TORONTO, Sept. 22, 2017 /CNW/ - Today, Citi announced an expansion of the Pathways to Progress initiative in Canada led by a Citi Foundation investment of CA$700,000. This contribution is part of the Foundation's investment of US$100 million to connect 500,000 young people around the world, ages 16-24, to training and jobs over the next three years. This is the largest philanthropic commitment in the Foundation's history.
Pathways to Progress originally launched in 2014, with a US$50 million effort that helped more than 100,000 young people across ten cities become career-ready through first jobs, internships, and leadership and entrepreneurship training. Through Citi and the Citi Foundation's partners, more than 7,000 Canadian youth will benefit from this investment.
"This is a natural extension of the work we do as a financial institution and our commitment to improving financial literacy, employment readiness and entrepreneurship for youth in the communities we serve. It is our goal to create more opportunities for young people with the help of our community partners, which strengthens our economy," said John Hastings, Citibank Canada CEO.
"We applaud Citi's leadership in helping provide a brighter future for our youth through training and career preparedness," said Toronto Mayor John Tory. "As Mayor, I believe this is critical to ensuring Toronto can compete and grow our economy. We understand the key to building a fair and prosperous city includes connecting young people to jobs and I am thrilled that Citi's investment will positively impact over 7,000 youth in our region."