“What we have here is a chance to marry opportunity and talent” says Anne Motsenbocker, head of Middle Market Banking for Texas at JPMorgan Chase, which announced a $3 million New Skills for Youth investment in the Commit Partnership to run the Promise recently as part of the company’s $350 million commitment to support skill building and job training.
At its core, the Promise is about ensuring more Dallas County residents gain access to the growing North Texas economy, explains Katrina James, Managing Director of the Dallas County Promise. “There is tremendous economic growth and opportunity in Dallas for individuals who have the credentials and skills to access it. Increasingly, students who are economically disadvantaged are excluded from these opportunities.”
In fact, while the Dallas region consistently ranks among the top metro areas in employment growth, a 2018 Georgetown University study found that the lifetime median income of high school graduates was a whopping 83% less than those who held a bachelor’s degree. However, a high school grad who works in computers, and adds either a certificate or some college, will earn more over their lifetime than someone with a bachelor’s. Sadly many students are missing this critical requirement to securing quality jobs in in-demand fields like healthcare and technology, jobs which can pay over $20 an hour an offer meaningful opportunities for career progression.
Companies like JPMorgan Chase recognize the challenge and are working with the Dallas community to find solutions. Since 2014 JPMorgan Chase has committed more than $10 million to skills-related training in Dallas alone“It’s exciting to see the region’s growth and strong economy. But, it’s heartbreaking to know this growth and opportunity isn’t distributed equally,” says Motsenbocker. “We owe it to our young people to give them a chance to hit the ground running.”
Sanchez, for one, is getting that chance. The Promise program will fully fund her tuition at El Centro College. Though she will have an hour-long commute each way, she chose the school because it is home to DCCCD’s oldest nursing program and has established relationships with many of the county’s best hospitals.
“That’s what I want to do. Go to a really good school like El Centro and prepare before I transfer to a university,” says Sanchez. “With Promise pledge, I can do that, so when I am working I can save that money to move on to a university. Then I can become a nurse and make enough money that if I want to, I can save to go back to school to become a doctor.”
Learn more about JPMorgan Chase’s commitment to helping youth obtain high-quality training and skills.