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10.29.18

Cleveland students attend Y.O.U. Entrepreneurship Day at the Fed

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On October 29, 2018, twenty Cleveland Metropolitan School District students participated in Youth Opportunities Unlimited (Y.O.U.) Entrepreneurship Day at the Fed.

The students from John Marshall High School—who are enrolled in E CITY, a Youth Opportunities Unlimited class that teaches students entrepreneurial skills—participated in a program hosted by the Federal Reserve Bank of Cleveland and Youth Opportunities Unlimited that helps students interested in entrepreneurship learn more about what it takes to be a successful entrepreneur.

Case studies were used to highlight the characteristics of successful entrepreneurs, and students were given an opportunity to practice their business networking skills.

About Youth Opportunities Unlimited

Youth Opportunities Unlimited (Y.O.U.) is a nonprofit workforce development organization that serves teens and young adults ages 14-24 living in economically distressed areas in Cuyahoga, Lorain, and Lake Counties. Y.O.U.'s programs and services are focused on ensuring these individuals are ready to pursue a path to economic self-sufficiency through mentoring, employability skills training, industry-based credential training, career exploration, jobs, and internships.

Since its founding in 1982, approximately 160,000 teens and young adults have obtained a job or internship through Y.O.U., earning about $60 million in salaries and stipends.

About the Federal Reserve Bank of Cleveland

The Federal Reserve Bank of Cleveland is one of 12 regional Reserve Banks that, along with the Board of Governors in Washington, DC, comprise the Federal Reserve System. Part of the nation's central bank, the Cleveland Fed's 950 employees participate in the formulation of US monetary policy, supervise banking organizations, provide payment and other services to financial institutions and the US Treasury, and perform many activities that support Federal Reserve operations System-wide. In addition, the Bank supports the well-being of communities across the Fourth Federal Reserve District through a wide array of research, outreach, and educational activities.

The Cleveland Fed, with branches in Cincinnati and Pittsburgh, serves an area that comprises Ohio, western Pennsylvania, eastern Kentucky, and the northern panhandle of West Virginia. For more information, visit www.clevelandfed.org or follow us on Facebook and Twitter.

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