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Dimon discusses Detroit investment

A flag hangs on the wall of the JP Morgan company stall on the floor of the New York Stock Exchange in New York July 15, 2010. REUTERS/Lucas
A flag hangs on the wall of the JP Morgan company stall on the floor of the New York Stock Exchange in New York July 15, 2010. REUTERS/Lucas

DETROIT (WKZO) -- The leader of the largest bank in America says he believes in Detroit. Jamie Dimon of JPMorgan Chase told the "Today" show's Matt Lauer that the bank's 100-million dollar investment over the next 20-years "could be our finest moment". In an interview that aired Wednesday morning,

Dimon elaborated on a program to give funds to companies looking to invest in Detroit and provide jobs in the city. The money will also be spent on job training, blight removal, and the city's redevelopment.

Dimon said that Detroit "hasn't had a real renaissance", but it could happen.

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