As New York City looks to recover from the last two devastating years caused by the Covid-19 pandemic, Mayor Eric Adams laid out an ambitious economic recovery blueprint. The plan seeks to reinvigorate and reimagine New York City so that it cannot just survive a post Covid world but thrive.
The plan focuses on five core strategies:
- Restart the city’s economic engines and reactivate the public realm:
- Tackle public safety and quality of life concerns to strengthen corridors where New Yorkers live, work, and play
- Revive the city’s vitality and dynamism by activating public spaces
- Encourage visitors to return to New York City and rebuild and strengthen the tourism and hospitality industries
- Reenergize the soul of New York City’s creative economy
- Continue to support Open Restaurants, particularly those in lower-income communities
- Support small businesses, entrepreneurship, and a more equitable economy:
- Overhaul how City government interacts with small business
- Help small businesses grow
- Promote Black, Indigenous, and People of Color (BIPOC) and immigrant entrepreneurship
- Invest in neighborhoods
- Pursue Minority and Women-owned Business Enterprises (M/WBE) procurement reforms
- Drive inclusive sector growth and build a future-focused economy:
- Maintain and grow New York City’s competitiveness as a global economic powerhouse
- Further diversify the economy by investing in promising growth industries
- Center equity in the evolution and development of both legacy and emerging industries
- Invest in the creative and cultural economy
- Connect New Yorkers to quality jobs and in-demand skills:
- Reimagine the public workforce system
- Increase New Yorkers’ ability to successfully skill and upskill by providing wraparound support
- Make foundational investments in adult education and digital literacy
- Build holistic K-16 and adult workforce strategies for our target sectors
- Advocate for worker protections and longer-term wage supports and solutions for lower-wage sectors
- Plan and build for inclusive growth now and in the future:
- Accelerate and find efficiencies in the processes for building in New York City
- Re-envision the city’s jobs hubs in response to shifting trends in where New Yorkers live and work
- Invest equitably in neighborhood infrastructure
- Increase opportunities for low-cost housing in every neighborhood in New York City
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