March 2018 (Revised March 2018)
Case
HBS Case Collection

JPMorgan Chase: Invested in Detroit (A)

By: Joseph L. Bower and Michael Norris

Format:Print
| Language:English
| Pages:26

Abstract

Beginning in 2014, JPMorgan Chase launched Invested in Detroit, a $100 million philanthropic investment in the city over five years. The bank worked with local economic development organizations, workforce development organizations, small businesses, philanthropies, and the city government to put in place a series of investments to help turn around the struggling city. In 2017, JPMorgan Chase's chairman and CEO, Jamie Dimon, is faced with the decision of whether or not to expand the program to other locations in the U.S.

Keywords

Local Economic Development; Workforce Development; Philanthropic Investment; Financial Institutions; Corporate Social Responsibility and Impact; Urban Development; Business and Community Relations; Banking Industry; United States; Michigan

Citation

Bower, Joseph L., and Michael Norris. "JPMorgan Chase: Invested in Detroit (A)." Harvard Business School Case 918-406, March 2018. (Revised March 2018.)