ASCEND2020 ATL expands program to help hundreds of local entrepreneurs of color and women business owners
JPMorgan Chase announced today a new $640,000 investment in ASCEND Atlanta, a local small business support system that will increase access to capital, training, and markets for hundreds of women business owners and entrepreneurs of color in Metro Atlanta.
This brings the bank’s total investment in this program to more than $1 million in the last two years.
“Helping lead Atlanta-area women business owners and entrepreneurs of color through the process of obtaining capital, with continued coaching and connections throughout the life of the loan is what ACE does best,” said Grace Fricks, president and CEO of Access to Capital for Entrepreneurs.
“Our mission, since 2000, has been to help underserved business owners create and grow sustainable businesses that generate jobs, and we are excited to continue this work with JPMorgan Chase and ASCEND Atlanta.”
JPMorgan Chase helped launch the program in 2017 through a $400,000 investment in the Morehouse College Entrepreneurship Center, which targeted early-stage, minority tech startups.
This new investment will expand the program to include two additional tracks of businesses – community-based micro businesses in the Southside of Atlanta, and small to midsize firms that can support the supply chain of Fortune 500/1000 companies in Georgia.