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Stories

Supporting an inclusive recovery for Chicago’s South and West sides

Chicago, IL

JPMorgan Chase has been a proud member of the Chicago community for 150 years and is one of the city’s largest employers with 14,000 people living and working in the region. Our deep roots in Chicago mean we are committed to advancing racial equity and providing economic opportunity across the city, especially the South and West sides, through business, philanthropy and data-driven policy solutions. We believe business has a responsibility to help solve challenges facing the customers and communities it serves, and that includes addressing the long-standing racial and economic inequities exacerbated by the COVID-19 pandemic.

 

Here’s what it looks like in practice:

JPMorgan Chase recently announced additional business and philanthropic commitments to Chicago’s South and West sides. These investments build on learnings and insights from previous work in the city, and are reaffirmed by conversations with local community, government and business leaders.

  • Working together to address challenges: In order to create solutions at scale, business must collaborate with other employers, civic and community leaders. JPMorgan Chase is part of the Chicago Apprentice Network, co-created by Aon and Accenture, to expand work-based learning models. The firm also worked with AT&T to launch a Corporate Coalition focused on reducing economic inequities by identifying ways companies can deploy their capital and capabilities across the city.
  • Using research and data to drive sustainable solutions: Research and data play a critical role in helping to assess challenges, identify gaps, and design interventions. Through the JPMorgan Chase Institute and PolicyCenter, the firm will continue to collaborate with local research organizations to make targeted investments where they are needed most across the city. 
  • Aligning philanthropic and business strategy: Philanthropic investments must be aligned with business strategy to achieve the maximum impact for our communities. JPMorgan Chase recently opened a community-based Chase branch in Chicago’s South Shore neighborhood offering free financial health resources like skills training, small business pop-ups, and fintech innovation to local residents. 

“By working with partners across sectors, we aim to deepen the impact of our work and expand economic opportunity for all,” said Charlie Corrigan, Regional Executive for JPMorgan Chase Global Philanthropy. “We are committed to driving change on the South and West sides through access to affordable lending and housing, expanding minority-owned small business credit and capital, and helping more people build the skills they need to be successful.”