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June 01 2011

Operation HOPE to Participate in White House Urban Entrepreneurship Summit Hosted by Obama Administration and Rutgers Business School in New Jersey

HOPE Founder John Bryant, others to speak on Obama’s call to re-develop the entrepreneurial spirit in America’s cities as a strategy to succeed in the global economy

Summit to be streamed live online here

Washington, DC – June 1, 2011 – Financial literacy and entrepreneurial empowerment nonprofit Operation HOPE, Inc. (HOPE), will participate in a summit hosted by the White House Business Council, Office of Public Engagement and Domestic Policy Council and the Rutgers Business School’s Center for Urban Entrepreneurship & Economic Development (CUEED). The day-long summit will focus on developing strategies to strengthen urban entrepreneurship and involve: Startup America Partnership; Mayor Cory Booker of Newark, Russell Simmons; the Fund for Public Advocacy – Office of the New York City Public Advocate; the Small Business Administration (SBA); the Minority Business Development Agency (MBDA); and the Department of Housing and Urban Development (HUD). The event will take place on June 6, 2011 from 8:30 a.m. to 5:00 p.m. at the Paul Robeson Campus Center at Rutgers State University.

“Individuals need to realize that in this challenged economy they must increasingly rely on themselves to create their own job,” said business bestselling author of LOVE LEADERSHIP: the New Way to Lead in a Fear-Based World, Operation HOPE Founder, Chairman and CEO John Hope Bryant, who currently serves as a member of the U.S. President’s Advisory Council on Financial Capability. “Those who currently see a wall in front of them, need to find a way over it or around it. This summit will focus on developing best practices so that we can teach people how to do just that.”

In line with President Obama’s vision to win the future by out-innovating, out-educating and out-building the rest of the world – a plan critical for America’s cities, the summit will focus on solutions to these challenges. As entrepreneurship plays a central role in creating jobs and economic opportunity, the Obama Administration and the forum’s participants are committed to creating public-private partnerships to support current entrepreneurs and spark a new generation of urban entrepreneurs. HOPE is committed to supporting President Obama’s Strategy for American Innovation which seeks to harness the ingenuity of the American people to ensure economic growth.

Featured speakers and panelists at the summit will include:

John Hope Bryant, Founder, Chairman & CEO, Operation HOPE, Inc.
The Honorable Cory Booker, Mayor, Newark, New Jersey
Marie Johns, Deputy Administrator, U.S. Small Business Administration
Derek Douglas, White House Senior Advisor to the President for Urban Affairs
Russell Simmons, Founder, Rush Communications
Paul Quintero, CEO, ACCION USA
Bill de Blasio, New York City Public Advocate

On February 5, 2011, in response to President Obama’s State of the Union call for entrepreneurship, HOPE hosted an event where volunteers comprised of White House staff, White House interns and students from the Howard School of Business, brought a message of empowerment, entrepreneurship and innovation to DC-area students.

HOPE is focused on urban entrepreneurship through an array of programs that support the community. The FIVE MILLION KIDS Initiative, iHOPE Program and Banking on Our Future have inspired and educated almost 600,000 youth. A network of HOPE Financial Literacy Empowerment Centers are located throughout the country and provide adults with financial literacy and entrepreneurship training programs through a variety of economic education and entrepreneurship services.  

About Operation HOPE, Inc.
Founded in 1992, social empowerment nonprofit Operation HOPE’s mission is to expand economic opportunity in under-resourced communities through financial literacy education. HOPE promotes "silver rights" – making free enterprise and capitalism relevant and effective for the underserved. Raising more than $500 million and directing and restructuring nearly $500 million more in mortgages and economic support from the private sector, for a total of approximately $1 billion dollars in economic activity, HOPE seeks dignity and empowerment for all. Follow Operation HOPE at www.operationhope.org,www.twitter.com/operationhope, and www.facebook.com/operationhope.

About The Center for Urban Entrepreneurship & Economic Development (CUEED):  The Center for Urban Entrepreneurship & Economic Development (CUEED) at Rutgers Business School – Newark and New Brunswick is the first center of its kind in the nation to integrate scholarly works with private capital, government, and non-profit sectors to develop citywide resources and bring renewed economic growth and vitality through urban entrepreneurship. We promote and foster a new generation of urban entrepreneurs who actively seek socially conscious urban renaissance. For more information about CUEED visit http://www.business.rutgers.edu/cueed.