There are two kinds of storefronts on this stretch of Detroit’s West ­McNichols Road: Boarded-up and “Why isn’t this boarded up?” Most of the one- and two-story buildings are clad in drab painted plywood or the gunmetal gray of security shutters. At 10:30 on a Thursday morning, the liquor store on the corner of San Juan is the only business with noticeable traffic—­unless you count the one being run out of the Honda coupe idling at a bus stop. The driver is conducting a cash-for-­something-in-a-sandwich-bag transaction with a passerby, both of them oblivious to the horn blasts from the westbound Number 30 whose space they occupy.

The bank’s effort, called Invested in Detroit, is a ­neighborhood-by-neighborhood campaign to revive local real estate, launch small businesses, and train residents for in-demand jobs—all at the same time, as quickly as possible. “If you don’t have jobs, you don’t have housing,” Dimon tells Fortune in an interview at JPMorgan Chase’s New York headquarters.

“If you don’t have housing, people can’t get to their jobs. If people don’t have skills, people can’t buy homes. You’ve got to make progress on all these fronts.”

Read the full article by Matthew Heimer on Fortune