Maine JumpStart Coalition and Office of Securities Announce “Fostering Financial Literacy in Maine Schools Summit”

Second Annual Statewide Conference Set For May 12th In Augusta

AUGUSTA, MAINE — The Augusta Civic Center will be the site on May 12, 2011 of Maine’s second annual Financial Literacy Summit, organizers from the Maine JumpStart Coalition and Maine Office of Securities announced today. The Summit offers teachers, school administrators and parents an opportunity to learn techniques from state and national experts for including financial education in the K-12 experience.

The Summit’s day-long agenda will include an inspiring keynote from author and financial planner Michael Rubin, author of Beyond Paycheck to Paycheck: A Conversation about Income, Wealth and the Steps in Between. Workshops, interactive plenary sessions and an opportunity to network with financial literacy exhibitors and sponsors will also be offered.

“Maine families and businesses will benefit from young people who are more financially literate, who understand the importance of planning for the future and making wise use of their resources,” Governor Paul LePage commented. “This annual summit is helping to make that happen. And it’s an example of how the public and private sectors can work together to strengthen our schools by offering teachers and administrators meaningful information and valuable tools.”

In order to make the Summit feasible for as many school districts and classroom teachers as possible, the Summit planning committee has committed to keeping the registration fee at $25. In addition, school districts needing support to send a classroom teacher to the event will be eligible to be reimbursed for those costs.

“We’re thrilled to have received support from a coalition of public-private sponsors, including the Department of Professional and Financial Regulation, the Finance Authority of Maine, the Maine Credit Union League, and a growing list of Maine financial institutions and businesses, many of which are designating their sponsorship to enable educators in their local communities to attend,” said Maine JumpStart President William T. Olsen. “There is, however, an opportunity, and need, for additional support for the Summit to reach as many Maine schools and students as possible,” Olsen added.

Maine Securities Administrator Judith Shaw, who is Vice Chair of the Maine JumpStart Coalition, commented on the value and importance of the May 12th event. “Anyone who is concerned with making sure that quality financial education resources are included in the school experience of Maine children and young adults cannot afford to miss this event.”

Maine businesses and financial service providers can show their leadership in the youth financial education movement by becoming involved in the Summit. More information on attending or sponsoring this educational conference is available on Maine JumpStart website at http://www.jumpstart.org/states-maine.html or the Office of Securities’ website at http://www.investors.maine.gov. Information may also be obtained by calling the Office of Securities toll-free at 1-877-624-8551.

The Office of Securities 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 online at http://www.maine.gov/pfr.

Jump$tart is a national coalition of organizations dedicated to improving the financial literacy of pre-kindergarten through college-age youth by providing advocacy, research, standards and educational resources, with chapters in each state. Jump$tart strives to prepare youth for life-long successful financial decision-making.

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