Bank announces multi-year workforce development grant for Ascension Seton’s new teaching hospital
To spark greater economic opportunity for Austin workers and fill the region’s growing number of health care positions, JPMorgan Chase will provide a $730,000 grant to Ascension Seton to build new workforce development efforts.
The efforts will be targeted primarily toward Dell Ascension Seton Medical Center at The University of Texas, the new teaching hospital set to open May 21, 2017, which complements Dell Medical School. Ascension Seton is part of Ascension, the largest nonprofit health system in the U.S. and the world’s largest Catholic health system.
“This is such an important opportunity to create good jobs in Austin, Texas,” said Joe Holt, Managing Director and Vice Chairman of Commercial Banking at JPMorgan Chase. “We are thrilled to partner with Ascension Seton and the new teaching hospital to create meaningful careers that will help close the opportunity gap in our city.”
Ascension Seton will collaborate with employers, educators and local organizations to share best practices and align education, training and employment. Seton’s workforce development goal is to research and implement innovative solutions that align high demand health care careers with the needs of community members seeking greater employment opportunities.
“Ascension Seton will use this generous grant to develop creative ways to prepare people for high-demand health care careers specific to our community,” said Jesús Garza, President and Chief Executive Officer of Ascension Seton. “Rapid population growth makes it imperative to build the local health care workforce, and create pathways for career advancement to ensure we’re able to retain workers locally.”
The JPMorgan Chase grant will be matched dollar for dollar with funds for construction of the Dell Ascension Seton Medical Center by the Michael & Susan Dell Foundation, which has pledged up to $25 million in challenge grant monies to help Ascension Seton Fund raise $50 million to build the new hospital.