Continuing its commitment to workforce readiness and helping underserved youth obtain the skills necessary to build lasting careers, JPMorgan Chase & Co. (NYSE:JPM) today announced a commitment of $5 million over the next two years to summer youth employment initiatives across the U.S. This commitment expects to fund summer jobs for more than 4,000 teenagers and young adults as well as learning opportunities in the fields of science, technology, engineering, arts and math for 20,000 13- to 24-year-olds. The firm’s employees will also volunteer their time with nonprofit partners to provide financial capability coaching sessions and introductory coding skills training to participating youth.
Secretary Hillary Rodham Clinton, who is prioritizing youth employment as one of the key issues for her work at the Clinton Foundation, announced JPMorgan Chase’s Commitment to Action at the 2014 Clinton Global Initiative America meeting.
“Great American companies are committing to expanding training, hiring, and mentoring youth, and to encourage other businesses to step up as well,” said Former Secretary Hillary Rodham Clinton. “JPMorgan Chase will invest $5 million over the next two years to fund 4,000 summer jobs in 14 cities and to offer work readiness opportunities to another 20,000 young people.”
Peter L. Scher, Executive Vice President and Head of Corporate Responsibility for JPMorgan Chase, joined Secretary Clinton in Denver for the announcement. Scher said, “Ensuring that young people have the skills they need to succeed is a national priority. JPMorgan Chase is proud to work with the Clinton Foundation, city leaders and nonprofit partners to train and employ our youth. Investing in skills is the right thing for their future and for the future of our country.”
In 2014, the firm is working with mayors, nonprofit organizations and other private sector employers in 14 cities – Chicago, Dallas, Detroit, Jacksonville, Jersey City, Los Angeles, Louisville, Miami, Milwaukee, New York City, Oakland, San Francisco, Seattle and St. Louis – to engage youth during their summer break to help expand employment among young adults and provide opportunities for at-risk youth to develop skills that will put them on a career pathway.