Global investment bank Credit Suisse is launching a new initiative called the Entrepreneurs Circle to support African-American entrepreneurs in the U.S.
The bank has selected 12 members to start the program, which will offer access to bank loans, members of the investment bank’s staff, and an ability to share tips and tactics for growing their business ventures among the membership.
It’s one of a number of avenues that the bank is taking to reach out to the African-American business community.
The Entrepreneurs Circle is part of Credit Suisse’s Private Banking and Wealth Management New Markets initiative, which is looking to advance financial opportunity among women, African-Americans and the LGBT community.
“Data clearly shows that African-American business owners are under-represented among all business owners and are generally underserved by large, global financial institutions,” said Pamela Thomas-Graham Credit Suisse’s head of the new division.
Phil Bronner — Chief executive and co-founder of Quad Learning, which works with community colleges to develop honors curricula for students who want to complete their bachelor’s degrees at a top-tier college or university.