The Hartford Sponsors AARP Foundation’s Back To Work 50+ Initiative To Support Low-income Older Adults And Generate Small B...
26 June 2015 - 11:22PM
Business Wire
- The Hartford invests $1.4 million to
help older adults gain the skills to develop microenterprises
- Expands company’s national
philanthropic program Communities with HART as it celebrates
one-year anniversary
The Hartford has committed $1.4 million to AARP Foundation to
extend the Foundation’s Back to Work 50+ initiative to help
low-income older adults assess opportunities to become
entrepreneurs and create microenterprises.
“We are thrilled to sponsor the Back to Work 50+ program to
educate and inspire older Americans who are interested in
developing their own small businesses,” said Diane Cantello, vice
president of Corporate Responsibility at The Hartford. “By
encouraging entrepreneurship among older Americans, this program
will help foster small business growth and contribute to the
vibrancy of our communities.”
The three-year sponsorship, which broadens The Hartford's
long-standing relationship with AARP, is part of The Hartford’s
national philanthropic program. Communities with HART nurtures the
well-being of America’s communities by inspiring new generations of
business leaders, enabling underserved neighborhood business owners
to achieve growth and engaging the community in neighborhood
business support.
“Older adults are redefining traditional approaches to work and
careers,” said Lisa Marsh Ryerson, president of AARP Foundation.
“While many want to continue to work or advance in their current
jobs, a growing number want to generate income by using their
talents and skills to start their own business or microenterprise.
Through this effort, AARP Foundation stands ready to help by
equipping them with the information and skills they need to achieve
their goals.”
Communities with HART Celebrates One-year Anniversary
The announcement of this new sponsorship comes on the heels of
the one-year anniversary of The Hartford’s Communities with HART
Program, a five-year initiative aimed at benefiting small
businesses and supporting students through partnerships with the
Accion U.S. Network (Accion) and Junior Achievement USA (JA).
In its first year, The Hartford announced a $1.25 million
partnership with Accion to help small business owners who
experience difficulty in accessing the traditional loans they need
to sustain and grow their businesses. Accion manages the loan
process, which focuses on community-oriented businesses in
low-and-moderate income areas that hire and source locally, deliver
social value and make a positive difference in their neighborhoods.
With an initial focus in four key markets - Chicago, Hartford, San
Antonio and San Diego – Communities with HART also provides
training and web resources to help small business owners
succeed.
The Hartford is also helping to inspire the next generation of
small business owners as the title sponsor of the JA Company
Program®, which includes a new online blended learning model and
offers students the opportunity to launch their own small business
while learning the basics of entrepreneurship, financial literacy
and work readiness. With the help of a $1.5 million investment, JA
has already seen more than a 25 percent increase in the number of
JA Company Programs being conducted since the new program was
rolled out across the country at the end of last year.
About AARP Foundation
AARP Foundation is working to win back opportunity for
struggling Americans 50+ by being a force for change on the most
serious issues they face today: housing, hunger, income and
isolation. By coordinating responses to these issues on all four
fronts at once, and supporting them with vigorous legal advocacy,
the Foundation serves the unique needs of those 50+ while working
with local organizations nationwide to reach more people,
strengthen communities, work more efficiently and make resources go
further. AARP Foundation is AARP’s affiliated charity. Learn more
at www.aarpfoundation.org.
About The Hartford
With more than 200 years of expertise, The Hartford (NYSE: HIG)
is a leader in property and casualty insurance, group benefits and
mutual funds. The company is widely recognized for its service
excellence, sustainability practices, trust and integrity. More
information on the company and its financial performance is
available at www.thehartford.com. Join us on Facebook at
www.facebook.com/TheHartford. Follow us on Twitter at
www.twitter.com/TheHartford.
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Litigation Reform Act of 1995. We caution investors that these
forward-looking statements are not guarantees of future
performance, and actual results may differ materially. Investors
should consider the important risks and uncertainties that may
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We assume no obligation to update this release, which speaks as of
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version on businesswire.com: http://www.businesswire.com/news/home/20150626005387/en/
Media Contacts:The HartfordMichelle Symington,
860-547-5385michelle.symington@thehartford.comorAARP
FoundationCharlotte Castillo, 202-434-2560media@aarp.org
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