Category Archives: Opportunities

YouthBuild (Due April 22, 2014)

Funding Opportunity Number: SGA-DFA-PY-13-04
Opportunity Category: Discretionary
Funding Instrument Type: Grant
Category of Funding Activity: Employment, Labor and Training
Eligible Applicants: Others (see text field entitled "Additional Information on Eligibility" for clarification)
Agency Name: DOL-ETA
Closing Date: 2014-04-22
Award Ceiling: $1,100,000
Expected Number of Awards: 73

Description: The Employment and Training Administration (ETA), U. S. Department of Labor (DOL or Department), announces the availability of approximately $73 million in grant funds authorized by the YouthBuild provisions of the Workforce Investment Act (29 USC 2918a).
YouthBuild grants will be awarded through a competitive process. Under this Solicitation for Grant Applications (SGA), DOL will award grants to organizations to oversee the provision of education, occupational skills training, and employment services to disadvantaged youth in their communities while performing meaningful work and service to their communities. Based on our estimate of FY 2014 funding, DOL hopes to serve approximately 4,950 participants during the grant period of performance, with approximately 75 projects awarded across the country.
Link: www.grants.gov/view-opportunity.html?opp…

CDFI Industry Pledges $1 Billion Annually to Support the Goals of President Obama’s “my brother’s keeper”

"Youth Opportunity Pledge" Commits at Least $300 Million for Black and Latino Male Youth / $1 Billion to Benefit All Young People of Color in Underserved U.S. Communities

WASHINGTON, March 6, 2014 (GLOBE NEWSWIRE) — Opportunity Finance Network (OFN) CEO and President Mark Pinsky today announced a $1 billion CDFI industry pledge in support of President Obama's "My Brother's Keeper." OFN is a national network of community development financial institutions (CDFIs) investing in opportunities that benefit low-income, low-wealth, and other disadvantaged communities across America.

The "Youth Opportunity Pledge" commits OFN's network of CDFIs to originate $1 billion annually in new financing that benefits young people of color across the U.S. It includes $300 million in financing to create opportunities specifically for black and Latino male youth.

The financing will be originated by many of OFN's 225-plus Member CDFIs, which invest in low-income, low-wealth, and disadvantaged communities that are outside the economic mainstream.

OFN will register CDFI pledges to participate, track CDFI financing, and share borrower stories online at YouthOpportunityPledge.ofn.org.

"The CDFI financing will support early care though high school education, community health centers and healthy foods in underserved communities, entrepreneurship and small business financing, after-school programs, and quality, affordable housing that helps make opportunities possible for so many," Pinsky explained.

President Obama announced "My Brother's Keeper" last week, backed by a commitment of $200 million from ten foundations and corporate donors. "My Brother's Keeper" aims to increase economic opportunity for young people of color.
– See more at: globenewswire.com/news-release/2014/03/0…

More: globenewswire.com/news-release/2014/03/0…