We have been doing business in Detroit for more than 80 years and believe in its future. Three years ago, JPMorgan Chase made a $100 million, five-year investment in its economic recovery. The collaboration and the pace of progress throughout the city have allowed us to accelerate our initial investment and deploy resources more quickly than expected.
We have exceeded our $100 million investment in just three years. And now we expect to invest $150 million in Detroit by 2019. We know there is much work to be done, but we’re as committed as ever to Detroit’s success.