Approximately 1,000 JPMorgan Chase customers and prospects attended the three-day event. I take action The company's CEO and Chairman, Jamie Dimon, and Business Banking CEO, Ben Walter, will be attending the summit in Frisco, Texas in early November. They have one goal in mind: helping small businesses thrive.
of I take action The summit brings together entrepreneurs, industry experts, policy leaders, and community partners to discuss funding options, build professional connections, and access new customer networks.
The talks were practical and inspiring, just like the hard-working small business leaders who proudly serve at JPMorgan Chase. Sessions included an in-depth look at communications and business pitches, succession planning, becoming a certified diverse supplier, and the current state of artificial intelligence. One of his highlights for me was his announcement that JPMorgan Chase plans to hire 1,000 of his bankers across the United States by the end of 2025. These jobs, some of which will be in the Dallas-Fort Worth area, are a testament to our commitment. Promote inclusive economic growth in communities across the country.
The Dallas-Fort Worth region is fertile ground for entrepreneurship, and during my role at JPMorgan Chase, I saw firsthand what the Dallas Regional Chamber is telling us. That means new business formation is on the rise. JPMorgan Chase provides products, services, coaching, workshops, training seminars and philanthropic funding to more than 240,000 small and medium-sized business customers in this sector. We also work with organizations like Impact Ventures, a nonprofit startup accelerator that provides resources and funding to underrepresented founders.
We are proud to accompany entrepreneurs every step of their small business journey, and there is no better place to do this than in the great state of Texas. Here, pro-business policies strengthen innovative entrepreneurship and enable economic collaboration, as Governor Greg Abbott emphasized in a video message played to attendees during the summit.
We also have the opportunity to help the region's diversely owned companies grow into emerging middle markets. Dallas is the fifth largest middle market in the United States, with 8,300 midmarket companies generating $381 billion in annual revenue, according to a new study from Next Street and JPMorgan Chase. But midsize, diverse-owner companies in Dallas account for less than a quarter of the market's revenue. By helping close this revenue gap, JPMorgan Chase can help businesses serving communities across the city generate an additional $46 billion in revenue.
of I take action The summit will showcase how we help business owners in the Dallas-Fort Worth area realize their dreams by investing in their communities and serving customers across more than 190 branches across the region. Masu. Together, we will continue to provide products, programs, and coaching that help local businesses advance.
Learn more about how JPMorgan Chase supports small businesses.
Learn more about how JPMorgan Chase is helping you make an impact in Dallas-Fort Worth.
