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Heathrow campus becomes one of firm’s key corporate centers in the U.S. with plans to add 300 new jobs over the next two years.
Campus will undergo major renovations to modernize the workplace for its 2,000+ employees.
Firm commits $500,000 to CareerSource Central Florida to provide job training to support the region’s growing semi-conductor industry.
ORLANDO
December 03, 2024
JPMorganChase today announced that it plans to add more than 300 new jobs in the Orlando area as it expands its Heathrow campus to become one of the firm’s key corporate center locations in the U.S. As part of the expansion, the firm is making major renovations to modernize its campus into a state-of-the-art workplace for its more than 2,000 employees. The firm is also committing $500,000 to CareerSource Central Florida to fuel job training to support the region’s growing semi-conductor industry.
With the expansion of its Heathrow campus, JPMorganChase will remain a major employer in the Orlando area. The firm currently has more than 2,400 employees working across all of its businesses in Heathrow, downtown Orlando and its local Chase branches. An independent study found that JPMorganChase contributes more than $1.1 billion in local economic output through its employees and operations, which stimulates an additional 6,000 jobs across several local industries in Central Florida.
The 300 new jobs will increase its local employee base by more than 12 percent, giving the local economy an extra boost. The firm’s Heathrow campus is a major service and operations center for Chase’s consumer banking and card services businesses. The additional jobs will supplement and grow that team, while other newly-created jobs will be part of the firm’s growing Chase Travel business.
“Our employees are the lifeblood of our firm. With these investments, we aim to provide them with an elevated and world-class working environment, as well as new opportunities to grow their careers with us,” said Mike Ashworth, Chief Operations Officer for Consumer & Community Banking at Chase. “We’re proud to invest in this growing region that plays such a strategic role in serving our customers and look forward to seeing our investments in Central Florida come to life.”
The firm’s planned renovations of its 250,000 square-foot Heathrow campus will kick off in early 2025. The same independent study found that the renovations will stimulate more than 400 local construction jobs annually – triggering additional economic activity of $280 million for Orlando and Central Florida. The massive modernization project will provide employees with best-in-class hospitality and workplace experiences, including state-of-the-art technology and furniture, more collaborative and common spaces, a large and modern food hall and many other amenities.
The $500,000 grant to CareerSource Central Florida will address a critical skills need in Osceola County's burgeoning semiconductor industry by providing training to 100 individuals by the end of 2026. The Semiconductor Industry Association projects that 115,000 new semiconductor jobs will be created by 2030, with an estimated 58% of these jobs being unfilled at the current rate of job placement in the industry.
“CareerSource Central Florida is honored to receive this grant from JPMorgan Chase to support the advancement of workforce development for the semiconductor industry,” said Pamela Nabors, President and CEO of CareerSource Central Florida. “The Semiconductor Workforce Development Program is a game-changer for Osceola County and the region, as it addresses the critical skills needs in this rapidly growing industry.”
The growing semiconductor industry is critical to support national security, strengthen domestic supply chains, and create economic opportunities given its near universal use in modern technology. With a high concentration of aviation, aerospace, and defense companies, Central Florida has emerged as a key market for the industry.
In 2022, JPMorganChase committed $325,000 to the Orlando Economic Partnership to produce a report on Orlando’s opportunity to grow its semiconductor manufacturing ecosystem and outline how a skills-based approach to hiring and talent development creates a broader talent pool to draw from. This new support for CareerSource Central Florida is the next step in advancing this industry locally by providing workforce training specifically for that industry.
“The rapid growth of the semiconductor industry in Central Florida is creating new opportunities in a vital sector of the economy,” said John Martinez, Banker at J.P. Morgan Private Bank in Orlando. “Semiconductors are essential to operate everything from your fridge to fighter jets, and as we all saw during the pandemic, much of the supply chain for this critical technology lies outside the United States. Central Florida has a role to play in addressing this issue and JPMorganChase is proud to support getting people the skills they need to succeed in this critical local industry.”
This latest announcement deepens JPMorganChase’s more than 55 year commitment to Central Florida. Across the region, the firm employs more than 2,400 people, serves nearly 900,000 consumer banking customers and ensures its more than 90,000 small business clients have the resources and tools needed to achieve their goals. In addition, since 2019, JPMorganChase has invested $8 million in philanthropic capital to local organizations, reinforcing its commitment to making a sustainable impact in Central Florida communities.
Earlier this year, the bank announced plans to add 13 new Chase branches in Central Florida and the Space Coast, giving the firm more than 100 branches throughout the region. The new branches will support communities throughout the area, including low-to-moderate income, communities along the US27 and I-4 corridors, as well as communities that do not currently have a Chase branch, such as Davenport. By expanding its presence, the firm is helping residents access financial products and services that drive economic mobility.
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
CareerSource Central Florida (CSCF) is a workforce leader in the state of Florida, state and federally funded with an annual operating budget of about $36 million. CSCF provides comprehensive career solutions to job seekers and local businesses by helping them find and hire talent, train and educate workers, and provide innovative workforce intelligence across the Central Florida region. In fiscal year 2023-2024, CSCF served more than 46,000 career seekers and 4,078 businesses. CSCF placed more than 6,400 individuals in jobs and helped advance skills for more than 1,864 career seekers across Lake, Orange, Osceola, Seminole, and Sumter Counties. For more information, visit www.CareerSourceCentralFlorida.com.
Allison Reed
JPMorganChase
Allison.reed@jpmchase.com
Kevin Boland
JPMorganChase
Kevin.boland@jpmchase.com
Emily Kruszewski
CareerSource Central Florida
EKruszewski@careersourcecf.com
