Press Release
JPMorganChase announced that it will invest $6 million USD in philanthropic support for local nonprofit organizations over the next five years, helping to unlock career opportunities for underserved young people across the country. The initial $450,000 USD will be provided to EMpower, a nonprofit organization supporting underserved communities, to help 2,000 young people through skills training, work-based learning, and employment support and also aims to strengthen public-private collaboration to create long-term improvements to youth employment in Argentina.
This announcement builds on JPMorganChase’s 125 year history in Argentina. Buenos Aires serves as the firm’s largest location in Latin America and is at the center of JPMorganChase’s operations in the region. The firm has a long track record of supporting Argentina’s economic growth, including financing major railroads, banks, and public companies, and is proud of its trusted relationships with industry leaders, financial institutions, and government partners.
“There is so much potential among the young people in Argentina, at JPMorganChase we believe that investing in youth is essential to building a strong and inclusive future for Argentina,” said Facundo Gómez Minujín, JPMorganChase Senior Country Officer for Argentina, Uruguay, Bolivia and Paraguay. “By working together with local municipalities, employers, and nonprofit organizations, we can help more young people access the skills and opportunities they need to succeed in the workforce.”
Youth unemployment remains a challenge in Argentina where over 19% of young people are unemployed, and over 68% are engaged in informal work, which is often short-term and unreliable.1 JPMorganChase’s $450,000 USD support to EMpower will help pilot a two-year program in two municipalities in Greater Buenos Aires. This program will directly support 600 young people with training, work-based learning, and career planning - helping to reach underserved youth, many of whom need additional support to successfully transition into the workforce. The firm is collaborating with Mercado Libre and other local employers, who will offer insights into local skills needs and career opportunities, in line with growing job opportunities across the country.
“At Mercado Libre, we see employability as the driving force for the future of Latin America. We are excited to work with JPMorganChase and EMpower to give young people the practical tools and the real opportunities they need to transform their lives and boost growth in our region.’ said Mercado Libre.
“We are delighted to deepen our enduring partnership with JPMorganChase. Their essential support enables EMpower to go far beyond funding, strengthening the local NGO ecosystem through capacity building and shared knowledge. This new phase helps us scale our impact by transferring decades of youth employment expertise to Buenos Aires and unlocking potential for marginalized young people.” said Daniel Parnetti, Program Director for Latin America, EMpower.
Through collaboration with local municipalities, industry, and nonprofit organizations, an additional 1,400 young people will be supported with skills training and work-based learning, informed by industry skills needs. Based on learnings from the pilot program JPMorganChase will explore opportunities to scale its support nationally, working with local nonprofit and cross-sector organizations to help unlock career opportunities for underserved young people across Argentina.
JPMorganChase will also launch a 12-month career readiness program for underserved university students, with three months of work experience at the firm’s office in Buenos Aires. Students will build their technical and soft skills, expand their networks, and improve their English capabilities - helping improve access to professional careers for underserved youth.
“Our new career readiness program, together with our ongoing recruitment efforts at the Corporate Center, underscores our firm’s commitment to expanding career opportunities in Buenos Aires,” said Clara Mendiberri, Chief Administrative Officer for Latin America and Canada and Head of the Buenos Aires Corporate Center. “By providing hands-on work experience, skills development, and access to professional networks, we can help young people overcome barriers to employment and empower the next generation of talent.”
In 2014, JPMorganChase established a Corporate Center in Buenos Aires, which serves as a strategic location for the firm, supporting key functions such as technology, operations, finance, and legal services. In 2024, the firm announced plans to hire an additional 1,500 employees over the next five years, demonstrating JPMorganChase’s commitment to doing business in Argentina and support for local talent. The firm remains invested in Argentina’s strong workforce, which provides support to JPMorganChase's operations across the U.S. and Europe.
For over a decade, JPMorganChase has been working with local nonprofit organizations across Argentina to support career readiness and mentoring programs for underserved youth, equipping them with essential employability skills. Over the past five years, the firm has supported over 4,750 individuals to access jobs or apprenticeships.
JPMorganChase works with organizations such as Fundación Cimientos to help reduce secondary school dropout rates and support young people to successfully transition from education to employment. Since 2018, JPMorganChase has supported Fundación Pescar, providing young people with the technical and soft skills they need to succeed in technology careers. Since 2024, according to Fundación Pescar, 92% of young people who participated in the JPMorganChase-funded Pescar training programs completed secondary school, 70% continued their education and 84% joined the workforce.
The firm’s philanthropic investments are also complemented by employee volunteer efforts. In 2023, the firm launched Career Connect in Buenos Aires — connecting young people with JPMorganChase mentors to build their skills, expanding their networks and career opportunities. To date, more than 180 young people have participated in Career Connect, supported by more than 200 employee volunteers.
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 $4.6 trillion in assets and $357 billion in stockholders’ equity as of June 30, 2025. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. Under the J.P. Morgan and Chase brands, the Firm serves millions of customers in the U.S., and many of the world’s most prominent corporate, institutional and government clients globally. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.
With a legacy of more than 125 years, JPMorganChase is a leading financial institution in Argentina, employing over 3,800 people across three offices. JPMorganChase’s Buenos Aires Corporate Center, the largest in Latin America, serves as a strategic location for technology, operations, finance, and legal services. The firm provides over $504 million in credit and capital to over 250 medium and large companies, supporting economic growth and stability. JPMorganChase has helped over 4,750 individuals access jobs or apprenticeships, delivering career readiness and mentoring programs for underserved youth. The firm is committed to fostering an inclusive workplace, investing in employee development, and driving innovation across Argentina.