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JPMorgan Chase Invests $325,000 to Orlando Economic Partnership’s ‘Foundation for Orlando’s Future’ Program

Orlando Economic Partnership

Orlando, Fla. – JPMorgan Chase awarded the Orlando Economic Partnership (the
Partnership) two separate grants totaling $325,000 to invest in the work of its Foundation for
Orlando’s Future. The grants will fund two initiatives, including the new regional
talent strategy called UpSkill Orlando, aimed at providing a greater awareness of skill attainment
and critical upskilling needs, and BRACE (Business Recovery Assistance and Collaborative
Engagement), a program developed by the Partnership to support small businesses in search of
financial assistance and recovery resources in the wake of the COVID-19 pandemic.

“Supporting both UpSkill and BRACE will create resources and opportunities for individuals and
small, minority-owned businesses in Orlando as they navigate economic challenges caused by
the pandemic,” said Mel Martinez, Chairman of the Southeast U.S. and Latin America for
JPMorgan Chase. “The Orlando Economic Partnership identified rapid, impactful programs to
support the critical needs of the community, weather this storm, and put it on a trajectory for
sustained success.”

JPMorgan Chase will invest $125,000 in UpSkill to support research and program development
in correspondence to a regional skills-based hiring platform. Post-COVID-19, the platform will be
critical to ensuring equitable hiring practices, providing research on upskilling needs to address
automation, and developing new career pathways that create upward mobility.

“Trends in automation, remote work and inclusivity accelerated by the COVID-19 pandemic are
creating a new standard for work,” said Partnership President and CEO Tim Giuliani. “Instead of
waiting for jobs to re-appear in a business-as-usual environment, strategic organizations need
to pivot to new methodologies for talent acquisition and development. Our expertise in this area
can assist businesses as they seek ways to recover from this economic downturn and establish
a new, broader regional talent initiative. We are grateful to JPMorgan Chase for
supporting our work to improve our region’s economy.”

Skills-based hiring, the subject of the Foundation’s special report, Re-Imagining Orlando’s
Talent Supply funded by the JPMorgan Chase grant, is a strategy that generates value for both
employers and applicants by creating skill-focused job descriptions and evaluating candidates
based on distinct skillsets vs. experience. It requires a mindset shift—one that encourages an
employer to evaluate an individual’s skills and abilities instead of background, and rethink job
requirements. When implemented, skills-based hiring: helps fill jobs quickly, retains talent,
diversifies an organization’s talent pipeline, and helps provide a greater awareness of skill
attainment and critical upskilling needs.

JPMorgan Chase is also committing $200,000 to the BRACE program, which was established to
assist business owners in need of financial assistance to save their companies in this
unprecedented time. A communications and case management platform, BRACE provides a
free service that helps identify and then connect small businesses to the resources they need
most.

“Orlando’s small businesses are facing unique challenges and serious disruption in the wake of
COVID-19,” said Dr. Dale Brill, senior vice president of Foundation for Orlando’s Future. “More
than 85 percent of our local businesses employ less than 10 people and day-to-day operations
rely on 75+ million visitors a year. While the national and state government have provided
resources, when times are stressful, business owners often resort to layoffs and closing their
doors before trying to navigate government paperwork processes that will help them stay
afloat.”

Through the support of JPMorgan Chase, the Foundation for Orlando’s Future will sustain
BRACE, allowing the program to continue to leverage relationships and expand partnerships
with regional organizations, and continue to deploy bilingual ambassadors who help identify and
then connect business, majority minority-owned businesses, to the resources they need most
for COVID-19 response, recovery and resiliency.

Interested parties who complete and submit their online form will have a BRACE Ambassador
reach out to them within 48 hours after contact. Ambassadors are trained to triage needs,
offer resources, and provide referrals to partners with the right expertise.
For more information on UpSkill, BRACE or any Partnership programs, please
contact Laureen.Martinez@Orlando.org or at 407-242-3982.


About JPMorgan Chase
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of
$3.2 trillion and operations worldwide. The Firm is a leader in investment banking, financial
services for consumers and small businesses, commercial banking, financial transaction
processing, and asset management. A component of the Dow Jones Industrial Average,
JPMorgan Chase & Co. serves millions of customers in the United States and many of the
world’s most prominent corporate, institutional and government clients under its J.P. Morgan
and Chase brands. Information about JPMorgan Chase & Co. is available at
www.jpmorganchase.com.

About the Orlando Economic Partnership
The Orlando Economic Partnership (the Partnership) is a public-private, not-for-profit economic
and community development organization that works to advance broad-based prosperity by
strengthening Orlando’s economy, amplifying Orlando’s story, championing regional priorities,
empowering community leaders and building a brilliant region. These five foundational
objectives serve to improve the region’s competitiveness while responding to the needs of
communities, residents and businesses. For more information, visit www.Orlando.org.

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