September 18, 2017
The program will graduate 30 young adults as part of its pilot class co-located at State Street’s Quincy offices
Year Up Greater Boston, a yearlong workforce development program for low income young adults, is proud to announce the first graduating class of students from its employer-based campus at State Street. The graduation ceremony will take place at State Street’s Quincy, Mass. office on September 18, 2017. Representatives from State Street will welcome the graduates along with their families, faculty, and staff. They will be joined by Year Up Greater Boston’s Executive Director Robert Dame, who will also address the class and attendees.
Year Up Greater Boston offers an intensive, one-year program for young adults, ages 18-24, combining professional coaching, hands-on skill development, and internships. Since 2005, State Street has partnered with Year Up to identify new pipelines of talent to maintain a competitive and diverse workforce. In the fall of 2016, State Street expanded its partnership with Year Up to create a customized solution to support entry-level hiring needs in conjunction with the launch of their foundation initiative, Boston Workforce Investment Network (Boston WINs). With the addition of the employer-based class, State Street will host nearly 200 Year Up interns per year in offices across Greater Boston. Year Up Greater Boston students at the State Street take Year Up classes during the first six months of the program, and then participate in financial operations internships at State Street in their second six months. They earn college credits and a weekly stipend throughout the year.
“The success of State Street’s on-site Year Up campus is the result of their tremendous commitment to Boston’s young adults and to nontraditional talent pipelines,” said Gerald Chertavian, Year Up Founder and CEO. “We’re thrilled to continue expanding our partnership to serve even more Year Up students in the next class, ensuring they gain in-demand skills and experience to attain professional careers and meet State Street’s unique talent needs.”
“We are proud of all the students graduating today,” said Michael Scannell, senior vice president of Corporate Citizenship and head of the State Street Foundation. “We launched Boston WINs in 2015 to directly impact Boston youth and develop a major source of untapped local talent. By expanding our relationship with Year Up Greater Boston, we’ve been able to train and now hire highly skilled and specialized employees from our own backyard. This graduation is a celebration of each of the Year Up Greater Boston interns and all of their hard work over the past year.”
Year Up is proud to be joined by a network of four other high performing nonprofits focused on education and career development in the Greater Boston area as part of State Street Foundation’s Boston WINs initiative, which aims to support and prepare Boston youth for college and career success.
About Year Up
Year Up’s mission is to close the Opportunity Divide by providing urban young adults with the skills, experience, and support that will empower them to reach their potential through professional careers and higher education. Year Up achieves this mission through a high support, high expectation model that combines marketable job skills, stipends, internships and college-level coursework. Its holistic approach focuses on students’ professional and personal development to place these young adults on a viable path to economic self-sufficiency. Year Up currently serves more than 3,600 students annually across 24 campuses in Arizona, Baltimore, Bay Area, Chicago, Dallas/Fort Worth, Greater Atlanta, Greater Boston, Greater Philadelphia, Jacksonville, Los Angeles, National Capital Region, New York City, Providence, Puget Sound, South Florida and Wilmington.
To learn more, visit http://www.yearup.org, and follow us on LinkedIn, Facebook, and Twitter: @YearUp
About State Street Corporation
State Street Corporation (NYSE: STT) is one of the world’s leading providers of financial services to institutional investors, including investment servicing, investment management and investment research and trading. With $31.0 trillion in assets under custody and administration and $2.60 trillion* in assets under management as of June 30, 2017, State Street operates in more than 100 geographic markets worldwide, including the US, Canada, Europe, the Middle East and Asia. For more information, visit State Street’s website at http://www.statestreet.com.
- AUM reflects approx. $34 billion (as of June 30, 2017) with respect to which State Street Global Advisors Funds Distributors, LLC serves as marketing agent; State Street Global Advisors Funds Distributors, LLC and State Street Global Advisor are affiliated.
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