Gotham Gazette

The Place for New York Policy and politics

 

Economic Development

Economic Development

  • marisa lago city breakfast2

    City Planning Director Marisa Lago (photo: May Vutrapongvatana)


    In a Friday morning speech about how New York City’s limited space is used, Marisa Lago, director of the Department of City Planning, discussed some of the department’s approaches to the housing, employment, and equity challenges facing the city.

    The city has a population of 8.4 million and is “the only older U.S. city that has surpassed its 1970s-era population peak,” said Lago, who was appointed by Mayor Bill de Blasio to direct the Department of City Planning and chair the City

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  • mbdb ferry

    Alicia Glen cristens a ferry (photo: Ed Reed/Mayor's Office)


    This is part two of a two-part series on former Deputy Mayor for Housing and Economic Development Alicia Glen's impact on the "built environment" of New York City. Jump to part one here.

    Part one of this series focused on Glen's style and leadership broadly, as well as her legacy on housing, including the de

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  • Alicia Glen

    Alicia Glen (photo: Paige Polk/Mayor's Office)


    This is part one of a two-part series on former Deputy Mayor Alicia Glen's impact on the "built environment" of New York City. Find part two -- on economic development, transit, and more -- here.

    It’s the year 2026 in New York City. Hundreds of thousands of new units of rent-restricted apartments have been added to the city’s housing stock as the

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  • childrens museum cojo

    Speaker Johnson, the author, at a construction site (photo: John McCarten/City Council)


    Opportunity Zones, which were part of the 2017 federal tax package, have the potential to improve low-income communities. But the way they are currently structured, they will only benefit neighborhoods already in the midst of building booms and gentrification.

    Here is how they are supposed to work: Investors get tax breaks if they invest in businesses and property development in low-income communities. In New York City, investors are eligible to save

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  • may first richard buery deputy

    (photo: Michael Appleton/Mayoral Photography Office)


    In recent years, New York City has racked up a series of impressive gains within the systems that prepare our youth for work and careers. The question is whether this progress will be enough for the city’s youth to navigate a rapidly changing labor market and achieve steady work and economic security. 

    While the economic expansion of recent years has swept many young adults into the workforce, most of these new workers are not on pathways to upward mobility. Part of that is the

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  • belmont park redev

    Belmont arena rendering (rendering: Sterling Project Development)


    Delayed appraisal, dubious benefits analysis, interest-free financing complicate rosy outlook

    Three lessons from the long battle over Atlantic Yards/Pacific Park and the Barclays Center in Brooklyn are that promises of huge financial benefits deserve skepticism, that independent studies trump promotional ones, and that scenarios should be presented as a range of outcomes, rather than just the best case.

    Unfortunately, those

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  • Ruben Dia Jr.

    Ruben Diaz Jr. (photo: Diaz Jr.'s office)


    Development in the Bronx has defined Ruben Diaz Jr.’s borough presidency, now in its tenth year and coinciding with record economic expansion across the city and country coming out of the Great Recession. And Diaz Jr. has defined his borough presidency –– and plans to build his upcoming run for Mayor –– around economic and housing development.

    The Bronx has seen $18.96 billion poured into development since 2009, the majority of which has gone to residential units, according to the borough president’s ...

  • Amazon deal New York announcement

    Announcing the Amazon deal that later fell apart (photo: Ed Reed/Mayor's Office)


    Current and former city officials and veteran city planners met Monday night to discuss the interplay of politics and policy in the notorious demise of the plan to site an Amazon campus in Long Island City.

    A central theme of the panel discussion, hosted by the Urban Land Institute in midtown Manhattan, was the balance the city must strike between articulating and acting on its long-term need for growth and the experiences of people

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  • citycouncil gjonaj

    (photo: Emil Cohen/City Council)


    The number of jobs in New York City reached an all-time high this year, bringing the unemployment rate to record lows. We are the envy of the nation. But there is one key sector where jobs are declining. For the first time in more than a decade, we are seeing job losses among restaurants and food service establishments.

    In an attempt to halt some of these losses, City Council Members Brad Lander and Adrienne Adams introduced legislation to prohibit employers from firing fast food workers without just cause, meaning

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  • georgetown madisonida

    Former Camp Georgetown Correctional Facility is expected to soon become Camp Brihat Yoga Retreat (photo: Madison County IDA)


    As New York continues to drastically reduce its incarceration rate, many prisons have become surplus. The state prison population has fallen from its peak of approximately 72,600 in 1999 to 47,400 this year.

    Governor Andrew Cuomo, under whom 24 prisons and juvenile detention centers have already been shuttered, introduced and passed legislation as part of the new state budget that would allow him to shut down two or

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  • alicia glen deputy

    Alicia Glen (photo: Paige Polk/Mayoral Photography Office)


    After more than five years as New York City’s Deputy Mayor for Housing and Economic Development, Alicia Glen recently left City Hall, having spearheaded a major affordable housing plan, efforts to diversify the city economy, and other aspects of Mayor Bill de Blasio’s agenda, which she helped shape.

    Glen oversaw the city’s troubled public housing authority, the implementation of a new ferry system, investments into public land to spur business development and the rezoning of East Midtown,

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  • business office

    (photo: Michael Appleton/Mayor's Office)


    The political imbalance in New York City between business and “anti-business” forces is becoming untenable.

    What is happening here has been in the works for many years and was not difficult to predict. Rising income inequality and the perception of a corrupt ruling class brought us the Tea Party movement, Occupy Wall Street, and the 2016 presidential candidacies of both Bernie Sanders and Donald Trump.

    As the nation gears up for the 2020 presidential race, rhetoric pitting “corporate

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  • whats the data point


    What's The [Data] Point? Episode 69 -- 5, with former Deputy Mayor Alicia Glen[You can download What's The [Data] Point? wherever you get your podcasts, including on iTunes]

    wtdp alica glen deputy mayorAlicia Glen was Deputy Mayor for Housing and Economic Development under Mayor Bill de Blasio for more than five years, until she recently left the administration after

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  • Patchett EDC hearing

    EDC President James Patchett (photo: John McCarten/City Council)


    In 2017, Mayor Bill de Blasio unveiled a plan to create 100,000 “good-paying” jobs, with annual salaries of $50,000 or more, within 10 years, giving New Yorkers a pathway to the middle class. On Monday, City Council members held an oversight hearing on that plan, attempting to more fully gauge how the de Blasio administration is doing on its promise.

    Bronx Council Member Ritchie Torres, chair of the Council’s Committee on Oversight and Investigation, co-led a

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  • wikimedia call center

    (photo: Wikimedia Commons)


    Long gone are the days when a family could live comfortably with a minimum wage job. In 1968, a worker making the federal minimum wage could support a partner and a child above the poverty line. Today, you can’t even support yourself and a child on it. Even with the recent increase to the minimum wage, hitting $15 an hour in New York City, it’s impossible for families in many parts of the state to live

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  • gov mayor lic

    (photo: Kevin P. Coughlin/Office of Governor Andrew M. Cuomo)


    Now that Governor Amazon Cuomo is grovelling for Amazon to come back to New York, it’s important to remember that the original sin of the “HQ2” deal is still true: Amazon was never going to bring 25,000 jobs to Long Island City.

    That might surprise people, particularly since that number and its related economic activity have been the central arguments used to defend the deal. But to be

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  • general lagcc 600

    (photo: LaGuardia Community College, CUNY)


    With Amazon’s pronouncement to put the brakes on its plan to bring part of its new headquarters to Long Island City, it’s time to make lemonade out of the many lemons left in the wake.

    Amazon’s decision to locate here centered on our city’s ability to get the company the talent it needs to grow. It’s what every company, large and small, needs to thrive.

    When Amazon first announced it was coming, one of the first questions raised was: who will benefit? Would the 25,000 jobs help our local community,

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  • whats the data point


    What's The [Data] Point? Episode 66 -- 25,000, the Amazon Deal That Vanished and What It Means, with Vishaan Chakrabarti [You can download What's The [Data] Point? wherever you get your podcasts, including on iTunes]

    vc amzn150Amazon was coming to Queens with 25,000 jobs and now it's not -- the mega-deal fell apart and the company backed out amid significant pushback from some local elected

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  • mabdblasio gov and cuomo qus

    (photo: Ed Reed/Mayoral Photography Office)


    James Patchett, CEO of New York City’s Economic Development Corporation, spoke to a packed room on Thursday morning about the reasons behind Amazon’s cancellation of its planned Long Island City “HQ2” campus, in what was a joke-laden and rueful conversation of what could have been and what went wrong.

    Recounting that he learned of Amazon’s reversal a week ago, on Valentine’s Day, while watching Tom Hanks in “Cast Away” – “the one about a lonely capitalist who gets lost at sea,” he said

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  • govandcuomo oppagenda

    (photo: Governor's office)


    New York’s Legislature has been on a tear in the first days of 2019, passing the DREAM Act to help undocumented students pay for college, prohibiting discrimination on the basis of gender identity, and overhauling the state’s antiquated election laws. Now lawmakers have an opportunity to take similarly bold steps to reduce income inequality statewide.  

    It’s time to build on early momentum and help lift more New Yorkers into the middle class. To do so, the Center for an Urban Future (CUF) has laid out 15

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  • hochul redcs 2018

    Lt. Gov. Hochul at the REDC awards (photo: the Governor's Office)


    In a recent radio interview, Lieutenant Governor Kathy Hochul highlighted the elements of Governor Andrew Cuomo’s newly-unveiled 2019 agenda that she plans to have a significant role in passing. Hochul also discussed and defended the administration’s Regional Economic Development Council program, explained her role co-chairing the new Childcare Viability Task Force, and discussed the timetable for a statewide $15 minimum wage.

    As a guest ...

  • Stringer de Blasio press conference

    Comptroller Stringer, the author, at a press conference (photo: NYCHA)


    What if I told you that moving your business to New York City could land you $3 billion in subsidies? Even better, what if getting those billions didn’t even require publicly disclosing key information required to qualify for the money in the first place?

    If that sounds like a great deal to you, you’re in good company because Amazon is taking advantage of secrecy and subsidies baked into our outdated system of tax incentives. We all know the Amazon deal to

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  • Cuomo upstate jobs

    Gov. Cuomo touting Upstate jobs (photo: The Governor's Office)


    The health of the Upstate New York economy is a major issue in this year’s election for Governor. Two candidates in the general election, Republican Marc Molinaro, the Dutchess County Executive, and Stephanie Miner, the former mayor of Syracuse, a Democrat planning to run on an independent line, hail from Upstate, and are already in part centering their campaigns on criticisms of state government’s efforts to help the Upstate economy. Governor Andrew Cuomo’s rival in the Democratic primary, Cynthia

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  • mxm logo

    Ben Max, left, of Gotham Gazette, and Jarrett Murphy, right, of City Limits


    June 14, 2018 - Max & Murphy Podcast: Lieutenant Governor Kathy Hochul

    kathy hochul 277

    Kathy Hochul is in the fourth year of her first term as lieutenant governor, and, running alongside Governor Andrew Cuomo, seeking another term this fall. She's facing a primary challenge, however, from City Council Member Jumaane

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  • marc molinaro launch

    Marc Molinaro (photo: Ben Max/Gotham Gazette)


    Ask Marc Molinaro about nearly anything, and the Republican nominee for governor will likely bring the conversation back to property taxes and affordability.

    “My focus, ultimately, will be to drive down costs on middle class New Yorkers,” he said in a Wednesday interview with Gotham Gazette. “That focus, again, has to be on property taxes because New York, unlike every other state in America, forces more of its state spending on property taxpayers. Property taxpayers -- small tax base; large, acute burden on

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