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Proposed by Fifth Third Bancorp
CINCINNATI, Sept. 29, 2022 /CSRwire/ — The Fifth Third Foundation and the National Urban League commemorate Workforce Development Month September by announcing the results of the first year of a collaborative workforce development program workforce that provides career advancement opportunities through development and retraining services. to underemployed participants. The Fifth Third Foundation’s $1 million investment has helped individuals from eight selected Urban League affiliate organizations gain meaningful employment and earn a living wage.
“Through this relationship with the National Urban League, we provide individuals with training and skills that pave the way to sustainable wages and economic stability,” said Kala Gibson, director of corporate responsibility at Fifth Third. , who is also a director of the National Urban League.
Fifth Third and the National Urban League have worked together to launch the program in the summer of 2021. Since its inception, more than 1,127 people have signed up for the program. Of these participants, more than 377 have completed the vocational training and skills development program. Among participants who took vocational training, 77% said they had progressed in their jobs. Certification, career advancement, and placement have occurred in a wide range of industries, including manufacturing, healthcare, transportation, construction, and IT. The average wage for participants was $17.36 per hour, with reported wages as high as $35.93 per hour.
“Low-wage workers, already struggling before COVID-19, have been made even more vulnerable by the pandemic. Through the strategic intervention of opportunities such as the Workforce Development Program, these individuals can find a path to economic stability,” said Marc H. Morial, President and CEO of the National Urban League. “Fifth Third Foundation funding for this program along with Fifth Third Bank’s collaboration with the National Urban League will create better financial outcomes for those who need it most as we move into a post-pandemic world.”
The following Affiliate Cities were selected based on their experience and the strength of their employment opportunity and career advancement programs, the number of underemployed and unemployed local workers, and strong community partnerships. Each affiliate offered a variety of qualifying training to its participants:
- Chicago Urban League: The subsidiary continues to expand its “earn and learn” model and becomes one of the leading providers of solar panel certification training and renewable career paths in the city.
- Indianapolis Urban League: Graduates of the two-week programs for new beginnings and training jobs are screened and enrolled in the Affiliate Development Program in which they are enrolled in a variety of business and medical preparation courses.
- Louisville Urban League: LUL has taken advantage of its partnership with several local organizations to offer refresher and retraining courses. LUL also expands opportunities for generational wealth creation through home ownership and entrepreneurship for participants.
- Cleveland Urban League: Cleveland launches “SOAR 2.0” metaverse to improve digital workforce training.
- Greater Southwest Ohio: The affiliate was able to leverage its relationships with several local organizations to provide career development training.
- West Michigan Urban League: The program provides access to short-term training for in-demand skills and credentials and has enrolled participants in the following vocational training courses: Welding, Forklift Safety, Inspector Certification, High-Low Operator Certificate , certified nursing assistant, patient care aide, CDL bus driver and CNC machine operator.
- Central Carolinas Urban League: The ULCC enrolls participants in courses to obtain ABA certification. Participants learn banking customer service, day-to-day customer service and communication.
- Middle Tennessee Urban League: The affiliate is capitalizing on the growth of the hospitality industry to provide participants with opportunities to earn hospitality certifications. They will also enroll participants in project management and take advantage of career and certification courses.
The Urban League of West Michigan shared the success story of local resident Natalie Crosby who visited the affiliate for housing assistance. Reviewing the other services provided by the affiliate, Crosby said she “always wanted to drive a school bus.” Leveraging the CDL-Bus Driver training program, Crosby signed up and got actively involved. Additionally, she participated in programs that introduced successful interview skills and was offered a full-time position with a local transportation company at a starting wage of $21.00 per hour, benefits and a flexible schedule.
“The Fifth Third Foundation is dedicated to providing solutions to social issues such as unemployment and underemployment,” said Heidi Jark, Managing Director of the Foundation Office at Fifth Third Bank. “Programs like this allow individuals to learn new skills that create better results.”
Fifth Third Foundation’s investment is part of Fifth Third’s $2.8 billion Accelerating Racial Equality, Equity and Inclusion initiative that was launched in 2020 with a specific focus on black employees, customers and communities. The workforce development program aligns directly with the community work focus of the AREEI strategy and demonstrates Fifth Third’s commitment to social justice and advocacy work that provides greater access to jobs and skills for minority and low-wage workers.
To learn more about the National Urban League Workforce Development Program, please visit: https://nul.org/jobs. To learn more about Fifth Third’s Accelerating Racial Equality, Equity and Inclusion initiative, please visit: www.53.com/racialequity.
About the Fifth Third Foundation
Established in 1948, the Fifth Third Foundation was one of the first charitable foundations created by a financial institution. The Fifth Third Foundation supports worthy causes in health and human services, education, community development, and the arts in the states where Fifth Third Bank operates.
About the National Urban League
The National Urban League is a historic civil rights organization dedicated to economic empowerment to raise living standards in historically underserved urban communities. The National Urban League leads the efforts of its 90 local affiliates through program development, public policy research and advocacy, providing direct services that impact and improve the lives of more than 2 million people each year in all the countries. Visit www.nul.org and follow us on Facebook, Twitter and Instagram: @NatUrbanLeague.
About the fifth third
Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio, and the indirect parent of Fifth Third Bank, National Association, a federally chartered institution. As of June 30, 2022, the company had $207 billion in assets and operated 1,080 full-service banking centers and 2,153 Fifth Third-branded ATMs in Ohio, Kentucky, Indiana, Michigan, Florida. Illinois, Florida, Tennessee, West Virginia, Georgia, the North. Carolina and South Carolina. In total, Fifth Third offers its customers access to approximately 56,000 free ATMs across the United States. Fifth Third operates four primary businesses: commercial banking, branch banking, consumer lending, and wealth and asset management. Fifth Third is one of the largest fund managers in the Midwest and, as of June 30, 2022, had $512 billion in assets under management, including $54 billion for individuals, corporations and nonprofits. through its trusts and registered companies. Investment advisory firms. Investor information and press releases can be viewed at www.53.com. The common stock of Fifth Third trades on the NASDAQ® Global Select Market under the symbol “FITB”.
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Adrienne.Gutbier@53.com | 513-534-8038