These wealth-building orgs just got $7M to boost Black and Latinx West Baltimoreans

Baltimore, Maryland, USA Inner Harbor Skyline Aerial.

Hear “wealth” and you might imagine a life of excess. But it’s also about household and community stability, and revitalization.

Over the next three years, financial firm JPMorgan Chase has committed $7 million to wealth-building organizations POWER: Prioritizing Our Women’s Economic Rise Collaborative and Parity Homes.

In total, JPMorgan Chase is committing $20 million to Baltimore City as part of a broader $75 million, five-year commitment to the Greater Washington region. Its goal is to close the racial wealth divide in the United States that leaves just 40% of Black families owning homes, as opposed to 73% of white families.

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Technically Baltimore: After a decade of incubation, AccelerateBaltimore graduates 5 more startups

April 23, 2022
The AccelerateBaltimore program’s five newest alums had more than their completion of the accelerator to celebrate during last Wednesday’s demo night. Read the full article here.

Maryland Inno: Maryland STEM entrepreneurs get a boost with tech company’s social impact funding

The need for her NasaClip product came directly from Clayborne’s day job where she was struck by the large number of people who came to the ER with nosebleeds. The...

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