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May 11 2012

Operation HOPE’s Youth Initiatives Highlighted at White House Summit on Financial Capability

HOPE Founder John Bryant Participates in Role as Chair of the Subcommittee on the Underserved and Community Empowerment for the President’s Advisory Council on Financial Capability 

 

The White House today hosted a special Summit on Financial Capability and Empowerment to share measures for empowering students nationwide. Operation HOPE Founder, Chairman and CEO John Hope Bryant was on hand at the summit to share HOPE initiatives around empowering low-to-moderate American youth and adults.

“Today’s summit drew attention to the importance of financial empowerment for all Americans, with particular focus on youth,” Bryant, announced from the White House Summit. “I commend the Obama Administration and John Rogers and Amy Rosen, who chair the President’s Advisory Council on Financial Capability, for demonstrating the leadership to shine a light on the important issues that the summit will address.”

“Few things could be more important than assuring that our nation’s youth are prepared, engaged and up to the task of keeping America’s competitive edge,” Bryant continued.  “In answer to the White House Summer Jobs + Initiative and beyond, Operation HOPE has cultivated programs that will give students the ability to learn through on the job training, an opportunity to be their own boss, as well as an index to track measureable outcomes.”

Operation HOPE responded to the President’s challenge employee youth, creating programs in cities nationwide that go beyond summer jobs, but also is part of the strategy for spurring job growth in industries of the future, educating and cultivating a work force, and making it easier for businesses to create and maintain American jobs.

The White House today announced two HOPE programs instituted to empower American youth:

  • Denver Public Schools and Operation HOPE: Denver Public Schools is launching a new effort to increase student financial literacy in Far Northeast Denver to connect more than 1,500 low and moderate-income middle and high school students with business executives from across the city. Students will learn the ins and outs of running a small business through these mentorships, and then will get their chance to start their own operation. Student businesses will then be tracked by Gallup using the Gallup-HOPE Index throughout the year to determine how successful their individual projects are. The goal is to teach students how to create financial goals, set budgets and then work within their means as they try to accomplish their goals in a project-based environment.
     
  • Oakland Unified School District and Operation HOPE: Oakland Unified School District (OUSD) is expanding their partnership to deliver “Banking on Our Future” financial literacy education to every 4th – 12th grade student, approximately 14,000 students, in the Oakland Public Schools. This project will launch the Gallup HOPE Index and the HOPE Business-in-a-Box initiative. The project will consist of small businesses and entrepreneurial endeavors run by students which are easy to start, fund and operate and tailored for the interests and capabilities of Oakland youth. The Gallup HOPE Index will measure each student’s level of hope, well-being, engagement, financial literacy, and economic energy.
     
For a complete list of financial empowerment programs announced by the White House today, click here.

A global nonprofit, dedicated to financial dignity, Operation HOPE promotes self-respect and self-sufficiency through financial literacy and education tools to underserved communities in more than 273 cities worldwide. Through its four core portfolios, the organization has provided youth and adult financial literacy, economic preparedness, digital empowerment, promoted home ownership, and assisted with foreclosure prevention to more than 2 million individuals. This year, HOPE celebrates 20 years of making the free market system work for low-income communities in a Silver Rights Movement meant to help make free enterprise and capitalism work for the poor and undeserved.

The President’s Advisory Council on Financial Capability is leading a nationwide effort to promote local Councils to spearhead financial capability initiatives nationwide.