Bank of America announced $325,000 in grants to 27 Southern Nevada nonprofits that will advance economic mobility for individuals and families and put them on a path toward financial stability. The grants fund resources for workforce development and education that help people chart a path to better economic futures, as well as or basic needs that are fundamental to building lifelong stability.
While the unemployment rate continues to lower nationally to below 4 percent, young adults and those from economically disadvantaged communities have more difficulty finding work. According to the city of Las Vegas the jobless rate among those aged 16 to 24 was double the national average at 8 percent across Nevada.
The local nonprofits receiving funding will connect youth to first-time jobs, giving young adults alternative pathways to employment, and providing second chances for people to rebuild careers and lives. Additionally, funding will also help Las Vegas residents address basic needs such as access to food, shelter, hygiene, health and mental health services that are fundamental to attain economic stability.
For example, Foundation for an Independent Tomorrow will use the funding to aid young adults, ages 18 to 24, who are formerly incarcerated, or have experienced other life circumstances that create economic barriers to success. The organization combines integrated case management with bundled services, including building soft-skill and work readiness skills, funding for vocational training leading to industry recognized credentials, smart money practices, and supportive services such as bus passes and food vouchers, all aimed toward providing each client with what they need to become self-sufficient.
Other Las Vegas-area organizations receiving grants include: Best Buddies International, Catholic Charities Of Southern Nevada, Communities In Schools Of Nevada, Discovery Children’s Museum, Dress For Success Southern Nevada, First Nevada, Foster Kinship, Fulfillment Fund, Goodie Two Shoes Foundation, Job’s For Nevada’s Graduates Inc., Las Vegas Rescue Mission, Legal Aid Center Of Southern Nevada Inc., Lutheran Social Services Of Nevada, Make-A-Wish Foundation Of Southern Nevada, Olive Crest, Opportunity Village, Paralyzed Veterans Of Southern Nevada, Safe Nest, Service Corps Of Retired Executives Association, Southern Nevada Public Television, Spread The Word Nevada, Teach For America Inc., Tech Impact, The Just One Project, Three Square Food Bank and YMCA Of Southern Nevada.