JPMorgan Chase Commits $15 Million to Expand Economic Growth in Detroit’s Neighborhoods

JPMorgan Chase is committing $15 million for economic development in 10 Detroit neighborhoods targeted by the city’s Strategic Neighborhood Fund.

New investment in Strategic Neighborhood Fund is part of JPMorgan Chase’s $150 million commitment to Detroit’s comeback. 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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JPMorgan Chase Commits $15M to Expand Economic Growth in Detroit's. five- year promise to the city – to support Detroit's neighborhoods to.

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"JPMorgan Chase Commits $15 Million to Expand Economic Growth in Detroit's Neighborhoods." JPMorgan chase press release 02/21/2019.

 · DETROIT–(BUSINESS WIRE)–JPMorgan Chase & Co. today announced that it will expand the firm’s commitment to Detroit’s economic recovery, expecting it to reach $150 million.

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DETROIT (AP) – JPMorgan Chase is investing $15 million to expand economic opportunity across some Detroit neighborhoods. The bank will use a $10 million loan and $5 million in philanthropy to help attract additional capital and assist residential and commercial development projects that have had trouble getting traditional financing.

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In Detroit, a city where there are still economic challenges. is redirecting the spotlight and investment back to the neighborhoods. When we talked a year ago, his goal was to achieve $1 million in.

JPMorgan Chase & Co. press releases. news. menu. Back ; Executive Insights; Our Stories;. JPMorgan Chase Commits $15 Million to Expand Economic Growth in Detroit’s Neighborhoods. February 21, 2019. JPMorgan Chase Commits $10 Million to Boost Small Business and Retail Storefronts on Chicago’s South and West Sides.

Detroit“Detroit’s Entrepreneurs of Color Fund has made a great impact creating economic. neighborhoods in San Francisco.” In San Francisco, JPMorgan Chase has increased the number of local branches, added.