JPMorgan Chase Announces $6 Million to Prepare South Bronx Youth for High-Demand Jobs
JPMorgan Chase & Co. today announced a $6 million commitment to expand young people’s access to economic opportunity in the South Bronx. As growing industries in the city require a more skilled workforce, this initiative will establish an innovative system that connects career and technical education schools in the South Bronx to key employers in New York City. The investment will help drive change and is designed to increase dramatically the number of young people graduating from South Bronx high schools with opportunities to secure well-paying, high-demand jobs.
While the unemployment rate in the Bronx is below six percent for the first time, more than four in 10 South Bronx residents do not have a high school diploma and 23 percent of young people are out of school and out of work. This has pushed half of employed young people into low-paying jobs that limit their financial futures...