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JPMorgan Chase & Co. aims to help low-income Detroit neighborhoods with $125 million. The funds will help build infrastructure and assist citizens of Detroit to qualify for loans. Through grants to the community, Detroit will be able to use these resources for construction of healthcare and education facilities, retail outlets, and community centers. The addition of such facilities would greatly boost the lagging Detroit economy.
In the initial test, JPMorgan Chase & Co. provided $33 million in grants. These funds were used to help purchase and develop 2,000 housing units for low-income residents and provided start-up capital for 130 small businesses. The project has been praised for "empowering community leaders to collaborate, share resources, then identify and address the key drivers of inequality."
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
If you're in Nashville and want to help fight climate change, there's a program you can sign up for for free. The Climate Innovation Accelerator is a 10-week program from Vanderbilt University's...more
"Education, a fundamental right, is a powerful catalyst for development worldwide." That's what Kenyan social entrepreneur Mumbe Mwangangi has to say about her new startup, Nyansapo AI, which...more
"The future of our nation hinges upon its young,educated, and socially conscious demographic," State Bank of India CEOjay Prakash says in a press release. Prakash is referring to the roughly 1...more
The director of the Flanders Architecture Institute in Belgium has been named an honorary fellow of the Royal Institute of British Architects, the Guardian reports. Sofie De Caigny, who took over...more
If you're an expert in geographic information system (GIS) technology, you may want to consider attending the annual Esri User Conference in San Diego next month. The event, which runs from July...more
"I was working in corporate America for one of the world's largest retail companies, and it was challenging and wonderful in many ways. But I was finding my truest fulfillment on Saturday...more
Foundation: Whitefish Community Foundation
"Through our collective efforts, we're not just providing financial support, but we're investing in Montana's vitality and resilience." That from Mike Smith, president of Glacier Bank, which...more
If you're looking for a way to boost your community's sense of place, researchers at Gustavson University in Sweden have just the thing. They've developed a set of five principles that community...more
Seri Roth is an entrepreneur "with a passion for empowering communities and fostering positive change," according to her website. She's just launched Boston Queers, an online directory and...more
The new president of the International Storytelling Center in Jonesborough, Tenn., says he'll bring a "keen appreciation for the arts and Appalachian history" to the job, the Knoxville News Sentinel...more
Community Building News from...
Wells Fargo Foundation
New Hampshire Charitable Foundation
Community Foundation of Southeast Kansas
Dallas Foundation
Oak Park-River Forest Community Foundation
Greater Washington Community Foundation
Rhode Island Foundation
Community Foundation for Greater Atlanta
California Community Foundation
Arizona Community Foundation
Social Entrepreneurship
Spotlight
Building a Million Dollar Company Where Everyone Counts
Ganesh Natarajan is the Founder and Chairman of 5FWorld, a new platform for funding and developing start-ups, social enterprises and the skills eco-system in India. In the past two decades, he has built two of India’s high-growth software services companies – Aptech and Zensar – almost from scratch to global success.
