CLINTON TOWNSHIP, Mich. (AP) — Macomb Community College is getting a $1 million grant from JPMorgan Chase to launch a fund to help Detroit-area entrepreneurs.
The Detroit News and Detroit Free Press report details of the Innovation Fund are being announced Tuesday. The school is creating a new Center for Innovation and Entrepreneurship as well as marking its 60th anniversary.
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The grant will be matched by Macomb Community College and the school has set an additional fundraising goal of $700,000, making the total expected to be available $2.7 million. The fund will provide grants up to $25,000. Larger awards also may be given.
It’s part of JPMorgan Chase’s plans announced in May to spend $100 million over five years in Detroit to support and accelerate the economic recovery in the bankrupt city.
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Online:
http://www.jpmorganchase.com
