CEOs from 27 of the largest employers in the New York area are launching the New York Jobs CEO Council to collaborate with educational institutions, community organisations and non-profits to hire skilled workers with a focus on low-income and Black, Latinx and Asian communities.

The Council's co-chairs include CEOs from JPMorgan Chase, EY, IBM, McKinsey & Company and Accenture. Other initial members of the organisation include: Amazon, BlackRock, BNY Mellon, Bloomberg, Bank of America, Microsoft, Google and Goldman Sachs.

New York has the largest gross domestic product (GDP) of any Metropolitan Statistical Area (MSA) in the US, however, not all of the area's residents are positioned to benefit from the city's economy as it recovers from the impacts of the COVID-19 crisis. Even before the crisis, which has had a disproportionate impact on low-income Black, Latinx and Asian communities, unemployment in the Bronx was 85 per cent higher than in Manhattan. At the same time, jobs in high demand have not been filled, with less than 400,000 unemployed workers but significantly more job openings in New York in 2018-2019.

By joining forces with local educational institutions, community organisations and non-profits, the New York Jobs CEO Council members will use their collective resources, capital and network to scale proven employer solutions, build on successful models and share best practices to maximise impact in creating pathways to stable careers for New Yorkers in low-income and diverse communities.

The New York Jobs CEO Council will seek opportunities to engage additional CEOs in order to broaden its membership and ensure that companies of all sizes are represented.

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