The youth unemployment crisis could cost our country more than $20 billion in lost earnings over the next decade alone.
Boston, MA (PRWEB) June 25, 2014
Recognizing Year Up’s leadership in connecting young adults with meaningful careers, leaders from MDC Partners, Microsoft, salesforce.com and Symantec are partnering with Year Up to make Clinton Global Initiative (CGI) Commitments to Action at the CGI America.
At the 2014 CGI America meeting, Former Secretary of State Hillary Rodham Clinton announced Job One, a major set of commitments focused on improving job pathways for youth in the United States. Ten leading companies — including four Year Up partners — joined Secretary Clinton on stage during the plenary “Charting a New Course: Education and Employing America’s Future Leaders” to share their commitments to expand pathways to work for young people.
“One of the most terrifying statistics is that nearly six million young Americans between the ages of 16 and 24 are out of school and out of work,” said Secretary Clinton, citing economists’ predictions that “the youth unemployment crisis could cost our country more than $20 billion in lost earnings over the next decade alone.”
Secretary Clinton is prioritizing youth employment as one of the key issues for her work at the Clinton Foundation, and believes that business-led initiatives will play a critical role in addressing this important economic challenge. The Clinton Foundation is working closely with businesses and leading nonprofits, economists, and advocates across the country to identify and scale effective ways for companies to address their core business needs through engaging our nation’s opportunity youth.
“These ten leading companies are exemplary for their commitment to create employment pathways for ‘Opportunity Youth’ and for recognizing the value that these motivated, talented individuals bring to their organizations,” said Year Up Founder and CEO Gerald Chertavian. “Year Up is honored to be a key partner in four of these initiatives.”
Lauded by President Barack Obama for its proven track record of success, Year Up is a national nonprofit job training program that provides young adults with six months of technical and professional skills training followed by a six-month internship at companies like Microsoft and salesforce.com. Eighty-five percent of Year Up’s alumni are employed and/or attending college full-time within four months of completing the program. The commitments announced at CGI America will allow Year Up to scale its existing programs and extend into new areas of technical training.
Symantec, an information protection expert, announced the Symantec Cyber Career Connection, a pilot program designed to train opportunity youth for jobs in cyber security. The pilot will be implemented through a network of partners, including Year Up at its sites in Baltimore and the Bay Area. “Symantec is committed to making it possible for people to enjoy the full benefits of the connected world while helping resolve a profound social issue of under-employment,” said Aled Miles, Senior Vice President, The Latin American Geography & Global Strategic Accounts, Symantec. “Our heritage as a leader in cybersecurity makes addressing this issue a natural fit, but we couldn’t do it alone. Much of the success of this program will be through our partnerships with leading educational and workforce development nonprofits Year Up and NPower, and we’re excited to work together to build these skills to protect the future.”
MDC Partners, a global advertising and marketing services network, committed to hosting 25 Year Up interns with plans to develop a Year Up talent pipeline. "At MDC Partners we believe that great talent fuels innovation and drives success" said Miles Nadal, Chairman and CEO of MDC Partners. “By partnering with Year Up, and formalizing our Commitment with Clinton Global Initiative, we will empower young people with the means and opportunity to elevate themselves and achieve their full potential. In doing so, we aim to inspire the next generation of leaders, while helping to improve families, communities and our entire workforce.”
Microsoft and salesforce.com are longtime Year Up partners, and announced plans to increase their support for Opportunity Youth. For Microsoft, this includes working with Year Up Puget Sound to develop a pathway for Year Up graduates to serve as customer service advisors in its retail stores, and to host more Year Up interns at its corporate headquarters. “IT internships can be a great entrée to an exciting career in the growing tech field, and Microsoft is very pleased to offer this opportunity to more young people in the U.S. through our YouthSpark initiative and the Year Up organization,” said Lori Forte Harnick, General Manager, Citizenship and Public Affairs, Microsoft.
The Salesforce.com Foundation announced a multi-year commitment to numerous educational initiatives around Technology, and salesforce.com committed to hosting more Year Up interns and hiring more Year Up graduates. "We've been a partner with Year Up since they arrived in the San Francisco Bay Area in 2008 and are excited to continue to grow our partnership," said Salesforce.com Foundation President Suzanne DiBianca. "Year Up has a proven model of preparing youth for careers in technology through intensive career-readiness training and hands-on work experience. Salesforce.com has hosted more than one hundred interns to date and we look forward to doubling that number over the next three years."
About Year Up Inc.
Year Up's mission is to close the Opportunity Divide by providing urban young adults with the skills, experience, and support that will empower them to reach their potential through professional careers and higher education. Year Up achieves this mission through a high support, high expectation model that combines marketable job skills, stipends, internships and college credits. Its holistic approach focuses on students' professional and personal development to place these young adults on a viable path to economic self-sufficiency. Year Up currently serves more than 2,100 students a year at sites in Atlanta, Baltimore, Boston, Chicago, Miami, New York City, Philadelphia, Providence, San Francisco Bay Area, the National Capital Region, and Puget Sound (Seattle). To learn more, visit http://www.yearup.org or http://www.youtube.com/yearupinc.
About Clinton Global Initiative America
The Clinton Global Initiative America (CGI America), a program of the Clinton Global Initiative addresses economic recovery in the United States. Established in June 2011 by President Bill Clinton, CGI America brings together leaders in business, government, and civil society to generate and implement commitments to create jobs, stimulate economic growth, foster innovation, and support workforce development in the United States. Since its first meeting, CGI America participants have made over 300 commitments valued at more than $15 billion when fully funded and implemented. To learn more, visit cgiamerica.org.
Established in 2005 by President Bill Clinton, the Clinton Global Initiative (CGI), an initiative of the Bill, Hillary & Chelsea Clinton Foundation, convenes global leaders year-round and at its Annual Meeting to create and implement solutions to the world’s most pressing challenges. CGI also convenes CGI University, which brings together undergraduate and graduate students to address pressing challenges in their communities and around the world. To date, members of the CGI community have made more than 2,800 Commitments to Action, which are already improving the lives of more than 430 million people in over 180 countries. When fully funded and implemented, these commitments will be valued at $103 billion. For more information, visit clintonglobalinitiative.org and follow us on Twitter @ClintonGlobal and Facebook at facebook.com/clintonglobalinitiative.
About MDC Partners Inc.
MDC Partners is one of the world's largest Business Transformation Organizations that utilizes technology, marketing communications, data analytics, insights and strategic consulting solutions to drive meaningful returns on Marketing and Communications Investments for multinational clients in the United States, Canada, and worldwide.
MDC Partners' durable competitive advantage is to Empower the Most Talented Entrepreneurial Thought Leaders to Drive Business Success to new levels of Achievement, for both our Clients and our Shareholders, reinforcing MDC Partners' reputation as "The Place Where Great Talent Lives."
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Founded in 1975, Microsoft is the worldwide leader in software, services, devices and solutions that help people and businesses realize their full potential.
Salesforce.com is the world’s largest provider of customer relationship management (CRM) software. For more information about salesforce.com, visit: http://www.salesforce.com.
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Symantec Corporation is an information protection expert that helps people, businesses and governments seeking the freedom to unlock the opportunities technology brings – anytime, anywhere. Founded in April 1982, Symantec, a Fortune 500 company, operating one of the largest global data-intelligence networks, has provided leading security, backup and availability solutions for where vital information is stored, accessed and shared. The company’s more than 20,000 employees reside in more than 50 countries. Ninety-nine percent of Fortune 500 companies are Symantec customers. In fiscal 2013, it recorded revenues of $6.9 billion. To learn more go to \http://www.symantec.com or connect with Symantec at: go.symantec.com/socialmedia.