Walmart opens its checkbook again (there is no way this money is free):
Walmart Pledges $5 Million to SYEP
The Walmart Foundation has announced a $5 million pledge to support New York City’s Summer Youth Employment Program (SYEP). The contribution will expand the program, which has been cut almost in half over the past two years, by up to 3,400 jobs helping to offset governmental funding reductions. The Walmart donation was announced by Mayor Michael R. Bloomberg, Department of Youth and Community Development Commissioner Jeanne Mullgrav and Senior Director for the Walmart Foundation Michelle Gilliard.
“Walmart’s generous donation creates the most job slots the Summer Youth Employment Program has ever raised with private money,” said Mayor Bloomberg. ”This timely investment in our city’s youth comes at a moment when many young people are struggling to find employment and will give thousands the opportunity to take that critical first step toward their career goals.”
“A summer job prepares a young person for a working life,” said Commissioner Mullgrav. “In the short term, these jobs mean extra money for tuition, books and household expenses. But in the long term, this experience in the world of work is the first open door to a lasting career. I want to thank Walmart for investing in our young people and the future of our city.”
“For years, the Walmart Foundation has supported programs that strive to make a difference in the lives of New Yorkers,” said Senior Director for the Walmart Foundation Michelle Gilliard. “The City’s Summer Youth Employment Program is an initiative that’s obviously important to kids and families across the five boroughs, especially during these tough times. We’ve talked a lot about jobs and this donation was an opportunity to deliver during a time of real need.”
SYEP has shrunk dramatically in recent years due to cuts in government funding. Using only public dollars, the City have been able to provide about 24,000 summer youth jobs this year. With the Walmart Foundation’s commitment, and with donations from more than 30 other companies, the City has been able to increase the number of summer youth jobs to more than 28,000 jobs.
However, this year’s program – even with the help of private contributions – is significantly smaller than last year when 35,000 young people took part in the SYEP program and little more than half the size in 2009 when 52,000 young people were provided with summer jobs. This year, the Department of Youth and Community Development received 131,000 applications from residents in every corner of the City.
The Mayor was joined at the Brownsville Recreation Center in Brooklyn by Brooklyn Borough President Marty Markowitz, City Council Minority Leader James Oddo, Council Member Peter Koo and Council Member Eric Ulrich.
Source: New York Nonprofit Press
For better or worse, the change on Nostrand is going to make the change on Franklin look minor.