09/19/2012 05:38 pm ET

Rockefeller Foundation Pledges 1 Million Dollars For Best Job Creation Idea (VIDEO)

To help cultivate innovative solutions to unemployment, the Rockefeller Foundation is hosting a million-dollar competition for the best job creation idea.

Rockefeller Foundation president Judith Rodin discussed the Foundation's competition and the importance of getting the economy back on track in an interview with the Huffington Post following the Opportunity: What Is Working jobs panel at the Democratic National Convention.

The competition, which focuses on ideas that particularly benefit unemployed youth, is just one of the promises HuffPost's partners have made to reduce unemployment.

"We think that Americans really have extraordinary, innovative ideas and many of them are implementing them, but we never put in the resources to see them scale," Rodin said. "So this is a million-dollar prize competition for the most innovative and the most sustainable opportunity for creating jobs."

The lofty sum represents how critical the jobs crisis is in the eyes of the Foundation.

"The Rockefeller foundation has been in existence for 100 years and it always has focused on the big problems of the time" Rodin said. "There's no bigger problem at home than the economy and jobs."



"What is Working" Promises