Synchrony launches one-of-a-kind program in Stamford to prepare disadvantaged youth for the digital economy
STAMFORD, Connecticut., November 4, 2021 / PRNewswire / – Synchrony (NYSE: SYF), with Connecticut non-profit District Arts & Education (DAE), the University of Connecticut Engineering Ambassadors and Future5, today announced a one-of-a-kind program in Stamford equip high school students from under-represented backgrounds with digital and software skills.
Synchrony and the Synchrony Foundation will provide grants totaling $ 300,000 to the three non-profit organizations in support of the Synchrony Skills Academy high school program. Twenty-five students will gain real-world experience through an eight-month training program and receive academic and technology career support and another 25 students will participate in a summer immersion program. The program will launch in early 2022 at the company’s new state-of-the-art skills center located at its Stamford headquarters when the center officially opens.
Over the next decade, a billion jobs– almost a third of jobs in the world – are expected to be transformed by technology . Almost 40 percent of Connecticut employers cited the lack of necessary skills and expertise as the main challenge in finding young skilled workers .
“Access to vocational training is essential to develop our digital economy and build a more inclusive future,” said DJ Casto, Executive Vice President and Chief Human Resources Officer of Synchrony. “Investing in these public-private partnerships will help open career opportunities for under-represented youth and develop the next generation of Connecticut leaders.”
Earlier this week, Synchrony launched its STEM immersion day at its skills center where dozens of young people from Stamford High School, Westhill High School and the Academy of Information Technology and Engineering engaged in interactive group activities around coding, engineering and virtual reality. Students also learned more about what the new high school curriculum entails and how to register.
Through a strong curriculum developed and taught by DAE instructors, the program’s first cohort of high school students will tackle real-world projects and hone essential skills in web development, UX design, and data analysis. The program, intended for juniors and seniors in secondary school, will take place after school at the Synchrony competence center. DAE will also provide professional support to help students apply for entry-level technical positions, prepare for interviews, or complete university admissions applications. Next summer, Synchrony and DAE will also host an intensive eight-week program focused on web development and digital content creation for social media and marketing.
“The Synchrony Skills Academy high school program aligns perfectly with our mission to bridge the gap between the corporate world of America and the needs and realities of underserved communities,” said AM Bhatt, co-founder and CEO of DAE. “The opportunity to help reverse a decades-long trend of drastic under-representation in tech careers is just as important to us as developing the tech workforce and we’re excited to be working with Synchrony on this. double mission. “
Student representatives of the University of Connecticut School of Engineering will help spread awareness of this new initiative through its undergraduate engineering ambassadors who inspire and empower high school students to pursue fields of engineering and technology. Future5, a Stamford-based non-profit organization, will serve as a vital link between the program and local resources, high schools and the Stamford community and help guide the first cohort of the program after graduating from high school. as she navigates her future paths. UConn Engineering Ambassadors and Synchrony employees will mentor students throughout the program.
“As engineers, we make things that help people and we try to change the world,” said Justin Rastinejad, UConn engineering ambassadors. “Through this partnership, we want to open the eyes of students to the opportunities available to them so that they can see themselves in the STEM-related industries and in doing so, teach them essential social skills and build their self-esteem. self.”
“Future 5 believes that there is a path to success for every young person,” said Amanda Dubois-Mwake, CEO of Future5. “We help connect motivated young people to their community, to themselves and to the tools they need to unlock their full potential. This program will have a direct impact on our high school students and the community in general, as well as on the businesses of Stamford. “
Synchrony’s new skills center will also support programs for students and workers at local community colleges with support from the General Assembly – a pioneer in education and career transformation specializing in the skills most in demand in ‘today. Synchrony will work with local governments, schools and skills certification organizations to prepare students and those seeking retraining or re-entering the workforce.
This program is part of Synchrony’s Education as an equalizer initiative designed to expand access to higher education, vocational training in high growth areas and financial literacy for underserved communities and its own workforce. The company will invest more than $ 50 million over the next five years, including more than $ 20 million in philanthropic grants from the Synchrony Foundation to help increase educational and retraining opportunities for individuals and students from low-income and under-represented communities, particularly Black, Hispanic and Native American communities. The remaining funds – approximately $ 30 million – will go towards training and development opportunities for the company’s workforce, as well as programs to build a diverse talent pool and build financial literacy skills for all.
Synchrony (NYSE: SYF) is a leading consumer financial services company. We offer a wide range of specialized financing programs, as well as innovative banking products for consumers, in key industries including digital, retail, home, automotive, travel, health and animals. of company. Synchrony allows our partners to increase their sales and retain consumers. We are one of the largest private label credit card issuers in United States; we also offer co-branded products, installment loans and consumer finance products for small and medium-sized businesses, as well as healthcare providers. Synchrony is changing what’s possible with our digital capabilities, deep industry expertise, actionable data insights, seamless customer experience, and personalized financing solutions. For more information visit www.synchrony.com and Twitter: @Synchrony
About Districts Art & Education (DAE)
District Arts and Education is a Connecticut nonprofit offering educational, development and creative opportunities, including technical and vocational training and certificates, which serve as a catalyst for transforming the lives of individuals and communities that have been historically and systematically underfunded .
About UConn Engineering Ambassadors
UConn Engineering Ambassadors engage a diverse student body, our university, and the wider community in activities that inspire them to explore a variety of creative solutions to the problems facing humanity. We grow as passionate engineers of the future with the power to express engineering concepts through the fundamentals of science and mathematics.
Future 5 helps motivated and underfunded students in Stamford connects to their full potential, leading to independence and productive citizenship. Our goal is to connect our students with the people, resources and experiences essential for the transition to post-secondary education and careers.
 World Economic Forum, January 22, 2020
SOURCE Synchrony Financial