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JPMorgan Chase

Invested in Detroit's future ... JPMorgan Chase

Burgess COMMENTARY

Peter Burgess

JPMC Logo - Invested in Detroit's Future Dear Friends, Fifty days ago, JPMorgan Chase announced a $100 million, 5-year commitment to help spur Detroit’s economic recovery. Because we understand the urgency and importance of putting this money to work as quickly as possible, we’re proud to share an update on our progress. Today, we joined Mayor Mike Duggan in announcing that JPMorgan Chase has deployed $20 million in philanthropic investments to our Detroit community partners to help the city pursue economic development, reduce blight, develop its workforce and grow small businesses. We also announced today the launch of the Home Restoration Program with Liberty Bank in Detroit, to help eligible homebuyers repair and restore properties they purchase through the Detroit Land Bank Authority’s Neighbors Wanted auction. Revitalizing Detroit’s neighborhoods is critical to the city’s recovery, and the availability of rehab loan financing and downpayment assistance will support the auction and accelerate the turnaround underway in key neighborhoods. For more detail about how our dollars are being put to work, see this morning's complete announcement. We encourage you to follow our progress in Detroit by visiting http://www.jpmorganchase.com/Detroit. Peter Scher Signature Peter Scher Head of Corporate Responsibility To unsubscribe, please reply to this email with the subject line Unsubscribe. © 2014 JPMorgan Chase & Co. 270 Park Avenue, New York, New York 10017