Homeless as a teen, Jimmie Williams said getting caught up in the gang life led him into a revolving door of prison stints.

All the while, there was his high school sweetheart, now his wife, who finally was fed up.

“That last time I was in jail, I asked God that if he just gave me one more chance, I’d never look back. I stuck to that but was having the hardest time trying to find employment,” said Williams, today CEO of Urban Roots, Inc., the landscaping firm he and his wife founded.

“I must have filled out 1,000 applications. No one would hire me. We purchased a pick-up truck and decided to start our own business,” said Williams. That was 11 years ago.

Entrepreneurs like Williams, whose firm has seven employees — two of them also ex-offenders — are targets of the Entrepreneurs of Color Fund launched last year by JPMorgan Chase and Fifth Third Bank.

With success stories like his among the 130 loans totaling $1.7 million made in the past year, three new banks and three foundations are joining its community-building mission, officials are set to announce Wednesday. New partners have anted up $3.6 million more, for a total of $9.1 million now available to such businesses in those struggling areas of the city.

The initiative comes as a renewed civic spotlight is turned to those neglected areas in the focus of philanthropic institutions like the Chicago Community Trust and campaign promises of Chicago’s new mayor, Lori Lightfoot.

The JPMorgan Chase model was launched in 2015 in Detroit, partnering with W.K. Kellogg Foundation and the Detroit Development Fund. Detroit’s fund has since tripled to $22 million, its success leading to expansion in San Francisco, South Bronx in New York City, the Greater Washington, D.C., region and Chicago, last July.

Seeded by $4 million from Chase and $2.5 million from Fifth Third last year, First Midwest, U.S. Bank and Providence Bank, along with Coleman and McCormick Foundations and Chicago Community Trust foundations, are kicking in the new money, buoyed by the impact to businesses like Urban Roots. In the first year, 400 jobs were created or saved.

“In essence, what we’re trying to do is help entrepreneurs of color get the capital, the services and support they need,” said Charlie Corrigan, head of Midwest philanthropy for JPMorgan Chase. The bank in 2017 committed $40 million over three years to create economic opportunity in disadvantaged neighborhoods here wracked by gun violence.

“We know when local businesses grow, it helps us in three ways: It creates jobs, it creates wealth, particularly among African American and Latino families, and it brings more commerce and activity back into neighborhoods where there are too many vacant storefronts.”

One focus of the bank’s commitment is employment for ex-offenders — a burgeoning challenge. Many entrepreneurs are creating jobs for that population.

The loans have been evenly split by gender — 53 percent went to businesses owned by minority women — and are accompanied by critical access to business mentorship, overseen by nonprofit partners Accion Chicago and Local Initiatives Support Corporation (LISC).

“One of the most important aspects of rebuilding these communities is getting residents from those communities to open businesses in those vacant storefronts,” said Steve Hall, senior director at LISC. “It’s important for safety. It’s important for quality of life. And it really impacts the youth of those neighborhoods when they see businesses being opened up by people from their neighborhood in storefronts vacant for years.”

Minority- and women-owned small businesses today employ more than 1 million in Chicago. Research shows only a 9 percent increase in small business jobs, or less than one job per existing small business, could eliminate unemployment in its low-income neighborhoods.

But the financial resilience of such businesses varies across Chicago, the JPMorgan Chase Institute found. Those in Englewood, for example, operate with less than a week of cash reserves, while those in Buena Park, operate with 17 days reserves.

“We have placed as highest priority a focus on closing the racial wealth gap, and this perfectly aligns. Entrepreneurs of color are a big focus for us, because they are the ones that end up hiring in their own neighborhoods,” said Helene Gayle, CEO of the Chicago Community Trust.

Williams and his wife, Tiffany, of Bronzeville, used their $440,000 loan to purchase a new headquarters at 92nd Street & Vincennes Avenue. “Right now we have an office space in Bronzeville, a storage space in Englewood and a UPS box in Hyde Park. We have always wanted to consolidate,” he said. “Our goal is to create a training program and hire more ex-offenders.”