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JPMorganChase on Wednesday announced new philanthropic funding to grow workforce training programs in Alabama’s advanced manufacturing and energy sectors – an initiative designed to help more Alabamians gain the skills needed for in-demand jobs.
JPMorganChase’s $350,000 commitment to Alabama Possible, a nonprofit focused on expanding economic and educational opportunity for underserved communities, will strengthen Alabama’s workforce at a time of rapid business growth and rising demand for skilled talent.
“A prosperous job market is the foundation of a strong economy,” said Victoria Adams Phipps, Vice President, Global Philanthropy. “Through this initiative with Alabama Possible, we’re helping to close the skills gap and ensure more Alabamians have the opportunity to obtain high-quality jobs and build stronger economic futures for themselves and their families.”
The announcement comes as Chase celebrates the opening of its 14th branch in the state, in Mountain Brook.
The funding to Alabama Possible will support:
- Opening Doors to Advanced Manufacturing Careers: Alabama Possible will expand its collaboration with the Alabama Community College System, including Historically Black Community Colleges (HBCCs) and Predominantly Black Community Colleges (PBCCs), on eight career advancement programs. These programs help individuals pursuing post-secondary education develop the skills for in-demand jobs in aviation, steel and aerospace.
- Providing Hands-On Training for High-Demand Trades: Alabama Possible will team up with community colleges to develop two accelerated training programs for HVAC technicians and utility line workers. The new 11-week programs, developed in collaboration with Alabama Power, seek to prepare workers for in-demand jobs in the energy sector.
“Alabama’s workforce future depends on expanding pathways that ensure more people step into high-wage, high-demand careers. This investment from JPMorganChase allows us to do exactly that,” said Chandra Scott, the executive director of Alabama Possible. “By strengthening skilled-trades training and elevating STEM opportunities for adult learners – especially across Alabama’s Historically Black and Predominantly Black Community Colleges – we are building a stronger, more inclusive talent pipeline for our state.”
In 2025, the firm announced a philanthropic effort to help small businesses and entrepreneurs, especially in underserved communities. JPMorganChase in 2025 contributed more than $3.6 million in philanthropic funding to support small business growth, financial health and workforce development in Alabama.
“Our state is growing – there are more opportunities in manufacturing, energy and infrastructure,” said Jennifer DiSalvo, the head of Chase branches in Alabama. “At the same time, many employers need more skilled workers to fill these jobs. These training programs will help people get the skills they need, build a stronger workforce, and support Alabama’s future.”
A recent JPMorganChase PolicyCenter and Center for Geopolitics report, “Working to Win: Rebuilding America’s Workforce for an Age of Geopolitical Competition,” underscores that America’s talent shortage is now a national security risk – constraining growth in advanced manufacturing, energy, and defense. The report calls for large-scale, coordinated efforts to rebuild the nation’s skilled workforce, with a focus on critical industries like defense, energy and advanced manufacturing.
“Alabama’s workforce is the backbone of our economic future,” added DiSalvo. “By investing in skills training and career pathways, we’re not only supporting local communities – we’re also helping to address the national challenge of building a resilient, competitive workforce for the industries that matter most.”
Wednesday’s announcement coincided with the opening of Chase’s Mountain Brook location, and it follows branch openings in Florence and Huntsville in December. Chase announced in 2025 that it would triple the number of branches in Alabama by 2030, expanding access to financial services and creating more than 170 new jobs.
“This is a dream location,” said DiSalvo. “When you make the exit at Mountain Brook, our branch is the first thing you see. We’re neighbors with the zoo and the botanical gardens- signature destinations in our city. And the branch looks great. Visually, it is our most impressive location in the state.”
The branch employs about 10 people, including specialists who provide investment advice, home-lending service and support to small businesses.
This new location is part of the bank’s plan to triple its branch network in the state by 2030, ultimately bringing the total number of Chase branches in Alabama to 35 and creating more than 170 new jobs.
JPMorganChase in Alabama
Since 1973, JPMorganChase has fostered economic opportunity and leveraged its resources and expertise to deepen its support across Alabama. Support includes:
- Offering resources including mentorship and access to capital to more than 25,000 small business customers.
- Supporting more than 15 state and local government, higher education, healthcare and nonprofit clients.
- Helping more than 20 local financial firms serve communities.
- Investing in local job growth by financing the construction of recycling, manufacturing, and wholesale distribution facilities.
About the Security & Resiliency Initiative
JPMorganChase’s commitment to workforce development in Alabama reflects the firm’s broader strategy to strengthen America’s economic resilience and competitiveness.
In late 2025, the firm announced its Security & Resiliency Initiative, a $1.5 trillion, 10-year plan to facilitate, finance, and invest in industries critical to national economic security and resilience — including advanced manufacturing, defense and aerospace, energy, frontier and strategic technologies, and pharma and health tech.
As part of this initiative, the firm will make direct equity and venture capital investments of up to $10 billion to help select companies primarily in the U.S. enhance their growth, spur innovation, and accelerate strategic manufacturing. Learn more about how JPMorganChase is investing in America.
About JPMorganChase
JPMorgan Chase & Co. (NYSE: JPM) is a leading financial services firm based in the United States of America (“U.S.”), with operations worldwide. JPMorganChase had $4.4 trillion in assets and $362 billion in stockholders’ equity as of Dec. 31, 2025. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.
