Summer Jobs Connect: Connecting Youth to Developmental and Financial Goals

The Summer Jobs Connect (SJC) initiative, generously supported by Citi Foundation, leverages the scale and infrastructure of Summer Youth Employment Programs (SYEPs) to offer banking access and other financial empowerment opportunities, helping to transform a summer job into an on-ramp to the financial mainstream.

This Research Brief details SJC youth participants’ views on financial empowerment, as explored in focus groups across partner cities, and highlights how financial empowerment can support positive youth development (PYD) efforts. PYD describes ideal outcomes for youth, as well as the processes through which they achieve these outcomes.

This brief follows upon a three-report compendium detailing our SJC city partners’ strategies to provide banking access and targeted financial education as part of their local SYEP, and how they are working to sustainably integrate these efforts into SYEP systems.

Supervitamin Quarterly, Issue 7

This issue, Issue 7, provides a number of Bank On updates, including the launch of the Bank On National Account Standards, the announcement of the Bank On Capacity Grant Fund, and updates on critical support from Bank On partners, both regulators and financial institution. The issue also includes a new report, jointly authored by the CFE Fund and the National Consumer Law Center, on the effect of account screening consumer reporting agencies on banking access; a series of briefs from the Summer Jobs Connect initiative; an update on the work of the Next Generation Municipal Financial Empowerment awards; and evaluation findings and resources related to SaveUSA, a tax-time matched savings program. Finally, the issue includes a guest column from Federal Deposit Insurance Corporation (FDIC) Chairman Martin Gruenberg on Bank On and the importance of access to banking efforts.

Request For Proposals: In Kind Technical Assistance Grants

The CFE Fund sought applications from mayors interested in implementing the evidence-based Financial Empowerment Center model that was developed in New York City and is now being replicated in other cities through the CFE Fund. Selected cities and their partners received robust technical assistance and capacity building resources valued from $75,000 to $100,000 at no cost. Selected cities did not receive direct grant funding from the CFE Fund, but rather, needed to identify other public or private funding sources to cover program operations.

Supervitamin Quarterly, Issue 6

This issue, Issue 6, announces the city recipients of In-Kind Technical Assistance grants to launch and replicate the Financial Empowerment Center initiative; provides updates on the four new pilot programs supported by the Bank On Innovation Fund; highlights the expansion of Summer Jobs Connect and the release of a report highlighting key lessons learned from the initiative’s first year; includes a call for essays on the professionalizing field of financial counseling and coaching; and features a Federal Reserve guest columnist on their new Community Credit initiative.

The Professionalizing Field of Financial Counseling and Coaching – A Call for Essays

The CFE Fund issued a call for essay abstracts related to the importance of a professional approach to the field of low income financial counseling and coaching in an attempt to document stakeholders’ current thinking, their priorities, and their progress towards professionalizing this field. Submissions were included in a journal published in conjunction with a national conference on professionalizing the field held in New York City in 2016.

Supervitamin Quarterly, Issue 5

This issue, Issue 5, recaps the Bank On 2.0 National Conference and announces the Bank On 2.0 Innovation Fund; highlights the Next Generation Municipal Financial Empowerment Award grant opportunity for new mayors looking to establish financial empowerment initiatives; reviews Financial Empowerment Center initiative progress; and includes a third In-Kind Technical Assistance grant opportunity for cities interested in replicating the Financial Empowerment Center model.