Wal-Mart makes big donation to New York City summer jobs program

New York City -- Wal-Mart Stores will donate as much as $5 million to New York City’s cash-strapped Summer Youth Employment Program, Crain’s New York Business reported. The donation will reportedly save 3,400 jobs.



“We've talked a lot about creating jobs here and given our track record of local giving in the city thought this was timely opportunity to help move the needle on a program that's critical to kids and families across the five boroughs,” said a Walmart spokesman, according to the report. He would not confirm the exact amount of the donation.



According to Crain’s, the Wal-Mart donation far exceeds initial private donations received by a fundraising drive for the program launched last month by Mayor Michael Bloomberg to help contend with cuts in federal and state funding.