Through our core business of providing capital and credit, JPMorgan Chase supports and catalyzes economic activity around the world. We provide our clients with critical expertise: helping business and government leaders be more economically competitive and public sector and nonprofit clients to be more effective. We also help raise capital to support economic growth in low-income countries.

Taking Action

Through the Global Cities Initiative (GCI), a joint project with the Brookings Institution, we are helping metropolitan leaders understand how urbanization is shaping today’s dynamic economic landscape, and equipping them with the knowledge, data, policy ideas and networks needed to make their regions more globally competitive.

The 300 largest metropolitan areas globally contribute 48% of total global gross domestic product
5,600 U.S. jobs are created for every $1 billion in exports

2014 Highlights

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$2.1 trillion in credit and capital raised for clients, including $75 billion for public and nonprofit entities such as states, municipalities, hospitals and universities

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Added eight new cities to the Brookings-JPMorgan Chase Global Cities Exchange, which helps cities grow trade and investment, for a total of 28 U.S. cities

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Worked with more than 550 public entities in over 100 countries, providing credit, capital and specialized expertise to help them perform their vital functions more efficiently and effectively

At Work In:

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Helping London Capitalize on Its Export Potential

Although London has a robust history as an exporting city, globalization now requires it to adapt to an increasingly competitive environment. In partnership with nonprofit research group Centre for London, the Global Cities Initiative in 2014 published Trading Places: Maximising London's Exports Potential, which integrates — for the first time — data on the changing nature of London’s product and service exports, the barriers and successes reported by exporting companies, and the availability and usefulness of export support.
Find Out More

In 2014, GCI and the Centre for London published Nations and the Wealth of Cities, a road map for London and other metropolitan areas on how to work with the national government to expand their capacity to conduct trade and attract foreign direct investment.

As Mayor, I have been clear that global engagement is incredibly important to London’s prosperity. Our businesses know that there are huge opportunities that exist in Europe, Asia and the U.S. The U.S. already takes 17% of our exports — the biggest single export destination for Britain.

But we want to do more to convince our businesses that growth comes from tradable goods and services. We must bring our cities closer through commerce, and that is why we are working with UKTI and London & Partners to offer advice to small– and medium–sized exporters, promote trade missions around the world and attract foreign direct investment.

London has now joined the Global Cities Initiative and this provides a global network of opportunity. It is very exciting.”

Boris Johnson,
Mayor of London