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When fully funded and implemented, the new commitments will facilitate the hiring of five hundred thousand veterans and military spouses, convert ten thousand trucks into plug-in hybrids, and provide $15 million in loans to small businesses in Chicago and Los Angeles. The commitments also include the creation of a new philanthropic investment fund designed to advance private-sector innovations in early childhood education for disadvantaged children. 26,000 to 51,000 individuals, providing residents with access to retails products and services, and loans for small businesses, mortgages, and other purposes that stabilize lives and neighborhoods. ----------------------------------------------------------A Growth Strategy for Small Business Global Expansion Commitment by: Women Impacting Public Policy (WIPP) Focus Area: Economic Empowerment
Introduction: In 2012, Women Impacting Public Policy committed to developing and implementing a global export expansion education program targeted at helping 5,000 small and medium-sized enterprises (SMEs), with an additional emphasis on womenowned SMEs. The program will guide current exporters to expand to other countries and guide them through the developmental steps they require to prepare to export, covering the basics of exporting and leading them through an assessment to determine if the participant’s company and its product or service could be a fit for the export market. The curriculum for each round of participants lasts one year. WIPP expects that out of the 5,000 targeted SMEs, 1,500 will prove viable candidates to export, 250 will build an export development plan, and 100 will expand their existing exporting operation to additional countries. -----------------------------------------------------------Maker Corps: Building the Next Generation of Innovators Commitment by: Maker Education Initiative Cognizant Technology Solutions Corporation Intel Corporation Focus Area: Education
Introduction: In 2012, The Maker Education Initiative and its partners committed to creating the Maker Corps, which will train and employ 1,400 college aged mentors, 50 site coordinators, and 3 national staff by 2015. The Maker Corps members will be trained to serve as mentors and engage children in hands-on “Maker” projects that will help develop problem-solving skills in ways that make science and technology fun. Over the life of the commitment, the Maker Corps program will be established in a minimum of 50 locations and give a total of 140,000 children the opportunity to develop the creativity and technical skills needed to be part of the modern workforce. ----------------------------------------------------------Returning Home: Building Jobs through Affordable Housing Commitment by: Urban Atlantic Focus Area: Economic Empowerment
Introduction: In 2012, Urban Atlantic committed to partner with the Philadelphia Housing Authority (PHA) to pilot a project to rehabilitate, retrofit, and reoccupying 200 single-family homes that are currently publically owned. Urban Atlantic has invited PHA to anchor this pilot project to demonstrate replicable strategies that will deliver quality rental homes at affordable prices, a suite of financial counseling and credit repair services for low-income residents, direct access to financial services and local mortgage lenders, and provide pathways to future
homeownership through rent to own arrangements. Further, rehabilitation will utilize best practices in workforce development, wage and skill standards, and responsible contracting, and will create or fill 250 local jobs. The pilot program will work with labor unions to employ PHA and other apprentices and unemployed construction workers.
Transforming Foreclosed Properties into Affordable Housing Commitment by: Enterprise Community Partners Waypoint Real Estate Group Focus Area: Other
Introduction: In 2012, Enterprise Community Partners and Waypoint Home, Inc. committed to launch a two year pilot program in Oakland, CA to convert 100 single family foreclosed properties into affordable rental properties in low- and moderate-income neighborhoods. The commitment will demonstrate a replicable and scalable approach for affordable scattered-site, single family rental, provide new and low or no subsidy models for affordable housing, and attract new socially motivated equity to this emerging asset class. Additionally, locally-based community organizations will provide financial management and readiness training to residents seeking homeownership, and local workforce development organizations will provide newlytrained workers with opportunities to join the construction crews deployed in home rehabilitation. Finally, this commitment announces a “first in the country” partnership
ECONOMICS
that combines the capital and expertise of a national not-for-profit organization with a large private equity real estate group. -----------------------------------------------------------Bridging the 21st Century School Readiness Gap Commitment by: The Parent-Child Home Program Focus Area: Education
Introduction: In 2012, The Parent-Child Home Program, Inc. (PCHP) committed to pilot a new curricular component that will bring technology access and literacy into the homes of young families challenged by poverty, limited educational opportunities, and language and literacy barriers. By introducing technology to these families, PCHP will not only bridge the 21st century school readiness gap, but also will empower mothers to be their children’s academic advocate and first and most important teacher. When brought to scale and rolled-out to its 110 partner agencies, this curriculum will reach 7,000 families, impacting at least 14,000 people (one child and least one parent per household). -----------------------------------------------------------Churches Investing in Microbusiness Commitment by: Criterion Ventures Focus Area: Economic Empowerment
Introduction: In 2012, Criterion Institute committed to mobilizing 1,000 churches to invest in micro-businesses by 2018. With an average microloan of $5,000 each church could support approximately 20 businesses over the course of 5 years. In aggregate, this will lead to $100 million of new capital flow-