Comcast, Navy Yard developer each pony up $1 million for business diversity efforts in Philadelphia

  • 📰 PhillyInquirer
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 68%

Business News News

Business Business Latest News,Business Business Headlines

Comcast and Navy Yard developer Ensemble/Mosaic each said they are putting $1 million into financial help for women and under-represented businesses in Philly. The announcement is among the latest efforts by local institutions on social equity issues.

In the future, the Ensemble/Mosaic TNY Empowerment Foundation also will help women and BIPOC businesses relocate to the Navy Yard with grants or loans and help diversify construction contractors and workers, the organization said.

Kate McNamara, senior vice president for the Navy Yard at the Philadelphia Industrial Development Corp., a public-private agency, said she was “incredibly excited” and could add 16 to 20 program participants in the worker-training program in the coming year with the new funds. The Navy Yard Skills Initiative was launched in 2020 and has graduated 53 participants, with 98% offered full-time jobs, McNamara said. The program works with specific employers.

Beginning on June 1, and through June 14, eligible businesses in Atlanta, Detroit, Pittsburgh, and the Twin Cities, in addition to Philadelphia, can apply for a $10,000 grant atThird-party panels will choose winners, Comcast spokeswoman Jennifer Bilotta said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 81. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Comcast, Navy Yard developer each pony up $1 million into business diversity efforts in PhiladelphiaComcast Corp. and Ensemble/Mosaic's diversity and equity efforts are the latest as institutions fund assistance for women and under-represented individuals and businesses in Philadelphia.
Source: PhillyDailyNews - 🏆 89. / 67 Read more »

Comcast, Navy Yard developer each pony up $1 million into business diversity efforts in PhiladelphiaComcast Corp. and Ensemble/Mosaic's diversity and equity efforts are the latest as institutions fund assistance for women and under-represented individuals and businesses in Philadelphia.
Source: PhillyDailyNews - 🏆 89. / 67 Read more »