JPMorgan Chase will provide $18 million in grants over the next five years to nonprofit groups providing job training in California, with programs for high school and community college students among the first recipients, the financial firm announced this week.
The Sacramento-based Linked Learning Alliance and the Foundation for California Community Colleges will receive $1.2 million this year to promote high school programs that integrate academics with real-world work experience, JPMorgan announced. The money will help the groups develop LaunchPath, an online tool that will connect high school and community college students with employers willing to host internships, said Linked Learning Alliance Executive Director Christopher Cabaldon.
The money was awarded under JP Morgan’s New Skills at Work initiative, a $250 million grant program launched in 2013 to fund efforts to eliminate the nation’s “skills gap” – the gap between the number of jobs available in industries such as health care and advanced manufacturing and the number of workers who are trained in those fields.
JP Morgan chase will make $8 million in grants available in Northern California and $10 million available in Southern California under the effort; the money will be doled out over the next five years.
The first batch of California grant recipients, whose awards totaled about $2.4 million, were unveiled this week.
Nonprofit agencies receiving grants include Year Up Bay Area, which received $200,000 to support its job training programs for low-income adults between 18 and 24; and the California Academy of Sciences in San Francisco, which will use its $333,000 grant to support its science-based Teacher Education Program.
Additional grants will be announced later in the year.
Other recipients of the first round of funding are:
- San Francisco Foundation, $200,000
- Bay Area Workforce Funders Collaborative, $100,000
- LA Chamber Foundation, $300,000
- YWCA of Greater Los Angeles, $100,000
- LA Conservation Corps, $200,000
- LA Business Council Institute, $100,000
- Los Angeles Urban League Business and Career WorkSource Center, $75,000