Economic Development
The key to economic development and job creation is to ensure that New York City adopts policies that are conducive to the business community and inclusive of all New Yorkers. Job creation produces tax revenue which can be invested in services that improve quality of life which in turn leads to more job creation.
Andrew Cuomo’s economic development and job creation plan will:
Strengthen education and workforce development for economic mobility. Expand workforce training and apprenticeships, particularly in nontraditional fields like healthcare, to create more pathways to economic mobility. Fix the K-12 education system to increase both college attainment and better preparation for jobs that don’t require a college degree.
Promote inclusive economic growth and job creation. Expand wage supplements and other programs targeted to at-risk men (ages 18-24) to help them enter the workforce. Protect Minority- and Women-Owned Business Enterprise (MWBE) programs.
Drive economic growth through infrastructure investment. Expand the City’s role in major infrastructure projects and prioritize infrastructure projects in the outer boroughs, such as the Metro-North expansion that will create four new transit hubs in the East Bronx.
Revitalize the City’s central business districts. Support office-to-residential conversions, especially for underused commercial properties and transform business districts into 24/7 destinations.
Build up sectors where New York City has a competitive advantage. With its world-leading hospitals and strong presence in technology, New York City can become a leader in Artificial Intelligence (AI), which will be the dominant economic force in the decades to come.