#TSRPositiveImages: JPMorgan Chase wants to see black businesses in Detroit flourish! The bank is contributing $1.55 million to three new small business investments taking part in a conference for black businesses in Detroit, Black Enterprise reports.

The investments were announced during Detroit Startup Week, which is a big networking event for entrepreneurs.

The Motor City has about 50,000 small businesses owned by entrepreneurs of color. The banking giant is pumping money into Detroit’s economy to encourage economic recovery that includes helping women, minority, and veteran entrepreneurs.

TSR STAFF: Christina C! @cdelafresh