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Per Scholas Opens Institute In Bronx

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Per Scholas website screenshot.

As part of its mission to help disadvantaged communities during these tough economic times, Per Scholas, the organization that provides economic opportunities through education and technology, will officially open its new Institute for Technology in the Port Morris section of the Bronx on October 22 during a ribbon-cutting ceremony at 8 a.m.

The new 16,000-square-foot facility, located at 804 E.138th Street, will help Per Scholas train 500 people in technology field careers within a year and serve as the organization’s national administrative headquarters as it looks to expand to three cities in the next three years. Per Scholas has begun individual discussions with community leaders in Baltimore, Cleveland and Philadelphia.

“To compete in today’s job market, you must be a skilled, specialized worker,” said Per Scholas President and CEO Plinio Ayala. “Our workforce development program provides disadvantaged adults with the specific skills they need to excel in the IT industry, and with this new state-of-the-art facility, we now have the capacity to train more people than ever before.”

The two-hour ribbon cutting ceremony will be hosted by Ayala and will include guest speaker Pedro Espada Jr, New York State Senate Majority Leader, followed by a tour of the new Per Scholas Institute of Technology’s computer labs, library, life skills classrooms, and staff offices.

The Per Scholas Institute for Technology was formerly located in the Hunts Point section of the Bronx. Due to increasing rent costs, program demand and growth, Per Scholas decided to relocate to its new Port Morris facility, which was supported with a capital campaign drive by corporate and institutional funders.

About Per Scholas

Per Scholas is an environmentally-responsible nonprofit organization committed to breaking the cycle of poverty by providing education, technology and economic opportunities to under-served communities. The organization’s programs have been praised as remarkable and innovative by business leaders, politicians, The New York Times and The Washington Post.

Since its 1995 inception, Per Scholas has distributed over 72,000 free and inexpensive computers to low-income families and has trained more than 2,400 disadvantaged adults in technology field careers, with over 80 percent of graduates successfully finding permanent jobs. A recent independent study by Public/Private Ventures (P/PV) found that Per Scholas graduates earned significantly higher wages and retained jobs longer than other job seekers who chose different employment programs.

Their website could be viewed here.

 

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Peter Treadway, PhD

Dr. Peter T. Treadway is an independent consultant and money manager and Adjunct Professor in Asia. He is currently is principal of Historical Analytics, LLC. Historical Analytics is a consulting/investment management firm dedicated to global portfolio management. Its investment approach is based on Dr. Treadway’s combined top-down and bottom-up Wall Street experience as economist, strategist and securities analyst. A monthly letter entitled The Dismal Optimist is produced for clients. Dr. Treadway also serves in a part time capacity as Chief Economist, C T RISKS, a new Hong Kong company that will assist Asian financial institutions with their risk management problems. On the educational front, Dr. Treadway has developed a special Masters level course focusing on securities analysis and discounted cash flow and incorporating elements of standard equilibrium pricing models, behavioral finance and historical trends. This course has been given as Adjunct Professor at the Shanghai University of Finance and Economics (SUFE) and the City University of Hong Kong. From 1965-2000 Dr. Treadway had a distinguished career on Wall Street and with major American financial institutions. For example, from 1978-1981 he served as Chief Economist at Fannie Mae. From 1985-1998 he served as institutional equity analyst and Managing Director at Smith Barney following savings and loans and government sponsored entities(GSEs). He was ranked as “all star” analyst eleven times by Institutional Investor Magazine. Dr. Treadway holds a PhD in economics from the University of North Carolina at Chapel Hill, an MBA from New York University and a BA in English from Fordham University in Bronx, New York.