Citi and Citi Foundation Expand Global Job Skills-Building Initiative to Improve Employability and Economic Opportunity for Underserved Communities
Citi and the Citi Foundation today announced an expansion of the global Pathways to Progress initiative, led by a Citi Foundation investment of $100 million to improve employability and economic opportunity around the world.
Through Pathways to Progress, young people become equipped with the skills and confidence they need to make a positive impact in their lives and their communities, and also access employment opportunities to succeed in rapidly changing economies.
Since 2014, the Citi Foundation has invested approximately $200 million globally in Pathways to Progress programming. By 2023, the Citi Foundation expects to cumulatively impact over a million young people around the world with a total investment of $300 million. In the U.S., the program has served approximately 100,000 Black and Latinx youth over the past three years, and expanded efforts will focus more intently on employment skills and entrepreneurship programs serving communities of color.
“COVID-19 has exacerbated the existing wealth and opportunity gaps facing communities of color and other communities disproportionately impacted by the pandemic, making an already uneven playing field that much worse in terms of employment and job prospects,” said Michael Corbat, CEO, Citi. “With our expansion of Pathways to Progress, we are maximizing the training resources and opportunities we can provide to hardworking people, and ensuring that everyone has equal access to jobs and the economic opportunity and security that comes with them.”
As part of this commitment, Citi is strengthening its in-house work experience programs – from summer internships and full-time analyst and associate roles, to on-campus programs and opportunities with Citi University Partnerships in Innovation & Discovery (CUPID) Program, which engages diverse students on a range of innovation projects across the Company. These efforts will provide 10,000 young adults over the next three years with the opportunity to gain work experience and develop their careers at Citi.
Pathways to Progress also engages thousands of Citi employee volunteers, who lend their time and talent to serve as mentors, coaches and role models to many young people globally. Over the next three years, Citi expects 10,000 colleagues to volunteer to mentor and coach youth on their paths to economic success.
Examples of Pathways to Progress programming include:
- Expanding Citi Foundation’s partnership with NPower, including an additional $4 million investment, to help advance the careers of young Black and Latinx women in the technology field in cities including New York, NY; Jersey City, NJ; Dallas, TX; San Jose and San Francisco Bay Area, CA; and St. Louis, MO
- Continuing Citi Foundation’s partnership with Echoing Green, including an additional $1 million investment, to create a more inclusive social entrepreneurship sector and support Fellows who represent and work with communities of color in the U.S.
- Launching a new Citi Foundation partnership with Public Allies to offer young adults of color across the U.S. the opportunity to serve in grassroots nonprofit organizations and enroll in a skills-building and leadership curriculum
- Expanding Citi Foundation’s support to engage college students from low-income households to participate in paid internships at cultural institutions, including Brooklyn Museum and Park Avenue Armory in New York, NY; Perez Art Museum in Miami, FL; Cincinnati Museum Center at Union Terminal in Cincinnati, OH; and Los Angeles County Museum of Art in Los Angeles, CA
- Continuing Citi Foundation’s support of Management Leadership of Tomorrow to equip low-income, first-generation students with the skills to succeed academically and prepare for leadership roles in the private and public sectors in New York, NY; San Francisco, CA; Chicago, IL; and Washington, D.C.
- Joining New York Jobs CEO Council alongside the largest employers in the New York area, with the commitment to collectively hire 100,000 traditionally underserved New Yorkers by 2030