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100-million dollar investment made in Detroit


JPMorgan Chase & Co Chief Executive Jamie Dimon speaks at the Stanford Institute for Economic Policy Research at Stanford University in Palo Alto, California March 12, 2010. REUTERS/Robert Galbraith
JPMorgan Chase & Co Chief Executive Jamie Dimon speaks at the Stanford Institute for Economic Policy Research at Stanford University in Palo Alto, California March 12, 2010. REUTERS/Robert Galbraith

DETROIT (WKZO) -- JPMorgan Chase is investing 100-million dollars in the city of Detroit. In the "Detroit Free Press" Chase CEO Jamie Dimon says he wants to make it very clear that it is an investment and not charity. It's meant to kick-start things, he says that otherwise would not take place.

"Detroit could be a shining example of people in America coming together," says Dimon, "all types, and saying, 'we're going to fix our city.'"

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