CMCSA Comcast Corporation Class A

Comcast Announces $4.5 Million Grant to Per Scholas, Advancing Economic Opportunity Through Digital Skill Building and Tech Training

Comcast Corporation today announced a new $4.5 million, three-year grant to , a leading national nonprofit advancing economic equity through tech training and career building. The investment will enable more than 10,000 diverse adults across 15 markets to launch new tech careers, empowering individuals from low-wealth communities to earn a collective $450 million in new wages alone. Notably, the funding will also support Per Scholas expansion to three new markets in need of skilled technologists for digital economies — allowing for even greater community impact.

This press release features multimedia. View the full release here:

Comcast Announces $4.5 Million Grant to Per Scholas, Advancing Economic Opportunity Through Digital Skill Building and Tech Training (Photo: Business Wire)

Comcast Announces $4.5 Million Grant to Per Scholas, Advancing Economic Opportunity Through Digital Skill Building and Tech Training (Photo: Business Wire)

“The key to closing the digital divide goes beyond just mere access to the Internet,” said Dalila Wilson-Scott​, EVP and Chief Diversity Officer for Comcast Corporation & President of the Comcast NBCUniversal Foundation. “With nearly of U.S. workers lacking the basic digital skills needed to function and compete in our increasingly digital job market, we need urgent focus on digital literacy and technical skilling — particularly in communities of color. By continuing our partnership with Per Scholas, we are helping to produce measurable outcomes that will create a more prepared and inclusive workforce and better ensure that no community is left behind.”

Since 2021, the Per Scholas-Comcast partnership has resulted in more than 2,500 trained learners across a dozen markets, empowering nearly 1,700 graduates to launch tech careers, generating more than $76 million in collective new earnings. Through this new three-year grant and market expansion, Per Scholas learners will graduate from the “10,000 Accessible Careers in Tech” program equipped with in-demand technical and professional skills that prepares them to succeed in technology careers, with in-house support to identify employment opportunities during and post-graduation. Per Scholas current training tracks include AWS re/Start, Cybersecurity, IT Support, Java Development, and Software Engineering.

“Comcast continually helps Per Scholas unlock potential, building a future of unlimited possibilities,” said Plinio Ayala, President and CEO of Per Scholas. “Our partnership is powerful — Comcast is investing in communities, ensuring digital skills are ubiquitous across America, and hiring Per Scholas-trained technologists. Because of Comcast’s support, we just celebrated our inaugural graduation in Indianapolis, and I’m looking forward to making impact together in cities and communities that could benefit most from Per Scholas’s nationally-recognized, proven tech skills training.”

The 15 markets where the Per Scholas-Comcast partnership is making a difference every day include Atlanta, Baltimore, Greater Boston, Chicago, Detroit, Indianapolis, Orlando, the National Capital Region, Newark, Philadelphia, Pittsburgh, Seattle, New York, and two new cities to be announced soon. The Per Scholas grant announcement is part of a comprehensive funding initiative specifically targeted at creating economic opportunity through digital skills building in 2023, and , Comcast’s $1 billion commitment to help advance digital equity and build a future of unlimited possibilities.

About Comcast Corporation

Comcast Corporation (Nasdaq: CMCSA) is a global media and technology company. From the connectivity and platforms we provide, to the content and experiences we create, our businesses reach hundreds of millions of customers, viewers, and guests worldwide. We deliver world-class broadband, wireless, and video through Xfinity, Comcast Business, and Sky; produce, distribute, and stream leading entertainment, sports, and news through brands including NBC, Telemundo, Universal, Peacock, and Sky; and bring incredible theme parks and attractions to life through Universal Destinations & Experiences.

About Per Scholas

For more than 25 years, Per Scholas has been advancing equity and increasing opportunity across America. Per Scholas unlocks potential for individuals, communities, and employers through rigorous training for careers in tech. Partnering with dynamic employer partners, from Fortune 500 companies to innovative startups, we are building sustainable and diverse talent pipelines, together changing the face of tech. With national remote training and campuses in 20+ cities and growing, Per Scholas offers tuition-free training in the most in-demand tech skills, including Cloud, Cybersecurity, Data Engineering, IT Support, Software Engineering, and more. To date, more than 20,000 individuals have gained the skills to launch high-growth tech careers, earning three times their pre-training wage. Diversity, equity, inclusion, and belonging is in our DNA: 85 percent of learners are people of color, two in five are women, and more than half have a high school diploma as their highest education credential. Learn more by visiting and follow us on , , , , and .

EN
22/06/2023

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Comcast Corporation Class A

Blair Levin
  • Blair Levin

The Cost of the Deal: What Does the Skydance/Paramount Situation Tell ...

Paramount is entering into mediation to resolve the litigation with President Trump and remove a barrier to FCC approval of the pending acquisition by Skydance. In this note we update our thoughts on what the deal’s process tells us about pending and future deals can expect from the government approval process.

Jonathan Chaplin
  • Jonathan Chaplin

CHTR and CMCSA: correcting price comparisons

This note corrects the pricing comparison we showed for Comcast and Charter last week. When we checked pricing on the Charter website, we were presented with an old Spectrum One offer, for some reason. In this note, we include a more complete comparison of pricing across both categories of offers available at both companies. The punchline: Charter’s rack rates have come down a lot.

Jonathan Chaplin
  • Jonathan Chaplin

Comcast Post-1Q25 Model Update

What’s new: In this note, we cover changes to our estimates, and comparisons with guidance and consensus. Please see separate notes reviewing results and thoughts following the earnings call. The most significant changes are higher broadband losses and lower EBITDA in 2025. We expect Consensus to increase broadband losses as well as lower EBITDA. No change to thesis. Price target is $38 (+15%).

Jonathan Chaplin
  • Jonathan Chaplin

CMCSA: Quick thoughts following the call 1Q25

What’s new: in this note we cover the source of the pressure Comcast is seeing on broadband growth (market vs competition), we cover the potential causes of slower market growth, we cover the causes of competitive pressures and the impact of recent pricing changes, and we touch on implications for ARPU and EBITDA growth.

Jonathan Chaplin
  • Jonathan Chaplin

CMCSA 1Q25 Quick Take

What’s new: Revenue in-line. EBITDA beat expectations handily, due mostly to better results in C&E. C&P revenue and EBITDA was in-line, with weak subscriber trends and slightly better than expected ARPU.

ResearchPool Subscriptions

Get the most out of your insights

Get in touch