JPMorgan Chase is expanding a fund that aims to expand access to capital to entrepreneurs of color to the region, including Baltimore.

The financial giant said Monday that its Entrepreneurs of Color Fund will expand to Greater Washington with $6.65 million. Along with $3.65 million from JPMorgan Chase, the fund also includes $2 million from Capital Impact Partners and $1 million from the A. James & Alice B. Clark Foundation.

Similar funds are already up and running in Detroit, Chicago, San Francisco and the South Bronx. It comes on the same day as the firm announced a new nationwide initiative called Advancing Black Pathways that looks to grow efforts to build wealth.

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