Scotiabank invests over $14 Million
[Kingston, Jamaica] – (August, 2016) – Scotiabank is investing over $14 million in Junior Achievement (JA) Jamaica's project Road to Success. JA Jamaica is a part of JA Worldwide, one of the largest non-government organizations (NGOs) in the world devoted to inspiring and preparing youth to be successful in today's global economy.
"One of our priorities is to support the ongoing improvement of the communities where we live and work. We are very proud to help JA offer financial literacy and social development programs to support young people with the tools and skills they need to be successful in the future," said Jacqueline Sharp, President and CEO Scotia Group.
"Our biggest opportunity is to help youth discover their goals and guide them to reach success. Road to Success will allow us to do that by using innovative technologies to transform education," said Alphie Mullings-Aiken, President of JA Jamaica.
Road to Success provides young people with the necessary tools and hands-on in-class workshops to help them succeed in life and face economic challenges. The programme's objective is to raise awareness among youth about the importance of managing their finances and have clear professional goals, interests and values.
JA Jamaica is one of fifteen countries in the JA Americas region implementing this programme. The other countries include: Chile, Colombia, Mexico, Peru, Uruguay, Costa Rica, Panama, The Bahamas, Trinidad and Tobago, Dominican Republic and Dominica.
"Road to Success will have a long-term impact on the future lives of 50,000 students between the ages of 16 and 20 across the region," said Mullings-Aiken.
The funding provided by Scotiabank will support the programme in three phases over a two year period to commence later this year. During the first phase, the existing content of the JA Economic For Success programme will be digitalized to offer printed and electronic resources to participants. This programme helps youth achieve a successful economic life: choosing the right career and managing money properly.
The second phase involves Innovation Camps, which are one-day camps that provide an intensive experience that will engage students with entrepreneurial and collaborative learning opportunities. The students will be divided into teams and will be presented with a challenge to find a creative and innovative business solutions relevant to the Bank. During phase three, a Scotiabank volunteer jury will choose the winners of the national competition, who will then compete against their peers in a regional competition.
Scotiabank's total investment in the JA Americas region for this project is US$2,000,000.
Scotiabank is Canada's international bank and a leading financial services provider in North America, Latin America, the Caribbean and Central America, and Asia-Pacific. We are dedicated to helping our 23 million customers become better off through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. With a team of more than 89,000 employees and assets of $895 billion (as at April 30, 2016), Scotiabank trades on the Toronto (TSX: BNS) and New York Exchanges (NYSE: BNS). Scotiabank distributes the Bank's media releases using Marketwired. For more information, please visit www.scotiabank.com and follow us on Twitter @ScotiabankViews.
About JA Jamaica
JA Jamaica is a registered non-profit organization focused on preparing youth ages 5-24 to be globally competitive in business and own their economic success. The programmes are based on three pillars; entrepreneurship, financial literacy and work readiness. Since 2009, JAJ has reached over 60,000 youth through partnerships with the Ministry of Education (MoE) and several private and public organizations.
For media enquiries only:
Hope McMillan Canaan | Public and Corporate Affairs Manager | Scotiabank
Paul McFarlane- Marketing Manager | JA Jamaica | 363-0574
About Scotia Group Jamaica Limited (SGJL)
Scotiabank has been in Jamaica since 1889 and is the premier financial institution in the country with just over 2,000 employees and 35 Branches Island wide. SGJL is a subsidiary of Scotiabank (Canada) and offers a diverse range of products and services including personal, commercial, and small business banking, wealth management, insurance, and mortgages. SGJL is an award winning institution having been named on numerous occasions as the Bank of the Year and Best Bank in Jamaica by international financial publications – the Banker, Latin Finance, Euromoney, and Global Finance magazines. SGJL has JMD$ 450 billion in assets (as at April 30, 2016). For more information please visit www.scotiabank.com/jm.