JPMorgan Chase awards $35 million for career readiness initiatives

JPMorgan Chase awards $35 million for career readiness initiatives

JPMorgan Chase has announced commitments totaling $35 million in support of career-readiness initiatives in Boston, Columbus, Dallas, Indianapolis, and Nashville.

Through the firm's New Skills at Work initiative, each city will receive $7 million over five years to develop cross-sector partnerships, equitable pathways, and policy recommendations aimed at giving underserved students greater access to higher education and real-world work experiences that can lead to high-wage, in-demand jobs. The five cities join Denver, whose participation in the initiative was announced earlier this year; four additional sites will be announced at a later date.

In Boston, EdVestors, in partnership with Boston Public Schools, will lead efforts aimed at leveraging state-level policies to expand high-quality career pathways for BPS students; in Columbus, Ohio Excels, in partnership with Columbus State Community College, will lead efforts to expand high-quality career pathways for Columbus City Schools students; in Dallas, Dallas Commit, in partnership with the Dallas Independent School District, Dallas College, the University of North Texas Dallas, and Texas Education Agency, will build on a previous investment by JPMorgan Chase in the Dallas Promise scholarship program to provide real-world work experiences and career pathways for students; in Indianapolis, EmployIndy, in partnership with Indianapolis Public Schools, Ivy Tech Indianapolis, Indiana University Purdue University Indianapolis, Ascend Indiana, and the Governor's Workforce Cabinet, will work to leverage momentum around the conversion of IPS to career academies to build seamless transitions between high school and higher education; and in Nashville, the Nashville Chamber Public Benefit Foundation, in partnership with Metro Nashville Public Schools, Nashville State Community College, Tennessee College of Applied Technology — Nashville, Middle Tennessee State University, Tennessee State University, the Tennessee Department of Education, the Tennessee Higher Education Commission, and the Tennessee Department of Labor and Workforce Development. will build on the city's existing career academy programs to forge connections between high school and higher education.

"Too many young people — especially in Black and Latinx communities — are left behind without the education, skills, and experience needed to get good jobs," said JPMorgan Chase chair and CEO Jamie Dimon. "At this critical time — as we all work to address systemic racism and inequities — it's necessary for business, government, and communities to come together and help young people have equitable access to economic opportunity."

(Photo credit: Columbus State Community College)