Collaborative effort to assist individuals in
eight cities earn livable wage
Please replace the release dated June 29, 2021 with the
following corrected version due to multiple revisions.
The updated release reads:
FIFTH THIRD FOUNDATION INVESTS $1 MILLION
INTO NATIONAL URBAN LEAGUE WORKFORCE DEVELOPMENT PROGRAM
The Fifth Third Foundation and the National Urban League today
announced a new workforce development program that will provide
career advancement opportunities through providing upskilling and
re-skilling services to under-employed participants over the course
of the next two years. This $1 million investment from the Fifth
Third Foundation will help individuals across eight selected
affiliate Urban League organizations gain meaningful employment and
earn a livable wage.
“We are pleased to deepen our relationship with the National
Urban League by establishing an initiative that provides a
foundation for individuals to develop and refine their skills,”
said Kala Gibson, Fifth Third’s head of business banking and chief
enterprise corporate responsibility officer who also serves as a
National Urban League board member. “Programs that address career
readiness are fundamental to leveling the playing field and giving
marginalized individuals a better chance to succeed.”
Studies show that, before COVID-19’s devastating impact on the
economy, occupations and industries such as retail, hospitality and
food services were vulnerable to workplace changes such as
increased automation. Those same studies also showed that these
jobs offered no pathway to career advancement and were
overrepresented by low-wage workers of color.
“Low-wage workers, already struggling before COVID-19, were made
even more vulnerable by the pandemic. With strategic intervention
from opportunities such as the Workforce Development Program, these
individuals can find a pathway to economic stability,” said Marc H.
Morial, National Urban League President and CEO. “Fifth Third
Foundation’s funding of this program along with Fifth Third Bank’s
collaboration with the National Urban League will create brighter
financial outcomes for those most in need as we move into a
post-pandemic world.”
The program will be offered in Charlotte, North Carolina;
Chicago; Cincinnati, Cleveland and Dayton, Ohio; Grand Rapids,
Michigan; Indianapolis; Louisville, Kentucky, and Nashville,
Tennessee. The affiliate cities were selected as a result of their
experience and the strength of their career advancement
employment-opportunity programs, the number of local underemployed
and unemployed workers, and strong community partnerships.
The program will provide career counseling services and connect
participants to career advancement credentialing and certification
opportunities. It also will provide training through the following
existing offerings:
- The Urban Apprenticeship Jobs Program, which creates employment
opportunities in communities with historically high numbers of
underemployed and underutilized workers through registered
apprenticeship and pre-apprenticeship programs. This program
focuses on those in the wireless infrastructure, construction,
telecommunications, information technology, manufacturing,
transportation and health care industries.
- The Urban Reentry Program, which provides formerly incarcerated
adults with the necessary skills and training to successfully
reenter the job market with positions that pay a living wage and
that can potentially lead to a career.
- Urban Tech Jobs Program, which trains unemployed individuals
for middle-skill occupations in the Information Technology (IT)
sector. By placing unemployed participants into entry-level IT
positions and coupling the work with training, participants can
progress to higher-wage occupations. This program offers
assessments, job readiness and resiliency curriculum, enrollment
into tech training courses and certification examination fee
coverage.
- The Urban Youth Program, an evidence-based program with a focus
on education and employment for youths aged 16 to 24 who have
either experienced the criminal justice system or who are
disadvantaged. This program involves career readiness and
occupational skills training, educational interventions, case
management, paid internships and mentorships.
Nila Kennedy-Young, a 17-year-old participant in the Urban Youth
Empowerment program in Cincinnati, said the job readiness and
professional development training that she has experienced are
preparing her for the future. “I’ve learned interviewing skills and
how to budget my finances. I will use what I’ve learned as I
prepare to go to college, enter the workforce and manage money.”
She said the Urban League staff and coaches were helpful. “Some
people don’t have a support system but the entire workforce team
was so supportive and encouraging. They were easy to talk to and
understanding. They would tell us, “once an Urban Leaguer, always
an Urban Leaguer” and we knew they cared about us.”
“Providing dollars to initiatives like the workforce development
program shows the continued dedication of the Fifth Third
Foundation to provide solutions for social issues such as
unemployment and underemployment,” said Heidi Jark, senior vice
president and managing director, Foundation Office at Fifth Third
Bank.
Fifth Third Foundation’s investment is part of the Fifth Third’s
$2.8 billion Accelerating Racial Equality, Equity and Inclusion
initiative that was introduced in 2020 with a specific focus on
Black employees, customers and communities. The workforce
development program directly aligns with the community workstream
of the AREEI strategy and demonstrates Fifth Third’s commitment to
social justice and advocacy work that provides greater access to
jobs and skills for minority and low-wage workers.
To learn more about the National Urban League’s Workforce
Development Program, please visit: https://nul.org/jobs. To learn
more about Fifth Third’s Accelerating Racial Equality, Equity and
Inclusion initiative, please visit: www.53.com/racialequity.
About the Fifth Third
Foundation
Established in 1948, the Fifth Third Foundation was one of the
first charitable foundations created by a financial institution.
The Fifth Third Foundation supports worthy causes in the areas of
health and human services, education, community development and the
arts in the states where Fifth Third Bank operates.
About the National Urban
League
The National Urban League is a historic civil rights
organization dedicated to economic empowerment in order to elevate
the standard of living in historically underserved urban
communities. The National Urban League spearheads the efforts of
its 90 local affiliates through the development of programs, public
policy research and advocacy, providing direct services that impact
and improve the lives of more than 2 million people annually
nationwide. Visit www.nul.org and follow us on Facebook, Twitter,
and Instagram: @NatUrbanLeague.
About Fifth Third
Fifth Third Bancorp is a diversified financial services company
headquartered in Cincinnati, Ohio, and the indirect parent company
of Fifth Third Bank, National Association, a federally chartered
institution. As of June 30, 2021, the Company had $205 billion in
assets and operates 1,096 full-service Banking Centers, and 2,369
Fifth Third branded ATMs in Ohio, Kentucky, Indiana, Michigan,
Illinois, Florida, Tennessee, West Virginia, Georgia, North
Carolina and South Carolina. In total, Fifth Third provides its
customers with access to approximately 53,000 fee-free ATMs across
the United States. Fifth Third operates four main businesses:
Commercial Banking, Branch Banking, Consumer Lending, and Wealth
& Asset Management. Fifth Third is among the largest money
managers in the Midwest and, as of June 30, 2021, had $483 billion
in assets under care, of which it managed $61 billion for
individuals, corporations and not-for-profit organizations through
its Trust and Registered Investment Advisory businesses.
Investor information and press releases can be viewed at www.53.com. Fifth
Third’s common stock is traded on the NASDAQ® Global Select Market
under the symbol “FITB.”
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210629005940/en/
Danielle Jones (Media Relations) Danielle.Jones@53.com |
513-534-0162 Chris Doll (Investor Relations)
Christopher.Doll@53.com | 513-534-2345
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