Publications
Publications
- March 2018 (Revised March 2018)
- HBS Case Collection
JPMorgan Chase: Invested in Detroit (A)
By: Joseph L. Bower and Michael Norris
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.)
