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On May 21, 2014, JPMorgan Chase announced that it was injecting $100 million over five years into Detroit's economy, providing development funding for a variety of projects that would increase employment. It is the largest commitment made to any one city by the nation's biggest bank.[citation needed] Of the $100 million, $50 million will go toward development projects, $25 million will go toward city blight removal, $12.5 million will go for job training, $7 million will go for small businesses in the city, and $5.5 million will go toward the M-1 light rail project. On May 19, 2015, JPMorgan Chase announced that it has invested $32 million for two redevelopment projects in the city's Capitol Park district, the Capitol Park Lofts (the former Capitol Park Building) and the Detroit Savings Bank building at 1212 Griswold. Those investments are separate from Chase's five-year, $100-million commitment.
Detroit