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Project HOPE_Youth EmploymentCity Manager's Office Michael Van Milligen City Hall 50 West 13th Street Dubuque, IA 52001 Dear Mike, ~~~~ii/ Helping Our People Excel PROJECT HOPE 700 Loc;tut Street, Suite 195 P.O Box 902 Dubuque, Iowa 52001 Phone: 563.588.2700 Fax: 563.583.6619 www.dbq foundation. org This past summer Dubuque experienced some great successes in providing financial literacy and a matched savings program to encourage youth to establish a savings goal, introduce the importance of having a savings and/or checking account, teach youth about their paychecks and have the opportunity to open a savings account. Starting in July, Iowa Workforce Development offered forty-three employment opportunities for youth through their summer youth employment program funded through WIA. Additionally, the Multicultural Family Center and the Future Talk program were also able to offer employment opportunities to thirteen youth this summer totaling fifty- six opportunities for at risk, unemployed youth. Since financial literacy is such an important component to self-sufficiency, the Community Foundation of Greater Dubuque/Project HOPE and DuTrac Community Credit Union through the Dollar Wi$e Summer Youth Campaign were able to offer financial literacy to all participants in both summer employment programs. In addition to the financial literacy provided by DuTrac, the Community Foundation was willing to match up to a $100.00 for all youth who participated and opened a savings account. Out of the fifty-six youth participating in the two summer employment programs, sixteen took advantage of this great opportunity saving a total of over $4,580.00, the Community Foundation then matched over $1,460.00 as a result of their savings. Not only were the youth provided with an employment opportunity, they were also provided the opportunity to learn more about financial literacy with some seeing the benefits at the end of the summer. We are grateful for the opportunity to participate in Dollar Wife Campaign and especially the Summer Youth Campaign, are extremely excited about this years results, and this is something that we are looking to do again next year. Sincerely Alyssa Hauser Project HOPE Coordinator ~'~.___ DOLLAR WISE