Goldman Sachs Honors Year Up Founder and CEO for Entrepreneurship

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Gerald Chertavian among 100 Most Intriguing Entrepreneurs at 2014 Builders + Innovators Summit.

Goldman Sachs (NYSE:GS) recognized Year Up Founder and CEO Gerald Chertavian as one of the 100 Most Intriguing Entrepreneurs of 2014 at its Builders + Innovators Summit in Santa Barbara, California.

Goldman Sachs selected Chertavian as one of 100 entrepreneurs from multiple industries to be honored at the two-day event. In 2000, Chertavian launched the innovative job-training and placement program Year Up in Boston to help bridge the Opportunity Divide for urban young adults. One of the fastest growing and most effective programs in the country, Year Up now has sites in 11 cities and serves more than 2,100 students each year. Eighty-five percent of Year Up graduates are employed or attending college fulltime within four months of completing the intensive one-year program, earning an average of $30,000/year.

“We’re continuing to grow and develop new models to provide businesses with a pipeline of qualified, skilled entry-level talent,” said Chertavian. “With more than six million young adults in the U.S. out of work and out of school, we’re honored by Goldman Sachs’ recognition of our commitment to continue innovating to dramatically scale our reach. We’re now developing custom, on-site solutions for employers with specific talent needs in areas such as marketing and cybersecurity, while also expanding our community college-based programs and standalone sites.”

“We are honored to recognize Gerald as one of the most intriguing entrepreneurs of 2014,” said David Solomon, co-head of investment banking at Goldman Sachs. "This is the third year for the summit and our goal remains the same. We pair seasoned and emerging entrepreneurs — the builders and innovators — from a diverse set of industries to discuss how to make vital, enduring companies that reshape industries and boost the world's economies through innovation."

For more than 140 years, Goldman Sachs has been advising and financing entrepreneurs as they launch and grow their businesses. In addition to honoring 100 entrepreneurs, the summit consists of general sessions and clinics led by Goldman Sachs experts, seasoned entrepreneurs, academics and business leaders as well as resident scholars.

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.

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Roberto Zeledon
Year Up
+1 617-542-1533 Ext: 1563
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Daisy Morin
Year Up
since: 03/2009
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