Press Releases

December 3rd, 2012: Downtown Project and Tony Hsieh Pledge $1 Million to VFA

December 3rd, 2012

DOWNTOWN PROJECT AND TONY HSIEH PLEDGE $1 MILLION TO VENTURE FOR AMERICA TO SPUR LAS VEGAS DOWNTOWN REVITALIZATION EFFORTS

VENTURE FOR AMERICA WILL SEND OVER 100 TOP COLLEGE GRADUATES OVER THE NEXT FIVE YEARS TO SUPPORT DOWNTOWN PROJECT’S START-UP BUSINESSES, LOCAL SMALL BUSINESSES, REAL ESTATE DEVELOPMENT, AND COMMUNITY EFFORTS

Las Vegas, NV — Downtown Project and Venture for America today announced that Tony Hsieh and Downtown Project pledged $1 Million to Venture for America starting in 2013. During the next five years, Venture for America will send at least 100 of the country’s most talented and enterprising graduates to downtown Las Vegas to assist Tony Hsieh and Downtown Project in helping revitalize downtown Vegas.

“We’re thrilled to be able to support Tony Hsieh’s work and vision,” said Andrew Yang, Founder and President of Venture for America. “Our Fellows here in Las Vegas are able to get invaluable experience helping build businesses and create jobs.”

Downtown Project, announced last year, is a $350 million initiative to help reinvigorate and develop downtown Las Vegas into a thriving employment center and community. The budget includes $200 million for real estate development, $50 million for tech start-ups, $50 million for local businesses, and $50 million for education, music, and arts. Zappos.com is planning to relocate its 1,200+ Henderson employees to the old Las Vegas City Hall building in 2013.

“Venture for America is a natural partner for us,” said Tony Hsieh. “Their Fellows are already a valuable part of the community and we’re excited to put more to work.” Tony noted that he appreciated Venture for America’s emphasis on job creation. “We’re going to help create hundreds of new businesses and thousands of jobs here in downtown Las Vegas over the next five years.”

Venture for America Fellows are recent college graduates aspiring to be entrepreneurs who are chosen through a rigorous, multi-stage application and selection process. Hundreds of applications are received annually from students across the country.

“Since Venture for America’s launch last year, we’ve been operating in a number of cities and Las Vegas is among the very best,” said Andrew. “They’re doing great things here. We are looking forward to working with Downtown Project for years to come.”

About Downtown Project:
To learn more about Downtown Project, please visit:

http://downtownproject.com

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About Venture for America:

Venture for America is non-profit organization that sends top college graduates to support start-ups and emerging growth businesses in the cities that need them for 2 years with the goals of fostering job creation and training our best and brightest to become company founders and leaders. Venture for America seeks to create 100,000 jobs by 2025, and launched in Detroit, New Orleans, Providence, Cincinnati, and Las Vegas in 2012. The first class of Venture for America Fellows includes graduates from Harvard, Yale, MIT, Brown, Duke, Penn, Cornell, Northwestern, and other top schools. See vfa.dylanschuster.com/2012fellows for more information.

Press Contact:
Megan Hurlburt
megan@vfa.dylanschuster.com
(508) 265-3030

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