Reflecting on our $150 Million Investment in Detroit

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Five years ago in Detroit, JPMorgan Chase set out to test a new model for how businesses can play a more significant role in improving the lives of people in the communities they serve. Our strategy was to focus on key drivers of inclusive growth where we could directly leverage our core business expertise, making data-driven investments where we could have the most impact.

Detroit’s recovery outpaced expectations, and the city’s economic progress has motivated us to do more. We’re applying the lessons learned from our investments in Detroit to cities around the world, including Chicago, the Greater Washington Region and Greater Paris, through AdvancingCities.

Today, as we expand our commitment, we are so proud to be a part of Detroit's future.

Mural at Detroit's Eastern Market
Fueling Opportunity for More Detroiters
We are pleased to share that JPMorgan Chase has exceeded its $150 million commitment to Detroit’s recovery, and will expand our investment to reach $200 million by the end of 2022. This continued commitment will expand on our initial progress and focus on increasing economic opportunity for long-term Detroiters – especially black families. Our investment in Detroit will help the system work for more people – giving more Detroiters access to the tools they need to succeed, stay and benefit from Detroit’s continued recovery.

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Building the Motor City's Nonprofit Capacity
Michigan Community Resources (MCR) is just one Detroit nonprofit that benefitted from JPMorgan Chase’s Detroit Service Corps, a team of top performing employees who are challenged to put their skills and expertise to work on behalf of the company’s nonprofit partners. Since 2014, the Detroit Service Corps has contributed more than $3.2 million in value to 28 nonprofits in the city.

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Five Years of Impact
Since 2014, JPMorgan Chase has invested over $150 million in Detroit's economic recovery. To date, the investment has helped more than 5,100 businesses get access to capital and technical assistance, created or preserved over 2,100 jobs and helped more than 13,500 Detroit residents receive job skills training.

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Success "Against All Odds"
“Detroit’s story resonates with me because – like Detroit – my success also happened against all odds.” September Hargrove, JPMorgan Chase’s Detroit Program Officer, shares how she is using her own experience as inspiration to transform the lives of Detroit residents.

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To learn more about JPMorgan Chase's work in Detroit, please visit JPMorganChase.com/Detroit.

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