How JPMorganChase is Investing in Detroit Communities

November 19, 2025

JPMorgan Chase has announced that its combined business and philanthropic investments in Detroit have exceeded $2 billion since 2014, marking a major milestone in the company's commitment to the city's revitalization. The financial institution has appointed Katrina Chaves as its new Global Philanthropy Program Officer for Detroit to help guide future investments and partnerships in the community. Chaves brings extensive experience from Detroit's public sector, including previous work with the city's Housing and Revitalization Department, and most recently with Trust Neighborhoods, a national nonprofit focused on mixed-income housing.

Who is affected

Detroit residents across various neighborhoods
Affordable housing seekers in Detroit
Small business owners and entrepreneurs in Detroit
Detroit youth seeking employment through programs like Grow Detroit's Young Talent
First-generation college students
Childcare providers
Aspiring fashion designers
Skilled tradespeople
Employees at the Chase virtual call center
Community organizations and nonprofits partnering with JPMorgan Chase (LISC, Detroit Development Fund, Invest Detroit, City of Detroit)
Emerging real estate developers

What action is being taken

JPMorgan Chase is working with organizations to make affordable housing more accessible through LISC's Detroit Housing for the Future Fund and the Detroit Development Fund
The company is providing funding for technical assistance and predevelopment capital to support emerging developers
JPMorgan Chase is activating neighborhood commercial corridors through the Strategic Neighborhood Fund managed by Invest Detroit in partnership with the City
The firm is investing in Detroit's small business ecosystem
JPMorgan Chase is operating a Chase virtual call center that has created jobs
The company is supporting youth summer job opportunities through Grow Detroit's Young Talent
JPMorgan Chase is working with local organizations to help Detroiters access employment and providing hands-on training and mentorship

Why it matters

This commitment matters because it addresses systemic barriers to economic opportunity in a city that has faced significant challenges. Access to affordable housing, quality employment, skills training, and business development resources can fundamentally transform individuals' economic trajectories and provide stability for families and communities. The $2 billion investment represents a substantial private sector commitment to urban revitalization that goes beyond profit-seeking, demonstrating how corporations can partner with public and nonprofit sectors to create lasting community impact. For Detroit specifically, this sustained investment helps ensure that the city's recent economic momentum and growth benefit a broader range of residents and neighborhoods, not just select areas.

What's next

JPMorgan Chase plans to open a state-of-the-art downtown office and conference center designed to foster collaboration, innovation, and community engagement
The firm commits to continuing to listen, learn, and support Detroiters as they shape the city's next chapter
Katrina Chaves will guide the firm's future investments in the city and partner with existing organizations making a difference

Read full article from source: Michigan Chronicle