Latest news with #JeremyYoung
Business Journals
30-04-2025
- Business
- Business Journals
Building financial health in Columbus: JPMorganChase's commitment to community empowerment
Building on its efforts to support financial health and economic mobility, JPMorganChase announced $7 million in philanthropic capital to support Commonwealth's innovative initiative, Benefits for the Future, nationally, with $1 million supporting efforts in Columbus, Ohio. This work is part of a larger $14.5 million philanthropic commitment aimed at modernizing benefits and improving financial well-being for low- to moderate-income workers across the nation. Commonwealth, a national nonprofit dedicated to building financial security and opportunity for financially vulnerable individuals, will collaborate with Columbus employers to test and implement groundbreaking workplace savings, debt reduction and wealth-building benefits. The initiative is expected to positively impact over 2.5 million individuals in Columbus and beyond. Jeremy Young, regional director at J.P. Morgan Wealth Management and co-chair of the firm's Ohio Market Leadership Team, expressed enthusiasm for the project, stating, 'We're proud to work with partners across Ohio to prepare people for the future of work. As we work to build stronger communities where economic opportunity is accessible to all, we're excited to see the impact of these efforts touch down in Central Ohio and beyond.' Last year, JPMorganChase announced its support of a newly formed regional workforce collaborative — a $2.1 million commitment bringing five organizations together to align the region's workforce system with the needs of emerging industries. Led by One Columbus, the initiative will involve multiple organizations and stakeholders to create a comprehensive workforce strategy, focusing on access to job opportunities and preparing individuals for high-quality careers in technical fields. The additional contribution from JPMorganChase to Commonwealth will further support local employers by both attracting and retaining talent through innovative solutions aimed at expanding workplace benefits, such as retirement and education savings. The project will involve place-based pilots in Columbus, strengthening the regional workforce ecosystem and underscoring the firm's support of Central Ohio. The collaboration with Commonwealth is part of JPMorganChase's broader strategy to advance financial health for customers and communities across the country. The firm recognizes the critical role that benefits play in improving the financial health of employees, particularly those earning and living on low- to moderate-incomes. Beyond wages, benefits can provide a safety net for workers to navigate their current financial lives and prepare for future goals like college and retirement. Fewer than one-third of workers have access to workplace benefits that could help them manage critical financial needs, which costs the economy nearly $183 billion per year in lost productivity due to financial stress. By modernizing and connecting benefits across the public and private sectors, JPMorganChase aims to support workers and create communities where economic opportunity is accessible to all. JPMorganChase's commitment to helping foster economic mobility and financial security builds on the firm's 155-year presence in Columbus. With more than 18,000 employees, over 735,000 customers and 61,000 small business clients, JPMorganChase's presence in Columbus is robust. As one of the state's largest private employers, JPMorganChase is committed to fostering the future of talent in communities across the country, supporting solutions that help people prepare for the future of work, and ensuring that they have the resources to pursue economic mobility and opportunity throughout their career journey. Competitive benefits packages can help employers attract and retain top talent, enabling them to meet the needs of a changing economy while ensuring that more people are primed to benefit from shared economic growth. Through this collaboration with Commonwealth and workforce partners, JPMorganChase's support aims to create lasting positive impacts on the financial health of workers in Columbus and beyond, enabling people to prepare for jobs that can jump-start careers and help manage their financial lives, weather financial shocks and pursue wealth-building opportunities for themselves and their families.
Axios
25-03-2025
- Politics
- Axios
America's DEI college chaos hits Indiana schools
Colleges have been a conservative target for years. Under President Trump, it's total warfare on all aspects of higher education — from student life to hiring to athletics. Why it matters: Even if some funding cuts are undone by future administrations or some directives don't hold up in the courts, many colleges are rushing to make changes they won't be able to undo easily. "The federal government is coming for higher education," says Jeremy Young, the Freedom to Learn program director for PEN America. "And if you are one of America's 4,000 college presidents, and you stick your neck out, it's going to get cut off." The big picture: The Trump administration is pulling multiple levers to squeeze universities. Institutions across the country are watching the administration's moves closely — and wondering if they'll be the next one in the spotlight. In a letter to schools last month, the Education Department said they could lose funding if they have policies related to race and diversity, making a broad interpretation that these policies violate the Supreme Court's decision on affirmative action. Zoom in: The department gave schools two weeks to comply, after which it notified 45 colleges — including the University of Notre Dame — that they were being investigated over allegations that they participated in "race-exclusionary practices." The department said in a statement that the schools were being investigated for potentially violating Title VI of the Civil Rights Act of 1964, which obliges schools that receive federal funds to provide students with an environment free of discrimination based on race, color or national origin. The schools allegedly violated the law by partnering with the organization The Ph.D. Project, which "purports to provide doctoral students with insights into obtaining a Ph.D. and networking opportunities, but limits eligibility based on the race of participants." The intrigue: Even before the Education Department's letter last month, Notre Dame had adjusted language on its website. As noted in The Observer, the university's student newspaper, the URL for Notre Dame's "Diversity, Equity and Inclusion" page changed from to and the page title changed from "Diversity, Equity, and Inclusion" to "We Are All Notre Dame" in late January — just after Trump took office and signed an executive order to end "illegal DEI" policies. A university spokesperson told The Observer the change was unrelated to the Trump administration. State of play: Anti-DEI pressure is coming from the state level, too. The Senate advanced a bill that would prohibit mandatory DEI training in K-12 schools and restrict DEI programs within state colleges and universities. The House has not moved the bill, but has two more weeks to do so. Several lawmakers sharply questioned IU and Ball State officials in January during budget presentations over "woke" professors and programming for LGBTQ+ students. Ivy Tech, the state's community college system, closed its diversity, equity and belonging offices statewide last month in a move to protect state and federal funding.
Yahoo
03-03-2025
- Business
- Yahoo
Revitalization planned around Lancaster's Penn Medicine Park
(WHTM) — The City of Lancaster Revitalization and Improvement Zone Authority (CRIZ) has announced plans to shape the future of the area surrounding Penn Medicine Park (formerly known as Clipper Magazine Stadium). The CRIZ Authority announced Monday the creation of a Lancaster Stadium District Small Area Plan, a collaborative initiative to establish a shared vision for the more than 50-acre area roughly bound by Harrisburg Avenue, North Prince Street, and West Liberty Street. Close Thanks for signing up! Watch for us in your inbox. Subscribe Now The teams plan to explore opportunities for land use, connectivity, and economic development while financing the construction of new infrastructure, such as new streets in the former industrial area. 'A decade ago, the City laid out a broad framework for economic development through Building On Strength,' said Marshall W. Snively, the Acting Executive Director of the CRIZ Authority and President of Lancaster City Alliance. 'A Stadium District Small Area Plan now provides us with the opportunity to take a more detailed, granular approach to planning in this key area, ensuring that redevelopment and investment align with the community's vision while leveraging current financing tools available through the CRIZ.' 'The Stadium District represents a unique opportunity to connect past planning efforts with actionable next steps,' said Jeremy Young, Acting Managing Director of the CRIZ Authority and Director of Community & Economic Development at Lancaster City Alliance. 'This process will allow us to engage stakeholders, assess infrastructure and redevelopment needs, and craft a clear implementation strategy that attracts investment and enhances the district's role as a vibrant part of the city. By leveraging the financing tools available through CRIZ, we can help ensure that the vision developed through this plan leads to real, transformative projects.' Final say on Penn State campus closures might not involve the university's governing board The planning process will take place over the next nine months as the CRIZ Authority engages with property owners, business leaders, municipal officials, and community stakeholders to refine the plan's priorities. CRIZ tabbed multiple teams of consultants throughout Ohio and Pennsylvania to develop the Small Area Plan, including TAIT, a Lititz-based team of entertainment and placemaking experts. Close Thanks for signing up! Watch for us in your inbox. Subscribe Now CRIZ says the plan aims to guide the redevelopment and investment in alignment with the Building On Strength Economic Development Strategic Plan for the City of Lancaster and Our Future Lancaster, the Comprehensive Plan for the City of Lancaster, and hopes to build off the momentum of the Lancaster Train Station Small Area Plan. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Axios
03-03-2025
- Politics
- Axios
America's college chaos
Colleges have been a conservative target for years. Under President Trump, it's total warfare on all aspects of higher education — from student life to hiring to athletics. Why it matters: Universities are scrambling to steel themselves for an onslaught of investigations. Even if some cuts are undone by future administrations or some directives don't hold up in the courts, many colleges are rushing to make changes they won't be able to undo easily. "The federal government is coming for higher education," says Jeremy Young, the Freedom to Learn program director for PEN America. "And if you are one of America's 4,000 college presidents, and you stick your neck out, it's going to get cut off." Driving the news: In a letter to schools last month, the Education Department said they could lose funding if they have policies related to race and diversity. And though the letter doesn't have the force of law, many institutions are acting quickly to comply — with moves big and small. Colorado State University is shifting employee roles, tweaking HR policies and scrubbing websites, Axios Denver's Alayna Alvarez reports. The University of Pennsylvania has edited websites — or removed them altogether, notes Axios Philadelphia's Mike D'Onofrio. Penn's medical school is looking at cutting programs that help diversify its student body, The Philadelphia Inquirer reports. The Ohio State University is shutting down two campus offices focused on DEI and cutting more than a dozen staff positions. It's renaming the Office of Institutional Equity to the Office of Civil Rights Compliance. Several colleges had already started cutting programs, shuttering cultural centers and changing up course catalogs even before Trump took office — either to prepare for the administration's changes, or in response to state-level action. Zoom out: DEI is making headlines, but the chaos is wider. Stanford, MIT, Columbia and Vanderbilt are already freezing hiring or cutting back on the number of Ph.D. students they'll accept as they hear of DOGE's proposed cuts to federal medical research. Universities are also working to comply with the NCAA's new ban on trans athletes. Many are fielding investigations over former trans athletes that competed on their teams, or responses to pro-Palestinian protests on campus. And the Justice Department is sending an antisemitism task force to several campuses. Changes are likely to last:"Once a college closes a DEI office, once it shuts down a research program, once it censors a syllabus, these things are not coming back," says Pen America's Young. "The political will is not there to bring them back on a college campus." What to watch: Some colleges are waiting and seeing which policy changes stick. Drexel University is holding off on changes as it monitors the situation, Axios Philadelphia reports. Western Michigan University's president told his campus to "please process as usual." University of Colorado Boulder Chancellor Justin Schwartz said he'll "only change operations if and when we have to."
Yahoo
26-01-2025
- Politics
- Yahoo
Trump's anti-DEI push puts top colleges in the crosshairs
Universities now find themselves at the frontlines of President Trump's war against diversity, equity and inclusion (DEI) programs. An executive order this week instructed federal institutions to investigate DEI programs at schools with endowments of more than $1 billion endowments. Experts say the schools need to be 'prepared to fight' as Trump has long been willing to target higher education. 'This is really just the first salvo, and I think colleges should be very concerned, and I think they should be prepared to fight,' said Jeremy Young, director of state and higher education policy at PEN America. Out of the more than 4,000 colleges and universities in the U.S., only a couple hundred hold endowments over $1 billion, including top-ranked schools such as Harvard, Princeton and Yale. The attorney general, Department of Education and other agencies have 120 days, according to Trump's order, to conclude their investigation and provide the president 'appropriate measures to encourage the private sector to end illegal discrimination and preferences, including DEI.' On the campaign trail, Trump vowed to go after DEI programs in higher education, but the stipulation on endowments of over $1 billion is raising eyebrows. 'If your view, which is theirs, is that these [programs] are discriminatory, I don't know why you would confine yourself to only looking at the 60 or 80 or so institutions that have a billion dollars in endowments,' said Jon Fansmith, senior vice president of government relations and national engagement at the American Council of Education. 'It just makes it seem very clear that the goal here is more to go after a certain handful of highly selective elite institutions, rather than to really prioritize what you see as discrimination,' Fansmith added. Trump has also threatened to tax endowments of 'woke' schools, and in 2023, now-Vice President J.D. Vance proposed raising taxes on endowment investments for schools with more than $10 billion endowments. 'We are reviewing the news out of Washington and are working to understand the implications,' a spokesperson for the Massachusetts Institute of Technology told The Hill when asked about the executive order. 'As with any order, from any administration, we will look through the announcement closely and thoughtfully. MIT is committed to attracting the very best talent, supporting our diverse community, and complying with federal law.' Republican states have also increasingly gone after DEI programs at their schools. Florida was the first to ban DEI at public universities, with Texas following close behind. Lawmakers in Ohio and Iowa recently introducing bills to create or expand their own DEI bans, with the latter, like Trump, even going after private schools. 'When we think about the colleges that have an endowment over a billion, the majority of them are private institutions, and, for them, this is not the first sort of outreach or questioning of their DEI activities, but it's different from how the public institutions have been facing this,' said Katharine Meyer, a fellow at the Brown Center on Education Policy. 'Many higher education institutions have already rolled back DEI practices, disbanded offices, moved around staff as a result of state legislation. So, I think what's notable about this is that in targeting these high-endowment institutions, it's reaching more into the private institutions that have not been as impacted by the state legislation that we've seen over the past couple of years,' Meyer added. After the investigations, it is unclear how Trump will proceed, whether issuing another executive order on the issue or trying to get legislative action passed through Congress. It is almost certain though that the investigations will not be the last presidential action regarding the issue, and schools are already aware of that. 'I don't think schools were necessarily surprised by the order coming out. I think the devil is going to be in the details of what guidance and kind of how the administration is planning to implement it,' said Scott Goldschmidt, partner at Thompson Coburn' s Higher Education practice and a former university deputy general counsel. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
