Governor Baldacci, State Regulators and Maine Jump$tart Coalition Announce First Youth Financial Literacy Summit

Teachers, School Administrators, Parents and Others Encouraged to Attend

GARDINER, MAINE – In recognition of April’s designation as “Financial Literacy for Youth Month,” Governor John E. Baldacci is joining Maine Securities’ Administrator Judith Shaw and Maine Jump$tart board president William Olsen in announcing Maine’s first-ever Financial Literacy Summit for Youth.

This inaugural event, set for May 7th at the Augusta Civic Center, will bring state and national experts together for an in-depth training session that will showcase best practices for incorporating financial literacy instruction in classrooms and beyond. Local business support of the summit has enabled organizers to offer the event at a nominal cost to attendees, with additional subsidies available for many school districts needing substitute teacher assistance.

The day-long gathering will give educators and others interested in fostering youth financial literacy practical tools and free curriculum resources to assist in helping students become financially capable adults in the 21st century. Noting that economic conditions and advances in technology make financial literacy more important than ever, Governor Baldacci and summit organizers are encouraging teachers, school administrators and others to register for the upcoming training.

“The need for young people to become financially literate has never been greater,” Governor Baldacci commented. “Recent uncertainties in the global economy have reminded us about the importance of being wise consumers and smart investors, and the value in planning for the future.”

Spearheaded by Maine’s Office of Securities and, the Maine Jump$tart Coalition for Personal Financial Literacy, the summit planning committee includes the Maine Department of Education, and the Maine Department of Professional and Financial Regulation. In addition to Governor Baldacci, event speakers and panelists will include former Governor Angus King, Education Commissioner Susan Gendron, Bowdoin College Treasurer Catherine Longley, Jump$tart Coalition Executive Director Laura Levine, and Jeanne Hogarth from the Federal Reserve Board in Washington, D.C.

Additionally, Don Blandin of the Investor Protection Trust, as well as Jack Gallagher and Pam Krueger from the award-winning PBS series “Money Track”, are scheduled to make presentations.

“This first-ever statewide summit promises to train and energize a network of educators, counselors, parents and other financial education mentoring organizations throughout Maine who will help to make the next generation of consumers and investors more knowledgeable and savvy,” Securities Administrator Shaw added. “Teachers and anyone else involved in fostering youth financial education are urged to learn more and to join us May 7th in Augusta.”

More information, including an agenda and summit registration form, is available by calling the Office of Securities at 877-624-8551, by visiting the Office of Securities’ website at http://www.investors.maine.gov and clicking on the summit announcement, or by e-mailing dona.l.garippa@maine.gov. Online registration is also available through the Maine Jump$tart website http://www.mejumpstart.org by clicking on “Financial Literacy Summit” and following the instructions. The deadline for seeking financial support is April 15. All registrations must be received by April 30th.

The Office of Securities oversees the securities industry in Maine. It is part of Maine’s Department of Professional and Financial Regulation, which encourages sound ethical business practices through the regulation of insurers, financial institutions, creditors, investment providers, and numerous professions and occupations for the purpose of protecting the citizens of Maine. Consumers can learn more about the Department at http://www.maine.gov/pfr

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