This report describes innovative partnerships forged in recent years between U.S. businesses and public schools and between businesses and private, nonprofit employment and training programs for youth. Intended for businesses and youth service providers in school systems and private agencies, this report responds to questions from businesses about how other companies have gotten involved and suggests to education leaders how to formulate ideas and proposals to attract business investments. Part I is an introduction. Part II describes four corporate partnerships with the public schools: the Boston Compact, the Cleveland Initiative, the Compact Replication Project (an effort undertaken by the National Alliance for Business to replicate the Boston Compact in 12 cities), and the Partnership Project (Center for Human Resources at Brandeis University). Part III is organized around different categories of existing corporate/community-based organization (CBO) partnerships, with examples of successful arrangements described under each heading. Each program described is sponsored by a member of the National Youth Employment Coalition. The following categories are included: board of directors/advisory councils; mentors and advisors to clients; on-the-job training programs; and matching programs. Part IV discusses local and national sources for advice in forming a partnership and part V is a brief conclusion. An index provides names and addresses of program operators. (YLB)