PYN takes the lead in Philadelphia for $20 million summer youth employment commitment
PHILADELPHIA — The Philadelphia Youth Network (PYN) will be receiving a $150,000 grant from JPMorgan Chase & Co. as part of its five-year, $20 million commitment to summer youth employment programs nationwide. This grant will go toward the Philly Summer Jobs Fund, which directly funds work opportunities for young people in Philadelphia through WorkReady Summer.
JPMorgan Chase’s Summer Youth Employment initiative spans across 24 cities and counties nationwide, including the Greater Philadelphia market. This $20 million commitment marks an increase of $3 million from its previous five-year allotment for summer youth employment. The company’s Summer Youth Employment initiative is part of the greater $350 million News Skills at Work investment, a five-year commitment dedicated to supporting non-traditional career pathway programs.
“At JPMorgan Chase, we are invested in using our resources to bridge the opportunity gap,” said Jac Rivers, Vice President, Program Officer, Global Philanthropy at JPMorgan Chase. “Summer youth employment opportunities are one step in preparing young people for the future of work and enabling them to benefit from the growing economy.”
As the Philadelphia economy rebounds from the impact of the COVID-19 pandemic, developing local talent as the future of the workforce has become a major focal point. WorkReady Summer employment programs allow young people in Philadelphia to gain essential skills needed to succeed in the modern workplace within a variety of industries, including technology, education, and more.
This year, PYN seeks to provide 8,000 young people with summer jobs through WorkReady Summer. The grant will help provide opportunities for young people by covering program operating costs for WorkReady program providers and compensation for youth participants, which has increased to $11 per hour (or roughly $1,000 total for incentivized programs) for 2022.
“We are grateful to JPMorgan Chase & Co. for their dedication to funding summer jobs and helping young people develop essential skills for success in school, work and life,” said Chekemma Fulmore Townsend, PYN’s president and CEO. “PYN will use this generous grant to pursue our shared goal of promoting equity in Philadelphia through education and employment.”
WorkReady programs offer 12–24-year-olds in Philadelphia opportunities for workforce preparation. WorkReady School-Year opportunities are available by invitation only. WorkReady Summer programming runs between July and August each year. For many young people, work experiences are a critical first introduction to the world of work. WorkReady Summer provides a variety of program options through our 75+ partner organizations throughout Philadelphia. This summer, the program will offer safe in-person experiences for young people to gain valuable experience and develop critical skills. WorkReady partners and supporters are working to raise awareness and raise funds so that more young people can work this summer. WorkReady is managed by the Philadelphia Youth Network (PYN). For more information, visit www.workready.org/.
The Philadelphia Youth Network (PYN) creates education and employment opportunities for youth and young adults. We believe every young person deserves the chance to cultivate their talents and to achieve their dreams. To make more opportunities available to youth and young adults, we:
For more information, visit www.pyninc.org.
JPMorgan Chase & Co. (NYSE: JPM) is a leading financial services firm based in the United States of America (“U.S.”), with operations worldwide. JPMorgan Chase had $3.7 trillion in assets and $294.1 billion in stockholders’ equity as of December 31, 2021. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. Under the J.P. Morgan and Chase brands, the Firm serves millions of customers in the U.S. and many of the world’s most prominent corporate, institutional and government clients globally. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.