The New York Times Company Announces Its Neediest Summer Jobs Program.Business EditorsNEW YORK--(BUSINESS WIRE)--June 2, 2003 The New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Times Company announced today that its New York Times Neediest Cases Fund launched an emergency program to establish 1,000 summer jobs for low-income teenagers in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. . The Neediest Summer Jobs Program, which responds to severe cuts in government-funded jobs, will begin June 30. The jobs will be created by the seven social service agencies that receive funds from the annual Neediest Cases campaign. The Neediest Summer Jobs Program will be administered by The After-School Corporation (TASC TASC The After School Corporation TASC The American Surrogacy Center TASC Treatment Accountability for Safer Communities TASC The Analytic Sciences Corporation TASC Transportation Administrative Service Center TASC Total Administrative Services Corporation ), which works with many of these agencies in communities in all five boroughs. The young employees typically will work in day camps, summer schools and programs for at-risk children. The jobs will be funded by a $1.4 million contribution from the Neediest endowment A transfer, generally as a gift, of money or property to an institution for a particular purpose. The bestowal of money as a permanent fund, the income of which is to be used for the benefit of a charity, college, or other institution. . The Fund's policy for the unrestricted funds in the endowment is counter-cyclical, authorizing spending principal in times of economic stress. "These jobs offer a double benefit," said Michael Golden Michael Golden is an American comic-book artist and editor, and commercial artist best known for his late-1970s work on Marvel Comics' Micronauts. Golden drew a number of Marvel series throughout the 1970s and 1980s, including Doctor Strange, , chairman of the Neediest Fund board and vice chairman of The New York Times Company. "The young workers' earnings will enable them to help their families, and their work will help other needy need·y adj. need·i·er, need·i·est 1. Being in need; impoverished. See Synonyms at poor. 2. Wanting or needing affection, attention, or reassurance, especially to an excessive degree. families. At this moment, with summer upon us and in a difficult economic climate, this is a timely way to assist the neediest New Yorkers." The New York Times Neediest Cases Fund invites individual and corporate donors to join in the new program. They may do so either with cash contributions to finance additional jobs or by creating blocks of paid summer jobs. The seven Neediest Cases agencies are prepared to create many more jobs and TASC is prepared to oversee them all. In 2001 government funds supported 50,000 summer jobs in New York City. Last summer there were 35,000. To date the state and city have agreed to still fewer summer jobs. The Neediest Summer Jobs program is designed along the lines of youth employment in past summers. Young employees age 14 to 18 will work at the minimum wage, six hours a day, four days a week, for seven weeks. Each job costs about $1,300 and pays for the young employees' salaries, supervision and training to be provided by TASC. Companies interested in participating in the Neediest Summer Job Program may call or write Mary Bleiberg, vice-president for policy and planning, TASC, 212-547-6923, mbleiberg@tascorp.org, 925 Ninth Avenue, New York, NY 10019. Cash contributions should be made payable to the Neediest Summer Jobs Program and sent to that address. The seven Neediest Cases agencies are: BROOKLYN BUREAU OF COMMUNITY SERVICE 285 Schermerhorn Street Brooklyn, NY 11217 CATHOLIC CHARITIES OF THE ARCHDIOCESE OF NEW YORK 1011 First Avenue New York, NY 10022 CATHOLIC CHARITIES, DIOCESE OF BROOKLYN AND QUEENS 191 Joralemon Street Brooklyn, NY 11201 CHILDREN'S AID SOCIETY 105 East 22nd Street New York, NY 10010 COMMUNITY SERVICE SOCIETY OF NEW YORK 105 East 22nd Street New York, NY 10010 FEDERATION OF PROTESTANT WELFARE AGENCIES, INC. 281 Park Avenue South New York, NY 10010 UJA-FEDERATION OF NEW YORK 130 East 59th Street New York, NY 10022 The New York Times Company (NYSE NYSE See: New York Stock Exchange : NYT NYT New York Times NYT National Youth Theatre (UK) NYT New York Transit (New York, USA) NYT New York Tribune ), a leading media company with 2002 revenues of $3.1 billion, includes The New York Times, The New York Times, The Morning daily newspaper, long the U.S. newspaper of record. From its establishment in 1851 it has aimed to avoid sensationalism and to appeal to cultured, intellectual readers. International Herald Tribune International Herald Tribune Daily newspaper published in Paris. It has long been the staple source of English-language news for American expatriates, tourists, and businesspeople in Europe. , The Boston Globe, 16 other newspapers, eight network-affiliated television stations, two New York City radio stations and more than 40 Web sites, including NYTimes.com and Boston.com. The Company was ranked No. 1 in the publishing industry in Fortune's most recent list of America's Most Admired Companies A yearly publication by Fortune Magazine, America's Most Admired Companies consists of corporations that are highly esteemed by the likes of Business Executives, Directors, and Analysts. A survey is taken of close to 3300 professionals who give their opinions on the companies. and was ranked No. 1 in quality of products/services and No. 1 in social responsibility among all 530 companies on the list. In 2003 the Company was named by Fortune as one of the 100 Best Companies to Work for. The Company's core purpose is to enhance society by creating, collecting and distributing high-quality news, information and entertainment. This press release can be downloaded from www.nytco.com |
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