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Fordham University awarded $3M to build a workforce development and entrepreneurship hub
The New York City Economic Development Corporation (NYCEDC) recently announced that it is awarding Fordham University $3 million from its Greenlight Innovation Fund. The university will also receive additional funds, including a $1.1 million grant from Councilman Oswald Feliz, to create the Bronx Green Job Center (BGJC), a workforce development and entrepreneurship hub that aims to create an equitable green-job pipeline in the Bronx. BGJC’s programs and services are expected to support workforce development initiatives in the green economy. Its workforce development programs are set to launch in the Fall of 2026.
The Greenlight Innovation Fund grants money to programs for the development of facilities in New York City that support the green economy, life sciences, and advanced technology (collectively, the “Innovation Industries”). According to the announcement, the Greenlight Innovation Fund “supports projects which generate good-paying jobs, support commercialization of technologies in future-focused sectors, and catalyze an ecosystem of entrepreneurs with a focus on equity.” NYCEDC has an initial allocation of up to $50 million of City Capital dollars for the fund and intends to make multiple awards of at least $3 million per project.
The Greenlight Innovation Fund advances New York City’s Green Economy Action Plan, which was jointly developed by NYCEDC and the Mayor’s Office of Talent and Workforce Development. The plan “aims to supercharge the economy, spark cutting-edge innovation, and support nearly 400,000 jobs by 2040.”