DEPARTMENT: Economic Development
DEPARTMENT HEAD: Rene Dominguez
COUNCIL DISTRICTS IMPACTED: All
SUBJECT:
City Council consideration of a resolution of support for the Alamo Colleges Foundation's application to the JP Morgan Chase AdvancingCities Challenge.
SUMMARY:
This resolution affirms the City of San Antonio's support for the Alamo Colleges Foundation's application to the JP Morgan Chase AdvancingCities Challenge in partnership with SA Works, P-16 Plus Council of Bexar County, Family Service, San Antonio Education Partnership, and local Independent School Districts. The City is providing a letter of support in accordance with JP Morgan Chase's proposal requirements.
BACKGROUND INFORMATION:
JPMorgan Chase & Co. (JPMC) recently launched the AdvancingCities Challenge, a $500 million, five-year initiative to advance lasting solutions. The goal is that this funding opportunity will lead to more people connected to jobs with career pathways living with financial security, more small business owners growing and hiring, and economically vibrant neighborhoods. JPMC released the inaugural AdvancingCities Challenge Request for Proposals (RFP) seeking responses from entitiesthat share their commitment to promote inclusive growth through collaboration. Nonprofit organizations can compete for up to $3 million over three-years and must demonstrate support from their local government. Responses are due November 30 and winners will be announced in April 2019.
JPMC is soliciting proposals that demonstrate the ability to accomplish the following:
1) Build upon and strengthen the vision and leadership of an established coalition working across sectors to address major systemic challenges; and
2) Seek to implement solutions that incorporate at least two systems within JPMC's philanthropic focus areas (jobs and skills, financial health, small business expansion, and neighborhood revitalization).
The City of San Antonio was contacted by several non-profit organiza...
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