2017 Best Economic Empowerment Program Finalists

Citi Foundation

The Citi Foundation’s Summer Jobs Connect initiative seeks to teach youth 21st century workplace skills, as well as essential financial education. Working with the Cities for Financial Empowerment Fund,

Summer Jobs Connect directly funds summer jobs for low-income youth and helps cities integrate financial education and access to mainstream financial services into municipal Summer Youth Employment Programs.

Since 2014, the Citi Foundation has invested more than $13 million into Summer Jobs Connect and has directly supported over 6,200 summer jobs for youth across the country. With the support of financial empowerment coaches, young people have saved over $9 million, 8,000 opened bank accounts, and 27,023 enrolled in direct deposit for their paychecks.

Through the Citi Foundation’s leadership, today’s young people are on their way to becoming the most employable generation yet. 

JPMorgan Chase & Co.

More than half of Americans struggle with their financial health. As the largest financial institution in the U.S., JPMorgan Chase (JPMC) is uniquely positioned to tackle this issue by leveraging its data, networks, and expertise.

Partnering with the Center for Financial Services Innovation (CFSI), JPMC launched the Financial Solutions Lab, or FinLab, a five-year initiative to support the development of technology-based products that improve the financial health of American consumers.

FinLab provides participants with capital and customized technical assistance from CFSI, JPMorgan Chase, and a diverse community of experts. Select FinLab participants also receive mentorship and direct access to employees who volunteer their professional skills to address organizational challenges and bring their solutions to scale. The 18 organizations supported by the FinLab so far have cumulatively grown to help more than 1.4 million Americans improve their financial health.  

Nestlé Nespresso

Today, as many as 75% of the 3 million farmers in East Africa live in poverty because they lack awareness of the sustainable farming techniques and value chains necessary to compete in the global market.

Nespresso created the AAA Sustainable Quality Program to help farmers in Ethiopia and Kenya produce better coffee, earn higher incomes, and protect the local environment.

An integral component of the AAA Sustainable Quality Program is education. At the AAA Academy, Nespresso employees have provided farmers with hands-on training and techniques to increase the production and quality of their crops, record keeping, and financial planning. The AAA Academy has also taught wet mill managers strategies to make their enterprises more sustainable.

Since 2013, 30,000 farmers have received training from the AAA Academy, and 11,460 metric tons of quality green coffee has been processed with the sustainable farming and processing practices.