SACRAMENTO -- Officials of JPMorgan Chase will join public officials in Sacramento on Thursday to formally announce an $8 million, five-year Chase commitment to various Northern California nonprofits to foster job skills and work force readiness.
Chase's regional assistance includes a previously announced $1.2 million grant to the Linked Learning Alliance and the Foundation for California Community Colleges, both in Sacramento.
The Northern California effort is part of Chase's five-year, $250 million global "New Skills at Work" initiative launched in December 2013.
Chase touts New Skills at Work as the all-time largest private-sector effort aimed at addressing what is characterized as a skills gap across various industries, including health care and advanced manufacturing.
The initiative's primary goal is providing trained workers with the specific skills needed to fill available jobs.
The Linked Learning Alliance is a coalition of education, industry and community organizations dedicated to improving California's high schools and preparing students for success through strong academics, career-based learning and real-world workplace experiences. The nonprofit Foundation for California Community Colleges aims to support and enhance the California community college system.
The foundation and its partners manage donations, grants, programs and other education-related services.