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With the announcement Friday of a $155 million investment in small businesses, including $5.5 million for workforce development programming, Mayor Bill de Blasio staked a foothold along a critical frontier in New York City s pandemic recovery: preparing workers for the changing economy. The city s economy was devastated by the COVID-19 pandemic, with the unemployment rate jumping fivefold to a high of over 20% last June. In-person jobs have contracted significantly, especially in hospitality, nightlife, retail, and transportation, many of which were already in decline. At the same time, health and technology sectors have emerged from the pandemic ready for a boom. Nearly half a million city residents are unemployed and seeking new ventures in the molten industrial landscape.

New yorkUnited statesShaun donovanJose ortiz jrDianne moralesJames parrottEric adamsKathryn garciaJonnel dorisEthan geringer samethMaya wileyYork city affairsPartnership for new york cityCity councilRegional plan associationPeterson foundation