Gotham Gazette

The Place for New York Policy and politics

 

Economy

Economy

  • bloom sofl

    New York must take learn key leassons as it moves ahead (Photo: Spencer T Tucker/Mayor's Office)


    Though it feels like an eternity, it was only about a year ago that Amazon walked away from plans to build a second headquarters in Long Island City. The online juggernaut was scared out of town by a short-sighted public debate that centered on legitimate concerns about gentrification and displacement but underplayed future-looking arguments about economic growth. At the time ...

  • power105angie

    emergency supplies at a local firehouse (photo: Edwin J. Torres/Mayor's Office)


    As the city and state are on pause and most people are shut in, many (including me) are stunned and anguished about the sudden shutdown of the city’s economy. Restaurants, bars, and personal services are the grout that holds our neighborhoods together. We are heartbroken about all the waiters, cooks, bartenders, manicurists, personal trainers, and others who are now unemployed; many of these people who give character to our lives are now in dire financial straits. The same is true for

    ...
  • cornell tech school

    (photo: Edwin J. Torres/Mayor's Office)


    New York City has seen a lot of growth and some large shifts in its economy and workforce over the last decade. Unemployment is near record lows, but much of the growth has been in low-wage industries and many New Yorkers are underemployed or working full-time but still struggling to make ends meet. Automation is increasing, and technology has become both its own industry and part of every other sector of the economy.

    Between 2010 and 2016, the tech sector in New York City grew 57%, and tech jobs in non-tech

    ...
  • comp dinapoli growth

    (photo: Michael Appleton/Mayoral Photography Office)


    New York City has experienced a remarkable and extended economic recovery since the devastation wrought by the global recession, with job growth continuing at levels higher than the state and the entire country, according to the latest report from State Comptroller Thomas DiNapoli. But the New York City Independent Budget Office, a fiscal watchdog agency, predicts that job growth in the city will sharply decline over the next two years across all private sector industries as the national economy

    ...
  • ferry navy yards

    (photo: Edwin J. Torres/Mayoral Photo Office)


    January 29, 2020 - Max & Murphy Podcast: How the City's Economy is Working

    samuels ortiz wbaiJulie Samuels of Tech:NYC and Joey Ortiz of the New York City Employment and Training Coalition joined the show to discuss the New York City economy, jobs and workforce development, the tech sector and how tech is part of all other sectors, and

    ...
  • 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

    ...
  • gov cuomo fy exec budget

    (photo: Mike Groll/Office of Governor Andrew M. Cuomo)


    New York City and its economy have been growing at an extraordinary pace in recent years - it is quite clear that the city is generating jobs, development, and wealth. It continues to have major problems - affordable housing and homelessness crises, a deteriorated mass transit system, and nearly 20% of its population still trapped in poverty - but its overall economy has been growing.

    This growth is occurring in the context of a set of perennial questions, both during state budget season when the

    ...
  • mayorsoffice ferry

    (photo: Benjamin Kanter/Mayoral Photo Office)


    Over the past two decades, tourism to New York City has swelled from 33 million to nearly 63 million annual visitors, with powerful ripples throughout the city’s economy. Once just one sector among many, tourism has risen to become one of the top four employment drivers in the city, according to a new report published by the Center for an Urban Future, the Association for a Better New York, and the Times Square

    ...
  • Cuomo upstate jobs

    Gov. Cuomo upstate (photo: The Governor's Office)


    Governor Cuomo described the Upstate New York economy as suffering from a “bad 50 years “ as he tried to explain why it was hard to stimulate rapid growth in the region’s economy, which has grown far more slowly than the rest of the state and nation (see my prior column: Upstate New York is Home to Heavy Voter Turnout, Major State Investment, and

    ...
  • Mayor de Blasio Chirlane McCray City Hall Reelection Parade

    Mayor Bill de Blasio & First Lady Chirlane McCray (photo: Ed Reed/Mayor's Office)


    As Mayor Bill de Blasio, a first-term Democrat, seeks reelection this fall, a close examination of his record is essential. De Blasio came into power promising to address inequlality in a variety of forms, including income, educational, policing, racial, and opportunity inequities he identified during his 2013 campaign. In this year's election de Blasio is running in part on his record, which is headlined by the

    ...
  • bdb scissors

    De Blasio at a business ribbon-cutting (photo: Ed Reed/Mayor's Office)


    This article is part of a series on Mayor de Blasio's first term record as he seeks reelection this fall, in partnership with WNYC radio and City Limits. Find all pieces of the series here.

    **********

    In the four years since Mayor Bill de Blasio took

    ...
  • manufacturing background

    photo: William Alatriste


    In November, New York City Mayor Bill de Blasio and City Council Speaker Melissa Mark-Viverito released a manufacturing policy that makes a strong commitment to the city’s Industrial Business Zones (IBZs). This is the culmination of a growing consensus among certain sectors of the city, from the Progressive Caucus of the City Council to the ...

  • de blasio presents preliminary budget FY17

    De Blasio presents his budget (Demetrius Freeman/Mayoral Photography Office) 


    New York City's fiscal year begins July 1. As the city moves toward a fiscal year 2017 budget agreement between Mayor Bill de Blasio and the City Council by June 30, the mayor began the process on Thursday when he unveiled his preliminary budget, which comes in at $82.1 billion.

    De Blasio didn't outline any major new initiatives, instead focusing on fiscal discipline, building reserves, and making "targeted investments," including in

    ...
  • lander car wash workers

    Council Member Lander with carwash workers (photo: William Alatriste)


    There are more than 1.3 million freelancers working in New York City and with the help of the City Council, these workers may soon be afforded certain protections on par with full-time workers.

    Initially focused on wage protection and health benefits, Council members and advocates are also looking at legislation to expand

    ...