JP Morgan Chase invests millions to prepare workers

Room with four automated teller machines and Chase logo on the wall.


Room with four automated teller machines and Chase logo on the wall.

JPMorgan Chasesays it’s putting millions behind a push to help students get the schooling and experience necessary to land a high-paying job in a growing field.

Jamie Dimon, the bank’s chairman and CEO, was set to announce Wednesday that JP Morgan Chase will dedicate $75 million to an initiative that will focus on preparing students in ten cities over five years.   

The goal is to create a path so that young people, particularly in underrepresented groups, can fill jobs in fields like technology and health care that may struggle to find enough highly skilled workers.

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“Too many young people are being left behind without the education, skills and experience needed to get well-paying jobs,” Dimon said in a statement. “Now, more than ever, businesses, government, and communities must work together to prepare young people for the future of work so they have a better shot at building a good financial life for themselves and their families.”

Denver will be the first site, receiving a $7 million investment to help support and connect high schools, colleges, employers and students.

A growing skills gap, coupled with baby boomers aging out of the work force, are leading states and individual companies to launch training programs that can create a pipeline of new employees.

Follow Charisse Jones on Twitter @charissejones


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