REPORT FINDS CUNY ASAP PROGRAM PRODUCES $46 MILLION HIGHER PAYOFF FOR TAXPAYERS PER 1,000 STUDENTS THAN TRADITIONAL APPROACH The City University of New York Chancellor Matthew Goldstein and NYC Center for Economic Opportunity Executive Director Kristin Morse announced that an independent analysis of CUNY’s ASAP found that the program generates $46 million more in taxpayer benefits than a similar comparison group for every 1,000 students enrolled, while graduating students at a lower overall cost per participant. ASAP is designed to accelerate degree completion within three years at community colleges, and the report focused on the program’s return on investment to both taxpayers and students. To date, ASAP participants have completed their degrees faster, with 55% graduating after three years—significantly higher than average.” Read the report (in PDF) Read the press release
Mayor Bloomberg Announces Winners of Center for Economic Opportunity’s First Ever NYC Innovative Nonprofit Awards Mayor Michael R. Bloomberg, Deputy Mayor for Health and Human Services Linda I. Gibbs and Center for Economic Opportunity Executive Director Kristin Morse today announced the winners of the first ever NYC Innovative Nonprofit Awards, which support pioneering local nonprofits that exhibit creative approaches and exemplary program implementation. First place was awarded to Green City Force’s Clean Energy Corps, a program that propels young New York City Housing Authority residents toward employment or college by combining a national service model with job training. Second Place went to Center for Family Life in Sunset Park’s Cooperative Development Project, which organizes worker-run cooperatives to help immigrant residents launch and grow competitive small businesses. See the finalists (in PDF) Read the press release
Spotlight on Poverty and Opportunity Measuring Policy and Poverty: A New York City Perspective, By Mark Levitan Ph.D., CEO Director of Poverty Research. Read the entry
Mayor Bloomberg and Deputy Mayor Gibbs Announce Pilot Expansion of Earned Income Tax Credit as New Antipoverty Initiative Mayor Michael R. Bloomberg, Deputy Mayor for Health and Human Services Linda I. Gibbs, and Center for Economic Opportunity Executive Director Kristin Morse today announced a pilot program to expand the Earned Income Tax Credit for low-income single workers without dependent children, with the goal of increasing employment and earnings. The $11 million, four-year pilot will offer up to $2,000 for three years to participants earning $26,500 per year or less. Read the press release
Mayor Bloomberg, Deputy Mayor Gibbs and Center for Economic Opportunity Executive Director Morse Release New Data Showing New York City Poverty Rate Has Stabilized Following Recession Mayor Michael R. Bloomberg, Deputy Mayor for Health and Human Services Linda I. Gibbs, Center for Economic Opportunity Executive Director Kristin Morse and Director of Poverty Research Mark Levitan released data today showing that the poverty rate in New York City has stabilized in 2011 after mirroring the national trend of an annual increase since the 2008 financial crisis. Read the report (in PDF) Read the press release
On April 5, ‘Need to Know’ examined how New York City helps low-income families build savings during tax season. (Watch the video)
Connections: Best Practices in Serving Young Adults On March 19, CEO convened a panel discussion at Lincoln Center for the Performing Arts focusing on antipoverty programming for at-risk and disconnected young adults. The event also featured the release of a new issue brief, Connections: Best Practices in Serving Young Adults, highlighting the lessons learned from CEO’s six years of experience piloting and testing programs to reduce economic disparities for young New Yorkers. The brief highlights strategies for addressing key populations within CEO’s program portfolio. Download the brief (in PDF)
Recent Study Confirms CEO's Proven Track Record of Successful Innovation Throughout its existence, CEO has closely monitored and evaluated the effectiveness of its demonstration programs. As programs demonstrated results, CEO began to plan for the transitioning of these programs to the partner agencies that had been implementing the demonstrations, successfully transitioning five initiatives in July 2010: the City University of New York’s Accelerated Study in Associate Programs; the Office of Financial Empowerment of the NYC Department of Consumer Affairs; School-based Health Centers of the NYC Department of Health and Mental Hygiene; SBS Sector-Focused Career Centers; Advance at Work; and the Child Care Tax Credit. Read the report (in PDF)
Read the report (in PDF)
