JPMorgan Chase & CO. invests $250,000 in One Community Goal Toward Workforce Development Push
Banking firm selects Beacon Council initiative as lead partner of its New Skills at Work program
Miami, July 23, 2014 – Jobs and workforce development opportunities to build a talent pipeline for the seven high-growth industries identified through One Community One Goal are the focus of a new $250,000 investment from JPMorgan Chase & Co. The funds will go toward activities and programs to closely align the talent supply and demand sectors in the next 24 months, and are the first local partnership under the banking firm's New Skills at Work program that will invest $5 million in Miami.
The new investment was announced during the One Community One Goal update delivered by the Beacon Council on July 23, and is directed at building a demand-driven system that will:
- Position Beacon Council to participate in the development of updated Workforce Readiness Gap Reports and work with industry to identify ways to address the gaps
- Partner with Miami Dade County Public Schools to deepen the National Academy Foundations' local career tracks efforts against the seven target industries.
- Invest in the creation of the talent development portal managed by OCOG to connect employers and students by spring 2015.
The objectives of the investment are first to deliver the data needed to from the readiness reports, and use the findings to develop more student internship opportunities, industry-specific training for each teachers and students, employer training, and career and leadership development opportunities for youth, over the next 24 months.
"A strong workforce leads to a strong economy and we are investing in the future of Miami," said Guillermo Castillo, market leader for JPMorgan Chase in South Florida. "If we focus on helping more people locally be ready to participate in the growth industries we have decided to focus on, we will help increase prosperity in our community."
This year, the firm announced its goal to close the skills gap under the New Skills at Work program to build a demand-driven system, invest in training, and rely on data to help workers globally be better prepared for in-demand jobs, and employers and training providers be better equipped to help those workers. In May, New Skills at Work announced a $5 million investment in Miami over the next 5 years.
"This investment is perfectly aligned with The Beacon Council One Community One Goal plan," The Beacon Council President & CEO Larry K. Williams said. "We look forward to partnering with JPMorgan Chase for this important effort and applaud their dedication to our community."