Education Funders

Dallas County Promise to receive $3M in funding from JPMorgan Chase

Written by FWD501cReporter

Dallas County Promise will receive $3M in funding from JPMorgan Chase, as announced in a press release from the corporation earlier this month. The purpose of the investment is to expand access to opportunity in the Dallas region and provide students with necessary education and skills to secure well-paying, high-demand careers in growing local industries. According to the press release, the investment will substantially increase the number of young people graduating from the region’s public high schools with career opportunities in healthcare and information technology sectors. The gift is part of the company’s New Skills for Youth program. Since 2014, the JPMorgan Chase has invested $10 million in skills-related programs in the Dallas area.

“It’s a powerful force for good when public institutions and private-sector leaders form partnerships to prepare our youth for high-skill, high-wage jobs,” said Mayor Mike Rawlings. “Working together, JPMorgan Chase and The Dallas County Promise will transform lives by putting more young people on the path to success.”

Dallas County Promise is an unprecedented collaboration between school districts, community colleges, universities, workforce, the philanthropic community and community advocates to increase college completion. The Promise is a scholarship from the Dallas County Community College District that matches degree programs to career pathways to high-demand industries in the region. By next year, the Promise will support 10 Dallas County School Districts, 43 High Schools, and over 15,000 high school seniors.

According to the press release, while the Dallas region consistently ranks among the top metro areas in employment growth, the opportunities are not shared equally, with 3 out of 4 students in the area being economically disadvantaged.

With JPMorgan Chase’s New Skills for Youth investment to the Commit Partnership, Dallas County Promise will target a goal of supporting 3,500 community college student complete degrees that provide them with a pathway to well-paying careers in healthcare and information technology. Specifically, the investment will help introduce students early in high school through college to workforce opportunities in these sectors.

Read the full release here.

ABOUT DALLAS COUNTY PROMISE

Dallas County Promise began as a pilot in the fall of 2017 with 31 high schools in Dallas County, representing 9,300 high school seniors. At its core, the Promise is a last dollar, full-tuition scholarship for an associate’s degree (the first and second years of college) provided by the Dallas County Community College District Foundation to every high school student, regardless of family income or grade point average. DCCCD’s effort is being matched with tuition-free scholarships provided by UNT Dallas, plus other partner public and private universities for students’ junior and senior years. Equally important, the Promise will include a coordinated effort to promote career awareness in high schools and higher education institutions with the goal to better align credentials students are seeking with current high-demand jobs. Those efforts will be supported by a framework of non-profit staff members, and will include mentoring and support from a student success coach as well as robust data support to drive the goal of owning the educational outcome for every Dallas County Promise student. To learn more, visit DallasCountyPromise.org.

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