CNN CNN Newsroom May 21, 2014 13:29:00
>> reporter: good morning, carol. jpmorgan, the wall street giant announcing theyre investing $100 million in detroit to help with the bankrupt citys recovery. about 40% will be investment, meaning they expect so make some money back. 60% is philanthropic, basically in the forms of grants. $50 million, half going to community developers trying to turn around struggling neighborhoods in detroit. one of the biggest problems in detroit is all those abandoned homes. $25 million will go toward tackli...
Source: archive.org