PRESS RELEASE: U.S. Bank Foundation partners with Girls With Impact to expand business and leadership skills for girls of color and girls from low- to moderate-income families in New York City
FOR IMMEDIATE RELEASE
New York, NY - July 7, 2020 – The U.S. Bank Foundation announces a partnership with Girls With Impact, the non-profit NextGen business academy for girls, to help expand the organization’s reach into New York City and provide girls of color and girls from low-to-moderate income families with skills that will transform their future career opportunities.
“At U.S. Bank, we draw strength from diversity,” said Reba Dominski, Chief Social Responsibility Officer for U.S. Bank, headquartered in Minneapolis with a significant presence in New York, ”we are excited to help Girls with Impact expand their work to New York City to help more young women develop the skills that they need to succeed in the future.”
Under the partnership, Girls With Impact will recruit and train girls from the five boroughs as tomorrow’s leaders, innovators and entrepreneurs over the next six months. These girls will undergo a 10-week live, instructor-led business training program in which they will develop their own business or nonprofit venture, arming them with critical entrepreneurship, leadership and business skills that give them a huge leg-up for their future.
On July 10th, nearly 1,000 will graduate in a live, online ceremony where their ventures will be featured – many focused on addressing diversity and issues related to Covid-19 (register to attend).
Today, 7.4% of Fortune 500 CEOs are women and none are black or Hispanic.
The program drives outcomes in areas that have long been barriers to success. For example:
· 85% of graduates feel greater confidence as leaders
· 60% feel better equipped to save for their future
· 93% feel more college ready
“When companies like U.S. Bank invest in these girls, it’s a triple whammy,” said Girls With Impact CEO Jennifer Openshaw. “They’re impacting lives, our communities and our economy.”
About Girls With Impact
Girls With Impact, a 501c3, is the nation’s only live online mini-MBA for teen girls, offered year-round. The 10-week, after-school Business and Innovation Academy moves girls from ideation to a business plan and venture pitch, driving improvements in confidence, leadership, college readiness and professional skills for success. Watch this.
About U.S. Bank
U.S. Bancorp, with more than 70,000 employees and $543 billion in assets as of March 31, 2020, is the parent company of U.S. Bank National Association, the fifth-largest commercial bank in the United States. The Minneapolis-based bank blends its relationship teams, branches and ATM network with mobile and online tools that allow customers to bank how, when and where they prefer. U.S. Bank is committed to serving its millions of retail, business, wealth management, payment, commercial and corporate, and investment services customers across the country and around the world as a trusted financial partner, a commitment recognized by the Ethisphere Institute naming the bank one of the 2020 World’s Most Ethical Companies. Visit U.S. Bank at usbank.com or follow on social media to stay up to date with company news.
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Contact: Jo Panzera
(917) 355-1317