As supported by a national alliance with the U.S. Consumer Financial Protection Bureau (CFPB), and with the ongoing support of the American Bankers Association and Protective Life, Project 5117’s mission is to strengthen the economy by focusing on empowering those who earn less than $50,000 a year. Led by co-chairs Dr. Bernice King, Ambassador Andrew Young and John Hope Bryant, Project 5117 is supported by a broad range of services, from 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 course HOPE Business In A Box Academies.
Project 5117 stands for:
5 million youth empowered with a new level of financial literacy through unique financial dignity education programs, that have successfully been taught in 3,500 schools across the country. The program ensures basic consumer protection education for a generation, while making smart cool, so they stay in school.
1 million of these empowered youth will have an opportunity to become future entrepreneurs and local job creators through HOPE Business In A Box Academies, supported by a 100-year partnership with the Gallup Organization. This effort powerfully reconnects education with aspiration in the lives of our youth. 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. 2013 Pilot Results
1,000 first-ever bottom-up empowerment centers, branch banks with HOPE Inside units spread through out America and 5,000 certified locations containing “HOPE Inside Plus” units. This plan is consistent with the long-term growth strategies of top regional and money-center banks, and appreciates the under-utilized, 100,000 unit branch banking network across America.
700 Credit Score Communities will be attained through the expansion of HOPE Inside and “HOPE Inside Plus” locations. These communities will have access to credit counseling, education on credit and money management, and debt management, offered in an individual or group setting.
With the launch of this next phase of Operation HOPE’s work, which operates at the level of national scale, and measurable local impact -- community-by-community and across the country -- we are now injecting into society a pragmatic and tangible plan of action, which everyone can play a meaningful role in. It is our way of answering some of the questions posed by Dr. King in the Poor People’s Campaign, in both word and deed.