Ascend NYC News

Closing the Wealth Gap for Bronx Black and LatinX Entrepreneurs

Launch of entrepreneur cohort will accelerate capital lending, network building and market access for local small business owners.

May 11, 2021 – Business Outreach Center Network (BOC Network), a small business development organization, announced today the launch of Ascend NYC with an initial focus on the Bronx community through an investment of $1 million from JPMorgan Chase. This investment will connect a cohort of 13 diverse Bronx -based small business entrepreneurs to management education, market opportunities and capital through a network of partners including BOC Network, the Bronx Cooperative Development Initiative (BCDI) BronXchange, the City University of New York’s Bronx Community College and BOC Capital Corp.