Our New York Footprint
Our impact in New York starts with direct engagement in local communities.
BNY Mellon in 2020 made a $10 million commitment to the City University of New York to support workforce training programs in traditionally underrepresented minority groups and communities hardest hit by the recent economic downturn. Funding will underwrite the launch of the NYC Future of Work Initiative that will provide education and training in high-demand jobs with both short- and long-term growth opportunities to more than 40,000 New Yorkers; and expansion of the BNY Mellon Transfer Scholarship Program, which will support 900 associate degree earners who have transferred to a CUNY senior college to pursue their bachelor’s degree. Read More
Goldman Sachs’ Urban Investment Group committed $4 billion to neighborhoods in NYC, including Jamaica Queens, for the development of affordable housing for low-to-moderate income households. The construction of over 1,000 units at the Crossing at Jamaica Station and Alvista Towers in Jamaica Queens was made possible through investments from Goldman Sachs in partnership with the New York City Housing Development Corp.
Bank of America and Cornell University are expanding their online training program, which the Ivy League school has offered for free to thousands of would-be entrepreneurs, most of whom are women of color. The Bank of America Institute for Women’s Entrepreneurship at Cornell will add another 30,000 participants over three years as part of the bank’s $1 billion commitment to advance racial and economic equality. Read More