Top Wall Street Firms, U.S. Chamber of Commerce and IAVA Team Up to Tackle New Veteran Unemployment

FOR IMMEDIATE RELEASE
Wednesday, June 20th, 2012

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Top Wall Street Firms, U.S. Chamber of Commerce and IAVA Team Up to Tackle New Veteran Unemployment

Senator Chuck Hagel, FDNY Commissioner Salvatore Cassano, KKR Portfolio Manager Paul Raether, IAVA Heroes Gala Honoree and OpMend Advocate Aaron Mankin to Keynote Second Annual VOWS Conference on Veteran Joblessness in New York City

NEW YORK—Today, Iraq and Afghanistan Veterans of America (IAVA), the nation's first and largest nonprofit, nonpartisan organization for veterans of the wars in Iraq and Afghanistan, announced it will partner with Veterans on Wall Street (VOWS), the U.S. Chamber of Commerce and National Chamber Foundation for the second annual VOWS Conference and Hiring Our Heroes job fair on Thursday, June 21st in New York City. The VOWS Conference, backed by Bank of America, Citi, Credit Suisse, Deutsche Bank and Goldman Sachs, will convene Wall Street firms, Veterans Service Organizations, military and government leaders, and over 80 companies nationwide to discuss innovative ways that the public and private sectors can tackle veteran unemployment. In conjunction with the conference, IAVA, VOWS and the Chamber will host a Hiring Our Heroes job fair to connect Northeast veterans with critical employment resources, including resume reviews, interview skills training and more to ease their transition from combat to career. To close the evening, the five VOWS founding banks will host a dinner event to raise critical funds benefiting IAVA and Veterans Service Organizations across the country. 

"IAVA applauds VOWS and their partners for leading this effort to support new veterans through one of the most difficult transitions after service: finding a civilian job. For a decade this New Greatest Generation has led overseas and now they’re returning ready, willing and energized to lead in business, tech, and education—they’re just looking for opportunities. IAVA members nationwide are facing a 17 percent unemployment rate. With thousands more returning home, now is the time to provide our troops, veterans and their families with innovative tools and career resources for the transition ahead,” said IAVA Founder and Executive Director Paul Rieckhoff. “From Wall Street to Main Street, we must support these men and women who have served our country and continue to sacrifice daily. Hiring veterans isn’t charity. It’s an investment and smart business for America. IAVA is encouraged to see Wall Street and the private sector stepping up to show our community: ‘We’ve got your back—and we want you on our team.’”

The Hiring Our Heroes job fair will take place in The Atrium at 60 Wall Street from 8:00am-1:00pm on Thursday, June 21st. The fair is open press and free for service members and veterans of all eras and their spouses.

Over 250 IAVA Members and spouses are registered to attend the job fair, and more than 80 companies including GameStop, Coca Cola, American Express and Edward Jones are expected to participate with jobs available for veterans of all ranks and levels of experience.  Attendees will be able to draw on a host of employment resources and workshops provided by the U.S. Chamber of Commerce, VOWS and IAVA. Veterans can sign up for the hiring fair and learn more about participating employers here.  To register for the VOWS Conference, please visitwww.veteransonwallstreet.com

In 2012, IAVA is tackling veterans’ unemployment on every front, in both the public and private sectors. In May, a report from the Department of Labor showed new veteran unemployment climbed to 12.7 percent; a recent IAVA survey shows that rate at 17 percent nationally for IAVA members. Innovative job fairs are a key part of IAVA’s Employment Program to lower new veteran unemployment and engage both sectors on solutions to ease veterans’ transition from combat to career. In the coming months, IAVA and Hiring Our Heroes will sponsor more job fairs for new veterans and their spouses in Atlanta, Dallas and San Francisco. Veterans can register to attend in these cities here.

If you are a member of the media who wishes to cover the Hiring Our Heroes job fair and arrange an interview with IAVA Executive Director Paul Rieckhoff, Deputy Policy Director Tom Tarantino or an IAVA Member Veteran struggling with unemployment, please contact Michelle McCarthy at (212) 982-9699 or michelle@iava.org.

Iraq and Afghanistan Veterans of America (www.IAVA.org) is the country’s first and largest nonprofit, nonpartisan organization for veterans of the wars in Iraq and Afghanistan and has more than 200,000 Member Veterans and civilian supporters nationwide.

 

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