Five Cities Win JPMorgan Chase’s AdvancingCities Challenge
As we release our annual Corporate Responsibility Report, “Return on Community” today, we are proud to announce the five winners of the inaugural AdvancingCities Challenge, an annual competition to source innovative and sustainable solutions to address the most persistent problems facing communities. Collaboratives in each of the winning cities will receive $3 million over a period of three years. AdvancingCities is the firm’s $500 million, five-year initiative to invest in solutions that bolster the long-term vitality of the world’s cities and the communities within them that have not benefited from economic growth.
The 2019 Challenge winners are:
West Side United (Chicago) will leverage the hiring, procurement and investment power of major health systems on the West Side to improve health outcomes by creating greater economic opportunity and strengthening the vitality of surrounding neighborhoods.
Digital Inclusion and Economic Resilience (Louisville) will help equip residents with skills necessary to compete for jobs while also connecting them to financial and social services through high-touch community outreach strategies and a formalized referral network.
Resilient 305 (Miami) will help strengthen the region’s economic resilience by dismantling silos across service providers to increase access to quality jobs, and working with anchor institutions to connect small businesses to procurement opportunities.
Advancing San Diego (San Diego) will use a demand-driven, employer-led strategy to both connect underrepresented residents to high-demand jobs and provide small businesses access to diverse talent pipelines.
Syracuse Surge: Blueprint for Inclusive Growth (Syracuse) will develop long-term strategies to surface talent from vulnerable populations and connect them to jobs in high-tech industries, while also attracting, expanding, and incubating tech businesses led by diverse founders.
The announcement was made at events across the country in conjunction with the release of JPMorgan Chase’s 2018 Corporate Responsibility Report. This year’s report showcases the firm’s impact around the world and introduces 7 Traits of Advancing Cities. These traits are key insights we have gained from our work in cities, along with the perspectives of our knowledgeable partners. They highlight the conditions that must exist to meaningfully expand opportunity. The winning cities and featured programs demonstrate these important traits.
I hope you will take a moment to learn more about our corporate responsibility work around the world, and encourage you to visit our website to read the full report.
Sincerely, Peter L. Scher Head of Corporate Responsibility Chairman of the Mid-Atlantic Region JPMorgan Chase & Co.
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