The state of Black entrepreneurship

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.

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