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Scooped by Deb Nystrom, REVELN
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Jamie Dimon Comments on $100M investment in Detroit JPMorgan Chase

Jamie Dimon Comments on $100M investment in Detroit JPMorgan Chase | Change Leadership Watch | Scoop.it

Good news for Detroit.   What's the motivation?   Jamie Dimon, the CEO of JPMorgan Chase, tells TODAY's Matt Lauer in an exclusive interview that his company's $100 Good investment in the city of Detroit isn't about public relations. 


"The cynic would be wrong," Dimon told Lauer when asked if the investment was in response to a $13 billion fine levied against the company in an exclusive interview.


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"I think we can make this our finest moment...if we can come together and help rebirth here." ~ Jamie Dimon, CEO

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"We invest and develop communities around the world. And we've been doing this since our heritage started 200 years ago," said Dimon. "So that's what banks do. They do it commercially. They do community development."


"I think we can make this our finest moment,'' he said. "Can Americans come together, business, labor, civics...government come together and build something and fix the city? You've seen rebirth of cities all over America. I think it would be an unbelievable thing if we can come together and help rebirth here."


...Lauer asked Dimon what he expects at the end of the investment's five-year period.     "Jobs and population,'' Dimon said. "If it works, you'll have a healthy and vibrant economy, jobs and population, businesses will beget home ownership, better schools, and a completely revived city." 


Read the full interview here.


More about investing in cities by Deb here:  

     

Detroit & Vegas – A Tale of Two Cities as Our Comeback Kids 

      

Future Midwest in Detroit, A Retrospective – Photo, Video Set

      

In Detroit, Entrepreneurs Meet Success in Hard Times

     

Stay in touch with Best of the Best news, taken from Deb's  NINE multi-gold award winning curation streams from @Deb Nystrom, REVELN delivered once a month via email, available for free here via REVELN Tools.

Deb Nystrom, REVELN's insight:

All breaths of fresh air are welcome, as, indeed, it could be great hope for the city to rise up to be a  "shining example, of what can be done," if it stimulates more investment, creates jobs and revival, once again.   

The cities are the heartbeat of our nation.  This is great news for Detroit.  ~  Deb

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Scooped by Deb Nystrom, REVELN
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Taking the Bet: Dan Gilbert’s Investment Gamble on Downtown Detroit

Taking the Bet:  Dan Gilbert’s Investment Gamble on Downtown Detroit | Change Leadership Watch | Scoop.it
Against tall odds, Dan Gilbert, the Quicken Loans chairman, is putting down money to revive a two-square-mile area that was once Detroit’s core.


...His plans, according to academics like Brent D. Ryan, author of “Design After Decline: How America Rebuilds Shrinking Cities,” amount to one of the most ambitious privately financed urban reclamation projects in American history.


Opportunity Detroit, as Mr. Gilbert has branded it, is both a rescue mission and a business venture....   When he started buying in 2011, the city was having what he has described as a “skyscraper sale.”

Related posts by Deb:

    

Deb Nystrom, REVELN's insight:

I've covered some of Dan's Gilbert's 2011 intentions about downtown Detroit at FutureMidwest, 2011, a photo essay here.   Our cities could be the Amazon rain-forests are to the earth, regulating our air, our weather, our ocean health, as well as our own economic & community future shared with the region and state.  

What I shared on twitter as I listened to Dan Gilbert at FutureMidwest 2011:

  • 25 Things I Learned in 25 Years of Business by Dan Gilbert @quickenloans: #5 Building anything great is messy.  ~  D
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