JPMorgan Chase launched the American Dream Initiative with an $80 billion commitment over the next decade to help small businesses navigate generational transitions. A May 2026 Chase survey found that 40% of small-business owners plan to retire within the next decade, yet only 8% are fully prepared to hand off their businesses. McKinsey projects that roughly six million small and medium-sized businesses will face ownership transitions by 2035, with up to $5 trillion in enterprise value at stake. JPMorgan aims to grow its small-business client base from 7 million to 10 million and plans to hire 1,000 additional small-business bankers while mentoring 115,000 entrepreneurs.
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