$350M initiative to help prepare for future of work

JPMorgan Chase has announced a new $350 million, five-year global initiative intended to meet the growing demand for skilled workers. The New Skills at Work investment will support community college and other non-traditional career pathway programs. It focuses on creating economic mobility and career pathways for underserved populations, as well as helping to forecast emerging skillsets for JPMorgan Chase employees.

The initiative includes $200 million to help prepare individuals for the future of work by developing and piloting innovative new education and training programs aligned with high-demand digital and technical skills. Philanthropic investments are planned for programs that are proven to help more people, such as women, people of color, veterans, and returning citizens, secure in-demand, good jobs. 

Another $125 million is targeted to strengthen education and training systems that are necessary to improve collaboration and communication between employers and educators, including community colleges. JPMorgan Chase will also partner with the Aspen Institute’s College Excellence Program to build the next generation of diverse community college leaders. 

Labor market data and research that should aid in government and business efforts in directing their investments to the education and training programs that most effectively lift people out of low-wage jobs and into good careers in their communities will be supported by a $25 million investment.