JPMorgan Chase Introduces Domestic Economic Investment Program

MT Newswires Live03-31 18:43

JPMorgan Chase (JPM) said Tuesday it launched a multiyear investment program to expand domestic economic opportunities across six core areas, including affordable housing and small business development.

The bank said it plans to support 10 million small businesses by deploying nearly $80 billion in lending over the next decade, and intends to hire 1,000 additional commercial bankers across its retail network, while increasing its roster of senior consultants to 150.

The nationwide plan will target specific local markets like Alabama, where the bank plans to expand its physical branch count to 35 locations by 2030, the company added.

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