Thursday, March 5, 2015
Citi Foundation Expands Summer Jobs Connect to New Cities
Today, at the President's Advisory Council on Financial Capability for Young Americans meeting hosted at the White House, the Citi Foundation and Cities for Financial Empowerment Fund (CFE Fund) announced that the District of Columbia and St. Louis have been selected to join Summer Jobs Connect, which provides low-income youth with summer work experience, access to financial education and appropriate financial services. Launched in 2014 in Chicago, Los Angeles, Miami, New York City, and San Francisco, Summer Jobs Connect will support more than 2,000 jobs for young people in seven cities over the summer of 2015.
Summer Jobs Connect is a key part of the Citi Foundation's Pathways to Progress initiative, a three-year, $50 million commitment to connect low-income youth in the United States with opportunities to develop the workplace skills and leadership experience that are critical to compete in a 21st century economy. Building on the successes of existing Summer Youth Employment Programs (SYEPs), Summer Jobs Connect ensures that youth receive on-the-job training and are also connected to meaningful financial education. Summer jobs, often the first experience youth have with formal employment, serve as a natural opportunity to provide education on managing finances, an important foundation for financial stability....