Mayor Eric Garcetti today celebrated the kick-off of the 2013 Hire LA Youth Summer Employment Program at the Dunbar Hotel in South Los Angeles. This summer, the program will provide work experience to over 5,000 young people across Los Angeles. The jobs pay $8/hour and are approximately 120 hours over the course of six weeks.
“Providing summer jobs for our young people is one of the best investments we can make,” Mayor Garcetti said. “Summer jobs help at-risk youth stay on the right path. The lessons learned during a summer job prepare our youth for a lifetime in the workplace, and that makes L.A.'s workforce more attractive to companies."
This is Mayor Garcetti's first press conference as Mayor, demonstrating his commitment to summer youth jobs. Last year, he visited a summer job center in Watts and was disappointed to see them turning kids away. So as one of his last acts as a City Councilmember, he contributed $1 million to the Hire LA Youth Summer Employment Program. He said today that's just a down payment toward his commitment of fully funding the summer youth job program and he challenged the private sector to step up and join him in making a critical investment in our youth and our city's workforce.
Mayor Garcetti was also joined by Hire LA Youth's community and corporate partners.
JPMorgan Chase today announced a new contribution of $200,000 to the Hire LA Youth program for 2013.
“JPMorgan Chase believes it has a fundamental responsibility to invest in the communities it serves. Providing job training, summer internships and employment opportunities is an important way in which we are helping to build the long-term success of the local economy,” said Robert Lagace, Chase Market Manager for middle market commercial banking in Los Angeles. “We are thrilled to work with Mayor Garcetti, the city of Los Angeles, the Chamber of Commerce and the Workforce Investment Board to help better prepare our youth for the future.”
JPMorgan Chase's grant to Hire LA Youth is part of a larger $1 million commitment the firm is making to summer youth employment initiatives in four cities across the U.S. (San Francisco, Chicago, Detroit and Los Angeles), creating opportunities for 620 teenagers and young adults nationwide. In Greater Los Angeles this year, JPMorgan Chase has committed a total of $595,000 toward year-round workforce development and job opportunities for youth.
Goldman Sachs today announced a contribution of $500,000 to Hire LA Youth.
“Summer jobs programs offer young people the skills and opportunities they need to succeed and, more broadly, to contribute to a growing local economy,” said Lloyd Blankfein, Chairman and CEO of Goldman Sachs. “We have enjoyed a strong partnership with the City of Los Angeles through our 10,000 Small Businesses program and we are pleased to continue to work together on Hire LA’s Youth to create more jobs across the City.”
Since its launch in 2010, Goldman Sachs 10,000 Small Businesses has partnered with Los Angeles City College, Long Beach City College and Valley Economic Development Center to provide practical business management education, business support services, and the opportunity to access capital to over 300 small business owners throughout the region. This contribution, which will be delivered through Goldman Sachs Gives, a donor-advised fund, continues the Goldman Sachs Foundation’s support for local job creation by working with the City of Los Angeles, Hire LA’s Youth, the Workforce Investment Board, and the Los Angeles Area Chamber of Commerce.
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.
"It's tremendous to see Wall Street understand the importance of Main Street," said Mayor Garcetti. "Thank you to JPMorganChase for their commitment to Hire LA Youth and to workforce development across Los Angeles. Thank you to Goldman Sachs for their support of the Hire LA Youth program and of Los Angeles' small businesses. None of us can do this on our own. Working together, we can prepare our young people for the future while strengthening LA's workforce and economy."
For businesses interested in offering jobs, internships, mentorships, or sponsorships to Hire LA Youth, please visit www.summerjobsla.com.