As the city gets ready to celebrate Juneteenth, Mayor Bill de Blasio said the day marks the end of slavery but not the end of systemic racism in America.
He wants the city to honor the day with action and structural change through the introduction of the Juneteenth Economic Justice Plan.
The plan would include universal baby bonds that will set up a city scholarship account for every public school kid for the next school year.
The plan would also have a CUNY scholarship fund that would provide 2,800 four-year scholarships for Black and low-income students.
It would also include a Brooklyn Recovery Corps at Medgar Evers College, which would give over 200 students paid internships and work experience.
"The focus of this plan is building generational wealth. The Juneteenth Economic Justice Plan is about addressing the core issues that particularly came up in the last year and needed to come up," de Blasio said.