Pair Offer Academic, Career Preparation for 35,000 Youth
July 30, 2020
JPMorgan Chase has invested $180,000 to ExpandED Options, and New York City Summer Bridge Program as part of its summer youth employment commitment. Over 35,000 NYC youth will benefit.
“Without intentional interventions, we know that systemic racial inequities, made worse by the current pandemic and economic crisis, will have a disproportionate and long-lasting impact on New York City’s youth,” said Abby Marquand, Program Officer, Global Philanthropy, JPMorgan Chase. “That’s why we at JPMorgan Chase are committed to supporting summer programs and the opportunity our City’s young people deserve for high quality, paid, career-oriented summer experiences.”
ExpandEd Options has built out an innovative approach to virtual, credit-bearing programming in response to the COVID-19 crisis, by partnering with 10 apprenticeship providers to create and support high school credit-worthy programming. Participating students are recruited into the program through a process designed to simulate a professional hiring process, including an online application and formal interview.
Chase’s commitment will help ExpandED Options work with its program sites to create virtual career readiness webinars and curricula. ExpandED Options is also creating plans for a more intensive apprenticeship programming to provide additional resources for students should schools continue to operate virtually in the fall.
SYEP Summer Bridge 2020 is a public-private partnership that will provide constructive engagement and enrichment activities to keep 35,000 New York City youth active and productive this summer. The program engages teens in a series of career exploration and project-based learning activities that will help them build their skills and prepare them for their next steps in the fall.
Summer Bridge 2020 will offer approximately 60-90 hours of activities over a five-week period. The program will prioritize low-income, justice-involved, foster care, runaway and homeless, NYCHA residents and young adults from communities hit hardest by the pandemic.
JPMorgan Chase is helping more than 20 U.S. cities prepare thousands of young people for the future of work through new approaches to Summer Youth Employment Programs (SYEP) in response to the COVID-19 crisis and this moment of change in the U.S.. Working closely with cities and non-profit partners, this $3 million investment will help ensure the accessibility of SYEPs during the pandemic, leading to more career and learning opportunities for young people. The investment builds on the firm’s response to COVID-19 and is part of the firm’s five-year commitment to helping U.S. cities increase the number of young people with access to quality summer work experiences that guide them on a path to greater economic mobility.
Concerns About Lag In Response Due To Loan Application Volume