Mayor De Blasio and The Rockefeller and Pinkerton Foundations Launch 'CareerLift'
Mayor Bill de Blasio and Gabrielle Fialkoff, Senior Advisor to the Mayor and Director of the Office of Strategic Partnerships, announced a $1.5 million new initiative, 'CareerLift,' driven by the NYC Center for Youth Employment (CYE). Spearheaded by an $850,000 grant from The Rockefeller Foundation, the pilot aims to grow targeted opportunities for formerly out-of-school and out-of-work young adults to help them stay employed and advance in their careers. Through this investment, CYE, a project of the Mayor's Fund to Advance NYC, and its non-profit partners JobsFirstNYC and Social Finance will support vulnerable youth by working with private-sector employers to help reduce employee turnover rates and improve productivity. This project will also evaluate the feasibility of a 'Pay for Success' model, in which employers assume the cost of job retention services only if proven successful - a first-of-its-kind funding model in the U.S. for employment retention services.
'Investing in the success of our emerging workforce is essential to a thriving local economy,' said Mayor de Blasio. 'CareerLift will help our young people succeed in the private sector. It's a win for them, it's a win for employers and it's a win for New York City.'
'This generous investment of $1.5 million, will open a pathway of possibilities for more young adults from some of the City's most vulnerable communities. These young New Yorkers are the future of our city, and with this program they will have the tools they need to be successful in the workplace, develop healthy professional relationships and secure networking opportunities,' said First Lady McCray, Chair of the Mayor's Fund...