Four years ago, JPMorgan Chase made a $100 million, five-year investment in Detroit’s economic recovery. The collaboration and the pace of progress throughout the city have allowed us to accelerate our initial investment, and we now expect to invest $150 million in Detroit by 2019. We view our work in Detroit as proof of concept of the model for driving inclusive growth. There is still much work to be done, but we are proud of our impact to date.
Supporting residential, commercial and retail development projects, creating or preserving more than:
Square feet of commercial space
As Workforce Development Director at nonprofit The Greening of Detroit, Devon Buskin has been keeping busy. Under his leadership, The Greening’s Adult Workforce Training Program has become a certified apprentice program and the organization has launched The Detroit Conservation Corps, which will train and employ Detroit residents in green-collar jobs. Buskin also runs the Green Corps Youth Employment Program. In 2017, he added something else to his plate: Buskin was one of 22 local leaders selected to participate in The Detroit Workforce System Leadership Development Academy, an intensive 12-month program JPMorgan Chase helped develop that brings together local leaders to come up with innovative solutions to get more Detroiters into good jobs.
For young people entering the workforce and looking to get on a well-paying career path, the available opportunities are not always clear — and it’s often even less clear how to access them. For Gregory Davis, that’s where Focus: HOPE, a nonprofit supported by JPMorgan Chase that helps Detroiters build in-demand skills, came in. Davis began exploring his options by taking classes at Focus: HOPE, going on to complete a program through the organization’s Machinist Training Institute. Soon after, Davis was hired as a team leader at Detroit Manufacturing Systems, a developer of automotive interior systems — the first stop on what promises to be a long and successful career path.
With the help of the Entrepreneurs of Color Fund, Felicia Maxwell made a dream come true when she opened her Fit4Life fitness center in October 2017. Long devoted to fitness in her own life, now Maxwell is bringing her “total fitness” approach — which focuses on not only physical but also emotional, spiritual, nutritional and other aspects of health — to the community. The $60,000 loan she got from the fund, which was created by JPMorgan Chase to expand economic opportunity for minority entrepreneurs in Detroit, served as critical capital to enable her to go from operating a gym for friends in her basement to opening her own full-service center.