DollarWISE Grant Awarded To Summer Youth Jobs In St. Louis City

Grant from the U.S. Conference of Mayors adds financial education component to the summer youth employment program this year

January 25, 2013 | 2 min reading time

This article is 9 years old. It was published on January 25, 2013.

The City of St. Louis is the proud recipient of a $4,000 grant as part of the United States Conference of Mayors’ 2013 DollarWISE Summer Youth Campaign. DollarWISE is an initiative that encourages mayors nationwide to deliver financial education through local summer youth employment programs. As young men and women enter the workforce and earn their very first paycheck, it is an ideal window in which to instill conscientious habits and financial-management skills that will last a lifetime.

The funds will support STL Youth Jobs, a new pilot program launched by a unique collaboration of regional institutions that includes the City of St. Louis’ Mayor’s Office. Specifically, the grant will help STL Youth Jobs conduct outreach to the parents of participants, many of whom are also lacking in financial education, and to create family financial planning workshops; the St. Louis Agency on Training and Employment (SLATE) will assist with these activities as well as youth job placement.

City of St. Louis Mayor Francis Slay states, “The support of the US Conference of Mayors is greatly appreciated, and will help create positive learning experiences for our community’s young men and women as they begin to explore the world of work.”

With additional support from area businesses, individuals and philanthropic organizations, it is anticipated that STL Youth Jobs will serve 500 participants throughout the summer of 2013. The success of this new program will be measured by tracking the number of youth who participate in financial mentoring, who open a savings account and get a debit card, and who show an overall improvement in financial literacy.

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