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JPMorgan Chase has been doing business in Detroit for more than 85 years. With nearly two million customers and more than 160,000 business clients in the Detroit metro area, our commitment to the city’s future continues – including doing our part to help more Detroiters benefit from its economic recovery.
In 2014, we made investments to increase economic opportunity for Detroit residents. The collaboration among local nonprofit, government and business leaders have allowed us to accelerate our initial investment. We have committed to investing $200 million in Detroit’s economic comeback by the end of 2022. Beyond our capital and philanthropic investments, our employees are applying their skills and expertise to help ensure that the city’s economic turnaround creates lasting opportunity for its residents.
By the Numbers
People participated in workforce training programs
Units of affordable housing created or preserved in Detroit
Detroiters received services to improve their financial health
Jobs created or retained in Detroit
Detroit-based small businesses received capital or technical assistance
Our Commitment to Detroit
Helping Ensure Minority Developers Participate in Detroit's Economic Comeback
As Detroit reemerges as a vibrant urban center, barriers to entry remain for Black entrepreneurs trying to develop real estate. An innovative program by JPMorgan Chase is funding and training the next generation of Black developers.
Jobs and Skills
Small Business Expansion