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Cities can compete for $500M in funds to drive inclusive growth
JPMorgan Chase announced the creation of AdvancingCities, a new $500 million, five-year initiative to drive inclusive growth and create greater economic opportunity in cities across the world. The firm will invest in cities where conditions exist to help those who have not benefited from economic growth. This includes demonstrated collaboration across the public and private sectors on solutions that create opportunity for people at risk of being left out of economic growth. Successful applications will be eligible for a three-year grant of up to $3 million. Cities interested in applying for the AdvancingCities Challenge should visit www.jpmorganchase.com/advancingcities. The RFP closes on Nov. 30, 2018 and winners will be announced in the spring of 2019.