From startups to legacy brands, you're making your mark. We're here to help.
Key Links
Prepare for future growth with customized loan services, succession planning and capital for business equipment.
Key Links
Institutional Investing
Serving the world's largest corporate clients and institutional investors, we support the entire investment cycle with market-leading research, analytics, execution and investor services.
Key Links
Providing investment banking solutions, including mergers and acquisitions, capital raising and risk management, for a broad range of corporations, institutions and governments.
Key Links
A uniquely elevated private banking experience shaped around you.
Whether you want to invest on your own or work with an advisor to design a personalized investment strategy, we have opportunities for every investor.
Explore a variety of insights.
Key Links
Insights by Topic
Explore a variety of insights organized by different topics.
Key Links
Insights by Type
Explore a variety of insights organized by different types of content and media.
Key Links
We aim to be the most respected financial services firm in the world, serving corporations and individuals in more than 100 countries.
Key Links
[synth music with chorus]
Sara:
Imperial Valley is located within the Sonoran Desert. Summer temperatures are anywhere from 105 to 115 and it doesn’t get cool at night. There’s only so early you can come to work in the morning in order to avoid the afternoon heat. That made life in our old food bank very difficult. We had no ventilation; our warehouse workers had the unairconditioned part of the warehouse. And there’s nothing but gravel in between them and we’re running forklifts back and forth between these two buildings. We didn’t have a loading dock and the staff that was doing programs stayed in this little, tiny space where we were literally on top of each other.
[laughter]
So, you can do pretty much everything in one room. It was too small; there just wasn’t enough space.
[inspirational music]
The cost of the building itself was getting us to that 6/6.5/7-million-dollar figure. So we started our fundraising, we got to the point where we were 50 percent and we went public with it, and we were discussing phasing the building to build essential warehouse office space and then adding on the things that weren’t essential but necessary. Cause we weren’t gonna build this building for 10 years; this is a 50-yar project. We want this building to be here no matter what happens with hunger in the valley, and we need to really look at how we were gonna raise all that money. So, through some contacts, I learned about New Market Tax Credits. I talked with a consultant, and they introduced us to JPMorgan Chase, who became the funder on the project.
[mysterious music]
There were so many people that doubted that we could do this. $7 million dollars in Imperial County is unheard of. So we’re so grateful to the people who did believe in us, our board, and myself that we were actually able to achieve this. And most of my staff come from low-income backgrounds. Very few of them have ever lived or worked in a new building, and it was a paradigm shift.
Cecilia:
When they finished the building, I was really excited. I even cry that day and I say thank you to Sara for making this happen.
[inspirational music swells]
Sara:
I’m very proud of this building, but I’m really proud of my staff and having them being proud to be in the building. Just…it just warmed my heart.
END
California’s Imperial County is known for agriculture. Despite this, the county has one of the highest rates of food insecurity in the nation, according to the Imperial Valley Food Bank (IVFB). IVFB has tackled that problem head on, but was constrained by working out of the same facility since its founding in 1991.
That was the case until 2016, when Executive Director Sara Griffen led the effort to build a new facility.
3:50 - Real Estate
The most talked-about neighborhood in Austin
Jul 24, 2024
Mobile Loaves & Fishes built a supportive community for people transitioning out of chronic homelessness. A planned expansion will more than triple its size.
Real Estate
Commercial real estate succession planning guide
Jul 17, 2024
Download our guide to developing a succession plan for your multifamily investments. Read about preparing next-generation leaders, ensuring business and portfolio resilience, preventing family conflict and understanding tax-planning considerations.
Real Estate
Formerly incarcerated New Yorkers get a second chance
Jul 11, 2024
JPMorgan Chase is committed to supporting second chances for individuals with a criminal record in New York, from removing barriers to employment to expanding housing access.
Real Estate
How real estate investors can prepare for an economic rebound
Jul 09, 2024
Multifamily investors can prepare now by doing market research, proactively reaching out to building owners and more.
Real Estate
Jul 02, 2024
Learn from JPMorgan Chase commercial real estate leaders and stay up to date on the latest industry news and media coverage.
Real Estate
Orange County multifamily market update
Jun 28, 2024
Local commercial real estate professionals share four trends to watch through the rest of 2024.
Real Estate
San Diego multifamily market update
Jun 28, 2024
Local commercial real estate professionals share trends to watch through the rest of 2024.
Real Estate
Sacramento multifamily market update
Jun 28, 2024
What a construction boom means for Sacramento multifamily, plus more key trends for investors to watch in 2024.
You're now leaving J.P. Morgan
J.P. Morgan’s website and/or mobile terms, privacy and security policies don’t apply to the site or app you're about to visit. Please review its terms, privacy and security policies to see how they apply to you. J.P. Morgan isn’t responsible for (and doesn’t provide) any products, services or content at this third-party site or app, except for products and services that explicitly carry the J.P. Morgan name.