The has announced the launch of a three-year, $50 million initiative to improve the job prospects of low-income youth in ten cities across the country.
Through the initiative, Citi will work with community partners, government officials, and Citi volunteers to help a hundred thousand low-income youth between the ages of 16 and 11 develop the workplace skills and experience they need to secure jobs and begin to develop a career path. The initiative, the largest single commitment ever made by the foundation, will foster career readiness through civic engagement activities, summer employment opportunities, and entrepreneurship training in Boston, Chicago, Dallas, Los Angeles, Miami, New York, Newark, St. Louis, San Francisco, and Washington, D.C.
The first phase of the initiative includes three components: ServiceWorks, an effort coordinated by the in partnership with the foundation and , the world's leading volunteer organization, to deploy two hundred and twenty-five members to help low-income youth and young adults develop the leadership and workplace skills they need to prepare for college and careers; Summer Jobs Connect, an effort administered by the to connect youth in five of the partner cities with meaningful summer job opportunities; and Make Your Job, an initiative led by the to establish youth entrepreneurship camps that empower participants to "make their own job" through self-employment and the development of an entrepreneurial mindset. Additional programs will be developed during the course of the three-year campaign.
"If we want a strong labor force for generations to come, we need to make sure our country's youth are prepared to meet the evolving needs of employers," said Citi chief executive officer Michael Corbat. "Through Pathways to Progress, we will connect young people with opportunities to fuel their own career ambitions and develop the skills that are needed in a twenty-first century economy. The professional success and civic engagement of our young men and women are critical to our economic competitiveness, and we are proud to support them."