JPMorgan Chase

via detroiteasternmarket.com

JPMorgan Chase is lending some of its people to development-boosting efforts in Detroit.

12 JP Morgan employees will spend much of this month working with non-profit groups in the city as part of the new Detroit Service Corps.

The volunteer effort is meant to complement the financial services company's five-year, $100 million investment in a number of Detroit projects, says Tasha Tabron of the JP Morgan Chase Foundation.

Detroit Skyline
Shawn Wilson / Wikimedia Commons

This Week in Review, Jack Lessenberry and Rina Miller discuss the latest with the Detroit bankruptcy including political push back from the Koch brothers and money from JPMorgan Chase, and the ongoing debate about Michigan's crummy and crumbling roads.

  First on Stateside, we take a look at the "Grand Bargain" in Detroit. The state has taken a big step closer to putting money down to help Detroit. 

JPMorgan Chase is investing $100 million in Detroit's future, but what does that mean for the city, and what are JPMorgan's motives?

Only 28% of you said that Michigan is the best possible state to live in, according to a Gallup Poll. So Michigan kicked off the Why I Stay project, to find out exactly why you are still in Michigan. Michigan Radio's Mark Brush joined us.

Then, a meteor shower is headed our way Friday night, so it's time to dust off those binoculars and look to the sky. 

Michigan's expansion on Medicaid – Healthy Michigan – is on track for enrollee sign-up. 

Last, we learn about a fish that has a notoriously bad reputation: the Asian carp.

*Listen to the full episode above. 

Detroit Skyline
Shawn Wilson / Wikimedia Commons

This week brought a $100 million boost to Detroit from JPMorgan & Chase.

Having a titan of Wall Street come to the Motor City with that big bag of money has meaning on many levels. 

Detroit News business columnist Daniel Howes joined us. 

*Listen to the full interview above. 

Detroit Skyline
Shawn Wilson / Wikimedia Commons

For a lot of people, Jamie Dimon will forever be linked to the mortgage crisis that hit Detroit as hard as any city.

But there was no mention of that at yesterday's announcement, of course. Instead, there was a plated lunch - chicken and salad, with cupcakes - an uplifting video, and a standing ovation led by Michigan's governor, Rick Snyder.

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Global financial giant JPMorgan Chase is bringing Wall Street money to the Motor City.

JPMorgan CEO Jamie Dimon formally unveiled his company’s plans to put $100 million into a range of targeted initiatives at a Detroit luncheon Wednesday.

Dimon called the effort a “long term investment” in a rebounding city.

“We believe in Detroit’s future, and we want to see the city recover its economic strength,” said Dimon.