Emerson CEO David Farr announced a new program that would invest millions of dollars and resources into the Ferguson community Thursday morning.
Called Ferguson Forward, the program will focus on supporting early childhood education, youth jobs, scholarships for college and technical and business development training. Emerson, which is based in Ferguson, is renewing its commitment to the area, Farr said.
Emerson will commit $750,000 to aid youth employment, including funding for 100 jobs for eligible Ferguson area youth between the ages of 16 and 23.
David Farr, CEO and chairman of Emerson, on Thurssday unveiled his company’s plan to support the Ferguson area by targeting early childhood education, jobs for young people, and college, technical and business development training.
Dubbed “Ferguson Forward,” the plan includes more than $4 million in new funding as well as a redirection of half of the company’s existing commitments to the United Way.
The Emerson plan also includes a $750,000 funding commitment to support youth employment in North County. Farr said Emerson will work with MERS Goodwill Industries and the STL Youth Jobs program. The company will also fund 100 jobs for Ferguson-area youth ages 16 to 23.
Emerson, one of the region’s largest companies, is donating $4.4 million to fund scholarships and youth employment efforts for residents in north St. Louis County and Ferguson, where its headquarters is based.
“Ferguson is our home and has been for the last 70 years,” Farr said in a statement. “We choose to be here and are committed to this community, especially now in its increased time of need. We believe in hope and opportunity and want to help remove barriers so that more of our neighbors can succeed.”
Emerson also is donating $750,000 to fund youth employment efforts through MERS/Goodwill Industries and the STL Youth Jobs program. Emerson’s funding will sponsor 100 jobs for teenagers and young adults aged 16 to 23 in the Ferguson area.