JPMorganChase Delivers Major Boost to Ohio’s Workforce Through Formation of New Regional Workforce Collaborative

Today, JPMorganChase announced its support of a newly-formed regional workforce collaborative that will strengthen the Columbus Region’s economy by breaking down obstacles to employment, advancing equity, and equipping job-seekers with the skills and experience needed to thrive. The collaborative, funded by a $2.1 million commitment from JPMorganChase, will enable five organizations to better align the Columbus Region’s workforce system to address employment disparities, enhance workforce development, and create an environment where diverse individuals and families can fully benefit from the region's economic growth. The funds will be distributed amongst the organizations to support their involvement and initiatives within the collaborative.

Led by One Columbus, central Ohio’s leading economic development organization, the new workforce collaborative will convene business, education, community, and elected leaders for facilitated discussions to modernize the regional workforce system strategy. Its focus will be on emerging industries that demand highly technical skills. Specifically, the collaborative will develop:

• A landscape assessment of regional attributes and case studies of successes and pitfalls
• A regional workforce roadmap that articulates business needs and priorities
• Data and research on the needs of diverse community members
• A comprehensive workforce system plan, with robust community input, identifying strategic implementation steps, critical partners, and potential resource alignment

“Today’s announcement will help to ensure the Columbus workforce is equipped with the knowledge, skills and experience needed to compete for high-quality careers in emerging industries, ” said Tim Berry, Global Head of Corporate Responsibility and Chairman of the Mid-Atlantic Region for JPMorganChase. “Drawing on our experience, we know it’s critically important to bring the right local stakeholders together to ensure the workforce has the skills needed to meet the evolving needs of the region.”

The Columbus Region is one of the fastest-growing economies in the nation. However, like many urban areas, the available job opportunities have not been equitably shared among all workers and residents, leading to a racial wealth divide. The workforce collaborative announced today will help address this challenge by preparing individuals for jobs that can jump-start careers.

“As an employer with such a long-standing history in Columbus, we’re proud to deepen our investment in the region by joining forces with some of our city’s leading business and community organizations to create a more prosperous and inclusive workforce,” said Corrine Burger, Columbus Location Leader for JPMorganChase. “Together, we’re making a difference and ensuring that every resident can thrive.”

“When it comes to workforce training, the Columbus Region is program-rich, but by addressing skill gaps within our workforce, we can advance opportunity for all residents,” said Kenny McDonald, president and CEO of the Columbus Partnership. “This new commitment from JPMorganChase will go a long way toward helping us strengthen the systems and strategies that will improve our workforce for both employers and employees.”

Partners include:

• One Columbus Foundation: One Columbus will lead the integration of workforce efforts across the region, aligning regional initiatives to meet the needs of emerging industries. By facilitating collaboration among businesses, educational institutions, and workforce partners, One Columbus will develop a more cohesive system that supports sustainable economic growth, enhances skill development, and ensures equitable access to job opportunities for all residents.
• Columbus City Schools District: Columbus City Schools will support this project by ensuring connectivity between their high school redesign work and the opportunities and skills articulated by the business community throughout the process.
• NationSwell: NationSwell will support OneColumbus with the overall project design, conducting research on challenges and opportunities, facilitating convenings, and developing key assets, including a regional workforce system roadmap.
• Ohio Excels: Ohio Excels will provide project management support to One Columbus, ensuring alignment, coordination, and communication among all grant partners throughout the process.
• Zora’s House: Graduates of Zora’s House Women of Color Equity in Design Institute (WECDI)—a program that upskills participants in design thinking skills and then embeds them in critical community conversations and projects to ensure that the lived experiences of women of color are adequately engaged and informing the work—will develop processes to ensure that the voices and experiences of women of color—the fastest-growing population segment in our region—are adequately addressed in strategy planning and design.

JPMorganChase in Ohio

JPMorganChase has a 155-year long history serving Columbus and has committed $11 million over the last five years to strengthening career pathways for Central Ohio residents. As one of the state’s largest private employers, JPMorganChase is proud to serve more than 18,000 employees, 725,000 consumer customers, and 59,000 business customers. As leaders in business, the firm works in partnership with local government officials, businesses, and nonprofits to advance inclusive economic growth and drive a stronger, more inclusive economy.

About JPMorganChase

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 $4.1 trillion in assets and $341 billion in stockholders’ equity as of June 30, 2024. 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