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.
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