NYCEDC is offering a cash prize for you to come up with a revolutionary program and/or business that will help foster upward income mobility for low-income and/or low-skill and middle-skill workers. The NYC Business Innovation Challenge invites you to create a plan that will give businesses a path to improving their skill bases, access to benefits, career prospects or economic opportunities.
Selected by a panel of expert judges from a range of industries and organization sizes, entrants with the most innovative plans will win a $25,000 cash prize for implementation. In addition, they’ll win workforce consulting from award-winning consultancy Next Street to assist with the implementation and ensure that the plans are scalable and sustainable over time. The best of these plans will be named Grand Prize Winners and receive an additional $100,000 cash prize as well as recognition from New York City as top workforce innovators.