JPMorgan Chase Commits $2.3 Million to NPower to Prepare More than 700 Veterans for High-Quality Technology Jobs
NEW YORK--(BUSINESS WIRE)--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...