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February 06 2014

Working Group Discussions Held at the 2013 HOPE Global Financial Dignity Summit Reveal the Importance of Training

 

The Youth Economic Energy and Entrepreneurship and the Sustainable Financial (Access to Capital) sessions highlight training

 ATLANTA – February 6, 2014 – Today, Operation HOPE shared the results from two important working group sessions held at the 2013 HOPE Global Financial Dignity Summit, reporting a significant number of participants polled believe that “training” plays a key role in developing youth, as well as building sustainable finance. 

 The two sessions, “Youth Economic Energy and Entrepreneurship” and “Sustainable Finance (Access to Capital)” revealed coaching or training as a common denominator. While delegates identified “providing mentorship opportunities” as the second most important goal for the Youth session, participants from the Sustainable Finance working group identified “getting leaders and investors into educating, coaching entrepreneurs for effective financial planning” as its second most important goal – making training a common ground. 

The discussion for Youth Economic Energy and Entrepreneurship, led by group Co-Chairs Curley Dossman of Georgia-Pacific Foundation; Tim Wennes of Union Bank; and Phillippe Bourguignon of Revolution Places and Exclusive Resorts revealed the top two solutions that should be implemented in the community included: 1) Teaching youth communications skills (i.e. business etiquette, speaking across cultures and other soft skills) 2) Providing mentorship opportunities. 

Serving as Co-chairs for the working group on Sustainable Finance (Access to Capital) were Managing Director of The Banking Association of South Africa Cas Coovadia; Regional Administrator for Region IV U.S. Small Business Administration Cassius Butts; and President Kaplan University Wade Dyke. During the session, delegates found the two most popular aims for achieving sustainable finance were 1) Leveraging crowd-funding, micro-loan programs, and other non-traditional funding sources. 2) Getting leaders and investors into educating, coaching entrepreneurs for effective financial planning.

The combined final results for all eight sessions are set to be published first quarter of 2014. This report will detail the recommendations and findings from the discussions held at the working group meetings. 

These solutions play a significant role in shaping the agenda for HOPE’s financial literacy agenda. The 2013 Summit working group sessions provide the framework that will position private sector best practices and public sector policy building blocks necessary for expanding HOPE’s Silver Rights mission to promote free enterprise. 

Attended by more than 1,300 delegates, the HOPE Global Financial Dignity Summit was held in partnership with the City of Atlanta. It explored the topic “Global Economic Recovery:How The Poor Can Help Save Capitalism,” and framed the issue of financial inclusion, small business, entrepreneurship, jobs, and financial dignity as essential core ingredients to mid and long-term economic recovery and stability, here and abroad.

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