JP works with philanthropic and private sector investors on accelerating economic mobility and has experience working across more than a dozen US cities and states on economic development and real estate projects. He has deep expertise in housing, financial inclusion, and workforce development.
Alongside his client work, JP is a leader of the McKinsey Institute for Economic Mobility, McKinsey’s internal think tank focused on inclusive economic growth.
JP’s recent projects include the following:
- helping a leading financial services organization build an end-to-end strategy to better serve and support underserved communities, including exploring targeted financial products, partners, and channels that could better meet the need of low-income consumers. The effort is underway and aims to increase mortgage lending, credit access, and insurance coverage for thousands of new and existing customers.
- creating a ten-year community-investment plan for a historically underperforming region, including investor-ready business plans for each initiative developed in partnership with community members. To date, the plan has raised more than $200 million in state and philanthropic investment.
- supporting a US foundation in developing place-based strategies to accelerate economic mobility in high-poverty neighborhoods and identifying targeted interventions and capital resources to ensure long-term sustainability of the work.
- developing an inclusive economic-development strategy for a US state, including advice on specific levers to increase the supply of affordable housing, advance the innovation economy, and build community wealth. The effort is on its way to deliver an estimated 300,000 jobs and more than $600 million increase in venture-capital investment.
- working with social sector leaders to develop a strategy to advance equity outcomes and help improve the economic reality for the nearly 100 million Americans who are financially insecure.
- leading the strategic and operational design of three innovation districts, including the end-to-end strategy of a university-anchored hub that is expected to generate more than $500 million of investment.
