State Street commits summer jobs to Obama program

As part of a new White House initiative announced Wednesday, State Street Corporation? ? State Street Corporation Latest from The Business Journals State Street releases corporate responsibility reportKorean ambassador pushes trade bill in BostonUnited Way announces 5 percent funding decrease Follow this company (NYSE:STT) has committed to provide work and education opportunities this summer for 1,000 youth in Boston, New York, Kansas City, Sacramento and other cities.

Called Summer Jobs+, the initiative is ?a call to action for businesses, non-profits, and government to work together to provide pathways to employment for low-income youth in the summer of 2012,? according to a news release issued by the White House, Wednesday.

The initiative is a collaboration between the Obama administration and the private sector to create as many as 250,000 employment opportunities next summer, at least 100,000 in paid jobs and internships.

In a statement, State Street said that it ?supports a continuum of meaningful job opportunities starting with funding subsidized wage placements in community-based organizations for first-time job experiences, as well as placements in professional positions at State Street for those who have developed basic employability skills and are ready for more responsibility.?

On Wednesday, the White House also announced its intention to launch within 60 days the Summer Jobs+Bank, a search tool for youth to access job postings.

The White House announcement also noted that the Corporation for National and Community Service will honor Bank of America, State Street, Viacom, Deloitte, and JP Morgan for demonstrating leadership over the past year in corporate mentoring.

As part of a new White House initiative announced Wednesday, State Street Corporation? ? State Street Corporation Latest from The Business Journals State Street releases corporate responsibility reportKorean ambassador pushes trade bill in BostonUnited Way announces 5 percent funding decrease Follow this company (NYSE:STT) has committed to provide work and education opportunities this summer for 1,000 youth in Boston, New York, Kansas City, Sacramento and other cities.

Called Summer Jobs+, the initiative is ?a call to action for businesses, non-profits, and government to work together to provide pathways to employment for low-income youth in the summer of 2012,? according to a news release issued by the White House, Wednesday.

The initiative is a collaboration between the Obama administration and the private sector to create as many as 250,000 employment opportunities next summer, at least 100,000 in paid jobs and internships.

In a statement, State Street said that it ?supports a continuum of meaningful job opportunities starting with funding subsidized wage placements in community-based organizations for first-time job experiences, as well as placements in professional positions at State Street for those who have developed basic employability skills and are ready for more responsibility.?

On Wednesday, the White House also announced its intention to launch within 60 days the Summer Jobs+Bank, a search tool for youth to access job postings.

The White House announcement also noted that the Corporation for National and Community Service will honor Bank of America, State Street, Viacom, Deloitte, and JP Morgan for demonstrating leadership over the past year in corporate mentoring.

Source: http://feedproxy.google.com/~r/bizj_boston/~3/vOrjojWadxI/stt-commits-summer-jobs-to-obama-program.html

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