BROOKLYN, NY – As part of JPMorgan Chase’s $30 billion Racial Equity Commitment to drive inclusive economic growth among Black, Hispanic, and Latino communities, the firm is hiring a team of four experts in Brooklyn focused on the critical drivers of closing the racial wealth gap. These five new leaders will connect the community to tools and resources focused on financial health, housing, and small business from Brownsville to Borough Park.
Financial Health
Tayumika Zurita, a Chuchkalov, and Tabby Iftikhar, three of 150 Community Managers nationwide, focus their work in Brooklyn. A community manager is an entirely new role at Chase, created to focus on the financial health of underserved communities of color, working with residents, businesses, and the community to identify programming, resources, and collaboration opportunities that address local needs. Targeting Flatbush for Tayumika, Borough Park for Ilya, and Williamsburg for Tabby, these seasoned community and banking professionals will host programming focused on budgeting and savings, building credit, homebuyer education, and small business. The team will partner with local leaders and nonprofit organizations to host workshops and connect people to opportunities that make generational wealth and economic empowerment.
“Financial health isn’t always associated with more income necessarily. Getting the right education is important to understand how to utilize money and watch your finances grow,” said Tayumika Zurita, who works out of the Chase branch on 883 Flatbush Avenue in Flatbush. “That’s why it’s so important for myself, Ilya, and Tabby to collaborate with neighborhood leaders and organizations to break down economic barriers and support the success of our customers and our community.”
Advancing Home Ownership Opportunities
A significant component of reducing the racial wealth gap is improving stability and increasing homeownership for Black, Hispanic, and Latino communities. Daryl Newkirk, an experienced home financing professional with 19 years of experience working across New York and the last seven in Brooklyn, will serve as Brooklyn’s first Community Home Lending Advisor (CHLA), focusing on the entire borough. The firm created the CHLA role as part of the overall Racial Equity Commitment and has already hired more than 140 around the country. CHLAs will support the mortgage products that fit their needs and down payment assistance programs.
Mentoring Small Business Entrepreneurs
As the backbone of every city and town’s economy, the firm has hired a new team of senior business consultants in 13 U.S. cities, including Brooklyn, to accelerate minority small business growth. Entrepreneurs are matched with Chase senior business consultants through the free program, who provide three to six-month advisory services such as mentorship, business development coaching, and financial planning. Open to customers and noncustomers, the New York team of six consultants will help Brooklyn area businesses operate for two years and have at least $100,000 in annual revenues.
Breaking Down Systemic Barriers
Beyond this new team of community and finance leaders focusing on Brooklyn, JPMorgan Chase is investing $6 million of equity in Minority Depository Institutions and Community Development Financial Institutions around the country, including New York-based Carver Federal Savings Bank. Carver expects to utilize most of the proceeds from JPMorgan Chase’s investment to increase lending activities to Minority and Women Business Entrepreneurs and expand financial education programs in the diverse low-to-moderate income communities it serves.
“With nearly 4,000 employees, 70 branches, more than $7 million in philanthropic investments over the past year throughout the city and engaging with community leaders, Brooklyn is critical to the success of JPMorgan Chase,” said Sekou Kaalund, Head of Consumer Banking, Northeast Division, JPMorgan Chase. “We’re bringing in local leaders who know these communities inside and out and are committed to empowering everyone throughout Brooklyn to take charge of their financial futures and succeed.”
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