Leveraging Financial Education to Improve the Impact of Workforce Innovation and Opportunity Act (WIOA) Leveraging Financial Education to Improve the Impact of Workforce Innovation and Opportunity Act (WIOA)

This Event Has EndedThis Event Has Ended

icon
Thursday, December 10, 2015
8:30 a.m. - 3:00 p.m.
 
icon
Federal Reserve Bank of Boston
600 Atlantic Avenue
 
directions & visitor information

The Federal Reserve Banks of Boston and New York – in partnership with Region 1 of the U.S. Department of Labor - invite you to a one-day conference focused on improving systems leading to enhanced financial behaviors and outcomes for youth and young adults.

Presenters will highlight how building the financial skills of Workforce Innovation and Opportunity Act (WIOA) youth can be part of a holistic approach to ensuring positive program outcomes. Conference participants will learn from financial education experts what a "financially capable" WIOA youth would look like and highlight initiatives, delivery models, tools and resources for workforce entities and Employment and Training Administration (ETA) grantees to build successful programs and critical partnerships.

The goal of the conference is to share concrete tools, strategies and potential program models, and will include an opportunity to request additional technical assistance as participants consider program options. A strong emphasis will be placed on how to move from just increasing knowledge to changing behavior to increase not only financial skills, but also academic and workforce-readiness skills. Breakfast and lunch will be provided.

 

Agenda

7:30 – 8:30 A.M.Registration and Continental Breakfast
8:45 – 9:15

Welcome

Jeff Fuhrer
Executive Vice President and Senior Policy Advisor
Federal Reserve Bank of Boston

Holly O'Brien
Regional Administrator
Region 1 U.S. Department of Labor, Employment and Training Administration

9:15 – 9:25

Event Overview

Christine Capota
Senior Outreach and Technology Specialist
Federal Reserve Bank of Boston

Part 1: Awareness Building

9:25– 10:10

The Potential for Impact: Financial Well-Being and Opportunity Youth
Gain insights from national financial education expert, Dr. Billy Hensley, as he defines what is meant by "financial well-being," the unique opportunities WIOA youth programs have to increase the financial skills of young adults, and the connection between financial knowledge and behaviors and future economic stability and mobility.

Dr. Billy Hensley, Senior Director of Education
National Endowment for Financial Education

Interviewer: Dr. Adrian Franco, Director of Education
Federal Reserve Bank of New York

10:10 – 10:30

WIOA: Partnering to Empower Youth and Young Adults
WIOA calls for the public workforce system to provide high-quality services to all youth and young adults beginning with career exploration and guidance; continued support for educational attainment; opportunities for skills training in in-demand industries and occupations, such as pre-apprenticeships or internships; and culminating with a good job along a career pathway, enrollment in postsecondary education, or a Registered Apprenticeship. To answer this call, WIOA requires Federal, state, local and regional partners to engage with each other in a more meaningful way than ever before. The new charge is to align and leverage resources to provide youth and young adults a broad range of services, including financial literacy education, to ensure they are empowered and have the skills and capacity to succeed in today's dynamic economy. This session will help frame today's discussion by providing the audience an update on WIOA and related efforts.

Tim Martin, Director of Workforce Systems
U.S. Department of Labor, Employment and Training Administration

10:30 – 10:40Break
10:40 – 11:55

Partnerships to Support a Holistic Approach to Serving Young People
This panel focuses on available resources (inputs) and partnerships that youth programs and practitioners require to build successful financial capabilities initiatives and integrate them in current programming. Representatives from agencies/organizations that have deployed high-quality and diverse resources including train-the-trainers, curricula, materials, networks, and counseling will describe these resources and answer questions on implementing and leveraging these resources.

Moderator: Heather Graham, Director, Office of Discretionary Grants
Region 1 U.S. Department of Labor, Employment and Training Administration

Dr. Billy Hensley, Senior Director of Education
National Endowment for Financial Education

Laura Levine, President and CEO
National Jump$tart Coalition

Sunaena Chhatry, K-12 Senior Policy and Innovation Analyst
Office of Financial Education, Consumer Financial Protection Bureau (CFPB)

I-Hsing Sun, Chief Program Officer
Cities for Financial Empowerment Fund (CFE)

Tracie Morris, Senior Community Affairs Specialist
Outreach and Program Development, DCP, FDIC

11:55 A.M – 12:55 P.M.

Luncheon and Networking Stations

Networking Lunch Table Info

12:55 – 1:45

Building Financial Skills in Youth Workforce Programming: Best Practices and Resources
A discussion about becoming an in-house financial capability advocate and preparing your organization to meet the new WIOA youth program element: Financial Literacy Education. Panelists will share insight about the challenges and successes decision makers may encounter on their journey to implementing and promoting financial capability programs. Panelists will also discuss strategies for program integration, client outreach and engagement and how organizations can best partner and collaborate to maximize local resources. By the end of the panel, participants will get a realistic sense of what it takes for organizations to successfully plan for and implement financial capability programs to improve the lives of the youth you serve.

Moderator: Marybeth Campbell, Executive Director
SkillWorks

Nick Maynard, Senior Innovation Director
Doorways to Dreams (D2D) Fund

Mark Treskon, Research Associate
The Urban Institute

Lauren Larin, Director, Technical Assistance and Evaluation
MyPath

Part 2: Interactive Sessions
1:45 – 2:55

Facilitated Group Discussions
Based on what you have learned throughout the day, attendees will consider and discuss which approaches and techniques would be most useful for targeted youth populations, such as teen parents or court-involved youth, in their programs and communities and how they might be implemented. In small facilitated groups, you will discuss the needs of your programs and communities as well as existing service, potential intervention points, resources, and knowledge gaps. Attendees will have the opportunity to revisit the question posed at the outset of the event, "What is a financially capable young person?" and refine this definition with an eye towards implementing effective strategies. [NOTE: Includes a 5-minute travel break time before and after the group discussions.]

2:55 – 3:25

Identifying Key Implementation Needs

Facilitator: Christine Capota, Senior Outreach and Technology Specialist
Federal Reserve Bank of Boston

3:25 – 3:30 Final Thoughts

Tim Martin, Director of State Systems
Region 1 U.S. Department of Labor, Employment and Training Administration

Chris Shannon, Community Affairs Manager
Federal Reserve Bank of Boston

3:30Adjourn

up down Background Materials