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JPMorgan's experimental investment in Detroit was so successful that it's decided to invest $500 million in up-and-coming cities

JPMorgan's experimental investment in Detroit was so successful that it's decided to invest $500 million in up-and-coming cities

JPMorgan Chase launched AdvancingCities, a $500-million, five-year initiative for investing in emerging cities around the world. It is an outgrowth of the multi-million dollar investments in Detroit, Chicago, and DC that began in 2014. Up to half of the allocated money will be used for low-cost loans, with the rest used for philanthropic purposes. This article is part of Business Insider’s ongoing series on . JPMorgan Chase announced Wednesday that it is now accepting applications to participate in its new $500 million , which will invest in […]

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