Young Entrepreneurship & Innovation.
25% of young New Yorkers aged 30 and under cannot find or create sustainable employment, and have little or no access to start-up capital. And of these, 163,000 are “disconnected youth [that] contribute to fiscal and social costs like a smaller tax base, weaker communities and public benefit expenditures,” according to a recent City Limits report. Juxtaposed that to 40% of young adults that would like to launch start-ups, according to the Kaufmann Foundation, a leader in entrepreneurial research. Yet a study by NYC Comptroller Scott Stringer found that only 24% of Latinos and 29% of blacks, compared to 54% of whites work in “creative economies” start-ups.
As such, there is a citywide push and emerging environment for the development of arts and technology based enterprises. Mayor de Blasio, for instance, has put forth a $10 million multi-year S.T.E.A.M (Science, Technology, Engineering, Arts, and Mathematics) investment plan to support and encourage students and young adults into these industries. The Mayor’s “NYC Technology Talent Pipeline” expects to create 4,500 new jobs directly for the young cohort.
Since 2011, the Young Movement Green Space for Young Innovation and Entrepreneurship Project (Young Green Space Project), through multiple iterations, has to date served over 500 young adults launch or venture into the nascent 21st Century modern workforce through workshops, trainings, career fairs, panels, conferences, demonstrations, and social media drives.
The flagship “Young Green Space Project” of Young Movement, initially known as the Financial Education, Employment and Leadership Program (FEEL), is a seven-week, hands-on, and interactive program launched in 2011 to 25 Brooklyn College students. It gave them the technical and leadership tools to venture into sustainable careers and social businesses in the STEAM sectors.
Most recently, in early 2016, Young Movement, Inc. obtained a grant from the Brooklyn Community Foundation to train 10 young entrepreneurs – using the Yale Entrepreneurship Institute Model – from the low-income neighborhood of Weeksville in Crown Heights, Brooklyn. This multi-faceted and proactive model approach abates gang violence, incarceration, and recidivism and, importantly, generates local economic development. Hence, two of the fellows from the Weeksville Entrepreneurship Project are in the “Angel” funding stages of bringing their innovation to market.
In 2020, Young Movement, Inc. will expand and make permanent its (Science, Technology, Engineering, Arts, and Mathematics) STEAM-based workforce development, innovation, and entrepreneurship project in Weeksville, Crown Heights, where one in three young adults are disconnected from the modern workforce.
Afro Punk Festival, Young People of the Republic of Brooklyn, 2016. #WhatDoYouWannaChange