New initiative to tackle the youth unemployment crisis

January 19, 2016

Earlier today, JPMorgan Chase & Co. announced the New Skills for Youth initiative, a $75 million program designed to address the youth employment crisis and to increase the number of young people who complete career pathways that begin in high school and end with credentials aligned with good-paying, high-demand jobs.

NSC Board Member Brenda Dann-Messier is on the New Skills for Youth Global Advisory Committee while NSC’s Chief Executive Officer, Andy Van Kleunen, will serve on the Career Readiness Advisory Committee.

Under the new initiative, JPMorgan Chase is partnering with the Council of Chief State School Officers and the National Association of State Directors of Career Technical Education Consortium to offer $35 million in grant funding to help leading states turn their visions for improving career readiness education into a reality. During Phase I (Spring 2016), approximately 20-25 states will receive grants of $100,000 for planning and early implementation of long-term career readiness education programs that align with the needs of area employers. In Phase II (Fall 2016), approximately 10 states will receive grants of $1.5 million to $2 million over three years to implement and assess their demand-driven career and technical education programs.  The deadline to apply for the first phase of grants is 5 p.m. ET on March 2, 2016.

JPMorgan Chase has been a long-time partner of National Skills Coalition and their work mirrors our commitment to pushing for changes in the way states and localities think about their labor markets, expanding the range of people who can be trained to fill open middle-skilled jobs in regional economies, and realizing better alignment of workforce and education policies. They are a supporter of several of key NSC initiatives, including the State Workforce and Education Alignment Project (SWEAP) as well as Business Leaders United for Workforce Partnerships (BLU).

NSC is excited to further build upon our partnership under the New Skills for Youth initiative. Visit the JPMorgan Chase website to learn more about the New Skills for Youth initiative and read a special column by JPMorgan Chase Chairman and CEO Jamie Dimon and University of Maryland-Baltimore County President Freeman Hrabowski, then click here to learn more about how to apply from the Council of Chief State School Officers.