Preschool Promise Inc. Receives $390,000 from KeyBank to Address Early Educators Workforce Crisis
KeyBank and KeyBank Foundation announced a $390,000 investment in Dayton's Preschool Promise Inc. to enhance its Promise Scholars program. The funding will cover up to $5,000 in tuition costs per semester for early childhood educators to earn credentials debt-free over the next four years. The program aims to address the early educator workforce crisis and improve classroom instruction quality.
The initiative will implement three key strategies: creating high school pathways to early learning programs, establishing a Registered Apprenticeship program with community colleges, and leveraging government workforce development funding. Additionally, the program will provide computers to students lacking technology access, particularly benefiting first-generation and returning college students.
KeyBank e la KeyBank Foundation hanno annunciato un
L'iniziativa attuerà tre strategie chiave: la creazione di percorsi scolastici verso programmi di apprendimento precoce, l'istituzione di un programma di apprendistato registrato con i college comunitari e l'utilizzo dei fondi governativi per lo sviluppo della forza lavoro. Inoltre, il programma fornirà computer agli studenti privi di accesso alla tecnologia, beneficiando particolarmente gli studenti di prima generazione e quelli che tornano all'università.
KeyBank y la Fundación KeyBank anunciaron una inversión de 390,000 dólares en Preschool Promise Inc. de Dayton para mejorar su programa Promise Scholars. La financiación cubrirá hasta 5,000 dólares en costos de matrícula por semestre para que los educadores de la primera infancia obtengan credenciales sin endeudarse durante los próximos cuatro años. El programa tiene como objetivo abordar la crisis de la fuerza laboral de educadores tempranos y mejorar la calidad de la enseñanza en el aula.
La iniciativa implementará tres estrategias clave: la creación de caminos escolares hacia programas de aprendizaje temprano, el establecimiento de un programa de Aprendizaje Registrado con los colegios comunitarios y la utilización de fondos gubernamentales para el desarrollo de la fuerza laboral. Además, el programa proporcionará computadoras a estudiantes que carecen de acceso a la tecnología, beneficiando especialmente a estudiantes de primera generación y aquellos que regresan a la universidad.
KeyBank와 KeyBank 재단은 39만 달러 투자를 Dayton의 Preschool Promise Inc.에 발표하여 Promise Scholars 프로그램을 개선합니다. 이 자금은 다음 4년 동안 조기 아동 교육자가 무부담으로 자격증을 취득할 수 있도록 학기당 최대 5,000달러의 수업료를 지원합니다. 프로그램은 조기 교육자 인력 위기를 해결하고 교실 수업의 질을 향상시키는 것을 목표로 하고 있습니다.
이 이니셔티브는 세 가지 주요 전략을 실행합니다: 고등학교에서 조기 학습 프로그램으로의 경로 개설, 커뮤니티 컬리지와의 등록된 견습 프로그램 수립, 정부의 인력 개발 자금 활용. 추가로, 프로그램은 기술 접근이 부족한 학생들에게 컴퓨터를 제공하여 특히 첫-generation과 복학 학생들에게 혜택을 줍니다.
KeyBank et la fondation KeyBank ont annoncé un investissement de 390 000 dollars dans Preschool Promise Inc. à Dayton pour améliorer son programme Promise Scholars. Le financement couvrira jusqu'à 5 000 dollars de frais de scolarité par semestre pour que les éducateurs de la petite enfance puissent obtenir des certifications sans s'endetter au cours des quatre prochaines années. Le programme vise à remédier à la crise de la main-d'œuvre des éducateurs précoces et à améliorer la qualité de l'enseignement en classe.
L'initiative mettra en œuvre trois stratégies clés : créer des voies scolaires vers des programmes d'apprentissage précoce, établir un programme d'apprentissage enregistré avec des collèges communautaires et tirer parti des fonds de développement de la main-d'œuvre du gouvernement. En outre, le programme fournira des ordinateurs aux étudiants n'ayant pas accès à la technologie, en bénéficiant particulièrement aux étudiants de première génération et à ceux qui retournent à l'université.
KeyBank und die KeyBank Foundation haben eine Investition von 390.000 Dollar in Preschool Promise Inc. in Dayton angekündigt, um das Promise Scholars-Programm zu verbessern. Die Finanzierung wird bis zu 5.000 Dollar an Studiengebühren pro Semester für frühkindliche Erzieherinnen und Erzieher abdecken, damit diese in den nächsten vier Jahren kreditfrei Qualifikationen erwerben können. Das Programm zielt darauf ab, die Krise der frühkindlichen Bildungskräfte zu bewältigen und die Qualität des Unterrichts zu verbessern.
Die Initiative wird drei wesentliche Strategien umsetzen: die Schaffung von Schulwegen zu frühen Bildungsprogrammen, die Einrichtung eines registrierten Ausbildungsprogramms mit den Kommunalen Hochschulen und die Nutzung von Regierungsfonds zur Entwicklung der Arbeitskräfte. Darüber hinaus wird das Programm Computer für Studierende bereitstellen, die keinen Zugang zu Technologie haben, was insbesondere Erst-Generations-Studierenden und zurückkehrenden Studierenden zugutekommt.
- KeyBank's $390,000 investment strengthens educational workforce development
- Program covers up to $5,000 per semester in tuition costs for educators
- Initiative addresses critical workforce shortage in early education sector
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The bank's strategic focus on community investment through its foundation continues to support its reputation and regulatory compliance under the Community Reinvestment Act. However, this particular initiative's scale is too small to influence KEY's stock performance or financial metrics significantly.
Grant funds will help cover up to
NORTHAMPTON, MA / ACCESSWIRE / November 11, 2024 / KeyBank and the KeyBank Foundation announced an investment of
The Promise Scholars program specifically helps early childhood educators employed at a Preschool Promise partner site earn degrees and credentials in early childhood education and graduate debt-free. The program was established in 2022 to tackle the crisis in the early educator workforce and improve the quality of instruction in early learning classrooms. It was created in response to concerns raised by local partners about childcare and preschool programs having to close classrooms due to a lack of qualified teachers.
Using grant funds for the next four years, Preschool Promise will cover up to
"We are thrilled to partner with the KeyBank Foundation to expand educational opportunities through our Promise Scholars program," said Robyn Lightcap, Executive Director of Preschool Promise. "This funding will enable us to support Early Childhood Educators in returning to school to earn their degrees, while also creating pathways for young learners interested in the field through internships and hands-on experience. Investing in highly qualified teachers is essential, as we know that learning begins at birth, and skilled educators play a vital role in every child's growth and lifelong success."
The following three strategies will be developed and implemented to support the next phase of the Scholars program:
High School Pathway: Preschool Promise will create stronger pathways from middle school to high school to early learning programs. The organization will build on the relationships they already have with high school Teacher Prep Academies to create job shadowing and internship experiences for high school students.
Registered Apprenticeship: They will work closely with local community colleges to create a Registered Apprenticeship program for an associate degree in early childhood education, to allow the organization to tap into funding streams that are exclusively for registered apprenticeships.
Workforce Development Funding: The nonprofit will also leverage government funding streams that can be utilized to support early childhood education workforce development, such as the Workforce Innovation and Opportunity Act (WIOA), or funding for Youth Development, such as the YouthWorks program in Montgomery County. There are barriers to accessing these funding streams that need to be addressed to fully utilize the funding.
"At KeyBank, we are committed to investing in our communities and supporting those who educate and nurture the next generation," said Jeff Bardonaro, KeyBank Dayton Market President. "By helping early childhood educators advance their careers and addressing the workforce crisis in early education, we aim to make a lasting impact on the Dayton area. This partnership with Preschool Promise Inc. aligns with our dedication to creating opportunities that empower individuals and strengthen our community."
The organization will also provide computers to students who do not have access to technology. This is especially helpful for first-generation college students; older students starting college for the first time or returning after a long break; or students who grew up in families experiencing poverty, this individualized attention is critical to their success.
ABOUT KEYCORP
KeyCorp's roots trace back nearly 200 years to Albany, New York. Headquartered in Cleveland, Ohio, Key is one of the nation's largest bank-based financial services companies, with assets of approximately
Key provides deposit, lending, cash management, and investment services to individuals and businesses in 15 states under the name KeyBank National Association through a network of approximately 1,000 branches and approximately 1,200 ATMs. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name. For more information, visit https://www.key.com/. KeyBank is Member FDIC.
ABOUT PRESCHOOL PROMISE INC.
Preschool Promise aims to ensure every child in Montgomery County, Ohio is ready for Kindergarten. Our mission is to partner with families, providers, and community leaders to offer high-quality early childhood experiences from prenatal to age 5. Research shows that the first five years are critical for developing language, literacy, math, and social skills, especially in a supportive, high-quality environment. Our goal is for all families, regardless of race, income, or geography, to access the early education resources their children need to thrive.
We work with over 100 partner preschools, offering sliding-scale tuition assistance, and providing teachers and administrators with professional development. Preschool Promise also supports educators in earning credentials and degrees debt-free and works to improve wages in the field.
Recently, we have expanded to support children from birth to age 3, increasing access to home visiting, parenting support, and early intervention services. We're committed to equity, focusing resources on young children with the highest needs and advocating for the best outcomes for all young learners.
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SOURCE: KeyBank
View the original press release on accesswire.com
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