Are you an Employer?    Attract the Best Candidates with Smart Job Postings!
Search Hospitality Resumes
The Largest Collection of Jobs on Earth | HospitalityCrossing
Need Help? Call (800) 680-7345  

Job Seeker Login   Employer Login 

Job Seekers? Try it Now  

Search Hospitality Jobs
Browse Hospitality Jobs
Post Hospitality Jobs
Attention Employers - Only EmploymentCrossing Posts Your Jobs to Over 500+ Other Job Sites. TRY IT FREE!
home > career connect
  • Employment News

A man who once attended Abington High School and has since turned into a private equity magnate, ha recently made the decision to spend a total of $3 million on the development of a program in the area of Philadelphia. The program is all about promoting entrepreneurism. The money is coming from the Blackstone Charitable Foundation, which is led by Stephen A. Schwarzman, according to the Philadelphia Inquirer.

As a co-founder for the Blackstone Company, Schwarzman believed that this entrepreneur program was a necessity. In fact, he has said, “The reason we’ve done this is after the Lehman collapse, it became clear where we were going: into a recession where there could be high levels of unemployment. … We decided the best contribution we could make would be to help people create jobs by creating businesses. That way, they can take care of themselves.”

The reason that the city of Philadelphia was picked for the program is because its economy is currently struggling, and it is also a good spot for entrepreneurism. The $3 million will be put toward adding new staff members in different places, including Temple University and Philadelphia University.

Thousands of students will have the opportunity to join the Blackstone LaunchPad. All students will have the opportunity to complete an assessment while also filling out a profile of the types of goals and ambitions they have for business. The colleges will offer advice, guidance, and support to help these students keep up with their goals and ambitions, ultimately achieving success. Students who have more thorough plans will be able to receive intensive mentoring from these different colleges.

While the Blackstone Charitable Foundation is doing something good for the city of Philadelphia, the foundation will also be spending a total of $50 million across the nation in an effort to promote entrepreneurism. The Director for Temple’s Innovation and Enterprise Institute, Jaine Lucas, has said, “We fully expect to double the amount of students who receive our services.”

She also said, “Great ideas come from everywhere.” One student in particular, Antinnea Skipwith, is excited about the opportunity. She has serious goals of creating a social networking company that would help to strengthen the economies in different areas around the world. She would like to start her own business rather than follow someone else. She believes that the entrepreneurism program will allow her to make the connection that she needs to get her business started, even while she is still in college.

Career Connect  (From our other career blogs):

Employment News (Sponsored by EmploymentSpectator)

Job Search Advice from the CEO of HospitalityCrossing (Sponsored by

Layoff News (Sponsored by LayOffWatch)

2013 Most Influential Hospitality Recruiter Rankings
arrow 600+ prestigious recruiters across America ranked
arrow 60+ industries and professions scrutinized
arrow Comprehensive updated candid report
Get the ranking
total jobs
on HospitalityCrossing
new jobs this week
on HospitalityCrossing
total jobs
on EmploymentCrossing network available to our members
job type count
on HospitalityCrossing
top 5 job searches
jobs near you
International jobs
Work at home jobs
UK jobs
Canada jobs
New search feature using US map. click here

Looking for a new hospitality job in your city? click here
today's featured job
Restaurant Manager
United States-IN-Fort Wayne

Restaurant Manager Fort Wayne, IN - Indiana Job Description First and foremost, General Managers live and teach the mission and vision of the compa...

HOSPITALITY Click to Apply for -
job search tip
Job Search myth: Good things come to those who wait. Probably not. Good things come to those who initiate. Don't sit around and expect a job to come to you. Make it happen- now!

Your privacy is guaranteed. We will never give out, lease, or sell your personal information.