« Ratner buys friends | Main | Wealthy White Masters, Cont'd »

June 9, 2006

Yassky sponsors $3M funding proposal for BUILD

At last night's Community Board 8 (CB8) meeting, Boardmember and Brooklyn United for Innovative Local Development Chief Operating Officer Marie Louis spoke about a proposal BUILD submitted to the New York City Council for funding for activities planned under the Community Benefits Agreement (CBA) BUILD signed with Atlantic Yards developer Forest City Ratner Companies (FCRC).

Louis indicated that under the terms of the CBA, BUILD and FCRC share responsibility for funding job training and small business development programs. Therefore, they have submitted a 'priorities request' to the City Council in the amount of three million dollars to fund a pre-apprenticeship program, a first source hiring program, an MBA intern initiative, and a technical assistance service for small businesses. The request is being sponsored by City Councilmember David Yassky.

Louis circulated copies of the request (2.1MB PDF), and asked the audience members to call City Council Speaker Christine Quinn's office to ask for her support of this appropriation.

An audience member asked Louis if FCRC was contributing any money toward these initiatives. Louis said that FCRC had contributed funds, but declined to specify the amount. She did not explain why the benefits programs specified in the CBA required public subsidies.

Posted by lumi at June 9, 2006 5:51 PM