JP Morgan Chase invests millions to prepare workers

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

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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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