The report uses data aggregated by Department of Finance to highlight the economic benefits of open streets laws. On October 25, 2022, Department of Transportation (DOT) Commissioner Ydanis Rodriguez announced the release of Streets for Recovery, a report on Open Streets policy developed in collaboration with Bloomberg Associates. This first-in-the-nation report uses Department of Finance data to highlight the economic benefits of Open Streets during the height of the COVID-19 pandemic.
Search Results for: Small Business
Mayor Adams Signs Two Economic Recovery Bills
The two City Council measures will create a small business portal and require additional commercial property registration, respectively. On October 18, 2022, Mayor Eric Adams signed two bills, Intro 116 and Intro 383, to promote the city’s economic recovery. Intro 116 will help small business owners with City administrative needs and Intro 383 provides the city with more data about the extent of commercial vacancies citywide.
DCP Hosts First Info Session for “City of Yes” Text Amendments
On October 17, 2022, the New York City Department of City Planning (DCP) held an online information session to discuss Mayor Eric Adams’ “City of Yes” initiatives. The “City of Yes” was first announced back in June and focuses on three key areas of reform: Carbon Neutrality, Economic Opportunity, and Housing Opportunity. The amendments highlight the mayor’s desire to move away from “Not in My Backyard,” or “NIMBY” policies that restrict the development … <Read More>
HPD Celebrates Opening of New Affordable Building with 275 Units in East New York
The building includes a community center with a variety of programs to promote economic growth and youth development. On October 4, 2022, the Department of Housing Preservation and Development (HPD) joined other city agencies, MHANY Management, Urban Builders Collaborative and Cypress Hills Local Development Corporation to celebrate the opening of Chestnut Commons Apartments in East New York, Brooklyn. Chestnut Commons Apartments, located at 110 Dinsmore Place, is a new 275-permanently affordable unit building.
Hunts Point Produce Market Selected for $110 Million Federal Grant
On September 15, 2022, Mayor Eric Adams announced that the Hunts Point Produce Market was selected for a $110 million U.S. Department of Transportation (USDOT) Infrastructure for Rebuilding America (INFRA) grant. This federal funding will be used to upgrade and improve the Produce Market’s facilities, strengthening critical freight movement and improving the environment, public health, and quality of life for the Hunts Point community.
Buildings Launches 90-Day “Adams Commission,” New Service Centers
On September 14, 2022, Mayor Eric Adams and Buildings Commissioner Eric A. Ulrich announced two initiatives to refocus the Department of Buildings on providing improved customer service and supporting economic recovery.