. What made these firms so vulnerable?

A: The unfortunate reality is that far too many Black-owned businesses entered this crisis under-capitalized and under-resourced to begin with. Through our own research, we know that businesses in predominantly Black and Latinx communities have significantly lower cash liquidity than businesses in predominantly White communities.

Continue reading here.

Read More Articles Like This