JPMorgan Chase commits another $15 million to help revitalize Detroit neighborhoods In Detroit, Michigan , Invest Detroit is a mission-driven lender, investor, and partner that supports business and real estate projects that it hopes will ignite economic growth in the city.
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February 21, 2019 (Detroit, MI) – JPMorgan Chase has committed $15 million to support Detroit’s neighborhoods to help more detroit residents benefit from the city’s continued economic recovery. As part of JPMorgan Chase’s $150 million, five-year commitment to Detroit, this new investment, which combines a $10 million, long-term, low-cost loan and $5 million in philanthropy, is expected to expand economic opportunity in these neighborhoods.
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· JPMorgan Chase has announced grants totaling $15 million to the winners of the inaugural AdvancingCities Challenge, a competition to source innovative and sustainable solutions for addressing the most persistent problems in U.S. cities.. A part of AdvancingCities, the bank’s five-year, $500 million initiative to drive inclusive growth and create greater economic opportunity in cities.
Crain’s selected 25 people metro Detroit lost over the past quarter century to represent both “giants” as well as those whose contributions were made on smaller stages. Not mentioned on this page:.
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That’s why a coalition of Detroiters wants to turn this unlikely tract into an economic hub. small-business boom. JPMorgan Chase has invested some $30 million in Detroit-based funds that fuel that.
WASHINGTON–(BUSINESS WIRE)–JPMorgan Chase & Co. today unveiled a $10 million, three-year investment to help drive inclusive economic growth in underserved Washington, D.C. neighborhoods, most.
JPMorgan Chase has committed $15 million to support Detroit’s neighborhoods to help more Detroit residents benefit from the city’s continued economic recovery.
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