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Chicago & Midwest  + South Side  + Retail  | 

JPMorgan Gives $10M Boost to Retail on South, West Sides

JPMorgan Chase is committing $10 million in long-term, low-cost capital to support the sustainable development and preservation of small business and retail corridors on Chicago’s South and West sides.

The loan to the Chicago Community Loan Fund is the first to be made under JPMorgan’s $500-million AdvancingCities initiative.

JPMorgan said the low-cost, long-term capital will enable CCLF to create sustainable loan programs and attract additional outside capital through its “Activate Retail” brand for the preservation and development of local commercial real estate, and to spur small business growth and local job creation.

“We want our support for the South and West sides to be sustainable and to encourage others to see the benefits of investing here, too,” said JPMorgan CEO Jamie Dimon. “The partnership between government, business and the community will help ensure this investment goes where it is needed most—helping those who have not benefited from Chicago’s growth.”


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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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