New philanthropic investment to provide
professional development and skills training for veterans in San
Jose, CA, Jersey City, NJ and Dallas, TX
JPMorgan Chase today announced a $2.3 million, two-year
commitment to NPower to provide technology-focused job training to
more than 700 veterans in San Jose, CA, Jersey City, NJ and Dallas,
TX. With JPMorgan Chase’s support, NPower will provide in-demand
digital skills training and job placement services to support
veterans in successfully transitioning into the civilian technology
job market in growing areas such as cybersecurity and coding.
As of 2015, 53 percent of post-9/11 veterans will experience
unemployment, with minority veterans having a 44 percent higher
risk of unemployment than non-minority veterans. Meanwhile, there
are over 700,000 unfilled technology jobs in the US, meaning that
digital skills are in high demand. In fact, LinkedIn recently found
that technical skills like cloud computing and artificial
intelligence are what companies need the most in 2019.
“The men and women who serve our country through military
service make sacrifices and commit themselves to excellence in
duty. It is only right that we help make their transition to
civilian careers as successful as possible. At NPower we remain
committed to providing free technology upskilling, professional
development and job placement for our country’s veterans,” says
Bertina Ceccarelli, CEO of NPower. “The resilience, creative
problem solving abilities and technical acumen demonstrated by
veterans make them excellent candidates for high-growth tech
careers; we simply provide the skills and connections they will
need to secure the jobs of the future.”
Building on JPMorgan Chase’s long-standing commitment to
facilitating sustainable, post-service success for veterans and
their families and as part of its $350 million, five-year
commitment to meet the growing demand for skilled workers, the firm
is collaborating with NPower to address the veteran unemployment
rate and prepare veterans with the skills they need for in-demand
technology jobs – where most will experience a 70 to 200 percent
increase in salary.
The $2.3 million philanthropic investment in San Jose, CA,
Jersey City, NJ and Dallas, TX will support veterans in three
training programs:
- Tech Fundamentals: Over 260 hours of hands-on classroom
curriculum, 220 hours of paid technology-based internships and 60
hours of soft skills professional development.
- Cybersecurity: 14 to 18 weeks of training, including over 50
hours of professional development, and 12 weeks of paid internships
with leading, collaborating companies like Federal Reserve Bank,
KPMG, Broadridge and TD Ameritrade.
- Coding: 13 weeks of three-day, instructor-led training,
professional development and online learning and labs to learn the
fundamentals of coding.
Specifically, the program in San Jose, CA will receive $275,000,
Jersey City, NJ will receive $580,000 and Dallas, TX will receive
$884,000 over two-years.
“As a former Marine and Combat veteran, with a wife and three
children we had lost everything. NPower offered me much more than I
could have ever hoped for and they made me feel as if my service to
this country was truly appreciated. I got the tools necessary to
start a promising career that would help financially secure my
family’s future,” says Ivan Alvarado, NPower graduate and Associate
Technology Support Analyst at Deloitte.
In addition to its philanthropic support, JPMorgan Chase
technologists contribute to NPower’s constantly evolving curriculum
to ensure that the material being taught is directly aligned with
the hiring needs of local companies.
A History of Impact
JPMorgan Chase has a long-standing commitment to facilitating
post-service success for veterans and their families through
meaningful employment opportunities, career development and access
to small business resources and other critical support
services.
The firm has hired more than 15,000 veterans since 2011 – more
than 1,800 of which have been hired in Texas. In addition, the firm
leads the Veterans Jobs Mission to promote veteran career success
across major industries in the United States. Boasting more than
200 companies, the coalition has hired over 550,000 veterans and is
working toward hiring 1 million.
“While each veteran’s experience is unique, we find that
employment is often the biggest transition,” says Mark Elliott,
Head of Military and Veterans Affairs at JPMorgan Chase. “We’re
committed to supporting service members as they shift to civilian
life, and we know that securing a well-paying job, and more
importantly the skills for that job, is critical to this
transition.”
This new commitment builds on JPMorgan Chase’s past support for
NPower that has placed over 4,000 veterans and young adults in
foundational and advanced trainings to develop in-demand
skills.
About JPMorgan Chase & Co.
JPMorgan Chase & Co. (NYSE: JPM) is a leading global
financial services firm with assets of $2.8 trillion and operations
worldwide. The Firm is a leader in investment banking, financial
services for consumers and small businesses, commercial banking,
financial transaction processing, and asset management. A component
of the Dow Jones Industrial Average, JPMorgan Chase & Co.
serves millions of customers in the United States and many of the
world’s most prominent corporate, institutional and government
clients under its J.P. Morgan and Chase brands. Information about
JPMorgan Chase & Co. is available at www.jpmorganchase.com.
About NPower
NPower is a national nonprofit that offers free tech training
and is focused on enhancing the economic situations of veterans and
young adults from underserved communities by placing them in
quality tech jobs. Students who graduate from their six-month
program earn industry-recognized certifications and the same
knowledge as an IT professional with one to two years of
experience. NPower also places students in paid internships with
corporate and nonprofit organizations through which most graduates
get a full-time job. The nonprofit is boosting economic growth not
only at the individual level but also at the national level. It is
improving the American labor economy and leading the shift towards
tech labor. To learn more about NPower, visit www.npower.org.
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version on businesswire.com: https://www.businesswire.com/news/home/20191111005084/en/
Media Contacts: National: Mackenzie M. Smith,
mackenzie.m.smith@jpmchase.com Jersey City: Carolyn Evert,
carolyn.evert@chase.com Dallas: Greg Hassell,
Greg.Hassell@chase.com San Jose: Erich Timmerman,
erich.timmerman@jpmchase.com Mark Macias, mmm@maciaspr.com
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