September 27 2014
The Department of Justice and the Office of Juvenile Justice and Delinquency Prevention Grants Operation HOPE $1,000,000 to Take Youth Empowerment Program to Scale
Award furthers nonprofit's national initiative, to empower underserved communities by teaching financial empowerment to youth and adults by 2020, Project 5117
LOS ANGELES – September 29, 2014 – Financial empowerment nonprofit Operation HOPE announced today, a $1,000,000 award from The Department of Justice (DOJ), as part of their Multi-State Mentoring Initiative. The grant will help take HOPE Business In A Box Academies (HBIABA) to scale and dramatically increase the number of HOPE Business Role Models and Business Mentors in six U.S. cities where at risk and unserved youth are present.
The overarching goal of the partnership grant is to create opportunities for at-risk and underserved youth between the ages of 12 and17 who are least likely to have trusting relationships with adults due to a variety of risk factors. This is in direct alignment with HOPE's Project 5117 goal to increase the 5% national average of business role models and internships to 20% by the 2020.
The objective of HBIABA is to ignite a generation of entrepreneurs and “intrapreneurs,” and ultimately lessen income inequality, grow new wealth creation, and stimulate a new era of jobs. HBIABA helps build a foundation of financial knowledge, develop career plans and skills, prepare for productive work, and explore entrepreneurial opportunities through structured and supportive relationships with trusted, caring, community role models.
HBIABA is designed to overall enable a pathway for participants to make a successful transition to post-secondary education, a career, or to start their own businesses. This is facilitated through direct engagement with Business Role Models and job opportunities with local employers.
Project 5117 is HOPE’s national initiative delivered through a broad range of programs and services, including, homeownership counseling, to credit card debt management, a program that helps those with low credit scores raise their score to 700, and the comprehensive entrepreneurship-training for youth and adults. Through HBIABA it aims to empower 1 million youth by year 2020. The program is also supported by a 100-year partnership with the Gallup Organization. This effort reconnects education with aspiration in the lives of youth and emphasizes the importance of mentoring. By the year 2020 there will be 2,000 HOPE Business In A Box Academies across the United States, in both urban and rural communities.
HOPE will measure the impact of the grant through partnership with Gallup and the implementation of the Gallup-HOPE Index.