NYC resources for city residents in need (photo: Ed Reed/Mayor’s Office)
As the economic recovery from the covid pandemic continues to change the job market, experts are looking across the Hudson at a new model to get New York City’s workforce ready for the leading sectors of the future.
In June, New Jersey launched Pay It Forward, a bond initiative to fund workforce training programs for good-paying jobs in growing industries as part of an effort to address the lack of short-term education options for low-income residents. Economists and skills-training providers are urging Mayor-elect Eric Adams and the incoming City Council set to take office in January to explore a similar model in New York to raise badly-needed revenue, fill growing skills gaps, and create a more cohesive workforce development landscape.
A new report from Center for an Urban Future (CUF), explores how a bond program in New York City, if done carefully, can…