A new $5 million program offered by Capital Impact Partners will provide financing and training opportunities for African American real estate developers in Detroit grow their businesses. JPMorgan Chase is investing $500,000 into The Equitable Development Initiative in an effort to increase the number of minority developers in Detroit. The two-year pilot program is part of a larger movement to encourage small, minority-owned business to work on larger products and be successfully while doing it. According to Black Enterprise, the program allows black developers to be a major part of Detroit’s economic recovery.