Money Matters: More than $1.5M invested in workforce development, specialized training

By Sabrina Vourvoulias

1. JP Morgan Chase awards $1.5 million for expansion of UCD’s skills initiative.

JPMorgan Chase & Co announced it will be investing $1.5 million over two years with University City District (UCD) to help expand job training now only available to West Philadelphians through UCD’s West Philadelphia Skills Initiative (WPSI). WPSI — which began in 2011 to help bridge the gap between West Philadelphia residents seeking employment and local employers looking for talent — operates like a talent management consultancy. Through deep employer engagement, it connect jobseekers to careers with growth opportunities while helping employers improve recruitment, turnover and performance.

The funding from JPMC will allow the program to scale the model and expand to North and South Philadelphia, in partnership with Temple University and the Philadelphia Industrial Development Corporation (PIDC).

“The remarkable support from JP Morgan Chase allows University City District to expand a proven model that transforms lives and workplaces,” said Matt Bergheiser, president of UCD. “Together with incredible partners we will engage employers and build job training pipelines that lead to life-changing careers.”

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