Bloomberg Donates $30M Of His Own Money For Young Men's Initiative

Human InterestPoliticsGeorge SorosWPIXMichael Bloomberg

Mayor Michael Bloomberg is reaching into his own pockets to make sure young black and Latino men in the city have a better chance at success -- and he's not the only billionaire reaching deep. 

The Mayor is unveiling today a new 3-year plan to boost the chances of success of more than 300,000 young black and Latino men in New York, many struggling with lack of opportunities, lack of schooling and some going through the revolving door of the criminal justice system again and again.

By this fall, you'll see job recruitment centers in public housing complexes where many young black and Latino men live. Probation officers will be retrained in ways to help make sure the men dont keep making the same mistakes.  The city will also hold classes to make the men better fathers and assess schools on how well black and Latino men achieve. Those scores determine whether a school stays open. The city plans to also offer a combination of math and literacy classes in the morning that would be tied to paid internships in the afternoon.

 Some are calling this the most ambitious push of Bloomberg's 3rd term. Bloomberg is putting $30 million of his own money into the program. Billionaire financier George Soros is matching that generosity with his own $30 million donation. Those donations represent half of the funding. The other half will come from the city. 

Copyright © 2014, Los Angeles Times
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Human InterestPoliticsGeorge SorosWPIXMichael Bloomberg