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THE WEEK ON THE WEB : FEB. 16 - 22

Feb 25, 2019 - Crain's Detroit Business
Donations and Philanthropy

JPMorgan Chase commits $15M for development in Detroit neighborhoods

Chase is committing $15 million for economic development in 10 Detroit neighborhoods targeted by the city's Strategic Neighborhood Fund.

The New York City-based bank is providing a $5 million grant for the city's $130 million Strategic Neighborhood Fund 2.0 launched in April and $10 million for low-cost loans, 70 percent of which must be used for projects within the SNF footprint.

The grant and loans, to be ad...