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For over 150 years, JPMorgan Chase has served the Chicago community – and with nearly 4.5 million customers, nearly 500,000 business clients and 14,000 employees in Chicagoland, we remain committed to the city and its people. At a critical time in Chicago’s history, we recognize the need to create economic opportunity on the South and West sides and address racial disparities that have adversely impacted communities of color.
We will continue building on our recent efforts: In 2021, we committed $150 million in philanthropic capital and low-cost loans to Chicago’s South and West sides. This commitment builds on additional $600 million in home lending to increase homeownership among 3,000 Black and Latinx families across Chicago and is part of the firm’s $30 billion national commitment to advance racial equity. Now, by combining our unique set of business, data, policy and philanthropic resources, we aim to improve homeownership opportunities, accelerate wealth creation, help grow small businesses and expand financial health for Chicago’s South and West sides. This brings our philanthropic and business investment in Chicago to $800 million by 2025. We know that there is much more we can do to create equal economic opportunity in Chicago, and we are proud to be invested in Chicago for today and tomorrow.
By the Numbers
People have participated in workforce programs
People placed into employment or work experience
Small businesses received capital or technical assistance
People receiving services to improve their financial health
Affordable units developed or preserved
Numbers as of July 2020