JPMorgan Chase Puts Funding Towards New York Workforce Development
A big bank is dropping big bucks — more than $500,000 — on workforce development in New York City.
JPMorgan Chase Global Philanthropy, the charity arm of the multinational banking and financial services holding company, is spending the money on two new programs targeting workers and small businesses in Brooklyn and the Bronx.
Global Philanthropy is granting $250,000 to the nonprofit Brooklyn Workforce Innovations to help train low-skilled New Yorkers for jobs with small businesses along the Brooklyn waterfront. The jobs are in places such as Industry City and the Brooklyn Navy Yard.
The organization is giving another $330,000 to a trio of city nonprofits that will work with small businesses in the Bronx to improve job quality and staffing.
JPMorgan Chase officials said organizations will receive the funding immediately...