Authors
Annie Leiter, Swati Gayen, and Nam Ha
How can communities foster partnerships to create sustainable economic growth for all? As part of the JPMorgan Chase Challenge grant program, grantees from Baltimore, Boston, New Orleans, and Philadelphia offer valuable insights on how they have strengthened partnerships to support economic development at the local level.
The JPMorgan Chase Challenge
The JPMorgan Chase Challenge grant program seeks to promote economic growth by supporting initiatives that test and scale innovative, sustainable solutions to advance economic opportunity for all.
The Challenge Grantees
Between 2019 and 2022, JPMorgan Chase awarded Challenge grants to 23 single or collaborative entities partnering with local nonprofit, business, or government organizations to deliver programs and services. Grantees’ work focuses on job and skill development, small business expansion, financial health, and neighborhood revitalization.
In parallel with their programs and services, grantees seek to create system changes that will generate sustainable practices and policies within their focus areas. Local evaluators partner with each grantee to explore the impact of the grantee’s work and support using data to improve grantee efforts.
About The Video
One way Challenge grantees advance systemic change is by forming public and non-profit sector partnerships to share information and collaborate on wealth building initiatives. This video from Abt Global highlights strategies from two Challenge grantees – the Boston Opportunity System Collaborative and the New Orleans AdvancingCities Collaborative – that received grants in 2020 and have formed partnerships to generate economic change in their communities. The video draws on annual data reports, collaborative interviews, and local evaluation reports the collaboratives submitted through Spring 2024.