JP Morgan Chase 2014 Annual Report Download - page 17

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I. AN OUTSTANDING FRANCHISE
• We supported nonprofit organizations,
including Focus: HOPE, in their eorts to
help people gain skills from job training
programs.
• We helped small businesses get access to
the advice, training and other resources
needed to grow, including a new commer-
cial kitchen at Eastern Market that will
allow more food businesses to expand.
• We provided lending for development
– both commercial development to let
businesses like Global Titanium expand
jobs and residential development and new
construction of apartment buildings in
Detroit’s urban core and neighborhoods.
• We created the Detroit Service Corps to
bring more than 50 of our top managers
to work full time with Detroit nonprofits
to help them analyze challenges, solve
problems and give them the best chance
for success.
Helping Detroit’s economy recover and
thrive would be a shining example of Amer-
ican resilience and ingenuity at work.
Military and veterans. Another eort that we
want you to know about is what JPMorgan
Chase has done to help position military
members, veterans and their families for
success in their post-service lives through
employment, housing and educational
programs. In 2011, JPMorgan Chase and 10
other companies launched the 100,000 Jobs
Mission, setting a goal of collectively hiring
100,000 veterans. The 100,000 Jobs Mission
now includes more than 190 companies that
have collectively hired more than 217,000
veterans since 2011 and has pledged to
hire a total of 300,000 veterans. JPMorgan
Chase hired over 1,800 veterans in 2014,
nearly a 40% year-over-year increase, for a
total of nearly 8,700 veterans hired since
2011. Further, we expanded our employ-
ment programs to address the unique needs
of women veterans and military spouses.
We hope that this makes you as proud of
JPMorgan Chase as it does for all of us.
granularity, diversity and interconnected-
ness of the global economic system to inform
smarter decisions and good policies that
advance global prosperity for consumers,
businesses and countries. The research
agenda will include groundbreaking analytic
work on the financial behavior of individ-
uals, insights on the small business sector,
and expert profiling of global trade and
capital flows.
Detroit. We brought all of our resources to
bear in a special, coordinated way, which we
never have done before, to try to help the
city of Detroit. We have been doing business
there for more than 80 years and already
are the largest consumer, commercial and
investment bank serving Detroit’s consumers
and companies. But we wanted to do more
to help kick-start the city’s recovery. This
eort is a $100 million commitment, which
includes investments, philanthropy and
our people working in tandem with a set
of city leaders who have come together to
work toward a common purpose. Our initial
interest in undertaking this eort was made
possible because of our faith in the extraordi-
nary work and talent of Mayor Duggan and
Gov. Snyder (and Kevyn Orr, who recently
left as Emergency Manager). Their dedica-
tion to coherently, comprehensively and
pragmatically attacking the city’s enormous
problems made us want to do more. In fact,
everything we have done to help is the result
of asking a broad array of the city’s leaders
what they really needed and then working
with them to come up with some creative
solutions. Let me give just a few examples:
• We expanded the city’s eort to systemati-
cally map every single parcel in Detroit
and provided the technology assistance
so that residents can use their phones to
continually update the database.
• We helped provide financing for people
who wanted to purchase land or to buy
and renovate homes.