JPMorgan is investing $500 million in reviving US cities | Quartz


The bank is taking applications from cities until November and will announce the winning cities by the middle of next year. In that, JPMorgan follows in the footsteps of Amazon, which turned location-hunting for its second US headquarters into something more akin to America’s Next Top Model, forcing US cities to bid against each other to land the $5 billion complex.

If you’re wondering why US governments—city, state, or federal—aren’t taking care of this stuff, good question …

Source: JPMorgan is investing $500 million in reviving US cities — Quartz

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