Carson City, NV January 11, 2017
JPMORGAN CHASE AND CCSSO SELECT NEVADA AS RECIPIENT OF COMPETITIVE NEW SKILLS FOR YOUTH GRANT TO IMPROVE ACCESS TO SKILLS-BASED EDUCATION AND TRAINING FOR HIGH-SKILL, WELL-PAYING CAREERS
Today, the Council of Chief State School Officers (CCSSO) and JPMorgan Chase & Co. announced Nevada as one of just 10 states to receive a $2 million grant to strengthen and expand career-education pathways for our state’s students.
The grant is aimed at strengthening career-focused education starting in high school and ending with postsecondary degrees or credentials aligned with high-skill, well-paying careers. It will be distributed over the next three years and is part of the $75 million, five-year New Skills for Youth initiative developed by JPMorgan Chase, in collaboration with CCSSO and Advance CTE.
“Nevada was hit harder than any state in the nation by the Great Recession,” Nevada Governor Brian Sandoval said. “That’s why my strategic priorities when I took office were to build a vibrant and sustainable economy in addition to ensuring we have an educated and healthy citizenry. The New Skills for Youth Grant is another wonderful resource that will help Nevada refocus and transform its economy.”
An unprecedented coalition of stakeholders came together to apply for this grant including the Nevada Department of Education; the Nevada Department of Employment, Training and Rehabilitation; the Nevada System of Higher Education; the Office of Workforce Innovation; the Governor’s Office of Economic Development; the Las Vegas Global Economic Alliance and several partners in industry.
“The New Skills for Youth Grant will provide additional support to Nevada and ensure our students gain the skills necessary to compete for jobs in the emerging new Nevada economy,” said Steve Canavero, Ph.D., Nevada Superintendent of Public Instruction. “It ensures that our education system and agencies across the state are aligned with the demands of industry. By working together there will be an increase in the number of students completing relevant and effective career pathways in high demand and high skill areas.”
Nevada received the competitive grant from the New Skills for Youth initiative after a rigorous review process, which included examination of Nevada’s plan to transform how it designs and develops career preparedness education programs. The grant aligns with the Governor’s workforce priority and will assist the state in three key ways including:
- Centralize the disparate parts of Nevada’s workforce delivery system by codifying the Office of Workforce Innovation in statute to drive and coordinate workforce development efforts across agencies, employers, and other actors
- Strengthen career pathways by expanding and replicating quality programs, particularly in underperforming and rural schools
- Improve the effectiveness of the career guidance system and raise awareness about different ways to access career pathways
“We’re committed to helping Nevada’s young people gain the skills they need to get good jobs and pursue meaningful careers that will meet employer needs in the state’s growing economy,” said Megan Ackaert, a JPMorgan Chase Market Executive for Nevada. “This grant will help Nevada expand career pathways for students to achieve employment success.”
In March 2016, JPMorgan Chase and CCSSO awarded Nevada a $100,000 grant as part of the first phase of the New Skills for Youth initiative for planning and early implementation of long-term career readiness education programs that align with the needs of Nevada employers. In total, 24 states and the District of Columbia received Phase I grants.
The grant awarded today represents the second phase of the New Skills for Youth initiative, which provides 10 of the original 24 recipients with funding to execute the career-readiness plans they developed during the first phase.
The Council of Chief State School Officers (CCSSO) is a nonpartisan, nationwide, nonprofit organization of public officials who head departments of elementary and secondary education in the states, the District of Columbia, the Department of Defense Education Activity, and five U.S. extra-state jurisdictions. CCSSO provides leadership, advocacy, and technical assistance on major educational issues. The Council seeks member consensus on major educational issues and expresses their views to civic and professional organizations, federal agencies, Congress and the public.
About JPMorgan Chase & Co.
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.5 trillion and operations worldwide. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. The firm uses its global resources, expertise, insights and scale to address some of the most urgent challenges facing communities around the world including the need for increased economic opportunity. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.