JPMorgan Chase Launches Annual AdvancingCities Challenge

Wednesday, June 2, 2021

JPMorgan Chase Launches Annual AdvancingCities Challenge

The AdvancingCities Challenge is an annual competition that sources innovation to drive systemic change in U.S. cities, helping support economic opportunity for more people by leveraging meaningful collaboration among private, public, and nonprofit leaders.

This year, JPMorgan Chase is evolving its AdvancingCities Challenge to source bold solutions that catalyze recovery and long-term prosperity for Black and Latina women, their families, and local economies. Black and Latina women are the backbone of many of America’s cities – as consumers, homeowners, entrepreneurs, business owners, and essential workers in critical sectors affected by the COVID-19 pandemic. However, longstanding racial and gender wealth gaps, coupled with impacts from COVID-19 have exacerbated disparities for Black and Latina women.

Through the Challenge, we are inviting communities to apply for up to $5 million to support innovative, sustainable solutions that drive wealth creation and economic success of Black and Latina women, which is foundational to building more equitable communities. The proposals should address multidimensional, systemic challenges, leverage cross-sector leadership and collaboration, center the voice and lived experience of Black or Latina women, and drive systems change at the local level.  

Challenge closes June 28, 2021. 

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