CIBC and BlackNorth Initiative Youth Accelerator are now accepting applications

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BGC Canada to Administer Multi-Year Program to Help Empower the Next Generation of Black Community Leaders and Change Agents

TORONTO, October 26, 2021 / CNW / – CIBC is pleased to announce that applications are now being accepted for the Youth Accelerator, an initiative to remove barriers for the next generation of Black community leaders by supporting their educational ambitions and careers. This new multi-year program was developed in conjunction with the BlackNorth Initiative (BNI) and is part of CIBC’s commitment to breaking down barriers and helping members of the Black community achieve their ambitions.

The Youth Accelerator will provide students from the black community with $ 50,000 over four years for tuition, mentorship, financial education, and opportunities to gain paid internships or co-ops with other BlackNorth CEO Pledge signatories. Signatories include hundreds of companies in a variety of industries, providing students with a broad platform for career discovery.

“CIBC is committed to helping end systemic anti-black racism and that means addressing the barriers that exist in our society today,” said Stephen forbes, Executive Vice-President, Purpose, Brand and Corporate Affairs, CIBC. “In consultation with leaders of the black community, we have developed an innovative program that will create a positive long-term impact. This is just one way for us to take concrete steps to make meaningful progress in tackling the inequalities that exist today.

“We look forward to partnering with CIBC and the Boys & Girls Club of Canada to create a real opportunity for the next generation of black community leaders, ”says Dahabo Ahmed-Omer, Executive Director of the BlackNorth Initiative. “This initiative uniquely provides change makers and emerging leaders in underrepresented communities with the resources they need – to fully participate in post-secondary education without financial barriers. The BlackNorth Initiative is proud to support where access and inclusion are a priority.

BGC Canada (formerly Boys and Girls Club of Canada) leads outreach and selection, working closely with CIBC and the BlackNorth Initiative to engage up to 30 applicants to participate in the program in 2022.

“BGC clubs across the country are seeing the effects of systemic racism firsthand and we are responding by opening our doors to young people of all backgrounds and identities and creating social safety nets to catch those who fall into the voids,” said Owen Charters, President and CEO, BGC Canada. “The support of CIBC and the BlackNorth Initiative will help us make great strides in our mission to break down barriers and create opportunities for black youth. “

Students eligible for the program must be enrolled in Grade 10 from the 2021/22 school year, with applications open until December 10e, 2021.

Applications can be submitted through https://bgc-community.force.com/. Selected recipients will be notified of their participation as of January 2022.

About CIBC

CIBC is a leading financial institution in North America with 10 million personal, corporate, public sector and institutional clients. In Personal and Small Business Banking, Commercial Banking and Wealth Management and Capital Markets, CIBC offers a full range of advice, solutions and services through its network leading digital banking and its locations across Canada, the United States and around the world. Current press releases and more information about CIBC are available at www.cibc.com/ca/media-centre.

About the BlackNorth Initiative

The BlackNorth Initiative’s mission is to end systemic anti-black racism in all aspects of our lives using a business mindset. We are committed to breaking down anti-Black systemic barriers that negatively affect the lives of Black Canadians.

About BGC Canada

For more than 120 years, BGC Canada has created opportunities for millions of Canadian children and adolescents. As from Canada The largest charity and community service for children and youth, our clubs open their doors to youth of all ages and their families in 736 locations nationwide. During out-of-school hours in small and large towns and rural and Indigenous communities, our trained staff and volunteers deliver programs and services that help young people achieve positive outcomes in self-expression, study, healthy living, physical activity and work preparation. , mental wellness, social development, leadership, and more. The opportunity changes everything. Learn more at bgccan.com and follow us on social media @BGCCAN.

SOURCE CIBC

Cision

See original content: http://www.newswire.ca/en/releases/archive/October2021/26/c2975.html


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