Spurring and Supporting Job Growth
“In the three years leading up to the recession, we outperformed the nation by creating a quarter-million new jobs outside of financial services. Unfortunately, we haven’t been spared from recent job losses, and given the direction of the national economy many more are on the way. But dwelling on the bad news won’t make it any better. Today, I’ll outline a nine-point plan that will allow us to retain and create as many jobs as possible now and 400,000 jobs over the next six years, in all five boroughs.”
The Mayor announced that the Administration will createjobs through a nine-point plan that includes:
- Investing in new infrastructure.
- Funding a record $10 billion-plus in public works projects like the Number 7 Train Extension, new libraries in Queens and Brooklyn, a new police precinct in Staten Island and a Police Academy in Queens, creating more than 25,000 jobs.
- Seeking federal funding for new air traffic control systems for the airports.
- Continuing to make investments that diversify our economy.
- Investing $100 million towards the modernization of the Hunts Point produce terminal.
- Beginning development at Willets Point and renovate the Queens Museum of Art.
- Making the Howland Hook container terminal even bigger.
- Creating space for a major new beer distribution terminal that will bring 600 new jobs to the Red Hook waterfront.
- Continuing to attract world class events and conferences that support tourism-related jobs in all five boroughs.
- Supporting growth in media, fashion and medical sectors.
- Focusing on small business growth.
- Providing emergency loans so small businesses can meet payrolls and keep their doors open.
- Launching more Business Improvement Districts.
- Building new workspaces for artists.
- Improving the ability of local IT firms to compete for City contracts.
- Targeting tax relief to encourage businesses to make new investments.
- Aligning tax laws with those in other states to close loopholes and end unnecessary tax burdens.
- Ending or reducing the Unincorporated Business Tax for 17,000 small businesses.
- Changing tax policies that discourage local job creation.
- Making it easier to do business with the city.
- Enabling online applications to the City’s Business Express website – which facilitates licenses and permits for those who seek to start a business.
- Bringing together agencies that work with housing and commercial developers and holding them accountable for delays and problems.
- Making illustrations of developers’ plans accessible online and giving community residents a formal role in the review process.
- Improving the way city agencies manage environmental review functions by reducing costs and delays for small property owners that seek development approvals.
- Growing New York City’s “green economy.”
- Increasing training of New Yorkers for green-collar jobs.
- Spurring job growth by spending $900 million over nine years on energy retrofits in city agencies, hospitals, cultural institutions, and public schools.
- Identifying the best places in the five boroughs to generate wind power.
- Doubling the production of solar power.
- Training more New Yorkers and matching them to industries seeking to hire.
- Increasing Workforce One Career center job placement goal this year to 20,000.
- Opening new Workforce centers.
- Streamlining the City’s job training programs.
- Encouraging work.
- Seeking federal funds for a pilot program that offers jobs to struggling students – on the condition that they stay in school.
- Creating a new “Jobs Plus” initiative to train public housing residents for higher-paying jobs so they can remain in their apartments as their incomes rise.
- Maintaining New York City as the strongest world financial capital.
- Launch new job training programs focused on the skills valued by small firms.
- Creating an “entrepreneur boot camp” for laid-off financial services workers and others interesting in starting their own companies.
- Pairing academic institutions that see value in creating incubator space for new start-ups with landlords that have vacant space.
- Providing additional seed funding to high-tech start-ups – partnering with angel investors to increase the available funding from $40 million to $50 million.
- Re-deploying more than $30 million in federal financial incentives.
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