JPMorgan Chase: Invested in Detroit

In May of 2014 JPMorgan Chase & Co. unveiled a $100 million, five-year commitment to support and accelerate Detroit’s economic recovery and strengthen its communities. This long-term investment is the Firm’s largest commitment to a city and among the largest corporate commitments to Detroit. It builds upon the Firm’s deep roots as one of Michigan’s leading financial services providers and corporate citizens.

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Philanthropy & Cause Initiatives

JPMorgan Chase’s Investment in Detroit to Reach $150 Million
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.

Philanthropy & Cause Initiatives

JPMorgan Chase Annual Corporate Responsibility Report Highlights Model for Impact
JPMorgan Chase & Co. today released its annual Corporate Responsibility report, highlighting the firm’s model for impact, which combines business and philanthropic resources to drive inclusive economic growth. The report features JPMorgan Chase’s $100 million investment in Detroit’s economic recovery, the firm’s most comprehensive initiative to date, as a proof of concept for how the firm’s model can effectively make a meaningful impact in communities around the world.

Sustainable Finance & Socially Responsible Investment

Detroit Workforce System Leadership Development Academy Inaugural Class Announced
JPMorgan Chase & Co., in partnership with Corporation for a Skilled Workforce (CSW) and The Aspen Institute, today announced the selection of twenty-two participants for the first ever Detroit Workforce System Leadership Development Academy (Academy).

The Academy will leverage and build on the expertise of leaders across the workforce ecosystem through an intensive twelve month learning program, led by local Detroit leaders and guest faculty from across the nation, providing the group with an opportunity to collaborate on developing practical solutions to solve some of the city’s most challenging workforce issues.

Sustainable Finance & Socially Responsible Investment

Macomb Innovation Fund Awards $225,000 to Five Detroit-area Technology Startups
Five early-stage companies from Macomb, Washtenaw and Wayne counties will receive $225,000 in funding from the Innovation Fund Macomb Community College, Powered by JPMorgan Chase & Co. Since July 2015, the Macomb Innovation Fund has awarded $1.4 million to 24 companies, which have garnered $3.5 million in follow-on funding.

Sustainable Finance & Socially Responsible Investment

One Year Later, Detroit’s Entrepreneurs of Color Fund Provides $2.75 Million to Nearly 30 Minority-Owned Small Businesses

Sustainable Finance & Socially Responsible Investment

Macomb Innovation Fund Announces $375,000 in Awards to Six Detroit-area Technology Startups
Six early-stage companies from Oakland and Wayne counties will receive $375,000 in funding from the Innovation Fund Macomb Community College, Powered by JPMorgan Chase & Co.

Sustainable Finance & Socially Responsible Investment

JPMorgan Chase Commits Over $1.3 Million to Increase Skills Training and Job Growth in Detroit
JPMorgan Chase & Co. is investing over $1.3 million to increase the number of Detroiters receiving skills training for in-demand jobs and to strengthen partnerships between job seekers, local employers and training providers, the firm announced today. As part of JPMorgan Chase’s $100 million commitment to the city’s economic recovery, the new grants will support the Detroit Employment Solutions Corporation, United Way for Southeastern Michigan and Corporation for a Skilled Workforce (CSW).

Sustainable Finance & Socially Responsible Investment

JPMorgan Chase Announces $4 Million to Prepare Detroit Students for High-Demand Jobs
JPMorgan Chase & Co. today announced $4 million to expand young people’s access to economic opportunity in Detroit. Building on the firm’s $100 million commitment to Detroit’s economic recovery, this three-year grant is designed to increase dramatically the number of young people graduating from the city’s high schools with opportunities to secure well-paying, high-demand jobs. JPMorgan Chase joins the Skillman Foundation, the Ford Foundation and the Ford Motor Company Fund in this initiative to connect 10,000 Detroit high school students to career education and work experiences over the next three years.

Sustainable Finance & Socially Responsible Investment

Two Years in, JPMorgan Chase’s $100 Million Commitment Continues to Help Fuel Detroit’s Comeback
JPMorgan Chase & Co. today announced a series of new investments from the firm’s $100 million, five-year commitment to Detroit’s economic recovery. The firm is also marking the second anniversary of its Detroit investment by sponsoring the first-ever Detroit Startup Week, a week of free activities to support area entrepreneurs.

Sustainable Finance & Socially Responsible Investment

JPMorgan Chase Releases Second Report Examining Ways to Strengthen Detroit’s Workforce Systems
JPMorgan Chase & Co. and the Corporation for a Skilled Workforce (CSW) today released the second report of a two-part series that examines the state of Detroit’s workforce development system. The report identifies specific opportunities for the city’s workforce infrastructure, funding, organizations and programs to work together to help job seekers and employers.

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