Truist Foundation Awards Center for Employment Opportunities $1 Million To Advance Social, Economic Mobility for Formerly Incarcerated People

Rhea-AI Summary

Truist Foundation has awarded a $1 million grant to the Center for Employment Opportunities (CEO), aimed at enhancing career advancements for individuals returning from incarceration. The funding will facilitate access to advanced training, connecting thousands of justice-impacted people with high-wage employment opportunities. Key offerings include IT certifications, CDL training, and foundational digital skills. This initiative is expected to empower participants with stipends while they pursue training, addressing community workforce development needs. The grant aligns with Truist Foundation's commitment to improving economic mobility and providing transformative employment services.

Positive

• Truist Foundation awarded $1 million to the CEO to boost job training and economic mobility.
• Participants will gain access to industry-recognized IT credentials, CDL training, and digital literacy courses.
• The program supports underserved populations, promoting social and economic mobility.

Negative

• None.

NEW YORK, NY / ACCESSWIRE / January 19, 2023 / Truist:

Center for Employment Opportunities (CEO), the nation's largest provider of comprehensive employment services to people returning from jail or prison, has received a $1 million grant from Truist Foundation. The funding will support career advancement and create economic mobility pathways for people returning from prison and jail. Thousands of justice-impacted people will be connected to advanced training opportunities that will lead them to higher-wage employment after reentry.

"Justice-impacted job seekers have a lot to offer, but often don't have access to the workforce training that can lead to a thriving wage job. The Truist Foundation award will increase our capacity to provide access to advanced training and leadership development for formerly incarcerated people," said Christopher Watler, CEO's Chief External Affairs Officer. "This investment benefits employers, the community, workers, and their families."

With Truist Foundation's support, CEO participants will receive additional support services and access to:

• Industry-recognized Information Technology (IT) credentials to unlock well-paid tech jobs that average $50,000 per year,
• Commercial Driver's License (CDL) certifications to secure employment within the transportation industry,
• Foundational digital literacy to get essential skills needed in today's workforce, and
• CEO's Emerging Leaders Program, an immersive apprenticeship that places participants on a team at CEO to further prepare them for employment in their training areas.

Participants in these trainings will be provided with a stipend so they do not need to choose between earning income and learning new skills that can unlock higher-paying jobs.

"Workforce development plays a critical role in the growth of every community. Truist Foundation is proud to support CEO's dedication to addressing the unique needs of justice-impacted workers," said Lynette Bell, president of Truist Foundation. "Reentry programs, like the one CEO offers, have the transformative power to give formerly incarcerated community members an opportunity to thrive and make a living."

About Center for Employment Opportunities

The Center for Employment Opportunities (CEO) provides immediate, effective, and comprehensive employment services exclusively for those recently released from incarceration. CEO currently operates in over 30 cities and is dedicated to ensuring that justice-impacted job seekers have opportunities to achieve social and economic mobility. For more information, please visit https://ceoworks.org.

About Truist Foundation

Truist Foundation is committed to Truist Financial Corporation's (NYSE:TFC) purpose to inspire and build better lives and communities. Established in 2020, the foundation makes strategic investments in nonprofit organizations to help ensure the communities it serves have more opportunities for a better quality of life. Truist Foundation's grants and activities focus on building career pathways to economic mobility and strengthening small businesses. Learn more at Truist.com/Foundation.

MEDIA CONTACT

CEO: Joseph Ellick | jellick@ceoworks.org | 305-879-6722
Truist: Kristen Fraser | kristen.fraser@truist.com

View additional multimedia and more ESG storytelling from Truist on 3blmedia.com.

Contact Info:

Spokesperson: Truist
Website: https://www.3blmedia.com/profiles/truist
Email: info@3blmedia.com

SOURCE: Truist

View source version on accesswire.com:
https://www.accesswire.com/735986/Truist-Foundation-Awards-Center-for-Employment-Opportunities-1-Million-To-Advance-Social-Economic-Mobility-for-Formerly-Incarcerated-People

FAQ

What is the purpose of the $1 million grant from Truist Foundation?

The grant is aimed at enhancing career advancement and creating economic mobility pathways for individuals returning from incarceration.

How will the grant benefit participants at the Center for Employment Opportunities?

Participants will receive access to advanced training, including IT certifications and CDL training, which can lead to higher-wage employment.

What types of training will be provided through the grant?

The training includes IT credentials, Commercial Driver's License certifications, and foundational digital literacy programs.

When was the grant awarded to the Center for Employment Opportunities?

The grant was awarded on January 19, 2023.

What is the stock symbol for Truist Financial Corporation?

The stock symbol for Truist Financial Corporation is TFC.