What is Make Your Job?
Make Your Job is an intensive, national program led by Network for Teaching Entrepreneurship in collaboration with the Citi Foundation that will empower 500 young people in 10 across the U.S. cities to develop the entrepreneurial mindset and business skills needed to make their own job and succeed in the modern workforce.
50 young people in Los Angeles and New York City will take part in Statup Summer, NFTE’s business accelerator program. An additional 450 young people in Baltimore, Bridgeport (CT), Chicago, Dallas, Los Angeles, Miami, New York City, Newark, San Francisco, and Washington, D.C. will take part in NFTE BizCamps® where they will develop an entrepreneurial mindset and the business skills needed to not only launch a business but also succeed in life. These efforts will be aided by the expertise of Citi employees who will contribute their time as mentors and volunteers.
Finally, an online youth community will also be launched at MakeYourJob.org to bring the power of entrepreneurship to tens of thousands of additional young people across the country.
This seems like a large investment for a relatively limited number of students per region – what do these investments entail?
NFTE summer programs are highly intensive experiences for young people. BizCamps® include field trips and small financial grants to each student for business endeavors. The program also must be taught by a NFTE certified teacher and therefore provides summer employment for those teachers. At the program’s conclusion, the students also compete for financial awards to fund their business or further educational needs.NFTE’s Startup Summer program provides all the resources a young person, who has completed NFTE’s first course, needs to bring their business idea to reality. All basic business startup costs are covered by the program. The program also acts as the students’ summer job, with each student receiving a stipend for participation, and NFTE certified teachers are employed to run the program. At the end of the program, the participants also vie for additional financial resources for their businesses.
How will students be selected for these programs? Who are these kids and how are they targeted?
All NFTE programs serve young people in low and moderate income neighborhoods. Students will be recruited through community partners serving the same youth population or from schools offering NFTE. NFTE only offers its program to schools with at least a 51% Free and Reduced Meal rate and our national average is 74%.
How were these regions picked? Where new programs are being created, why did you choose to expand into these cities and not others?
With this effort, Citi Foundation continues to demonstrate its commitment to supporting best in class programs that have already demonstrated their efficacy in reaching low to moderate income youth. These regions were picked because NFTE is active in these areas already and wants to serve more young people in our current service markets. All NFTE regions have executed BizCamps® in prior summers so this partnership is expanding opportunities for young people in those communities. Startup Summer was piloted for two summers by NFTE’s New York Metro regional team, and they are now ready to scale the program tripling participants in the region this summer. Los Angeles was chosen because the office was already planning to explore some business accelerator support and the staff capacity is present to execute this very intensive program.
How will NFTE determine the effect of the entrepreneurial mindset index? Is there a plan for tracking students in the future? How will NFTE measure success?
Students in both summer programs will take NFTE’s entrepreneurial mindset assessment at both the beginning of the programs and their conclusions. This will measure direct impact on indicators such as opportunity recognition, perseverance, comfort with risk and adaptability among others. Every two years, NFTE conducts a survey of our alumni and through this effort we will be able to track the future educational, workforce and entrepreneurial progress of Make Your Job summer program participants.
How does this initiative address youth unemployment concerns at the city level?
Make Your Job will help students to develop the entrepreneurial mindset and business skills needed to create their own career opportunities and succeed in the modern workforce.The impact of this initiative will bolster the efforts of participating cities to address the growing challenge of youth unemployment and a young population that is increasingly disconnected – neither in school nor at work, Students participating in NFTE programs have been shown to:
- Be twice as likely to be self-employed entrepreneurs (22% vs.11%)
- Have higher rates of employment (88% vs. 69%) and income ($44,000 vs. $24,000)
- Have higher rates of high school diploma attainment (at 99% vs. a national average of 85%)
- Have higher school enrollment rates than their peers (90% vs. 60%)
How will Citi employees be involved?
Citi volunteers will play an active role in the implementation of Startup Summer and BizCamp programs by giving their time and expertise through service and mentorship. Citi employees across the country will serve in a variety of positions, including: advisors, mentors, coaches, judges, guest speakers.
When will the programs be up and running?
While exact program dates vary by region, BizCamps and Startup Summer will be fully operational in July 2014. MakeYourJob.org will launch a few months earlier in May.
Where can we find more information on Make Your Job?