Economic Development Strategy

December 22, 2009

Yonit Golub, Policy Advisor
Where have we been?

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Reasons for Optimism
ƒ Recalculated job losses
ƒ National comparison
ƒ Labor force

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 Five Borough Economic Opportunity Plan

ƒ Create jobs for today

ƒ Invest in jobs for tomorrow
ƒ Build Affordable and Attractive Neighborhoods

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Five Borough Economic Opportunity Plan

ƒ Create Jobs Today

– Help New Yorkers
– Help New York Businesses
– Invest in Infrastructure

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 Create Jobs Today

1. New Yorkers:
– Expand Workforce 1; NYC
Training Guide; CareerLinkNYC

– Support entrepreneurs with

JumpStartNYC and FastTrac

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Create Jobs Today

2. Help Businesses:
– Access to Capital; Training Grants, Business Incubators, UBT
reduction; Business Express; Expand 311

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 Create Jobs Today

3. Invest in Infrastructure:
– ARRA; largest capital budget ever;
Green Jobs, New Parks

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Five Borough Economic Opportunity Plan

ƒ Invest in Jobs for Tomorrow

– Diversify the Economy
ƒ Life Science
ƒ Media/Tech
ƒ Green
ƒ Manufacturing/Distribution

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 Invest in Jobs for Tomorrow

ƒ Diversify the Economy

– Tourism, Freelancers, Bioscience,
Fashion, Film, Green, Not-for-Profits

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Invest in Jobs for Tomorrow
ƒ South Brooklyn Industrial Waterfront
ƒ Hunts Point Food Distribution Center
ƒ New York Container Terminal

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Five Borough Economic Opportunity Plan

ƒ Build Affordable and Attractive

Neighborhoods
– Willets Point
– Hunters Point South
– Coney Island

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Willets Point Today

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Willets Point Aerial

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Hunter’s Point South

n Ave
e
51 st Av
e

Borde
50 th Av

Existin
g Secon
d Stre
et

Water Taxi Beach

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Coney Island Today

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Economic Development Strategy
December 22, 2009
Yonit Golub, Policy Advisor