Our Investment In Detroit

Putting $100M to work for Detroit

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1.  $50M investment in community development financial institutions

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2.  $25M to tackle blight

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3.  $12.5M to strengthen workforce readiness

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4.  $7M to grow small businesses

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5.  $5.5M to seed future economic growth

Our community development partners are already injecting capital into Detroit: in 2014, construction began on Rainer Court, a project financed by Capital Impact Partners that will preserve a historic building in Midtown and rehabilitate 36 units of housing. Invest Detroit provided a loan to Global Titanium Inc. to expand capacity, add jobs and complete a new manufacturing facility.

LEARN MORE ABOUT OUR INVESTMENT IN DETROIT

Detroit is tackling some very tough challenges, and while there’s no doubt that people around the world want us to succeed, JPMorgan Chase’s support is comprehensive. We are seeing investment to build new housing and expand businesses, more people graduating from the right kinds of training programs and rehab loan financing for people who buy homes in our neighborhoods and support to grow small businesses. And they are bringing more than just money – their people are working with our nonprofits, like Eastern Market, to help them do more. JPMorgan is now hitting the point where they are affecting the city in many positive, tangible ways. When you get to that point, you know you've got something.”

Mike Duggan, Mayor of Detroit