Transforming Career and Technical Education
Around the World
Failing to prepare young people with the right skills and education to compete for good jobs is not just a missed opportunity for them — it’s a missed opportunity for businesses to hire the talent they need to grow and compete. That’s why, in 2016, JPMorgan Chase launched New Skills for Youth, a $75 million global initiative to expand high-quality career-focused education programs that lead to well-paying jobs and long-term careers.
As part of the initiative, we launched a competition — in collaboration with the Council of Chief State School Officers (CCSSO) and Advance CTE, the association of state Career and Technical Education directors — to award U.S. states with funding to expand and improve career-focused education.
In 2016 JPMorgan Chase and CCSSO committed $100,000 to each of the 24 states and the District of Columbia, which were selected from a total of 44 states that applied. These states also received targeted coaching and support to begin implementing these programs.
In the second phase of the initiative, in January 2017 we announced $20 million in grants to 10 states to dramatically increase the number of students who graduate from high school prepared for careers. The winning states — which were selected from the original 24 state winners — were Delaware, Kentucky, Louisiana, Massachusetts, Nevada, Ohio, Oklahoma, Rhode Island, Tennessee and Wisconsin.
We are also supporting innovative career and technical education programs around the world. In 2016, for example, we launched a program with the nonprofit Education Development Center to help young people in the Association of Southeast Asian Nations gain the skills in demand in the region’s dynamic digital economy. In the United Kingdom, JPMorgan Chase and the Education Endowment Foundation launched an initiative to help young people improve their English and mathematics attainment — a crucial step for progressing their studies, whether toward higher education or high-level apprenticeships, and finding quality jobs.
INVESTING IN APPRENTICESHIPS IN COLORADO
By providing students with hands-on instruction and the chance to earn while they learn, apprenticeships are a time-tested and proven model to help young people get on the path to secure, well-paying employment. We know apprenticeships work; we just need to give more young people the opportunity to get on the path they provide.
JPMorgan Chase and Bloomberg Philanthropies have together committed $9.5 million to CareerWise Colorado, a new statewide apprenticeship system for high school students, and Denver Public Schools’ CareerConnect.
JPMorgan Chase’s support will enable CareerConnect to expand its program, which currently helps more than 6,000 Denver students develop skills and education for opportunities in Colorado’s engineering, tech, biomedical, advanced manufacturing and finance industries. With the funding, the program plans to reach 9,000 students over the next three years.
Our support will also enable the piloting of a bold new apprenticeship model in the state. Called CareerResidency, the program links with high school curriculum (grades 9 to 12) and CareerConnect experiential learning programs, adds a 13th year, and culminates in a full transferrable associate’s degree and relevant industry certifications. In years 12 and 13, students spend three days a week at a worksite — earning while they learn — and two days at a training center, such as a community college.
CREATING CAREER PATHWAYS IN LOUISIANA
Aligning education with career pathways can have a profound impact on young people’s lifelong economic trajectories. JPMorgan Chase and Bloomberg Philanthropies have joined forces to open this opportunity to more young people in the Greater New Orleans region, home to the third-largest population of disconnected youth in the United States, with nearly one in five young people neither working nor in school.
We are providing a combined $7.5 million to YouthForce NOLA, a collaboration of community and education leaders working to help the city’s public high schools redesign their career and technical education programming. YouthForce NOLA is offering coursework, credentials and work-based learning experiences to students that put them on a pathway to developing the skills and knowledge to pursue well-paying jobs in high demand fields.
Specifically, over the next five years, this support will allow YouthForce NOLA to help 1,600 students earn credentials that will qualify them for career pathways, and place 1,200 students in paid internships in fast growing regional industries.