Innovative New Initiative from JPMorgan Chase to Catalyze Investment in Low- and Moderate-Income Communities

Thursday, January 30, 2014

JPMorgan Chase & Co. today announced it has created a new CDFI Collaboratives program and awarded through its Foundation $33 million to community development financial institutions (CDFIs) across the U.S. This first-of-its-kind program creates partnerships among CDFIs to help them build capacity, improve access to capital for small businesses, affordable housing and healthy food networks, and create economic growth in distressed and underserved communities.

Source: Market Watch (link opens in a new window)

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Entrepreneurship, Impact Assessment
Tags
impact investing, investment fund, SME finance, social impact