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Wednesday, Nov 29, 2023

CUSTOM CONTENT: JPMorgan Chase is Advancing San Diego

We live in a time when it is easy to feel that there is more that divides us than unites us. Economic, racial and cultural fault lines, it seems, are only growing wider. Technology continues to develop at breathtaking speed. And the gap between those sharing in — and those locked out of — a growing economy seems to be only getting wider.

Many of today’s challenges stem from the reality that, despite a growing economy, people are working harder but are unable to get ahead. The average American family has seen its net worth move backward over a generation. The system is failing too many people.

For me, as a native of San Diego, I look at our great city and see similar challenges for its future. But San Diego also has many strengths that will enable it to withstand some of this uncertainty. Namely the resiliency of its people to collaborate across all lines, classes, neighborhoods and industries.

But we also recognize that no community in today’s climate is immune from many of these pressing social and economic challenges. That is why as part of JPMorgan Chase’s inaugural AdvancingCities Challenge, we are proud to be investing $3million in San Diego over the next three years. San Diego was selected from a rigorous application process that saw over 250 cities from across the country seek this investment.

We selected San Diego in part because of its history of collaboration.

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This initiative is called Advancing San Diego, and will be led by:

  • The San Diego Regional Economic Development Corporation
  • City of San Diego
  • United Way
  • San Diego & Imperial Counties Community College Association
  • San Diego Workforce Partnership.

To ensure San Diego’s future competitiveness in our globalized economy, San Diego’s workforce, especially its most diverse communities, need to be equipped with the right training and skills.

For that reason, Advancing San Diego has two goals:

To collaborate with local community colleges to identify and develop advanced workforce skills for students

And to provide these students with clear pathways to obtaining the jobs of the future.

To achieve this, the majority of grant funds will subsidize internships for small businesses. By collaborating with San Diego’s business community and local colleges, Advancing San Diego will connect San Diego’s most diverse communities to a brighter future.

In an era characterized by deep social divisions and widening economic disparity all over the world, companies like ours have a responsibility to be leaders in finding solutions. The future of our business depends on the success of our communities.

We know that the success of San Diego depends in large part on creating a more inclusive economy.

And while we have a long history of philanthropic giving, the challenges we’ve seen across the country over the last few years have called for greater action.

Beyond our engagement in San Diego, JPMorgan Chase has modernized its community engagement approach nationwide to focus in areas where we have a unique set of capabilities and assets that can help make a greater impact. We’ll be bringing some of these lessons learned from our work around the country to help grow San Diego in this endeavor.

This will also include:

  • Building skills for today’s job market — so people can work and businesses can grow
  • Revitalizing neighborhoods
  • Promoting financial health

We are all dedicated partners of San Diego and are extremely excited to be a part of this mission.

We must continue to work together to ensure lasting solutions for San Diego so that everyone who lives here has the opportunities to succeed and security to do so right here at home.

To learn more about Advancing San Diego, visit: AdvancingSD.org

About Tony Sciarrino

Tony Sciarrino is a Managing Director and Segment Head for Middle Market Banking & Specialized Industries (MMBSI) in California for JPMorgan Chase’s Commercial Banking team. A native of San Diego, he is responsible for over 16 offices statewide and their respective teams of commercial bankers who deliver the firm’s global capabilities to local clients – including treasury services, asset management, credit and investment banking – and growing the MMBSI business.

To learn more about JP Morgan Chase, visit: jpmorganchase.com


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