The Power of Prosperity is a new partnership between Entergy Arkansas and Historically Black Colleges and Universities to assist with scholarship offerings and provide more support in career development programs.
Exclusively for technology majors, the Power Your Future Scholarship will be the first program to launch, by way of Entergy’s 10-year, $20 million commitment.
Students who are selected will be on the receiving end of a $5,000 award with a total of 20 scholarships that were set up by Entergy shareholder funding.
Entergy’s commitment to HBCUs in this initiative spans throughout the company’s service area in Arkansas, Louisiana, Mississippi, and Texas.
“Entergy Arkansas is proud to support the Power Your Future Scholarships as part of our ongoing commitment to the students and institutions shaping Arkansas’s future,” said Ventrell Thompson, vice president of customer service.
“By investing in HBCUs and the talented individuals they serve, we’re hoping to introduce more students to opportunities in the energy sector, strengthen our communities, and continue building an inclusive and innovative energy workforce in Arkansas.”
In The Natural State, those who are enrolled and classified as sophomore, junior, or senior must have an applicable technology major at the University of Arkansas at Pine Bluff or Philander Smith College.
Arkansans who are in school to earn a four-year technology degree at an accepted HBCU in Entergy Arkansas’s area of operation in Louisiana, Mississippi, or Texas are eligible to apply, according to a release.
Scholarship America will oversee the Power Your Future Scholarship.
“As the oldest HBCU in Arkansas, UAPB is thrilled to continue and broaden our partnership with Entergy through its Power of Prosperity program and the Power Your Future Scholarship program,” said Dr. Andrea Stewart, interim chancellor at the University of Arkansas at Pine Bluff.
“We commend Entergy’s direction, vision, and long-term commitment to HBCUs and the communities we both serve, and we look forward to the bright future these opportunities will bring to our students.”
Entergy aims to make sure students have proper tools and insight to forge a path to embark on a path of financial literacy to build a greater capacity for generational wealth.
In a span of a decade, the company will be involved in a set list of actions in an effort to help students get in optimal financial position for a brighter tomorrow.
Those actions include:
- An annual competitive grant program to fund facility improvements, research endeavors, and endowments at HBCUs in the Entergy service area, aimed at addressing inequalities and enhancing the long-term viability of these institutions.
- Offering pathways to employment at Entergy for top-performing HBCU students through workforce development initiatives, including 10 annual internships, targeted college recruitment events, strategic partnerships with university administration and faculty, and more.
- Access to Single Stop, a national nonprofit that provides support in areas such as finance, food, education, healthcare, childcare, tax help, utility payments and more through their “one-stop shop” program.
- Access to financial literacy education and coaching through Entergy’s partnership with Stackwell Capital, a digital investment platform designed to help close the racial wealth gap by empowering more people in the Black community to use the power of the stock market to grow their wealth.
To gain more insight about the Power Your Future Scholarship, application details and eligibility requirements, click here.
