Chad Livengood
- J.P. Morgan Chase & Co. on Wednesday announced a $50 million increase in the $100 million investment the global banking firm committed to economic development and neighborhood stabilization in Detroit during the depths of the city's historic bankruptcy three years ago. Half of the $150 million will be grants and the other half is going to toward a variety of loan funds for small business growth, mixed-use real estate development and residential housing projects, said Peter Scher, head of
Chad Livengood
- J.P. Morgan Chase & Co. on Wednesday announced a $50 million increase in the $100 million investment the global banking firm committed to economic development and neighborhood stabilization in Detroit during the depths of the city's historic bankruptcy three years ago. Half of the $150 million will be grants and the other half is going to toward a variety of loan funds for small business growth, mixed-use real estate development and residential housing projects, said Peter Scher, head of