Mayor Adams signs two bills on October 18, 2022. Image Credit: Ed Reed/Mayoral Photography Office.

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. (more…)

Image Credit: New York City Department of Transportation

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. (more…)

The Life Sciences sector has seen incredible growth in the NYC metro region. The Zoning for Economic Opportunity text amendment may change restrictions that make it easier for life sciences industries to expand and continue to grow. Image Credit: Tory Williams/EDC.

On Wednesday, June 1, Mayor Eric Adams outlined his, “City of Yes” initiative. This initiative is the next phase of his, “Rebuild, Renew, Reinvent,” plan to stimulate recovery from the COVID-19 pandemic. “City of Yes,” is built around a series of three as-yet-unwritten zoning text amendments to modernize and simplify zoning resolutions to encourage business growth, stimulate housing creation, and reduce the city’s carbon footprint. (more…)

Lorraine Grillo is the City’s new “Recovery Czar,” responsible for coordinating the City’s economic recovery efforts. Image Credit: Ed Reed/Mayoral Photography Office.

Grillo has prior experience managing recovery efforts from after Superstorm Sandy. On February 22, 2021, Mayor Bill de Blasio announced the appointment of Lorraine Grillo as the City’s Senior Advisor for Recovery. As “Recovery Czar”, Grillo will coordinate the City’s recovery agenda, “Recovery for All,” across City agencies and work with non-profits and the private sector. The “Recovery for All” agenda highlights vaccination efforts, addressing unemployment, inequality, neighborhood policing, environmental justice issues and closing the achievement gap in schools as a result of COVID-19. (more…)

Department of Design and Construction Logo Image Credit: DDC

On March 13, 2023, Department of Design and Construction Commissioner Thomas Foley announced the first contract available exclusively for participants in the Minority- and Women-Owned Business Enterprises (M/WBEs) Mentoring Program was awarded.  (more…)