Philly Daily, where my On Crime column appears each week, reports that JPMorganChase announced they are spending $24 million to strengthen Philadelphia’s shipbuilding and maritime manufacturing industry—supporting skills training, stronger supply chains and small business growth in a sector critical to America’s defense industrial base.
The announcement includes $18 million in loans and investments
and $6 million in philanthropic grants. Near-term focus areas include:
- Driving
the expansion of a submarine manufacturing and assembly facility expected
to create 450 new permanent jobs;
- Helping
expand workforce training and apprenticeship opportunities for potentially
thousands of local workers—including welders, electricians and other
critical shipbuilding roles—to work at the Navy Yard;
- Supporting
up to 100 local maritime small business suppliers; and
- Building a stronger regional collaborative that
connects employers, training providers and community partners to meet
demand and expand economic opportunity.
“America can compete and lead in shipbuilding again—it starts
with more skilled workers and secure supply chains,” said Jamie Dimon, Chairman
and CEO of JPMorganChase. “We need to train people for the jobs shipbuilders
urgently need, connect them to good careers and strengthen the suppliers and
partners that keep a shipyard running. When we build the workforce and the
supply chain together, we create good careers for workers and a stronger, more
resilient maritime industry that supports our national security and our
economy.”
You can read the rest of the piece via the link below:
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