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New York City’s Historic $1.2 Billion Community Hiring Program Seeks to Empower Underserved Communities – Must Know!

New York City’s new “community hiring program” initiative, using over $1.2 billion in city contracts, aims to create jobs for low-income residents by requiring companies to hire from these communities, potentially generating 36,000 jobs annually once fully implemented.

New York City’s $1.2 Billion Hiring Program Initiative Aims to Boost Jobs for Low-Income Residents

According to PIX 11, New York City is launching a new plan to help people with lower incomes find good jobs. Mayor Eric Adams announced the city’s first “community hiring program” initiative. This hiring program will use more than $1.2 billion in city contracts to create job opportunities for low-income residents.

Under the initiative, companies that get contracts with the city must hire a certain number of low-income New Yorkers and people who live in NYCHA housing. For example, an estimated $1.2 billion in contracts for security guards and fire safety workers will aim to have 40% of the work hours done by NYCHA residents or people from areas where many live below the federal poverty line.

READ ALSO: 95% Windfall Profits Tax: Ending Corporate Greed Act Targets $300B Impact – Sanders & Bowman Lead Charge

New York City’s Historic $1.2 Billion Community Hiring Program Seeks to Empower Underserved Communities – Must Know! (PHOTO: NYC.gov)

Mayor Adams Aims to Expand Economic Opportunities with NYC’s Community Hiring Program Initiative

Mayor Adams expressed that the hiring program initiative aims to bring well-compensated employment opportunities to historically neglected neighborhoods. The objective is to foster a more robust economy that provides equal chances for all residents throughout the city. Through the Office of Community Hiring, contractors will be supported in providing job opportunities and apprenticeships to individuals with limited incomes. Upon full implementation, city officials anticipate that this initiative could generate approximately 36,000 jobs annually for low-income community members.

READ ALSO: 51% Of Americans Favor Forgetting Medical Debt Over Student Loans, Survey Reveals; $1.7 Trillion Student Loan Burden Looms Large!

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