Prudential Financial has announced a commitment of more than $180 million in support of global efforts to help "opportunity youth" gain the skills they need to compete for and succeed in quality jobs.
With the goal of creating pathways to financial security for young people between the ages of 15 and 29 who lack access to school, training, or regular jobs, the company will support partnerships in more than seventy countries with grants, corporate contributions, and impact investments. According to Prudential, the commitment, which extends through 2025, is the largest ever private-sector investment in opportunity youth, who number some three hundred and fifty million worldwide.
"In our journey to help youth rebuild their lives and their communities, the partnership with Prudential has been instrumental to our success," said YouthBuild International president Tim Cross. "This investment is further proof of the company's commitment to supporting the next generation of workers and young leaders around the world who come from all walks of life."
"We've seen firsthand from our work with partners around the world the positive ripple effect that supporting youth in this way has on local communities," said Lata Reddy, senior vice president of diversity, inclusion, and impact at Prudential and chair and president of the Prudential Foundation. "Integrating this population into the workforce will drive revenue growth for businesses and the global economy. With the right skills and training, opportunity youth can be both an engine of growth and a catalyst for positive social change."
(Photo credit: YouthBuild International)