Lending circles will facilitate zero-interest loans to help Detroit residents build credit, increase assets and improve financial health
DETROIT,January 28, 2016 /3BL Media/ – Southwest Solutions, JPMorgan Chase & Co. and Mission Asset Fund (MAF) today announced the launch of Lending Circles, a new social loan program that will allow Detroit residents to safely build credit through zero-interest loans. Participants make monthly loan payments and take turns receiving zero-interest social loans, ranging from $300 to $2,500. All loan payments are reported to credit bureaus, enabling participants to build a credit history, raise credit scores and work towards greater financial stability.
Report informs new Detroit Workforce Development Board and other private and public efforts to accelerate the city’s economic recovery
DETROIT, January 19, 2016 /3BL Media/ – JPMorgan Chase & Co. and the Corporation for a Skilled Workforce (CSW) today released the first report of a two-part series on the current state of Detroit’s workforce systems that further informs investments and helps aligns resources to support job growth in the city.
Committing to 100% clean energy for all operations, Detroit Zoo is the first zoo in the U.S. certified by Green-e
SAN FRANCISCO, CA, December 16, 2015 /3BL Media/ — Center for Resource Solutions (CRS) today announced that the Detroit Zoo is the first zoo in the U.S. to earn certification by Green-e Marketplace. By using 100% Green-e certified wind energy for all its operations, the Detroit Zoo is reducing the environmental impact of its electricity use. The zoo is committing to purchase nearly 15,000 renewable energy certificates through a partnership with ITC Holdings Corp. per year to cover all its operations.
December 11, 2015 /3BL Media/ - Habitat for Humanity Detroit and the FCA Foundation, the charitable arm of FCA US LLC, dedicated a new home this morning in the Morningside Commons community on Detroit’s east side.
ATLANTA, Dec. 10, 2015 /3BL Media/ – Points of Light announced today that Detroit has been named host city for the 2016 Points of Light Conference on Volunteering and Service, which will be held at the Cobo Center June 27-29, 2016. Points of Light is currently calling for proposals for thought-leading and innovative workshops as part of the annual Conference.
December 9, 2015 /3BL Media/ - With temperatures continuing to drop, exposure to the cold can cause serious or life-threatening health problems for young children -- many of whom must walk several blocks to school.
When the rooftop garden at the parking garage adjacent to GM’s world headquarters gets started each summer, tenants inside the Detroit skyscraper watch the transformation of a once-empty section of the garage blossom into an ever-growing green space. The addition of honeybee hives helped pollinate the gardens, and now GM manufacturing scrap is providing insulation in the bees’ winter homes.
Inner-City Youth Paid to Improve Challenged Neighborhoods and Learn from Retired Auto Execs
If you drive through the City of Detroit, it’s almost a tale of two cities. There’s the city of business growth and revitalization, but there’s also the city of neighborhood blight and decades of decay.
As a top employer and industry leader in the state, General Motors is driven to serve and improve our communities. One way we do this is through an internship program called GM Student Corps, which pays students to perform community service projects in challenged neighborhoods while partnering with GM retirees to learn valuable life and career skills.
Four Detroit-based minority-owned small businesses receiving $325,000 in loans are providing lighting, construction and retail services from the city’s neighborhoods to downtown
Detroit, December 3, 2015 /3BL Media/ – The Detroit Development Fund (DDF), JPMorgan Chase & Co. and the W.K. Kellogg Foundation (WKKF) today announced the first four Detroit-based minority-owned small businesses receiving loans and lines of credit from the Entrepreneurs of Color (EOC) Fund. The lending from this $6.5 million program is going to Detroit-based neighborhood businesses owned by entrepreneurs of color and businesses that primarily hire people of color.