Back Row;(L-R) Xavier Abrams, VP Mechanics Bank, Mira Vista Branch, Richmond Mayor Gayle McLaughlin, James Kirby, Program Manager, US Conference of Mayors, Richard Aguilar, Asst VP, Banking Center Manager. Back Row: (L-R) YouthWORKS participants, Katrina Khoonsirivong, Jamayo Nelso, Holly Keuith. Photo by j! Leonhardy.
The US Conference of Mayors and Bank of America, in partnership with the City of Richmond and Mechanics Bank, are providing up to $4,000 for the Richmond Summer Youth Employment Program to provide cash awards and incentives to participants to encourage them to open no fee and no minimum savings accounts.
The opportunity is open to youth who are enrolled and participate in the 9th Annual Summer Youth Employment Program.
The program will match up to $100 for the top 25 savers and provide cash awards of $200, $150 and $100 to the top three savers over the course of the summer program. Accounts will be opened at the Mira Vista Branch of Mechanics Bank at 4100 Macdonald Ave. in Richmond.
The Richmond YouthWORKS Summer Youth Employment Program plans to provide meaningful, career path work experience to over 250 Richmond youth this summer.
Participants will receive pre-placement training in Financial Literacy and Money Management, as well as workshops related to sexual harassment, resume writing and essential workplace skills. The Money Management skills are provided by volunteers from Mechanics Bank.
As part of this year’s money management training, participants will be encouraged to enroll in the no fee and no minimum savings accounts offered them by Mechanics Bank.
“We have participants that have opened and maintained their accounts since their first experience with the summer employment program,” said YouthWORKS Coordinator Jay Leonhardy. “This is an opportunity to show that saving money is a way to make money.”
Representatives from the US Conference of Mayors and Bank of America present the awards Tuesday on the steps of City Hal to Mayor Gayle McLaughlin and representatives from the Mechanics Bank and YouthWORKS staff on the steps of City Hall.