Three years ago the nation's largest bank, JP Morgan Chase, made waves when it announced an unprecedented $100M investment in Detroit. The timing was important and restored confidence in the city after the much publicized bankruptcy proceedings. Now, Chase has doubled down on Detroit by pledging to commit an additional $50M to the city by 2019. Chase's massive investment has had a significant impact on Detroit's resurgence by supporting small businesses, funding real estate projects, and trained unemployed workers for new jobs according to the Detroit Free Press. 

While the initial $100M investment was slated to be invested over 5 years, the funds were actually dispersed over the past 3 years. The results were even more positive than originally projected, which led to Chase's decision to commit an additional $50M. One of the best examples of the success of Chase's Detroit project is the Entrepreneurs of Color Fund which has has awarded about $2.75M to 30 minority owned businesses. For more on Chase's commitment to Detroit, check out the full story here.