JPMorgan Chase is one of LISC’s earliest and longest standing partners, providing over $3 billion in grants, loans, and equity since 1980 to advance our shared vision – one in which all communities have the opportunity to thrive.
We are thrilled to continue our partnership with a recent one-year, $1.2 million investment from JPMorgan Chase to catalyze opportunity in 12 cities – a key component of which will include the advancement of our national Financial Opportunity Center (FOC) model, LISC’s primary means of increasing economic opportunity for individuals with low incomes.
LISC’s FOC model helps individuals and families achieve financial stability by delivering integrated services across three areas: 1) employment placement, job retention, and skill improvement; 2) financial coaching and education; and 3) access to income supports. Building on the FOC platform, LISC recently developed Bridges to Career Opportunities (Bridges) to help clients ramp up foundational literacy and math skills, get technical training, and pursue industry certifications that make them attractive candidates for jobs in in-demand local industries. Bridges is an important addition to the FOC model, as it responds to the chronic problem of low-wage stagnation among hard-to-employ, unskilled workers.
Thanks to JPMorgan Chase’s support, we will serve 11,000 individuals through 42 FOCs (19 of which have integrated Bridges into their service platform) across our shared markets.
“At JPMorgan Chase, we believe more people should have access to opportunity and the chance to move up the economic ladder,” said Naomi Camper, head of the Office of Nonprofit Engagement at JPMorgan Chase. “Our collaboration with LISC helps advance our mission by connecting people to FOCs so they can access wraparound services that promote financial health.”
LISC is grateful for JPMorgan Chase’s dedication to helping people find a pathway to economic inclusion.
JPMorgan Chase works to increase economic opportunity by using its global scale, talent and resources to invest in and promote jobs and skills, small business expansion, financial health, and neighborhood revitalization.