The hard conversations need to start now. For meaningful diversity and inclusion efforts to succeed, it’s going to take a concerted commitment from leaders in corporate America to make progress a real priority and create actionable solutions for groups who have been shut out for too long.
JPMorgan Chase & Co. is stepping up with an unprecedented investment in closing the racial wealth gap. At OZY, we have rededicated our editorial mission to explore the path toward racial justice. So we’re teaming up to elevate creative solutions to these vital issues. Read on for more.
Brian Lamb started his job as head of diversity and inclusion at JPMorgan Chase just before this summer’s racial awakening. “I was very inspired by the fact that there was this restlessness and raw emotion that was going to hopefully tear down long-standing issues that had been really hard to address in the past,” he says on a new episode of The Carlos Watson Show. Lamb emphasizes that creating opportunity starts with “real-talk conversations with leaders.”
JPMorgan Chase is building on existing investments with a $30 billion commitment over the next five years to drive an inclusive economic recovery, support employees and break down barriers of systemic racism.
We all know that living paycheck to paycheck is a gamble, and that’s especially true for businesses. Expanding cash flow and liquidity is vital to having greater access to capital when it’s needed, says Samantha Saperstein, head of JPMorgan Chase’s Women on the Move initiative, which helps female entrepreneurs start and grow their businesses.
The founders of luxury clothing maker Pound Cake Society got their big break with a retail partnership — and then COVID-19 hit. With just 48 hours to decide the crucial next step for their small business, they found a new model that kept them running and protected hospital workers nationwide.
No one could have foreseen a crisis like the pandemic. But businesses — particularly Black-owned firms that are traditionally undercapitalized — can prepare for the next one now. The road to financial health includes revisiting our spending priorities, says Tosh Ernest, head of wealth at JPMorgan Chase’s Advancing Black Pathways program.