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Solution Series Explores Potential of the Intersection of Workforce and Economic Development

Puzzling Lack of Integration May Contribute To Economic Inequality

NEW YORK, March 20, 2014 /PRNewswire-USNewswire/ -- The following is being released by Fedcap:

WHO: Mark Elliott, President Economic Mobility Corporation

Jacqueline Mallon, Deputy Commissioner, Workforce Development New York City, Small Business Services

David Jason Fisher, Senior Fellow, Workforce Development Center for an Urban Future

Melanie Kirk Senior Vice President, Human Resources, FreshDirect

WHAT: The Solution Series, a project of Fedcap's Community Impact Institute, convenes high level dialogues that focus sharply on the barriers to economic independence and self-sufficiency.

Fedcap creates opportunities for people with barriers to move toward economic independence as valued and contributing members of society.

WHEN: Thursday, March 27, 2014, 8 – 9:30am 

WHERE: Mutual of America, 320 Park Avenue

WHY: Although economic and workforce development are the primary engines of community improvement and growth, they are not aligned.

One of the goals of economic development is to increase local employment. The deeper one delves the disconnect becomes clearer. The Panel will explore why the problem persists and discuss examples where intersection has been an economic "win-win".

Since 2008, NYC has gained 237,000 jobs. Low wage jobs have increased dramatically.  Five years ago 31% of New Yorkers earned less than $28,000 a year. During the same five years of significant economic development, the number has risen to 35%.

Last month in his preliminary budget address, Mayor DeBlasio promised to increase the number of middle class jobs through job training, education, and affordable housing.  The panel will discuss how an integrated economic and workforce development policy will contribute to the policy's success and stop the rise of income inequality.

CONTACT: Mary Daly, 917 710 7623

SOURCE Fedcap

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