JPMorgan Chase & Co. said it is committing $5 million over three years to help close the workforce skills gap in Miami, as part of its global New Skills at Work program — a $250 million private sector investment it announced last year.
The banking giant said the funds will be used to produce “hard data reports” that will show where the most pressing skills demands exist among area employers. The money will also support nonprofit and academic organizations, including two-year and vocational training programs, to accelerate training programs, and to provide education to help workers be ready to meet those demands. In addition, the funds will be used to help employers to better promote the qualifications they seek among area talent, JPMorgan Chase said.
Miami is one of 10 initial focus markets identified as part of the investment. Sen. Mel Martinez, Southeast chairman for JPMorgan Chase, will announce the commitment on Friday during a panel discussion at Miami Dade College’s Wolfson Campus.
Working with partners like the Beacon Council’s One Community One Goal, CareerSource South Florida and others locally, Miami’s focus will be on helping the long-term unemployed and newcomers into the talent pool, including recent graduates, the bank said.