Giving Compass' Take:

• Writing for Fortune, JP Morgan Chase's Peter L. Scher urges corporate America to connect with local communities better and expand opportunities for the disadvantaged.

• Collaboration, sticking to one's expertise and committing to a long-term plan are all part of the strategies detailed here. These tenets could apply well to both private and public entities.

• Here's how to plug the experience gap when it comes to Corporate Social Responsibility.

I need to look no further than my own city to be powerfully reminded that even in today’s thriving economy, far too many people are still being left behind. The Washington, D.C., region is home to five of the wealthiest counties in the U.S., yet almost one-fifth of the District’s population is living in poverty.

The opportunity gap in Washington is stark, unsustainable, and unconscionable — but it’s not unique. We see it playing out in far too many communities. The reality is that when so many are left behind, shut out of the rewards of a growing economy, we all feel the consequences. It sows division, erodes trust in our institutions, and hurts business.

At JPMorgan Chase, we’re tackling this challenge head-on. Through our model for driving inclusive growth, we are undertaking significant, long-term, and coordinated efforts in Washington and communities around the world. Our initiatives are focused where we believe we can have the greatest impact: building job skills, expanding small businesses, revitalizing neighborhoods, and promoting financial health.

Read the full article about how corporate America can help local communities by Peter L. Scher at fortune.com.