Memorandum of understanding to be signed on May 16 at Hudson County Community College, with classes beginning in January 2020.
New York, NY – May 10, 2019 – Continuing to expand its proven workforce development program, the nonprofit Year Up New York | New Jersey announced that it will sign a memorandum of understanding (MOU) today with Hudson County Community College (HCCC) to launch a new Year Up site at the college, with the first class of students starting in January 2020.
The signing will take place at 10 a.m. on May 16, 2019, at HCCC. Dr. Chris Reber, President of HCCC, and John Galante, Executive Director of Year Up New York | New Jersey, will sign the MOU.
“In partnership with Hudson Community College, Year Up will continue its work closing the opportunity divide in Northern New Jersey, providing hundreds of young adults with the opportunity to enter careers in business or technology and work towards their associate’s degrees,” said Galante. “Starting with our first class in January 2020, our goal is to serve 250 young adults at HCCC by 2022.”
“Hudson County Community College is committed to building strong relationships that benefit our students. We are dedicated to educating and empowering our students — and all Hudson County residents and businesses — by providing the education, information, resources, and support that will assist them in achieving long-lasting success,” said HCCC President Dr. Chris Reber. “This partnership with Year Up New York | New Jersey will provide 40 HCCC students with corporate internships in business administration, cybersecurity, and other related disciplines, and that number is expected to grow over time.”
Year Up is free for participants and includes a weekly financial stipend. Students at the HCCC site will be co-enrolled in Year Up and the college, and will earn college credits throughout the year. They will spend the first semester learning technical and professional skills, followed by a semester-long internship at a company like Bank of America, JPMorgan Chase and BNY Mellon.
Currently, Year Up New York | New Jersey provides job training to talented and motivated youth, ages 18-24, without college degrees at campuses in downtown New York (Wall Street) and at Borough of Manhattan Community College (BMCC). Last year, a federally-sponsored Pathways for Advancing Careers and Education (PACE) evaluation of Year Up showed a 53% increase in initial earnings for young adults randomly assigned to Year Up compared with similar young adults in a control group — the largest impacts on earnings reported to date for a workforce program tested in a randomized controlled trial.
Since 2006, Year Up New York | New Jersey has provided more than 3,040 young adults with in-demand skills, creating a pipeline of diverse, motivated talent for more than 50 of the city’s leading businesses in areas such as Accounting, Business Operations, Cyber Security, Investment Operations, IT, Client Services and Anti-Money Laundering/Fraud Compliance. Year Up New York | New Jersey now serves more than 450 young adults each year, with 90 percent of graduates employed or attending college full-time within four months of completing the program, earning average starting salaries of $40,000/year. Learn more about Year Up New York| New Jersey by visiting us on Facebook and Twitter.