Launch in washington d.c. with the support of Capital One and the A. James & Alice B. Clark FoundationAlliance will work to close racial, income and opportunity gaps through a new collaborative approach
WASHINGTON, April 7, 2022 /PRNewswire/ — Continuing to develop innovative solutions that connect underrepresented talent to high-quality jobs, nonprofit workforce development organization Year Up announced today that she joined Per Scholas, Capital Partners for Education (CPE), Genesys Works and New Futures in The Talent for Tomorrow Alliance, with the five nonprofits co-located in a new office space at 609 H Street, NE, at washington d.c.. With seed funding from Capital One and the A. James & Alice B. Clark Foundation, the Alliance will support participants throughout their graduate studies and professional journeys.
“Working together, the Alliance addresses a broader social justice issue around the inequitable distribution of economic opportunity in the DC Metro area,” said John Galante, Managing Director of Financial Services at Year Up. “The Alliance will leverage the strengths of each nonprofit organization and strive to close racial, income and opportunity gaps by developing a new collaborative paradigm that invests in a pool of diverse and skilled talent to drive growth. growth in the region.
In 2018, Year Up and Per Scholas partnered to provide attendees at their National Capital Region locations with in-demand technical and career training as well as training on industry-specific certifications. With support from Capital One, the partnership has expanded to include CPE and New Futures to provide participants with academic mentorship and a scholarship. Genesys Works then joined the Alliance to provide an internship experience for high school students.
The Alliance has already proven to broaden employment outcomes for young adults. On average, students who only attend Per Scholas or Year Up earn $20–$22 per hour, while those who have completed both programs and achieved industry certification earn $32 per hour.
“Capital One is proud to be an inaugural investor in the Year Up program and The Talent for Tomorrow Alliance,” said Kerone Vatel, Head of Community Impact and Investing at Capital One. “This partnership, and the proximity of these five groups operating in the same building, should foster increased earning potential for young adults in the DC metro area. Early results from this partnership are promising, and we look forward to provide more young adults with this opportunity.”
Capital One has hosted over 270 Year Up interns and hired over 130 Year Up graduates to date.
The partners of the Talent for Tomorrow Alliance are:
Capital Partners for Education (CPE)which provides one-on-one mentoring to low-income DC high school students to help them prepare for college and their careers.
Genesys workswhich helps high school students prepare for college and train the workforce with a technical and vocational skills summer camp and a one-year paid internship program.
New futureswhich provides scholarships and other forms of support for students to pursue post-secondary education.
By Scholas (National Capital Region), which advances economic equity through rigorous training for technology careers and connects qualified graduate talent with leading employers.
Year up to (National Capital Region), which offers a one-year college-accredited workforce training program and work placements for young adults (ages 18-26).
In addition to working with young adults, the Alliance also raises awareness and educates employers on more inclusive hiring practices and the importance of a diverse workforce. Additionally, the Alliance will serve as a model for other cities in how non-profit workforce development organizations can work together to enable diverse talent to launch professional careers, ensuring safety financial support for themselves and their families.
Nationally, 80% of Year Up graduates are employed and/or in post-secondary education within four months of program completion, with average starting salaries of $44,000/year. In May 2021the federally-sponsored Year Up Pathways for Advancing Careers and Education (PACE) follow-up evaluation showed that over the four years following the program, young adults randomly assigned to Year Up gained 30-40% of more than similar young adults in a control group – the largest lasting impact on earnings reported to date for a workforce program tested in a randomized controlled trial.
About Year Up Inc.
Year Up is a national 501(c)3 workforce development organization committed to ensuring equitable access to economic opportunity, education, and justice for all young adults, regardless of their origins, their income or their postal code. Year Up is offered free of charge to participants and uses a high expectation, high support model where students learn in-demand technical and professional skills and apply them during a work placement. Year Up has served more than 36,000 young adults in 19 geographies since its inception in 2000 and was voted one of the “Best Nonprofits to Work For” by The NonProfit Times. Nationally, 80% of Year Up graduates are employed or attending college within four months of completing the program, with an average starting salary of $44,000/year. To learn more, visit www.yearup.org and follow us on LinkedIn, Facebook, Instagram and Twitter.
About Per Scholas
Per Scholas is a national organization that has been advancing economic mobility for 25 years. Through rigorous training, professional development and strong employer relationships, we prepare those traditionally underrepresented in technology for high-growth careers in the industry. We partner with leading employers to create more diverse talent pools, directly connecting our graduates to new career opportunities at companies ranging from Fortune 500 companies to innovative startups. With campuses in 17 cities, Per Scholas has trained more than 14,000 people in technology skills, building pathways to careers in technology. To learn more, visit PerScholas.org.
Capital Partners for Education
Since 1993, Capital Partners for Education has provided one-on-one mentorship and academic and career success programs to low-income students in washington d.c. – region. We currently support over 500 students enrolled in 17 washington d.c. – area high schools and more than 80 colleges and universities across the country. Our mission is to support students from academia through high school and college, so they can graduate with the skills and experiences needed to thrive in lasting careers. To learn more, visit www.cpfe.org.
About Genesys Works
Genesys Works provides pathways to career success for emerging young professionals from historically excluded communities who are entering their senior year in high school through professional training, meaningful work experiences, and impactful relationships. Our program includes 8 weeks of technical and professional training, paid internships in large companies, academic and professional coaching and alumni support for and through the acquisition of professional and / or university degrees. Our goal is to create career opportunities and economic equity in all community so that all people, regardless of race, gender, ethnic origin or socio-economic status, have equitable access to career opportunities leading to sustainable economic mobility. Since its inception in 2002, Genesys Works has grown to serve thousands of students each year in Houston, Chicago, Minneapolis/St. Paulthe San Francisco Bay Area, from washington National Capital Region and New York City, and seeks to expand rapidly into 100 cities over the next ten years. To learn more, visit genesysworks.org.
About New Futures
New Futures invests in the bright future of our scholars through a deliberate combination of scholarships, academic and professional advice, opportunities to build networks and skills, and lots of heart – all the way to through community college and into rewarding, in-demand careers.
About Capital One
Capital One Financial Corporation is headquartered in McLean, Virginia. Its subsidiaries, Capital One, NA and Capital One Bank (United States), NA, offers a wide range of financial products and services to consumers, small businesses and commercial customers. We apply the same principles of innovation, collaboration and empowerment in our commitment to our communities across the country that we apply in our business. We recognize that helping to build strong and healthy communities – good places to work, good places to do business and good places to raise a family – benefits everyone and we are proud to support this initiative and others. community initiatives.
About the A. James & Alice B. Clark Foundation
The A. James & Alice. The B Clark Foundation partners with grantees who make practical, immediate, and tangible connections between effort and opportunity, and focuses its investments in the following areas: training engineers to solve society’s toughest problems , improve the lives of veterans and their families, and provide members of the DC community with the best opportunity to thrive. Learn more at clarkfoundationdc.org.
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