• Resources
  • Blog
  • Journalists
  • Log In
  • Sign Up
  • Data Privacy
  • Send a Release
Cision PR Newswire: news distribution, targeting and monitoring home
  • News
  • Products
    • Overview
    • Distribution by PR Newswire
    • Cision Communications Cloud®
    • Cision IR
    • All Products
  • Contact
    • General Inquiries
    • Request a Demo
    • Editorial Bureaus
    • Partnerships
    • Media Inquiries
    • Worldwide Offices

 

When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
  • News in Focus
      • Browse News Releases

      • All News Releases
      • All Public Company
      • English-only
      • News Releases Overview

      • Multimedia Gallery

      • All Multimedia
      • All Photos
      • All Videos
      • Multimedia Gallery Overview

      • Trending Topics

      • All Trending Topics
  • Business & Money
      • Auto & Transportation

      • All Automotive & Transportation
      • Aerospace, Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads and Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking and Road Transportation
      • Auto & Transportation Overview

      • View All Auto & Transportation

      • Business Technology

      • All Business Technology
      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors
      • Business Technology Overview

      • View All Business Technology

      • Entertain­ment & Media

      • All Entertain­ment & Media
      • Advertising
      • Art
      • Books
      • Entertainment
      • Film and Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • Entertain­ment & Media Overview

      • View All Entertain­ment & Media

      • Financial Services & Investing

      • All Financial Services & Investing
      • Accounting News & Issues
      • Acquisitions, Mergers and Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalization
      • Sales Reports
      • Shareholder Activism
      • Shareholder Meetings
      • Stock Offering
      • Stock Split
      • Venture Capital
      • Financial Services & Investing Overview

      • View All Financial Services & Investing

      • General Business

      • All General Business
      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Environmental, Social and Governance (ESG)
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Overseas Real Estate (non-US)
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls and Research
      • Trade Show News
      • General Business Overview

      • View All General Business

  • Science & Tech
      • Consumer Technology

      • All Consumer Technology
      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications
      • Consumer Technology Overview

      • View All Consumer Technology

      • Energy & Natural Resources

      • All Energy
      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil and Gas Discoveries
      • Utilities
      • Water Utilities
      • Energy & Natural Resources Overview

      • View All Energy & Natural Resources

      • Environ­ment

      • All Environ­ment
      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters
      • Environ­ment Overview

      • View All Environ­ment

      • Heavy Industry & Manufacturing

      • All Heavy Industry & Manufacturing
      • Aerospace & Defense
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation and Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking and Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco
      • Heavy Industry & Manufacturing Overview

      • View All Heavy Industry & Manufacturing

      • Telecomm­unications

      • All Telecomm­unications
      • Carriers and Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications
      • Telecomm­unications Overview

      • View All Telecomm­unications

  • Lifestyle & Health
      • Consumer Products & Retail

      • All Consumer Products & Retail
      • Animals & Pets
      • Beers, Wines and Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics and Personal Care
      • Fashion
      • Food & Beverages
      • Furniture and Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewelry
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys
      • Consumer Products & Retail Overview

      • View All Consumer Products & Retail

      • Entertain­ment & Media

      • All Entertain­ment & Media
      • Advertising
      • Art
      • Books
      • Entertainment
      • Film and Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • Entertain­ment & Media Overview

      • View All Entertain­ment & Media

      • Health

      • All Health
      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine
      • Health Overview

      • View All Health

      • Sports

      • All Sports
      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories
      • Sports Overview

      • View All Sports

      • Travel

      • All Travel
      • Amusement Parks and Tourist Attractions
      • Gambling & Casinos
      • Hotels and Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry
      • Travel Overview

      • View All Travel

  • Policy & Public Interest
      • Policy & Public Interest

      • All Policy & Public Interest
      • Advocacy Group Opinion
      • Animal Welfare
      • Congressional & Presidential Campaigns
      • Corporate Social Responsibility
      • Domestic Policy
      • Economic News, Trends, Analysis
      • Education
      • Environmental
      • European Government
      • FDA Approval
      • Federal and State Legislation
      • Federal Executive Branch & Agency
      • Foreign Policy & International Affairs
      • Homeland Security
      • Labor & Union
      • Legal Issues
      • Natural Disasters
      • Not For Profit
      • Patent Law
      • Public Safety
      • Trade Policy
      • U.S. State Policy
      • Policy & Public Interest Overview

      • View All Policy & Public Interest

  • People & Culture
      • People & Culture

      • All People & Culture
      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women
      • People & Culture Overview

      • View All People & Culture

      • In-Language News

      • español
      • português
      • Česko
      • Danmark
      • Deutschland
      • España
      • France
      • Italia
      • Nederland
      • Norge
      • Polska
      • Portugal
      • Россия
      • Slovensko
      • Suomi
      • Sverige
  • Overview
  • Distribution by PR Newswire
  • Cision Communications Cloud®
  • Cision IR
  • All Products
  • General Inquiries
  • Request a Demo
  • Editorial Bureaus
  • Partnerships
  • Media Inquiries
  • Worldwide Offices
  • PR Newswire: news distribution, targeting and monitoring
  • Send a Release
    • ALL CONTACT INFO
    • Contact Us

      888-776-0942
      from 8 AM - 10 PM ET

  • Send a Release
  • Sign Up
  • Log In
  • Resources
  • Blog
  • Journalists
  • RSS
  • GDPR
  • News in Focus
    • Browse All News
    • Multimedia Gallery
    • Trending Topics
  • Business & Money
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
  • Policy & Public Interest
  • People & Culture
    • People & Culture
  • Send a Release
  • Sign Up
  • Log In
  • Resources
  • Blog
  • Journalists
  • RSS
  • GDPR
  • Overview
  • Distribution by PR Newswire
  • Cision Communications Cloud®
  • Cision IR
  • All Products
  • Send a Release
  • Sign Up
  • Log In
  • Resources
  • Blog
  • Journalists
  • RSS
  • GDPR
  • General Inquiries
  • Request a Demo
  • Editorial Bureaus
  • Partnerships
  • Media Inquiries
  • Worldwide Offices
  • Send a Release
  • Sign Up
  • Log In
  • Resources
  • Blog
  • Journalists
  • RSS
  • GDPR

Stand Together Foundation Commits $750,000 To Develop And Scale RiseKit's Workforce Solution Platform

RiseKit to help millions of unemployed and underemployed individuals across the U.S. find and stay in careers over the next five years through predictive analytics


News provided by

Stand Together Foundation

Oct 01, 2020, 09:00 ET

Share this article

Share this article


ARLINGTON, Va., Oct. 1, 2020 /PRNewswire/ -- Stand Together Foundation today announced an investment of $750,000 in RiseKit to develop and scale its workforce solution through predictive analytics. RiseKit's software is the first tool of its kind to truly bring the workforce system to people struggling with significant employment barriers in underserved communities. The strategic investment will position RiseKit to help millions of unemployed and underemployed individuals across the U.S. to find and stay in careers over the next five years through predictive analytics.

RiseKit's platform is designed specifically for unemployed people from underserved communities who need more than just a job board – job seekers need access to basic necessities, case managers, career coaches, and employers who won't unfairly disqualify them as they navigate their paths successfully. RiseKit is transforming how people manage their career pathways while enabling the workforce system (i.e. employers, nonprofits, governments, grant makers) to better coordinate efforts to improve the efficacy of employment.

Since 2016, Stand Together Foundation has partnered with the country's most effective nonprofits to help accelerate their work and maximize their impact with the goal of breaking the cycle of poverty in America. Stand Together Ventures Lab, which is supporting Stand Together Foundation's investment in RiseKit, partners with ventures that are driving bold innovations with the potential for 100x impact and scale. RiseKit's predictive analytics technology and holistic workforce solution make it a natural fit for both Stand Together Foundation and Stand Together Ventures Lab, which support entrepreneurs with community-driven solutions to help people create fulfilling lives through satisfying work and community engagement.

Stand Together Foundation's investment will directly support RiseKit's vision to expand into more than 50 new markets by 2025 to help underemployed individuals find meaningful work.

"We are excited by RiseKit's leadership team, core beliefs, and vision," said Sihyun Choi, managing director, Stand Together Ventures Lab. "We completely agree on a vision of using predictive analytics to provide a personalized pathway to help underrepresented and low-income residents reach economic mobility."

To date, RiseKit has proven the viability of its technology and business model in the Chicago area, adding more than 1,250 individual users and signing deals with more than 16 partner institutions to provide job opportunities. For example, Akia Young, a RiseKit user living in Indiana, used RiseKit's software to seek employment and find housing in Chicago. Through the platform, Akia was able to secure a new role at Apple and cut her commute by more than an hour and a half. Another user, Sam Waue, had a resume barrier after coming out of prison. He was connected to RiseKit through Teamwork Englewood and accredits his ability to rise from part-time work to full-time work that lead to a promotion because of the resume and other employment support he received from RiseKit.

Stand Together Foundation works with a network of more than 180 nonprofit organizations who will now benefit from access to the platform, allowing the people they work with to leverage the AI and predictive analytics of the platform for acutely aligned job placements. The expanded user base will not only help drive adoption nationwide but will also allow RiseKit to give employers access to even more diverse candidates looking for careers and support programs.

"We believe that each and every person has unique gifts to offer the world, and we are eager to find new ways of helping individuals experiencing poverty discover their talents to contribute and rise. RiseKit offers a compelling new model to help connect those struggling to find opportunity with meaningful work," said Evan Feinberg, executive director, Stand Together Foundation. "We believe we can help RiseKit connect with the best nonprofits in the country and an employer network that will meaningfully help them scale. We're committed to helping them transform as many lives as possible."

RiseKit is led by a creative and adaptive team of social entrepreneurs who are dedicated to helping overlooked communities rise. While volunteering at workforce development organizations like i.c. stars and Teamwork Englewood, Co-Founder and CEO Matt Strauss learned how difficult it was for Chicagoans to navigate the path to employment. Those experiences led Matt and his team to build RiseKit into what it is today.

"Poverty and access to jobs is a complex problem," said Strauss. "Our team uncovers and deals with systemic problems every day, which can sometimes make it feel so painful to do this work. But we continue to work hard and take time to celebrate as a team every time we see success stories. With the use of predictive analytics, we will be able to transform the way unemployed and underemployed job seekers understand what it takes to get and maintain a job, while creating more trust in the ecosystem of supporting schools, training providers, employers, government systems, and foundations."

About RiseKit
RiseKit provides all job seekers access to a career path, regardless of the zip code in which they live. Our software connects unemployed and underemployed people from underserved communities with jobs, training programs, and supportive services to rise above barriers to their employment. We also help nonprofits, employers, government systems, and community foundations save time supporting job candidates and measuring outcomes. We aim to facilitate a world where a person's ability to rise isn't defined by their zip code, social capital, or past circumstances and where nonprofit providers and employers alike can answer the question, "How can we efficiently impact and uplift the communities that we serve?" Visit us at RiseKit.co to learn more.

About Stand Together Foundation
Stand Together Foundation identifies, recruits, and cultivates a community of dynamic entrepreneurs who are leading a movement to break the cycle of poverty in America. We strategically partner with the country's most innovative and effective nonprofits and invest in them through financial capital, management support, storytelling and other offerings to fuel their innovation and take their efforts to the next level. Our goal is to transform the social sector by helping nonprofit leaders maximize their impact, addressing persistent poverty through a deep belief in people and bottom-up solutions. Learn more at StandTogetherFoundation.org.

About Stand Together Ventures Lab
Stand Together Ventures Lab (STVL3, LLC) is an active value creator in originating, incubating, and funding ventures that leverage disruptive business models and/or unique application of technology with the potential to drive exponential transformations in society and advance its members' missions. For inquiries please reach out to [email protected].

Contacts:
Allison Fried: (571) 236-2589 ([email protected])

SOURCE Stand Together Foundation

Modal title

Also from this source

Stand Together Foundation Announces $7M Campaign To Bring 500...

Explore

More news releases in similar topics

  • Human Resource & Workforce Management
  • Computer & Electronics
  • Data Analytics
  • Not For Profit

Contact Cision

  • Cision Distribution 888-776-0942
    from 8 AM - 9 PM ET

  • Chat with an Expert
  • General Inquiries
  • Request a Demo
  • Editorial Bureaus
  • Partnerships
  • Media Inquiries
  • Worldwide Offices

Products

  • Cision Communication Cloud®
  • For Marketers
  • For Public Relations
  • For IR & Compliance
  • For Agency
  • For Small Business
  • All Products

About

  • About PR Newswire
  • About Cision
  • Become a Publishing Partner
  • Become a Channel Partner
  • Careers
  • COVID-19 Resources
  • Accessibility Statement
  • Asia
  • Brazil
  • Canada
  • Czech
  • Denmark
  • Finland
  • France
  • Germany
  • India
  • Israel
  • Italy
  • Mexico
  • Middle East
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Russia
  • Slovakia
  • Spain
  • Sweden
  • United Kingdom

My Services

  • All New Releases
  • Online Member Center
  • ProfNet

Contact Cision

Products

About

My Services
  • All News Releases
  • Online Member Center
  • ProfNet
Cision Distribution Helpline
888-776-0942
  • Terms of Use
  • Privacy Policy
  • Information Security Policy
  • Site Map
  • RSS
  • Cookie Settings
Copyright © 2022 Cision US Inc.