National Emergency Grant (NEG) Training
Tuition grants for unemployed financial workers.
If you are an out-of-work financial professional living in New York, New Jersey, or Connecticut, you may qualify for a National Emergency Grant (NEG). BMCC is a New York State Eligible Training Provider Program for National Emergency Grants (NEGs). The Federal NEG program is designed to help the former employees of 31 financial service businesses who were dislocated as a result of the mass layoffs in 2008. Each individual displaced from their position after May 31, 2008 can qualify for a grant up to $12,500 worth of career training.
This grant is for training purposes as part of the State’s Eligible Training Provider Program. Only institutions registered with their State Board of Education can administer training.
This is a time sensitive program and National Emergency Grant funds will run out when they've been awarded. Certification must be completed by December, 2010.
Which employers were selected for this program?
Alliance Berstein LP Bank Hapoalim
Bank of America NA Bank of New York
Barclays Capital, Inc. Bear Stearns & Co. Inc.
Capital One National Assoc. Citibank NA
Citigroup Global Markets Commerce Bank
Countrywide Funding Corporation Credit Suisse Securities
Financial Guaranty Insurance Company UBS Securities
Goldman, Sachs & Company HSBC Bank USA National Assoc.
Indymac Bank JP Morgan Chase
JP Morgan Chase Bank NA JP Morgan Securities, Inc.
Lehman Brothers, Inc. McGraw Hill Company
Merrill Lynch, Pierce, Fenner & Smith Merrill Lynch
Morgan Stanley Radian Asset Assurance, Inc.
Teachers Insurance & Annuity Assoc. UBS Investment Bank
GE Capital Corporation/Citi Capital UniCredit Banca di Roma
Washington Mutual Bank
Who qualifies to receive this Grant?
Employees who worked for the above 31 companies which were dislocated after May 31, 2008
Individuals in need of training to advance their career.
You do not have to be unemployed to qualify for this training. For eligibility guidelines, please contact your employment counselor at your local NYS Department of Labor.
How do you receive this Grant
Visit the State Department of Labor http://www.labor.state.ny.us/careerservices/NEGERs.shtm
Contact your local, state employment office to obtain the necessary NEG paperwork