Firm to invest in creating more economic opportunity for black Detroiters through job training, small business and home ownership.
JPMorgan Chase & Co. today announced that it will expand the firm’s investment in Detroit’s economic recovery, committing to reach $200 million by the end of 2022. The announcement comes as the firm exceeded its initial five-year, $150 million commitment.
The new data-driven investment builds on the initial progress that helped boost the city’s recovery through the creation of sustainable loan programs for small businesses like the Entrepreneurs of Color Fund and increased access to affordable housing and job training, and targets the gaps in the city’s economic recovery.
Click here to read full press release from JP Morgan Chase.