Wells Fargo gives $25K grant to fund Newark youth jobs program

By Naomi Nix | NJ Advance Media for NJ.com
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on April 10, 2015

Newark officials on Wednesday marked the opening of the Newark Community Economic Development Corporation.


NEWARK — Wells Fargo awarded a $25,000 grant to the Newark Community Economic Development Corporation to support a youth employment program.

The grant will fund a six-week summer job program for Newark youth between the ages 14 and 21 during the summer of 2015, according to the corporation.

The youth are paid $8.38 an hour to work in jobs in various corporate, government and nonprofit sites throughout the city, the organization said.

The program will also include leadership development, career training and a coding camp in partnership with Rutgers University and the New Jersey Institute of Technology's School of Architecture, according to Newark CEDC.

"We are grateful for Wells Fargo's generous gift that will be used to further expand a much-needed, impactful program for our youth--Newark's Summer Youth Employment and Leadership Development Program," Newark CEDC president and CEO Otis Rolley said in a statement.

The grant arrives as the organization has experienced major changes in recent months. The corporation relaunched in December with a different name and board structure; The changes also follow a highly-critical report of the organization's loan programs, which showed a total $3.4 million of $10.6 million in loans were either delinquent or written off as uncollectible.

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