ADVICE
Moving Small Business Forward by Clarence Nunn, Southeast Manager for Middle Banking and Managing Director of Franchise Finance, JP Morgan Chase The franchise and restaurant industry has more than doubled in size over the last several years and it is critically important for franchise owners to have access to industry expertise to help plan for the long term. JPMorgan Chase’s team of franchise and restaurant bankers evaluate the big picture and analyze trends, helping clients plan for growth and diversification across service models, geographic locations and cuisines. Wherever a company is in its life cycle, JPMorgan Chase is there to help. Our bankers provide access to treasury services, credit, merchant services, equipment financing, investment banking and asset management to guide and support franchise owners through every stage of their current needs and future growth.
programs that promote inclusive growth at all levels of business, our firm is creating the positive foundation for local communities and our national economy. Over the next five years, JPMorgan Chase is doubling the size of our commitment to our global Small Business Forward program. That’s $150 million to support women, minority and veteran-owned small business through a series of approaches to help build their long term success, creating local, inclusive economic growth. With small businesses growing fastest among people of color, particularly Latinas and African
SUPPORTING SMALL BUSINESS GROWTH IN OUR COMMUNITIES JPMorgan Chase is betting big on small business – they are a critical component of thriving communities and essential partners for our business. The firm is focused on growing a range of businesses, because local economies benefit when the focus is not only on high growth firms, but also sustainable businesses that support community development, local job creation and build stronger neighborhoods. By developing
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American women, it’s essential to help them get started and growing. Specifically, the opportunity to drive economic growth by investing in black families and businesses is real. Nielsen found black consumers have $1.2 trillion in buying power. According to Global Policy Solutions, if people of color owned businesses at the same rates as white entrepreneurs, it would result in 9 million more jobs and $300 billion in worker income. According to the Association for Enterprise Opportunity, if blackowned businesses could reach employment parity with all firms,
