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June 21 2013

Operation HOPE Participates in 3rd Annual CGI America

CHICAGO – June 21, 2013 -- Operation HOPE (HOPE) Founder, Chairman and CEO, John Hope Bryant and President of the Global Youth Empowerment Group, Mary Hagerty Erhsam attended the 3rd Annual Clinton Global Initiative America, announcing two commitments by Operation HOPE that target both youth engagement and adult financial empowerment.

Hosted by President Bill Clinton from June 13-14, 2013 in Chicago, CGI America  focused on finding solutions that promote economic recovery in the United States. This year’s meeting brought together more than 1,000 leaders from the business, foundation, NGO, and government sectors to develop solutions that increase employment, advance access to education and skills development, strengthen energy security, and promote an environment for business growth and innovation.

HOPE participated in both the “Financial Inclusion” and the “Reconnecting Youth” working group sessions.

“We are pleased to contribute to the success of this great initiative,” said Bryant. “We hope that our work in youth and adult empowerment will be a boost in helping the Clinton Global Initiative America come closer to meeting its goals.”

The CGI commitments stem from successful HOPE programs, including Banking on Our Future which promotes financial literacy for youth and programs offered through and at the  HOPE Financial Dignity Centers for adults.

America 2020 harvests the tools of the Gallup HOPE Index, HOPE Business In A Box and Banking on Our Future as a national initiative to abolish the high school dropout rate and unlock the innovativeness of America’s youth to create long-term economic energy. The second pledge revolves around the creation of stakeholders in underserved communities. HOPE’s goal is to create a network of HOPE Inside offices that will operate within an existing bank branch, credit union, retail supermarket or shopping center, and provide financial resources, literacy and counseling for clients.

The collective goals for these two commitments are to:

  • Empower five million youth with a new level of financial literacy through a financial dignity education program. A generation will receive consumer protection education and become awe-inspiring examples of why youth should stay in school.
  • Provide one million of these students  with the opportunity to become future entrepreneurs and job creators through HOPE Business In A Box Academies powered by HOPE’s 100-year partnership with Gallup.
  • Quadruple the percentage of students with  an active business role model from 5% to 20% measured by the Gallup-HOPE Index.
  • Establish 1,000 HOPE Inside locations throughout the U.S. focused on increasing the average credit scores in underserved HOPE communities by an average of 110 points to 700.

The mission of CGI is to turn ideas into action. Established in 2005 by President Bill Clinton, CGI is a division  of the Clinton Foundation, convenes global leaders to create and implement innovative solutions to the world's most pressing challenges. CGI Annual Meetings have brought together more than 150 heads of state, 20 Nobel Prize laureates, and hundreds of leading CEOs, heads of foundations and NGOs, major philanthropists, and members of the media.

Since its first meeting in June 2011, CGI America participants have made more than 170 commitments valued at $13.4 billion when fully funded and implemented. The commitments made during the 2012 CGI America meeting will create or fill more than 32,000 jobs, provide more than 117,000 people with access to job training, and support entrepreneurs with nearly $176 million in investments or loans.

Since HOPE’s inception in 1992, the global nonprofit has focused on financial dignity. To date HOPE has empowered more than 2 million individuals and directed more than $1.5 billion in private capital to America's low-wealth communities. It has recruited a growing army of 20,000 HOPE Corps volunteers, and helped raise average credit scores for financial case management clients more than 120 points over an average 18-month period. It currently serves more than 300 U.S. cities, as well as South Africa, Saudi Arabia, Morocco, and most recently, the United Arab Emirates. Its effort to empower underserved communities, is a “silver rights” mission to make free enterprise work for everyone. 

For more details on how to support HOPE’s work with CGI America commitments, please contact Shannon Campbell, Managing Director of HOPE Global Initiatives at Shannon.Campbell@operationhope.org.