JPMorgan Chase & Co. launched its fifth annual Partnerships for Raising Opportunity in Neighborhoods (PRO Neighborhoods) competition in April 2018
A Focus on Equitable Development
PRO Neighborhoods is a $125 million, five-year commitment that JP Morgan Chase & Co. launched to address the neighborhood quality issues that are among the biggest drivers of income and wealth inequality. The PRO Neighborhoods Competition empowers Community Development Financial Institutions (CDFIs) and local community-focused organizations to spark dramatic neighborhood improvement alongside residents, businesses and local decision-makers.
The 2018 PRO Neighborhoods competition introduced a focus on equitable development, recognizing it as a comprehensive approach to creating healthy, vibrant, communities of opportunity for all, regardless of income and demography.
Next Street served as a strategic partner to manage the application process for the 2018 competition. We leveraged our expertise and insights to build a feedback loop, conducted applicant screening and submitted packages to the selection committee for review. After the competition, we authored a 2018 Applicant Trends Report with key takeaways and lessons learned from the process.