Heard on the Street: Supporting entrepreneurs of color, building nonprofit boards, and more

Heard on the Street – here’s what we were reading last week:

JPMorgan Chase Expands Entrepreneurs of Color Fund in South Bronx and San Francisco: Building on its success in Detroit, the Entrepreneurs of Color Fund will be expanded to two new cities, with a $5 million commitment from JPMorgan Chase. ICA Fund Good Jobs has partnered with Working Solutions and Pacific Community Ventures to support the Funds efforts in San Francisco. In the South Bronx, JPMorgan will partner with Excelsior Growth Fund and Accion.

Closing the racial wealth gap with early capital and innovative finance: Living Cities’ new racial equity lens aims to help entrepreneurs of color access capital, grow revenues, and create good jobs.

Challenging Conventional Wisdom on Nonprofit Boards: Nonprofit boards provide critical support ranging from guidance and governance, to fundraising and budgeting support. But rethinking board sizes, term limits, and fundraising requirements may help unlock greater strategic insight and value from your board.

A Tale of Two Cities (and why inclusive prosperity in both really matters): In Atlanta, increases in median income over the past 20 years have been spread across the city’s racial groups. In Chicago, by comparison, black residents have been shut out of that upward mobility. But the story is complex.