JP Morgan Chase 2015 Annual Report Download - page 40

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America. Service Corps employees work
on-site with nonprofits on projects that last
three weeks. In total, 64 people have been
involved in 22 projects. And this program
will continue to grow in the coming years
to other domestic and international loca-
tions. While supporting our nonprofit
partners to deliver on their mission, our
employees also gain enormous satisfaction
and sense of purpose from the opportunity
to help. In addition, as they travel across
the globe and interact with their peers,
they develop a great, permanent camara-
derie that helps unite our employees from
around the world in a commitment to
make a dierence in our communities.
PARTNERSHIP IN DETROIT
by Mayor Mike Duggan
Detroit is coming back. After years of challenges, we are
seeing signs of real progress in our neighborhoods and
business districts.
Two years into our administration, we’ve brought back fiscal
discipline and have balanced the city’s budget for the first time
in more than a decade. We’ve installed 61,000 new LED street-
lights in our neighborhoods. Buses are running on schedule
for the first time in 20 years and are serving 100,000 more
riders each week. We’ve taken down nearly 8,000 blighted
homes and, as a result, are seeing double-digit property value
increases across the majority of the city. Perhaps most impor-
tant, 8,000 more Detroiters are working today than two years
ago, thanks to eorts to attract new investment and develop
our workforce.
None of these positive steps would have been possible without
the partnerships we’ve established in Washington, D.C., in
our state capital of Lansing, with the Detroit City Council, and
especially with our residents and partners in the business and
philanthropic communities.
When our friends at JPMorgan Chase started thinking about
making a $100 million investment in Detroit, they started o
by asking about our priorities for the city’s recovery — not just
mine but those of our community and philanthropic leaders
as well. Today, we can see the impact of JPMorgan Chase’s
commitment to Detroit in many places — in the opening of a
new grocery store in the Westside’s Harmony Village neigh-
borhood, in the minority-led small businesses that are getting
much-needed capital from the new Entrepreneurs of Color Fund
and in the map of Detroit’s workforce system that is helping
us prepare Detroiters for the new jobs coming to the city.
JPMorgan Chase is bringing its data, expertise and talent to this
town in so many ways — assets that are just as important as
money in boosting our recovery.
The partnerships JPMorgan Chase saw at work in Detroit helped
give the firm confidence to invest so significantly in our city.
And because we have this fine company at the table, we now
have other companies coming to our city looking to contribute
and invest in Detroit and its residents.
We still have a long way to go. But with great partners like
JPMorgan Chase, we are creating a turnaround that is bene-
fiting all Detroiters and can be a model for other large cities
facing similar challenges.
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