New York The Citi Foundation today announced the launch of the Youth Workforce Fund as part of its Pathways to Progress initiative to provide youth both in the U.S. and around the world with training and access to jobs, including paid apprenticeships and internships. In partnership with America's Promise Alliance, 15 nonprofit organizations across the United States will expand their programming to provide a range of employment opportunities in various areas including environmental sustainability to robotics and culinary arts to coding. Collectively, the Youth Workforce Fund is expected to reach more than 5,000 youth across the country.
Access to apprenticeships, internships and vocational training is essential to empowering youth and preparing them to compete in today's economy. According to the Citi Foundation's Global Youth Survey 2017: Economic Prospects & Expectations, 78% of young people surveyed believe that internships and apprenticeships are critical for career success; however, 60% say there aren't enough of these opportunities in their cities.
"While there is much focus on the skills mismatch among today's youth and the jobs available, there are a lot of community organizations across the U.S. that are changing the dynamics around youth employment in their communities," said Brandee McHale, president of the Citi Foundation. "Through the Youth Workforce Fund, we're supporting those organizations that are expanding the skills of young people, building their networks, and connecting them to jobs."
The Youth Workforce Fund is comprised of leading community organizations from 15 U.S. cities including Buffalo, N.Y.; Chicago, Ill.; Dallas, Texas; Florence, Ky.; Jacksonville, Fla; Los Angeles, Calif.; Miami, Fla.; Newark, N.J.; New York, N.Y.; San Francisco, Calif.; Sioux Falls, S.D.; Tampa, Fla.; Tucson, Ariz.; Washington, D.C.; and Wilmington, Delaware. Each organization is receiving $250,000 in financial support in addition to technical assistance and an opportunity to share best practices.
America's Promise Alliance, the largest coalition of youth-serving organizations across the United States, will help us promote the adoption of new ideas that arise from Youth Workforce Fund programming. "We know that for many youth there is not one straight line to success and that the more opportunities young people have to work in real-world environments, the better chance they have for future economic mobility and success" added John Gomperts, President & CEO of America's Promise Alliance. "The programs supported by the Youth Workforce Fund reflect different pathways into the workforce that are essential for helping more young people beat the odds."
The Citi Foundation is proud to partner with the following community organizations:
Visit the Youth Workforce Fund website to learn more.
The Citi Foundation
The Citi Foundation works to promote economic progress and improve the lives of people in low-income communities around the world. We invest in efforts that increase financial inclusion, catalyze job opportunities for youth, and reimagine approaches to building economically vibrant cities. The Citi Foundation's "More than Philanthropy" approach leverages the enormous expertise of Citi and its people to fulfill our mission and drive thought leadership and innovation. For more information, visit www.citifoundation.com.
America's Promise Alliance
America's Promise Alliance leads an alliance of organizations, communities and individuals dedicated to making the promise of America real for every child. As its signature effort, the GradNation campaign mobilizes Americans to increase the on-time high school graduation rate to 90 percent by 2020 and prepare young people for postsecondary enrollment and the 21st century workforce. For more information, visit www.americaspromise.org.
Elizabeth Kelly, 212.559.2477