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Deals & Dealmakers

City urges real estate industry to back intern drive

Mayor Bill de Blasio and Gabrielle Fialkoff, Senior Advisor and Director of the Mayor’s Office of Strategic Partnerships, have unveiled a campaign calling on New York City’s employers to hire interns this summer.

The campaign – back by the Real Estate Board of New York – is designed to expand the Ladders for Leaders program, and serves as a call to action for employers across the city to hire local homegrown talent.

Ladders for Leaders, part of the city’s Department of Youth and Community Development Summer Youth Employment Program, is a competitive summer internship program that connects businesses of all sizes to local, high-achieving high school and college students.

Since 2014, the program has grown from 475 to 1,538 interns, and from 92 to 475 participating employers. Thirty-four percent of last summer’s interns received full-time job offers.

Two interns working together assisted by their course supervisorThe Ladders for Leaders campaign is targeted to companies of all sizes in every borough to either hire students in paid, specialized summer internships or underwrite positions at other organizations.

Ladders interns are comprised of NYC’s best and brightest students who have at least a 3.0 grade point average and prior work experience. Candidates are selected after a rigorous application process, receive 30 hours of pre-employment training and are guaranteed a minimum of 25 hours of work each week throughout the summer.

Growth in Ladders for Leaders was driven by The Center for Youth Employment (CYE), which was launched in May 2015 by Mayor de Blasio, to expand, improve and coordinate publicly funded programs that help prepare New York City’s young adults for steady work and career success.

In spring 2016, the Center for Youth Employment launched “Industry Partnerships ” targeting businesses in five sectors: Fashion and Retail; Real Estate; Media; Hospitality and Tourism, and Business and Professional Services.

Industry Partnerships are designed to bring together the public and private sectors to create meaningful pipelines into NYC’s growing industries by offering both workplace exposure, experience and training for our young adults.

In 2016, paid interns were supported in part by founding partners of the Industry Fund, including: Time Warner, Hearst, Discovery Communications, Pearson, CBS Corporation, Citi Foundation, JPMorgan Chase, Deloitte, RBC Capital Markets, Guardian, the Real Estate Board of New York (REBNY), the Council of Fashion Designers of America (CFDA), NYC & Company Foundation, the New York City Economic Development Corporation (NYCEDC) and the Mayor’s Office of Media and Entertainment (MOME).
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