JPMorganChase has announced the American Dream Initiative, a multi-year effort targeting local community investments across the United States. The initiative spans six focus areas: business growth and entrepreneurship, with plans to expand support to 10 million small businesses and provide nearly $80 billion in lending over the next decade; housing access and affordability; financial health and wealth creation, scaling financial education to reach approximately 5 million cumulative customers; careers and skills training; healthcare access; and financing for local institutions including schools, hospitals, and nonprofits.
“The American Dream is alive, but it’s slipping out of reach for too many people,” said Chairman and CEO Jamie Dimon. The initiative builds on the firm’s existing track record of advancing local solutions to expand opportunity for millions of Americans.