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

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JPMorgan Chase Commits to Invest $15 Million to Expand Economic Growth in Detroit Neighbourhoods Paula Gobeil February 23, 2019 Investment banking giant jpmorgan chase said on Thursday that it would be making a $15 million investment in Detroit, for the redevelopment of commercial cloisters of the city’s neighborhoods.

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JPMorgan Chase is investing in a Detroit miracle-and CEO Jamie Dimon wants to take the strategy nationwide. The big bank’s Detroit experiment is a blueprint for rebuilding America’s cities. You.

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That’s why in 2014, JPMorgan Chase invested in Detroit’s comeback and established it as the proving ground for our model for driving inclusive growth in other cities. We made a five-year, $150 million commitment to Detroit, and we are deeply proud of the impact we have made so far.

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JPMorgan Chase has committed $15 million – part of the company’s $150 million, five-year promise to the city – to support Detroit’s neighborhoods to help more residents benefit from the city’s continued economic recovery.

During the meeting, we will provide an update on the company and how Responsible Growth delivered for stockholders in 2018. and the other proxy materials. Our Board remains committed to building. The Michigan Strategic Fund today approved a plan to sell private activity bonds to cover the public portion of the construction of a $450 million detroit red wings arena. The facility, which would replace Joe Louis Arena, is part of a wider $650 million plan to create a 45-acre district that.