JP Morgan Chase Investing $40M in Chicago's Underserved Neighborhoods

Friday, September 15, 2017

JP Morgan Chase Investing $40M in Chicago's Underserved Neighborhoods 

JPMorgan Chase wants to do for Chicago's South and West sides what it has begun to do for Detroit. The nation's biggest bank, and also the largest in Chicago, is committing $40 million over the next three years to help rebuild and re-energize parts of the city torn by violence and unemployment.

The program, announced today, is modeled on a larger-scale effort Chase began three years ago in Detroit. There, the bank committed $100 million to a comprehensive program to address Detroit's economic woes. Earlier this year, Chase boosted that pledge to $150 million to build so-called affordable housing, fund small businesses and train workers...

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