Caesars creates initiative to aid human trafficking victims
In an effort to provide “long-term positive change” for adult and child victims of human trafficking, Caesars Entertainment has created an investment initiative called the Shared Future Fund. It will be managed by ImpactNV, a Southern Nevada nonprofit that addresses pressing social needs.
Initially, the fund will be comprised of in-kind donations and financial support from Caesars, with an inaugural fund-raising event scheduled to be held in the spring. Grants, loans and investments will also be part of the model.
“The formation of the Shared Future Fund underscores Caesars Entertainment’s belief that every human being deserves an equal opportunity for a bright future and fulfilling life,” said Jan Jones Blackhurst, executive vice president of public policy and corporate responsibility for Caesars Entertainment, in a statement.
“In our inaugural year, the Shared Future Fund will prioritize solutions centered on human trafficking, which is an issue that particularly affects women and children. As the first social impact fund for Nevada, we hope that our new venture can be a model for companies and communities collaborating to end systematic inequity.”
Human trafficking is a significant issue in the hospitality industry, as evidenced by Nevada ranking second for highest number of such cases per 100,000 residents in the United States, with more than twice the national average. Targeting that issue, the fund’s aim is to develop a strategy to reduce, treat and rehabilitate sex trafficking victims.
The fund will also dispense financial assistance to address homelessness in Nevada, which has the nation’s third-highest homeless rate. It will also be used in the service of immigrant integration, to help new Nevadans via community connections, education, employment, naturalization and healthcare.
“Impact NV has a proven track record for accelerating and deploying evidence-based solutions that solve … systemic challenges facing Southern Nevada’s most vulnerable populations,” said Lauren Boitel, Impact NV’s executive director, in a statement.
“With the Shared Future Fund, we believe we can create a safety net for the local community where every person is seen, heard and valued, ultimately building a stronger community for us all.”
In addition to the fund, Caesars is also launching a six-stop “Economic Equity Tour,” which will visit communities where affiliates of Caesars Entertainment are located, focusing on financial literacy, workforce development, entrepreneurship and potential business opportunities.