(Above: EVP, Corporate Marketing and Communications Gary Ginsberg, right, with NYC First Lady Chirlane McCray, left.)

New York City's First Lady Chirlane McCray joined Time Warner Executive Vice President, Corporate Marketing and Communications Gary Ginsberg and other business leaders to announce a new strategic partnership aimed at creating career opportunities for the city's young adults.

The initiative—led by the Mayor's Fund to Advance New York City—leverages public-private partnerships with key city industries to create 500 paid internships that create unique work experiences and build a homegrown and diverse talent pool.

"As valuable as it is for the interns, let’s not understate how important this program is for companies like ours and to our City," said Ginsberg. "Having access to this pipeline of young talent is essential if New York is to remain the business capital of the world."


NYC First Lady Chirlane McCray announces the partnership.

While New York City's high school graduation rates continually improve, only about a third of graduates are considered college- or career-ready;  yet one out of three American companies has openings for which qualified candidates cannot be found, and only ten percent of companies report recruitment outcomes meeting diversity goals.

"This program gives hundreds of our most promising young people a head start—a real chance—at discovering their talents, of understanding the dynamics of the workplace, and learning how to navigate in the real world at a formative time in their lives," said Ginsberg of the partnership. "We’re proud to be founding partners in this great initiative, and the future it will help build for not only the lucky participants, but for our city."