Establishes the Good Jobs Guarantee Program to provide workforce training and employment opportunities for low-income New Yorkers.

The Good Jobs Guarantee Act establishes a program within the Empire State Development Corporation to facilitate workforce training for low-income New Yorkers through a public-private partnership. The program aims to provide training and secure high-paying jobs for eligible participants. Participants will not be charged tuition or upfront costs, and will only incur payment obligations if they secure employment at high, family-sustaining wages. The program administrator will raise capital from private, public, and philanthropic investors, using a guarantor fund as a credit enhancement.

Establishes the Good Jobs Guarantee Program to provide workforce training and employment opportunities for low-income New Yorkers.

The Good Jobs Guarantee Act establishes a program within the Empire State Development Corporation to facilitate workforce training for low-income New Yorkers through a public-private partnership. The program aims to provide training and secure high-paying jobs for eligible participants. Participants will not be charged tuition or upfront costs, and will only incur payment obligations if they secure employment at high, family-sustaining wages. The program administrator will raise capital from private, public, and philanthropic investors, using a guarantor fund as a credit enhancement.