JPMorgan Chase Commits $2.3 Million to NPower to Prepare More than 700 Veterans for High-Quality Technology Jobs
New Philanthropic Investment to Provide Professional Development and Skills Training for Veterans in San Jose, CA, Jersey City, NJ and Dallas, TX
JPMorgan Chase 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.
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“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:
- Tech Fundamentals: Over 260 hours of hands-on classroom curriculum, 220 hours of paid technology-based internships and 60 hours of soft skills professional development.
- Cybersecurity: 14 to 18 weeks of training, including over 50 hours of professional development, and 12 weeks of paid internships with leading, collaborating companies like Federal Reserve Bank, KPMG, Broadridge and TD Ameritrade.
- Coding: 13 weeks of three-day, instructor-led training, professional development and online learning and labs to learn the fundamentals of coding.
Specifically, the program in San Jose, CA will receive $275,000, Jersey City, NJ will receive $580,000 and Dallas, TX will receive $884,000 over two-years.
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“As a former Marine and Combat veteran, with a wife and three children we had lost everything. NPower offered me much more than I could have ever hoped for and they made me feel as if my service to this country was truly appreciated. I got the tools necessary to start a promising career that would help financially secure my family’s future,” says Ivan Alvarado, NPower graduate and Associate Technology Support Analyst at Deloitte.
JPMorgan Chase & Co.is a leading global financial services firm with assets of $2.8 trillion and operations worldwide. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of customers in the United States and many of the world’s most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands.
NPower is a national nonprofit that offers free tech training and is focused on enhancing the economic situations of veterans and young adults from underserved communities by placing them in quality tech jobs. Students who graduate from their six-month program earn industry-recognized certifications and the same knowledge as an IT professional with one to two years of experience. NPower also places students in paid internships with corporate and nonprofit organizations through which most graduates get a full-time job. The nonprofit is boosting economic growth not only at the individual level but also at the national level. It is improving the American labor economy and leading the shift towards tech labor.
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