Gotham Gazette

The Place for New York Policy and politics

Economy

Economy

  • city resource fair

    A city resource fair (photo: Benjamin Kanter/Mayoral Photo Office)


    According to the Mayor’s Office, the city experienced a growth of 100,000 jobs from December 2020 to March 2021, and expects to gain 400,000 more to reach a total of 4.5 million jobs by the end of 2021. Even as economic indicators have been headed in the right direction in recent months -- including significant job growth -- amid public vaccination, some easing of

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  • our commercial afford

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


    New Yorkers know that love of neighborhood is synonymous with love of small businesses. But in 2020, we suddenly learned just how thin the reserves of our shops, restaurants, and bars can be. Many New Yorkers responded by doubling down on that love of local; meanwhile, too many businesses felt deeply let down by their elected officials as they faced mounting rent debt and great uncertainty. And so when small business owners vote in June’s Democratic primary to elect the next mayor, many will be voting

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  • open restaurants post

    Ourdoor dining (photo: @nycgov)


    In March of 2020, COVID-19 brought the pulse of our vibrant city to a devastating halt. New Yorkers were directed to stay in their homes, subways shut down and buses cleared out, offices closed, small businesses shuttered, and the vibrant action stopped in the restaurants that are so essential to our culture and quality of life.

    Now, I may be biased, but I believe that Brooklyn has some of the best food options the city has to offer -- and some of the hardest working service workers, too! So when businesses in

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  • food center frank ies dot

    Outdoor dining (photo: @NYC_DOT)


    Surviving as a restaurant in New York City was never easy. But more than a year of indoor dining restrictions and the economic ruin of a global pandemic brought many restaurants that were able to hold on to the brink of bankruptcy. That is why we cheered when the city announced the permanent extension of the Open Restaurants program back

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  • robotics tech class

    Robotics and tech ed (photo: Benjamin Kanter/Mayor's Office)


    With more than half-a-million New Yorkers out of work amid a painful economic downturn, the continued growth of tech positions stands out as a beacon of economic recovery. Connecting more residents with these jobs presents an important opportunity for the next mayor to get New Yorkers working again.

    Despite months of grim economic news, tech firms have continued to double down on New York City. Over the past year, companies including Google, Facebook, Apple, Amazon, and Netflix have signed new

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  • stand up ny

    Stand Up NY


    Laughter brings people joy, something that we’ve been missing for so long in New York thanks to the shutdowns by Governor Andrew Cuomo. We need New York to heal. That’s why I convinced my friend Dani Zoldan, the owner of Stand Up NY, to sue the governor. 

    Prior to this lawsuit, Dani was putting on shows in parks and subway cars. He was working around the mandates imposed on small businesses by the governor and other elected representatives. Dani skirted the law and put on

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  • 1 unveils vision airport

    Joe Biden in New York (photo: Kevin P. Coughlin/Office of the Gover nor)


    On a new episode of CUNY TV, host Bob Liff talks with four expert panelists -- former City Planning leader Carl Weisbrod, Assemblymember Amanda Septimo, Laura Nahmias of the Daily News Editorial Board, and Gotham Gazette editor

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  • cele nyc open

    A ribbon-cutting (photo: Michael Appleton/Mayoral Photography Office)


    In this episode, we discuss the issues of the economy and jobs, and key aspects of what candidates in the 2021 New York City elections are considering, should be asked by voters, and more.

  • cm dromm grod

    Construction workers at work (photo: Emil Cohen/City Council)


    As our city stays focused on managing what we hope to be the final chapter of the COVID-19 pandemic, we also need to keep thinking proactively about driving a strong and just economic recovery.

    It’s no secret that in my Brooklyn district and across the five boroughs, there’s a long road ahead. Our official citywide unemployment rate is now hovering around 12%, with the highest jobless rates still in Brooklyn, Queens, and the Bronx.

    A recent report showed that year-to-date filings for new

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  • media avail th

    Mayor de Blasio at his September announcement (photo: Ed Reed/Mayor's Office)


    New York City went into partial lockdown in March as the coronavirus ravaged the population, bringing a once booming economy to its knees and leaving the city teetering on the edge. The immense flock of tourists ground to a halt; the flow of suburban commuters reduced to a trickle; an untold number of residents fled the five boroughs; “non-essential” businesses were forced to shutter at least temporarily; and people were told to stay inside but for essentials. Many thousands fell

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  • first deputy mayor dev corp

    (photo: Michael Appleton/Mayoral Photography Office)


    We’ve all been watching events in Washington, D.C. with horrified amazement and trepidation. 

    Regardless of Washington, New Yorkers have work to do at home. We’ve been living through a pandemic for just about a year. Everyone in New York is aware we face major budget crises at the state and city levels. Resolution of our fiscal problems is one of the biggest

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  • gov cuomo delivers

    Gov. Cuomo during his second 2021 SOTS speech (photo: governor's office)


    In his second of four planned State of the State speeches this week, Governor Andrew Cuomo on Tuesday outlined a plan to revive New York’s struggling economy, get New Yorkers back to work, and to prepare them for jobs that adapt to a post-covid future.

    In his first speech on Monday, Cuomo presented a broad

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  • compt di hold

    An opportunity for workers in an old law (photo: Michael Appleton/Mayor's Office)


    As several cities begin to shutdown again with the hope of slowing the spread of COVID-19, we’re reminded of the timeless words “certain unalienable rights, that among these are life, liberty and the pursuit of happiness.” I’m interested in the unique opportunity to evaluate how that third unalienable right — the pursuit of happiness — matches with the reality of today’s world and steps we can take to improve opportunities for people to pursue and achieve their definition of happiness.

    For Americans, it

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  • 1 nycsbs

    SBS Commissioner Doris at a small business (photo: @NYC_SBS)


    Frustrated City Council members and hopeful––yet weary––small business advocates took to a hearing Tuesday to express their concerns about the Open Storefronts program launched recently by Mayor de Blasio after outcry from the business community, particularly smaller retailers. Small businesses, many of which are struggling to hold on if they haven’t already closed due to the pandemic and a lack of government help, can enroll in the program that, as of now, will give them through December 31 to sell their merchandise

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  • steve bellone long island business

    Steve Bellone, the author/left, at a local business (photo: @SteveBellone)


    To say that 2020 has been a rough year for New Yorkers would be the understatement of the century. COVID-19 hit us like a mack truck, with the greater New York City metropolitan area suffering the worst.

    Working with Governor Cuomo, we quickly sprang into action to flatten the curve and save lives with a shutdown. But it did not come without a steep toll on our economy and small businesses. After months of strict shutdown rules, New Yorkers finally began to see a light at

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  • pow mov ya

    DNJ Mechanical Corp. moving into Maspeth (photo: BOC Network/Maspeth Industrial Business Association)


    As we get deeper into the current crisis, it’s becoming clearer that New York won’t simply bounce back to “normal.” We need effective strategies to transform our city’s infrastructure and economy. Policies aimed at protecting and growing industrial jobs can improve not only our citywide economy, but the nearby low-income residential communities and the lives of the predominantly of-color manufacturing workforce.

    As industrial business service providers, we ask our current and

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  • cuny laguardia com

    CUNY Chancellor Matos Rodriguez and students, pre-pandemic (photo: City University of New York)


    College seniors who graduated this June faced a very different economic landscape from the one they saw at the beginning of the school year. A global pandemic shattered the job market, and many industries — including the performing arts, entertainment, restaurants, and hospitality and tourism — were in complete freefall after government-mandated closures. 

    The widespread financial strain that saw unemployment in New York City skyrocket from 4% to well over 20%

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  • bor haller bk

    Eric Adams at a Brooklyn business (photo: @BKBoroHall)


    At the height of the pandemic New York City did the unthinkable in the city that never sleeps: it closed up shop. To stop the spread and protect lives, we shut down everything—including the tens of thousands of small businesses that are the backbone of our local economy.

    The sacrifice was immense. New Yorkers gave up their livelihoods and put their American dreams on hold. Some lost everything.

    It did not have to be this way. One good thing that Washington did during the crisis was to fund a lifeline for small

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  • fl cmc do

    CUNY grads (photo: Edwin J. Torres/Mayoral Photography Office)


    New York City Comptroller Scott Stringer proposed a plan Wednesday to revamp the city's workforce development strategy, including by making CUNY community colleges tuition-free and expanding job training opportunities for people at career crossroads.

    The pandemic has decimated jobs in New York City -- with unemployment at roughly 16%, though some estimates say the “real” figure is much higher -- and shifted forecasts about the future of industries across the board. Advocates and policymakers are looking for ways to

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  • mpo exp disc

    Mayor de Blasio at Google in Manhattan (photo: Mayoral Photography Office)


    A series of new reports commissioned by the de Blasio administration to examine ways to develop a more inclusive and robust workforce, particularly in New York City's growing tech sector, lays out both big opportunities and high barriers to achieve them.

    The studies, recently published by the New York City Economic Development Corporation but conducted largely before the pandemic-spurred recession, were designed and conducted by nonprofits, many of which run workforce development programs. Their

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  • rings op bell

    Gov. Cuomo at the New York Stock Exchange (photo: Darren McGee/Governor's Office)


    This story was published in partnership with New York Focus, an independent, investigative news publication covering New York state and city politics, as part of its launch.
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    As the pandemic roiled markets in the spring, New York recorded surging revenue from an obscure

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  • 2 tour smallbus

    Mayor de Blasio gets ice cream (photo: Ed Reed/Mayoral Photography Office)


    An advisory council created by Mayor Bill de Blasio to speak on behalf of the city’s small businesses hasn’t convened in months and some of its members say their concerns aren’t being heard as the city charts a stunted recovery from the coronavirus pandemic.

    In April, de Blasio announced the creation of several task forces to help lead the city’s recovery efforts, including advisory councils dedicated to specific sectors such as large and small businesses, health care, education,

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  • Manhattan Borough President candidates 2021 MBP

    (l-r) Mark Levine; Elizabeth Caputo; Brad Hoylman; Kim Watkins; Ben Kallos


    The five Democratic candidates running to be the next Manhattan Borough President via the upcoming 2021 election gathered by Zoom on Wednesday for a candidate forum hosted by the Manhattan Chamber of Commerce, with topics focused on the devastated local economy and small businesses in the borough.

    The participating candidates, seeking to replace term-limited Democrat Gale Brewer, were Elizabeth Caputo, a former community board chair on the Upper West Side;

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  • experts revive tourism

    Visitors to the Statue of Liberty (photo: Spencer T Tucker/City Council)


    New York City’s tourism industry has a long road to recovery and a lot to learn from other cities like London, which has kick-started its economy through hyperlocal tourism, to come out of the coronavirus pandemic recession. During a virtual policy forum this week hosted by the Center for an Urban Future, top

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  • flushing cover face

    The authors write about opportunity for Queens (photo: Michael Appleton/Mayor's Office)


    The last several months have taken a tremendous toll on our local economy. Over 20 percent of New York City residents were unemployed in June, a level not seen since the Great Depression. Thanks to our frontline heroes and the leadership of our elected officials, we’ve flattened the curve and New York is winning its battle against COVID-19. Now it’s time to get New Yorkers back to work.

    Through a community-centered process, with buy-in from local community

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