Providence Chosen for Summer Youth Employment and Financial Capability Project

PROVIDENCE, RI – Mayor Angel Taveras was joined today by federal, state and local officials to announce the City of Providence’s selection as one of four cities nationwide in a pilot workforce readiness and financial literacy project for youth ages 14 to 21.

 

“The opportunity to learn money management skills as part of a young person’s job training prepares them well for life,” said Mayor Angel Taveras. “We are honored to be chosen by the Consumer Financial Protection Bureau for this pilot program.”

The Summer Youth Employment and Financial Capability Project was launched to reach young people early in their work years. Partnering with workforce agencies nationwide, the Consumer Financial Protection Bureau chose Providence and three other cities to pilot the program.

 

“At CFPB, we want to help first-time workers understand how to manage their new income, set some goals and save for their financial future; a summer job is the perfect opportunity to do that,” said Desmond Brown, program spet with the Office of Financial Empowerment of the federal Consumer Financial Protection Bureau.

 

The workforce readiness program consists of 20 hours of classroom training – three hours of which are in financial literacy and using the CFPB materials. Students are taught how to set money goals, saving targets and a spending plan; track and review spending; understand benefits of strong credit; identify the benefits and services offered by financial institutions and take steps to protect their identity. Practical examples and classroom instruction and discussion are used along with published take-home materials.

 

“This program represents our commitment to help youth pursue post-secondary education while learning about different career opportunities,” said Nicole Dufresne, executive director of the Boys & Girls Clubs of Providence. “Job readiness and financial literacy skills are not only critically important to our members as they enter adulthood; they also form the foundation to achieve their goals in the future—we couldn’t be more pleased to be part of this valuable initiative.”

 

“I am an employee of the Boys and Girls Clubs of Providence and have learned real life skills: how to control my money, how to understand taxes and how to deal with stress on the job,” said Jobanny Cabrera, 16, of Providence, who spoke at the press conference.  He is a rising senior at Mt. Pleasant High School and said he’d enjoyed the experience so much, he is now working on creating music lessons for other members of the Boys and Girls Club and hoping to teach art.

 

The announcement took place at the Fox Point Boys & Girls Club one of many participating agencies in this summer’s jobs program.

Leave a comment

Avatar About the Author: The Rhode Island Small Business Journal is a printed monthly magazine and an online resource for the aspiring and start-up entrepreneur and small business owner.

previous arrow
next arrow
Slider