JPMorgan Chase Makes Huge Investment to Revitalize Wilmington

We’re excited to share that JPMorgan Chase has decided to invest $4 million toward the effort revitalize Wilmington’s economically-troubled areas. The investment will be used to help our lower income communities with affordable housing development, access to healthy foods and proper healthcare facilities, as well as small business development.

“We’re very proud to make this investment in Wilmington, a community that’s so important to JPMorgan Chase,” said Tom Horne, JPMorgan Chase market director for Delaware. “This city has been making meaningful progress but we know there’s still a lot of work to be done. We want to show up in a big way to help address the challenges and we’re excited about the great work that this collaborative will do.”

The money will be used by an organization called Equitable Wilmington, who pledge the following:

  • Preserve or rehab over 100 affordable housing units.
  • Provide 48 small business loans totaling $1 million.
  • Develop community facilities that create assets and resources for the community

As a strategic hub for JPMorgan Chase, the company wants to give back to the community in which it works.

“We’re more excited to see what this organization, and how the funds will be used to impact the citizens and residents of the City of Wilmington,” said Tom Horne, JPMorgan Chase Market Director for Delaware

Governor John Carney called the investment remarkable.

“Four million dollars is going to be a big shot in the arm,” he said.

He also pointed to state level investments that will complement this work.

“We have a strong neighborhood commitment and program with over $5 million, we have $25 million of transportation improvements that are happening in our city; the biggest investment is what we’re doing in the Christina School District, rehabilitating and doing a better job in our schools.”

Articles originally posted on Delaware Business Now and wdel.com.

  • Show Comments

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

Ads

You May Also Like

New Wilmington Sports Complex

WILMINGTON, DEL. – NOV. 29, 2017 – During a news conference today in Wilmington, ...

First Friday: Art Loop at The Mill

Art Loop with Christian Kanienberg Friday, December 2nd 5-8pm at The Mill The first Friday ...

Tapp Network presents the 2018 Tapp Social Summit

2nd Annual Tapp Social Summit: National Conference on Community Impact  Inspirational thought leaders to shine a ...

Big Fish Restaurant Group Announces Plan for Riverfront Hotel

Real Estate Developer ONIX Group & Big Fish Restaurant Group announced today that they ...

Wilmington is a Pro for start-ups in Delaware

Summarized from the full original post on Technical.ly/delaware/. Image courtesy of Holly Quinn. As Technical.ly ...

The Buccini/Pollin Group Launches BPG|360

The Buccini/Pollin Group Launches BPG|360 A full-service real estate asset and property management company ...

300-101   400-101   300-320   300-070   300-206   200-310   300-135   300-208   810-403   400-050   640-916   642-997   300-209   400-201   200-355   352-001   642-999   350-080   MB2-712   400-051   C2150-606   1Z0-434   1Z0-146   C2090-919   C9560-655   642-64   100-101   CQE   CSSLP   200-125   210-060   210-065   210-260   220-801   220-802   220-901   220-902   2V0-620   2V0-621   2V0-621D   300-075   300-115   AWS-SYSOPS   640-692   640-911   1Z0-144   1z0-434   1Z0-803   1Z0-804   000-089   000-105   70-246   70-270   70-346   70-347   70-410  

Copyright © 2019 WilmToday.com
Designed and Developed in Partnership with
Tapp Network - Mission-driven Marketing & Technology
Located in Wilmington, DE