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

JPMorgan Chase CEO not seeing a recession coming  · Three years ago, JPMorgan Chase pledged to invest $100 million over five years in Detroit’s revitalization. On Wednesday the bank said it would expand that commitment to $150 million.

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JPMorgan Chase has announced a $15 million commitment to help expand economic opportunity in underserved neighborhoods in Detroit. Made as part of the company’s five-year, $150 million commitment to the city, the investment in Mayor Mike Duggan’s Strategic Neighborhood Fund includes a $5 million grant and a $10 million long-term, low-cost loan.

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JPMorgan Chase Commits $5 Million to Detroit’s New $30 Million Strategic Neighborhood Fund. October 19, 2016 (Detroit, MI) – JPMorgan Chase & Co. today announced a $5 million investment toward the establishment of a $30 million Strategic Neighborhood Fund to drive inclusive economic growth in Detroit’s neighborhoods.

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.

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JPMorgan Chase has committed $15 million to support detroits neighborhoods to help more Detroit residents benefit from the citys continued economic recovery. As part of JPMorgan Chases $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.

 · JPMorgan Chase commits $5 million to Detroit neighborhoods. It will help finance multi-unit residential, business and mixed-use developments to.

 · JPMorgan Chase & Co. today announced that it will expand the firm’s commitment to Detroit’s economic recovery, expecting it to reach $150 million by 2019. The announcement comes as the firm exceeded its initial $100 million, five-year investment two years ahead of schedule.

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