NEW ORLEANS, LA – Today, Mayor Mitch Landrieu and Goldman Sachs Chairman and CEO Lloyd Blankfein announced a $450,000 donation from Goldman Sachs Gives, the firm’s donor-advised fund, to the City’s summer jobs program. The donation will fund 300 positions in Mayor Landrieu’s NOLA Youth Works Summer Employment Program.
“One of my of my top priorities is creating jobs and opportunities for young people, and this donation will help hundreds of teens and young adults build their skills and resumes this summer,” said Mayor Landrieu. “We’re proud of the strong partnership we have with Goldman Sachs through the 10,000 Small Businesses program and other initiatives, and we applaud this additional investment in our emerging workforce. Private partners like Goldman Sachs are helping us leverage our limited public resources for valuable programs like this one.”
“Giving young people the skills and opportunities they need to succeed is critical to advancing their careers and, more broadly, contributing to the success of the local economy,” said Lloyd Blankfein, Chairman and CEO of Goldman Sachs. “We have a strong partnership with the City of New Orleans through our 10,000 Small Businesses program, and we are pleased to be able to strengthen it further with these funds that will create more jobs in the community.”
Goldman Sachs Gives has funded a similar summer jobs program in New York City for the past three years and is funding programs in several additional cities this year that have demonstrated strong management and strong leadership.
The announcement comes as Mayor Landrieu is attending the Aspen Ideas Festival in Aspen, Colorado, and will participate in a panel discussion tomorrow, June 26th, with Blankfein and others to discuss the importance of small businesses to municipal economies as well as the importance of establishing and scaling local economic development ecosystems.
The 2013 NOLA Youth Works Summer Employment Program is administered by JOB1, the Mayor’s Office of Workforce Development. It will serve 1,600 young people ages 13 to 21 with quality summer experiences to cultivate a career-ready workforce. NOLA Youth Works partners with private and non-profit companies and organizations to provide work experiences in safe, structured and properly supervised environments.”
“This generous gift from Goldman Sachs Gives is an investment in our city’s youth that will give them take an important step toward their career goals,” said Nadiyah Coleman, Director of the Office of Workforce Development. “This timely investment in our city's youth comes at a moment when many young people are struggling to find employment and will give thousands the opportunity to take that critical first step toward their career goals.”
Goldman Sachs Gives is a donor-advised fund through which Goldman Sachs and its senior employees can recommend grants to qualified non-profit organizations globally. Established in 2007, Goldman Sachs Gives supports charities in communities around the world with a focus on benefiting underserved populations. Its grants support programs that build and stabilize communities, increase educational opportunities, honor service and veterans, and create jobs and economic growth.
NOLA Youth Works includes the following components:
NORDC Teen Camp (ages 13-17) – The NORDC Teen Camp provides a career exploration program and leisure sports including golf and tennis. Breakfast and lunch daily and teens go on field trips weekly. Participants receive a $75 stipend for 30 hours weekly June 3-July 12, 2013.
Work and Learn (age 15) – With programming from various community partners, Work and Learn provides participants with grade level-specific instruction as well as career exploration, job readiness and project-based learning activities. Participants receive a $100 weekly stipend for 20 hours June 24-August 2, 2013.
Signature Program (ages 15-18) – A compilation of unique summer experiences, the Signature Program will provide participants opportunities in industries such as film and architecture. They will be immersed in learning through projects, community service, presentations and field trips. Participants will earn a $100 weekly stipend for 20 hours June 24-August 2, 2013.
NOLA Youth Corps (ages 16-21) – This program will combine traditional summer employment and community-based service learning projects in targeted neighborhoods. Participants will receive $8 an hour for 20 hours weekly June 24-July 26, 2013.
Junior Camp Counselor (ages 17-21) – Youth will serve as junior camp counselors at various camp sites throughout the metro area. Additional training and certification will be provided. Participants will earn $8 an hour for 30 hours a week during the five-week program.
Intern NOLA (ages 18-21) – Participants in this program, who will be selected based on their resumes and interviews, will intern in a local business, non-profit organization or public office. Internship positions will focus on research and short-term projects that provide impact to the host organization. Participants earn $10 an hour for 25-30 hours weekly. June 17-July 26, 2013.