According to U.S. Census data, there are more than 60,000 Young Men of Color in Bay Area region who are not in school and not working.
This disconnected and vulnerable population not only represents untapped potential, but also contributes to more than $1.4 billion dollars in social and economic burdens, including unrealized U.S. tax revenues. The alarming disconnection of YMoC in the Bay Area has far reaching implications for business competitiveness, including diversity and inclusion goals of companies looking to attract, hire, and retain a more diverse workforce. As companies seek to forge employer-led solutions to address their talent needs (for young adults who normally do not have access to career opportunities) there are increasingly many opportunities to showcase and articulate viable career pathways.
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KEY INSIGHTS INCLUDE:
- Investing in disconnected Young Men of Color means an improvement of $9,800 per young adult in earned wages, $1,680 in paid taxes, and $12,220 of freed government resources.
- Nearly one in three event participants cited transportation as a top requirement to sustain employment. For many, the lack of reliable transportation and limited job opportunities, create a formidable barrier to finding and keeping a career.
- On average, attendees received a 65% conditional offer rate, and employers generally found BAYEP job seekers qualified and ready to work for their companies.
- With direct access to friendly employers, the re-entry attendees at the BAYEP Career Pathway Summit successfully secured conditional offers. The interview-to-offer ratio of around 68% is on par with the general attendee population.
- The majority of attendees who received job offers were male, Black or African American, and between the ages of 18-34, which is reflective of the overall attendee demographics.