Mayor Adams, CUNY Chancellor Rodriguez announce nearly $12 M expansion of CUNY Inclusive Economy Initiative 

Friday, 24 May, 2024
Effort Builds on Mayor Adams’ “Spring Jobs Sprint” to advance opportunities for thousands of jobs over coming weeks. (Photo provided)

New York City Mayor Eric Adams and The City University of New York (CUNY) Chancellor Félix V. Matos Rodríguez on May 20, 2024, announced a nearly $12 million expansion towards the CUNY Inclusive Economy Initiative, which leverages CUNY campus resources to create college-to-career pipelines for CUNY students. To date, the initiative — which first launched in 2022 — has served over 3,100 students and worked with more than 2,000 industry partners, advancing the city’s goal to connect 80 percent of CUNY graduates with careers following graduation by 2030. The $11.8 million expansion — comprised of a $4.8 million investment in the Fiscal Year 2025 Executive Budget and $7 million from private partners, including Blackstone Charitable Foundation, Bank of New York Mellon Foundation, Centerbridge, Bloomberg LP, and Goldman Sachs — will bring industry engagement, career advising, internship, and full-time opportunities to an additional 1,200 students annually across over 20 new academic departments. As the city reaches a new private-sector jobs high, with the lowest unemployment since August 2022 and the lowest Black unemployment in half a decade, Mayor Adams has kicked off a “Spring Jobs Sprint” to advance opportunities for thousands of new jobs over the coming weeks.  

“Our city’s future depends on being able to help our young people to grow, fulfill their potential, and thrive in an ever-changing economy — and that means investing in the future of CUNY students,” said Mayor Adams.  “The CUNY Inclusive Economy Initiative is a critical component of CUNY’s mission to serve as an engine of upward mobility. By connecting students to careers in fast-growing industries like tech, health care, and green jobs, we’re working to build a truly sustainable economic model for New York City,” said CUNY Chancellor Matos Rodríguez.  “This significant public-private partnership expands on the initial work connecting students with jobs and advances the city’s goal to connect 80 percent of CUNY graduates with careers by 2030. This initiative is core to our priority of ensuring equitable access to education and career opportunities, and reaffirms that New York City can work for every New Yorker,” said First Deputy Mayor Sheena Wright.