October 20, 2020

JPMorgan Chase to give $7M toward local workforce development

By Greg Ryan on October 20, 2020

JPMorgan Chase & Co. announced Tuesday that it is giving $7 million to a group of local schools, nonprofits and government agencies to better prepare young people, particularly in Black and Latinx communities, for in-demand careers.

Boston-based EdVestors will coordinate the work of the eight partners, which will share in the $7 million. They include educational institutions Boston Public Schools, Bunker Hill Community College and the University of Massachusetts Boston; nonprofits Boston Private Industry Council and the Boston Foundation; and the Massachusetts Executive Office of Education and the city of Boston’s Office of Workforce Development.

The New York-based banking giant (NYSE: JPM) is making similar $7 million commitments in four other cities on Tuesday: Columbus, Dallas, Indianapolis and Nashville.

“Too many young people — especially in Black and Latinx communities — are being left behind without the education, skills and experience needed to get good jobs,” JPMorgan Chase CEO Jamie Dimon said in a statement.

Read more via the Boston Business Journal >>