JPMorgan Chase AdvancingCities Challenge Winners in Portland, OR



JPMorgan Chase AdvancingCities Challenge Winners in Portland, OR

After announcing this past fall that Portland was one of seven winning cities in the firm’s AdvancingCities Challenge, we’re proud to share that earlier this month, we announced a second grant award in Portland, increasing the total to $6 million in philanthropic investments to help advance inclusive recovery and promote greater economic opportunity across the region.

The Portland Shared Prosperity Initiative – a partnership between Worksystems, Mt. Hood Community College, Oregon Department of Human Services and Joint Office of Homeless Services – will receive a $1 million philanthropic investment to bring to scale a successful pilot to align workforce development, housing and social safety net systems to support the childcare needs of women, people of color and low-wealth heads of household with young children who wish to pursue occupational training and enter middle-income careers.

Last October, we announced another commitment to a collaborative of three organizations – Craft3, Network for Oregon Affordable Housing (NOAH) and Community Housing Fund (CHF) – which will receive a $5 million, three-year philanthropic investment to address serious affordability challenges in Portland area neighborhoods where longā€time residents and small business owners, particularly Black, Indigenous, Latinx, Asian and Pacific Islanders, are threatened by displacement.

The AdvancingCities Challenge supports collaborative and holistic solutions that tackle pressing needs and systemic challenges to help create more access to capital and opportunity. This year, the competition attracted more than 150 proposals from 78 communities across 35 states and territories.
 

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About AdvancingCities
AdvancingCities is a $500 million initiative that combines the firm’s lending capital, philanthropic capital and expertise to invest in cities. The program consists of two key features, the AdvancingCities Challenge and large-scale investments in cities.

To learn more about AdvancingCities visit www.jpmorganchase.com/advancingcities.