Contact: Shawn Uhlman, PDC, 503-823-7994

August 07, 2012

Check from JPMorgan Chase

The Neighborhood Prosperity Initiative, a public-private partnership designed to develop the economic potential of east Portland, has received its first corporate sponsorship. JPMorgan Chase has awarded The Nonprofit Association of Oregon (NAO) a Foundation Award of $50,000 in support of the Initiative.

Brian Stewart, vice president and community relations officer for JPMorgan Chase presented a symbolic check to City Commissioner Amanda Fritz at a celebration on Tuesday, August 7 hosted by Portland Community College Workforce Training Center at N.E. 42nd Avenue and Killingsworth. The event included representatives from each of the six NPI districts, local JP Morgan Chase officials and PDC staff.

PDC Executive Director Patrick Quinton said, “We’re very proud of the NPI districts’ early success in securing this funding. This kind of community partnership is at the heart of our hopes for achieving prosperity in East Portland.”

While each of the six NPI districts – Our 42nd Avenue, Cully Boulevard, Parkrose, Rosewood, Division-Midway and the Jade District – have unique needs and plans, they have banded together under the NPI umbrella to encourage the support of regional investment partners. The JPMorgan Chase award is the first corporate sponsorship of the program.

Stewart said, “We are very excited about the initiative, and are looking forward to having our fellow corporate leaders join us in supporting this important effort to build prosperity and jobs in Portland’s neighborhoods.”