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Banking Giant Offers Financing for Charter Schools

JPMorgan Chase & Co., a global financial-services company, has announced a $325 million effort to support building, expanding, and renovating charter school facilities.

In a press release, the company said it would give $50 million in grants to community-development financial institutions to support charter schools. The company will also provide about $175 million in debt financing and about $100 million in "new markets tax-credit equity" for charter schools. It estimates t...

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