Another example of an innovative form of PPP to support workforce development - JP Morgan is investing $350M to identify future skills needed in their workforce, and then to help community colleges and other non-traditional career development offerings train people with those skills.
Understandably, this program supports JPM's business goals, but I think the model of a private sector organization putting such significant resources to support the public organizations that deliver the education services shows an interesting model.
Community colleges and businesses have long worked together to identify needs and develop the associated training programs - it's the dedication of money I'm finding most interesting. Are you seeing other examples like this in your communities?
“The new world of work is about skills, not necessarily degrees,” said Jamie Dimon, Chairman and CEO, JPMorgan Chase & Co. “Unfortunately, too many people are stuck in low-skill jobs that have no future and too many businesses cannot find the skilled workers they need. We must remove the stigma of a community college and career education, look for opportunities to upskill or reskill workers, and give those who have been left behind the chance to compete for well-paying careers today and tomorrow.”