JPMorgan Chase & Co. plans to unveil a $500 million project Wednesday geared toward boosting economic growth in as many as 30 cities across the U.S. The five-year initiative, “AdvancingCities,” includes a competition for funding. JPMorgan plans to invest, through public-private partnerships, in places where it can address employment barriers, financial insecurity and neighborhood disinvestment, said Peter Scher, head of corporate responsibility for the New York-based bank. Its request for proposals, going live Wednesday,...

Source: Wall Street Journal September 12, 2018 03:56 UTC