With the announcement Friday of a $155 million investment in small businesses, including $5.5 million for workforce development programming, Mayor Bill de Blasio staked a foothold along a critical frontier in New York City s pandemic recovery: preparing workers for the changing economy.
The city s economy was devastated by the COVID-19 pandemic, with the unemployment rate jumping fivefold to a high of over 20% last June. In-person jobs have contracted significantly, especially in hospitality, nightlife, retail, and transportation, many of which were already in decline. At the same time, health and technology sectors have emerged from the pandemic ready for a boom. Nearly half a million city residents are unemployed and seeking new ventures in the molten industrial landscape.
~Nicole Spina, Senior Project Manager and Circular Economy Strategist, NYCEDC
WHAT IS THE CHALLENGE AND WHO IS INVOLVED?
PYXERA Global is partnering with NYCEDC, New York City’s primary entity for promoting and implementing economic development initiatives. Spanning industries and communities, NYCEDC’s projects have a common goal to build strong neighborhoods, create good-paying jobs, and ensure the city’s economy is dynamic, inclusive, and sustainable. NYCEDC also manages a variety of assets across the 5 boroughs. The solutions created through the Challenge will serve as a test case and will be lifted up by NYCEDC, PYXERA Global, and participating corporations for use in cities across the United States.
Daniel Zarrilli, former Chief Climate Policy Advisor to New York City Mayor Bill de Blasio, has been named a Special Advisor at Columbia University, where he will consult on all matters of institutional sustainability and climate action.Zarrilli will
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