The University of Chicago is receiving an additional investment from JP Morgan Chase to expand a Polsky Center for Entrepreneurship and Innovation’s program supporting minority-owned businesses on the South and West sides of Chicago.
Announced by Jamie Dimon, chairman and CEO of JP Morgan Chase, at a July 19 event held at the Polsky Exchange, the Ascend 2020 program at UChicago and Northwestern University is receiving an additional $1 million as part of JP Morgan Chase’s overall $6.5 million expanded investment to support minority entrepreneurs in Chicago. Ascend 2020 is a nationwide program in which top universities across the country connect minority entrepreneurs to mentoring, supplier networks and community partners to improve access to the 3-Ms: management strength, market and money.