Boston Medical Center-led initiative wins $5 million from JPMorgan Chase to help inner city neighborhoods

JPMorgan Chase is awarding $5 million over three years to a new Boston Medical Center-led initiative aimed at preparing residents of inner-city neighborhoods for better paying jobs and increasing access to affordable housing. The financial services giant and the hospital plan to announce on Thursday that Boston is the latest winner in its “AdvancingCities” Challenge. JPMorgan Chase’s money will help help fund the new initiative, dubbed the Boston Opportunity System Collaborative.