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

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New investment in Strategic Neighborhood Fund is part of JPMorgan Chase’s $150 million commitment to Detroit’s comeback DETROIT-(BUSINESS WIRE)-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 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.

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.

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 · 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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Six JPMorgan Chase-backed programs will help stabilize neighborhoods through targeted efforts that maintain affordable housing, eliminate blight, and attract new businesses. Detroit, MI (February 23, 2017) – JPMorgan Chase & Co. today announced more than $1.2 million for the ongoing revitalization.

JPMorgan Chase Commits More Than $1.2 Million to Help Revitalize Detroit’s Neighborhoods. increase economic equity, prevent displacement, and create a welcoming, safe, and attractive.