Advertisement

Latino Business Action Network Welcomes JPMorgan Chase as  Corporate Sponsor 

Gaby M. Rojas

JPMorgan Chase is now a corporate sponsor of the Latino Business Action Network (LBAN) to support Hispanic and Latino business owners, nationally. LBAN is a Silicon Valley-based nonprofit that partners with Stanford University to empower Latino entrepreneurship across the country. JPMorgan Chase’s sponsorship will support the three core pillars of LBAN:

  • Foundational research: explores challenges and opportunities for U.S. Latino entrepreneurship nationally, aiming to inform and influence policies.
  • Business Scaling Program at Stanford: transformative scaling program for Latino Business owners from across the U.S., empowering them to scale their companies to the next level.
  • Ecosystem Development: cultivating networks of LBAN alumni, mentors, capital providers, and partners to improve access to capital and government and corporate contracts.

“We are grateful for the leadership that JPMorgan Chase is showing to support Hispanic and Latino business owners across the country,” says Arturo Cazares, CEO of LBAN, “JPMorgan Chase is demonstrating a strong commitment to Latinos and the American economy. JPMorgan Chase is a powerful addition to our ecosystem and will help advance entrepreneurship nationally by bringing access to resources and capital to Latino and Latina business owners.”

Latinos created almost 5 million businesses in the U.S. and are creating new companies faster than other groups. Those companies are young and growing revenues faster than the average. However, Latino entrepreneurs face extra and sometimes unfair challenges with access to opportunities and resources, including capital, expertise, and networking. Addressing these challenges is vital; LBAN’s research shows that when U.S. Latino-owned businesses reach the average size of U.S. businesses, this will add trillions of dollars to the American economy. 

“Supporting Latino entrepreneurs translates into a stronger economy for all,” says Silvana Montenegro, Global Head of Advancing Hispanics & Latinos. “We are proud to join forces with the Latino Business Action Network to support the unique research and technical assistance programs that will help unlock the success and potential of Latino business owners across the country.”

Throughout this year, JPMorgan Chase will provide in-person and virtual programming to Latino entrepreneurs including workshops on how to leverage corporate supplier diversity programs and business roundtables for Latino entrepreneurs. This collaboration is part of the ongoing efforts led by JPMorgan Chase to drive inclusive economic growth and access to close the racial wealth gap for those who have been traditionally underserved, including Black and Hispanic and Latino communities. 

JPMorgan Chase’s support commenced at LBAN’s 8th annual State of Latino Entrepreneurship Summit recently held at Stanford, where JPMorgan Chase’s representatives spoke on the importance of access to capital for Latino entrepreneurs and small business owners. The discussion touched also touched on the progress and impact of the firm’s $30 billion Racial Equity Commitment. LBAN and Stanford cohosted the summit, presented their foundational Latino entrepreneurship research, and convened panel discussions on access to capital and contracts.

Advertisement

Advertisement

Advertisement

Latest Stories...

Image of padlock on blue data background
TechNotes

6 Impactful Cybersecurity Tips for Your Business

Ray Blakney — February 28, 2024

Climate and Energy Solutions logo

Climate and Energy Solutions Bid Opportunity

MBE Magazine Staff — February 27, 2024

Staff of money with 2024 superimposed on top
Money

What is Your Path to Prosperity in 2024?

Sidney T. Curry and Saundra Curry — February 23, 2024

Young Black man with cornrows sitting at desk talking on his phone with a laptop in front of him.
Money Mindset

The Annoying 5-Letter Word That Makes Most Business Owners Cringe — TAXES!

Alleson Tate — February 21, 2024

New Study Ranks Best States for Minority Entrepreneurs

Gaby M. Rojas — February 20, 2024

United Stats map with push pin in the middle.

Study Ranks Best States for Minority Entrepreneurs

MBE Magazine Staff — February 20, 2024

Diverse group of employees sitting at table laughing together.
Strategies

3 Ways for Leaders to Eliminate Employee Burnout

Ryan Renteria — February 19, 2024

Two Black men and a Black woman posing in front of a wall.
GameChangers

A “G.I.F.T” to Close the Racial Wealth Gap

Alexa Peters — February 13, 2024

Diverse group of employees smiling and laughing together
Strategies

Employee Well-Being and Engagement for a Healthy Workplace

Jennifer Morehead — February 19, 2024

Advertisement