May 26, 2017
JPMorgan Announces $100K Investment for Boston's Youth Employment Program
On May 22, the PIC joined representatives from JPMorgan Chase & Co. at Brigham and Women's Hopsital (BWH) for a round-table discussion of the company's recent $17 million investment in youth employment programs nationwide. In Boston, JPMorgan Chase contributed $100,000 to the PIC's youth employment program. Specifically, the funding will be used to place 20 students in subsidized positions at community-based organizations this summer, where they will gain valuable skills that will equip them to achieve future academic and career success. These professional skills will be reinforced during the school year through PIC-organized career readiness experiences such as meeting professionals for practice interviews and workplace tours. In a multi-year effort, these students will be eligible and prepared to compete for unsubsidized private sector internships during summer 2018.
The round-table included a panel with Jamie Dimon, Chairman and CEO of JPMorgan Chase & Co., Lieutenant Governor of Massachusetts Karyn Polito, Dr. Betsy Nabel, President of Brigham Health, Ken Montgomery, First VP and COO of the Boston Federal Reserve and PIC Board Chair, and Trinh Nguyen, Director of the Mayor's Office of Workforce Development. Also in attendance were current participants and alumni of BWH's Student Success Jobs Program.
Dimon discussed the role that private sector companies must play in developing the future workforce. A common thread among panelists was the need for collaboration in the face of workforce gaps. Companies, community organizations, educators, and legislators must work together to ensure that individuals have the knowledge and skills to fill open positions and that businesses have sustainable talent pipelines.