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JPMorgan Chase becomes largest new WorkReady Philadelphia investor with $150,000 grant to support summer employment

JPMorgan Chase joins citywide effort towards improving outcomes for youth

Category: WorkReady | Mar 24, 2016

PHILADELPHIA (March 24, 2016) – The Philadelphia Youth Network (PYN) today announced that JPMorgan Chase & Co. has awarded them a $150,000 grant to support 2016 WorkReady summer employment programs, making them the largest new investor in WorkReady Philadelphia.

WorkReady Philadelphia is a citywide, cross-sector campaign focused on creating systemic approaches to address the skills gap for vulnerable youth. One of the hallmarks of WorkReady Philadelphia is the summer employment program, which combines paid summer employment opportunities with formal and informal educational programs, training, and support in order to increase young people’s future employment prospects and academic success.

“Summer youth employment provides young adults with more than just a paycheck, it provides an economic on-ramp to successful careers and brighter futures,” said Peter Scher, Head of Corporate Responsibility, JPMorgan Chase. “We are proud to support PYN and the economic opportunities they are helping create for Philadelphia’s next generation.”

PYN is rising to Mayor James Kenney’s challenge, which he announced earlier this month, to unite business and philanthropic organizations around efforts to increase youth employment throughout Philadelphia.

“In order to strengthen Philadelphia both socially and fiscally, we must have a workforce that is trained and prepared to work in the 21st century," said Mayor Kenney. “We have to work with our businesses to identify the skills, certifications, and training needed to enter the workforce, and prepare our young people to meet those needs.”

The WorkReady program serves Philadelphia youth ages 12-24 and runs for six weeks, providing 120 hours of workforce preparation through one of four program models: career exposure, service-learning, work experience, and internships. Each model challenges youth to understand the correlations between variables such as work experience, skill attainment and high school completion and how these variables impact their potential for college and career success. JPMorgan Chase’s grant will provide summer jobs for approximately 90 young people in Philadelphia.

“Summer employment programs offer an opportunity for young people to develop valuable skills; gain familiarity with expected workplace behaviors and basic customer service skills and create networks with caring adults who can provide guidance on workplace expectations,” said Chekemma Fulmore-Townsend, President and CEO the Philadelphia Youth Network. “We are honored to receive this grant and continue working towards a brighter future for Philadelphia’s youth.”

Additionally this summer, PYN will work to educate youth participants about democracy and government through a partnership with the Democratic National Convention. With support from JPMorgan Chase, young people in the summer youth employment program, will benefit from opportunities to engage in service projects and to hear from elected and community leaders about the importance of contributing in their community through voting and civic participation. 

“The Host Committee is committed to having a lasting impact on Philadelphia and its residents, and the partnership between JPMorgan Chase, Philadelphia Youth Network and Mayor Kenney's administration is the perfect example of how the public and private sectors can come together and support our communities," said former Pennsylvania Governor and Host Committee Chair Ed Rendell. "Summer youth employment programs like WorkReady are critical for Philadelphia's youth, and we are thrilled to be able to play a role in bringing such unique, valuable experiences to them this summer."

Learn more about WorkReady Philadelphia by visiting online at www.workready.org.

 

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