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counts 12.3 million women-owned sources, which means promoting a nancial information to networking with outside groups like The Female
businesses in the United States, em- wide variety of programs. For in- — is vital to helping support and Quotient, which seeks to advance
ploying 9.2 million people and gen- stance, JPMorgan Chase recently grow women’s businesses,” she ex- equality in the workplace. Saper-
erating more than $1.8 trillion in rolled out You Invest, a digital plat- plains. stein and Women on the Move par-
revenues. Drilling down, the report form to encourage regular investing To introduce women of color ticipated in The FQ Lounge at the
shows businesses owned by Latina with features like free online stock to investors who may be interest- World Economic Forum in Davos,
and black women grew at a rate of trading, investment tips and no ed in financing their enterprises, Switzerland, in January, where they
172% and 164%, respectively, from minimum account balances. “The Women on the Move has hosted hosted programs on gender equal-
2007 to 2018. program isn’t just for women but small dinner parties in Dallas, ity and other issues. “The official
Such statistics, Saperstein says, it’s especially important for women Denver, Detroit, New York, San Davos delegations are 22 percent
prove “that women already are par- who may not have the confidence Francisco and Washington, D.C. women,” Saperstein says, “but the
ticipating in the business environ- to manage their financial lives but “It provides women great visibil- lounge is the biggest game in town
ment and contributing a great deal who, more and more, are acting ity with investors in their area,” for women, connecting business
to the economy, and women of col- as the CFO of their household,” Saperstein says. “Participants tell leaders, thinkers, politicians, and
or are starting businesses at a faster Saperstein says. us it gives them a great sense of academics, and bringing a focus to
rate than any other group, but even Other programs, like Chase confidence to know they have a what we’re doing.”
with growth in the participation Chats, focus on next-level financial right to have a seat at that table, Whether meeting with women
rate of women in business, we see education and networking. Chase where they can meet people who at a local Chase branch somewhere
lower levels of funding of them. We Chats are hosted by individual can encourage and help them in the United States or with glob-
need to keep highlighting the con- bank branches, bringing together reach for their dreams.” al leaders at Davos, the goals of
tributions that women are making business owners and entrepreneurs To further its efforts, Women Women on the Move remain the
and bring more money to women, to discuss a variety of topics. Larg- on the Move works with other JP- same: “Access to capital for wom-
whether that’s venture capital, loans er networking events around the Morgan Chase initiatives, such as en, improving financial health and
or business credit cards.” country have focused on leadership Advancing Black Pathways and making sure women reach senior
Women on the Move strives development, Saperstein says. “We the Entrepreneurs of Color Fund, leadership positions — these things
to meet women where they are in think a range of activities — from as well as its Global Supplier Di- take time but we’re committed,”
terms of financial acumen and re- the lending piece to providing fi- versity Program, but also teams up Saperstein says. 

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