JP Morgan Chase 2013 Annual Report Download - page 54
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Supporting small business
development
• Provided$19billioninnewcredit
toAmericansmallbusinesses
and,forthefourthscalyearina
row,wasthe#1U.S.SmallBusiness
Administrationlenderbyunits.
• Awarded$3millionthrough
ourMissionMainStreetSM Grants
programtosupportsmall
businessesaroundtheU.S.that
aremakingapositiveimpactin
theircommunities.
• Providedseedgrantstofour
smallbusinessclustersacrossthe
U.S.tofosterthedevelopmentof
investingnetworks,facilitatein-
novationandtechnologytransfer,
provideaccesstospecializedsup-
pliersandspeedcommercializa-
tionofnewtechnologies.
Building financial capability
• Providednearly$7millionin
grantstoleadingnonprotsto
promotethenancialcapability
ofconsumersincitiesaroundthe
world,including$1.15millionto
BankOn2.0,aprogramsponsored
bytheCitiesforFinancialEmpow-
ermentFundtocreateanational
approachintheU.S.todelivering
safe,aordablebankingproducts
andservicestolow-incomeand
underbankedpeople.
• Provided$600,000overtwoyears
toMissionAssetFundtohelp
replicateitsLendingCirclepro-
gram,inwhichindividualsina
communityborrowfromandloan
tooneanotherviazero-fee,zero-
interestcredit-buildingsocial
loansandtodevelophigh-quality
nancialeducationresourcesto
supportparticipants.
• Becametherstnancialinstitu-
tiontoadoptThePewCharitable
Trusts’newmodeldisclosurebox
forreloadableprepaidcardsfor
ChaseLiquid®.
Strengthening local economies
and communities
• Providedapproximately$1.1
billionincommunitydevelop-
mentloansand$1.6billionin
equityinvestmentstobuildor
preserve45,000unitsofaord-
ablehousingforlow-and
moderate-incomefamiliesin
morethan260U.S.cities.
• Lent$181milliontocommunity
developmentnancialinstitu-
tions(CDFI)thatleveraged
ourcapitaltosecurenancing
formoreaordablehousing,
schools,healthcareclinicsand
smallbusinesses.
• LaunchedtheCDFICollaboratives
program,athree-year,$33million
philanthropicinitiativetofoster
growth,collaborationandcapacity
buildingamongsmaller,regionally
focusedCDFIsthatcanuniquely
reachcommunitiesthatlack
accesstoaordablenancial
productsandservices.
• Providedmorethan$31million
tononprotsworkingtohelp
rst-timehomebuyers,tooer
homeownershipcounselingand
todevelopaordablehousing
intheU.S.
• Donated$275millionintheform
ofmorethan6,100freeordis-
countedhomessince2008to
communityassociations,munici-
palities,veteransgroupsand
nonprothousingproviders
acrosstheU.S.,withnearly1,600
homesdonatedordiscountedin
2013alone.
• LaunchedtheGlobalCities
Exchange,anetworkofU.S.and
internationalcitiesthatwill
developandimplementregional
strategiestoboostglobaltrade
andinvestment.Thenetworkis
partoftheGlobalCitiesInitiative,
ajointprojectwithTheBrookings
Institutionlaunchedin2012aimed
athelpingmetropolitanleaders
strengthentheirregionaleconomy.
• LaunchedNewSkillsatWork,a
$250million,ve-yearworkforce
developmentinitiative(see
previouspage).
Honoring U.S. military and
veterans
• Continuedourleadershipofthe
100,000JobsMission,acoalition
ofemployersthatcollectively
hired117,439U.S.militaryveterans
bytheendof2013,prompting
ittodoubleitshiringgoalto
200,000veteransby2020.
JPMorgan Chase has hired more
than6,300veteranssince2011.
• JoinedtheU.S.Departmentof
DefenseMilitarySpouseEmploy-
mentPartnership,committingto
recruit,hire,promoteandretain
militaryspouses.
• Launchedinternaltraining
programstohelpmilitary-
experiencedemployeesassimilate
intothermandtoeducateour
hiringmanagersabouttheskills
thatservicemembersbringtothe
table.WemadeourMilitary101
programforhiringmanagerspub-
liclyavailabletootheremployers.
• Providedgrantstotalingmore
than$1milliontoeducational
institutionsfocusedonimproving
veteranperformanceandreten-
tioninhighereducation.
Promoting sustainable investing
• Ledourindustryinaneortto
supportresponsiblenaturalgas
developmentbyengagingwith
morethan100oilandgasclients
tounderstandhowtheymanage
environmentalandcommunity
impactsfromhydraulicfracturing,
byfundingresearchandbyconven-
ingourclientstoshareinsightson
bestpractices.
• Workedwithagroupofpeerinvest-
mentbankstodeveloptheGreen
BondPrinciples,asetofvoluntary
guidelinesdesignedtopromote
integrityandtransparencyinthe
growingmarketforGreenBonds,
whichareissuedtonanceenviron-
mentallybenecialprojects.
• AnnouncedtheGlobalHealthInvest-
mentFund,a$108millioninnova-
tivesocialimpactfund(seeprevious
page)andinvestedanadditional
$9millioninbest-in-classfunds
addressingtheneedsoflow-income
populationsaroundtheworld.
Increasing transparency with
stakeholders
• CollaboratedwithCerestoengage
agroupofexternalstakeholders
inadialoguefocusedonsharing
perspectivesandprioritiesto
helpusenhanceourapproachto
environmentalsustainabilityand
corporateresponsibility.
• ConvenedregularChaseAdvisory
Panelsessionswithexpertsfrom
leadingU.S.consumerpolicygroups
togaininsightintothechallenges
facinglow-andmoderate-income
consumersandlearnhowChase
canbetterservethem.
• Strengthenedtherm’spolitical
disclosureandaccountability
policies,whichledaleadingnon-
protoversightorganizationto
scoreJPMorganChaseinthe
top10companiesontheCenter
forPoliticalAccountability-Zicklin
IndexofCorporatePolitical
AccountabilityandDisclosure.
2013HIGHLIGHTSANDACCOMPLISHMENTS