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					NEW YORK CITY REGIONAL ECONOMIC DEVELOPMENT COUNCIL
                               Strategic Plan




                                     November 14, 2011
New York Regional Economic Council
Members and Staff


CO-CHAIRS                                   Gary LaBarbera                              Curtis Cravens
                                              President, New York City Building and       New York State Department of State
Kenneth Chenault
                                              Construction Trades Council
  Chairman & CEO, American Express                                                      Theresa Desmond, CUNY
                                            Nick Lugo
Matthew Goldstein                                                                       Dr. Suri Duitch, CUNY
                                              President, New York City Hispanic
  Chancellor, The City University of
                                              Chamber of Commerce                       Amanda Eyrich Daly, CUNY
  New York
                                            Ann Moore                                   Barbara Fischkin, CUNY
                                              Former Chairman & CEO, Time, Inc.
                                                                                        Andrew Fletcher
MEMBERS                                     Ashok Nigalaye                                Empire State Development (ESD)
Stuart Appelbaum                              President & CEO, Epic Pharma LLC
   President, Retail, Wholesale and                                                     Jay Hershenson, CUNY
   Department Store Union                   Marcel Van Ooyen
                                                                                        Annabelle Ladao
                                              Executive Director, GrowNYC
Marlene Cintron                                                                           Partnership for New York City
  President, Bronx Overall Economic         Kevin Ryan
                                                                                        Steve Lemson, American Express
  Development Corporation                     Founder & CEO, Gilt Groupe
                                                                                        Maisha Lopa, CUNY, ESD Intern
Cesar J. Claro                              Steven Spinola
  President & CEO, Staten Island Economic      President, Real Estate Board of          Nydia Loyd, NYSDOL
  Development Corporation                      New York
                                                                                        John Moye, NYSDOL
Carol Conslato                              Douglas C. Steiner
                                              Chairman, Steiner Studios                 Ingrid Nathan, ESD
  President, Queens Chamber of Commerce
                                            Peter Ward                                  Marion Phillips, III, ESD
Francine Y. Delgado
   Senior Vice President, Seedco              President, Hotel & Motel Trades Council   Merrill Pond
                                            Sheena Wright                                 Partnership for New York City
Mike Fishman
  President, 32BJ SEIU                        President & CEO, Abyssinian               Nancy Ruehling, CUNY
                                              Development Corporation
Gail Grimmett                                                                           Michael Scotto
  Senior Vice President for New York,       Kathryn Wylde                                 Partnership for New York City
  Delta Airlines                              President & CEO, Partnership for
                                              New York City                             Tokumbo Shobowale
Steve Hindy                                                                               Office of New York City
   President, Brooklyn Brewery                                                            Deputy Mayor Robert Steel

Carl Hum                                    STAFF                                       Tara Brooks-Smith, NYSDOL
  President & CEO, Brooklyn Chamber         Dr. Howard Apsan                            Shayne Spaulding, CUNY
  of Commerce                                  The City University of New York (CUNY)
                                                                                        Tim Sullivan
Dr. Marcia V. Keizs                         James Brown                                   Office of New York City
   President, York College, CUNY              New York State Department of Labor          Deputy Mayor Robert Steel
                                              (NYSDOL)
Kenneth Knuckles                                                                        Joseph Tazewell
  President & CEO, Upper Manhattan          Daliz Perez-Cabezas, CUNY                     ESD & Executive Director, NYC REDC
  Empowerment Zone Development
                                            Ashley Cotton                               Marina Vranich, NYSDOL
  Corporation
                                              Office of New York City
                                              Deputy Mayor Robert Steel                 David Weinberger, CUNY, ESD Intern
                                                                                        Mark Wilson, ESD
Contents
 4   Executive Summary

 7   Regional Assessment of Existing Conditions
     and Economic Opportunities

13   Economic Development Vision

19   Economic Development Strategy and Components
          Priority Projects 32
          Priority Actions 44

45   Regional Implementation Agenda

49   Performance Measures

52   Description of Public Process and Involvement
     of Local Stakeholders

53   Conclusion

54   Appendix A: Council Meetings and Attendance

62   Appendix B: Working Group Meetings
Executive Summary




                                                                                      and professional services, media,
                                                                                      information technology, fashion,
                                                                                      tourism, health and education.
                                                                                      Entrepreneurial business formation
                                                                                      is hampered by a complex regulatory
                                                                                      environment and the high costs of
                                                                                      doing business. A significant portion
                                                                                      of the city’s population is unprepared
                                                                                      to participate in the modern
                                                                                      workforce and, therefore, chronically
                                                                                      unemployed or earning less than
                                                                                      required to enjoy a reasonable
                                                                                      standard of living.
                                                                                      The New York City Regional Council’s
                                                                                      five-year strategic plan is focused
                                                                                      on accelerating economic growth
                                                                                      and job creation by building on
                                                                                      the city’s many strengths, while
                                                                                      ensuring that economically distressed
                                                                                      communities and populations have
                                                                                      greater opportunities to participate
                                                                                      in the benefits of growth. The plan
                                                                                      seeks to reinforce the prominent
                                                                                      industries and large institutions
New York City is the state’s primary      the entire rest of the state. This, along   that anchor the city economy, and
economic engine, generating more          with aging infrastructure, a shortage       to foster collaboration with other
than half the state’s economic output     of affordable housing and continuing        regions across the state to build new
and attracting to the state both talent   challenges in public education, gener-      industry clusters in growth sectors of
and investment from around the            ates outsized demands on the local          the innovation economy. The region’s
world. Its growth and vitality outpace    tax base, which are exacerbated by          economic development strategy, as
most other urban centers in America.      reductions in state and federal aid. As     outlined in its plan, is based on four
By almost any measure, New York           a result, New York is among the most        key pillars:
is among the most successful 21st         heavily taxed cities in America.            •	 Improve quality of life—The city’s
century world cities.                                                                    deep and diverse talent pool is the
                                          The city also faces increasing
At the same time, 20% of the city’s       global competition for the jobs,               key asset for attracting, retaining
8.2 million residents are living below    investment and talent that fuel its            and growing businesses, jobs and
the federal poverty line—more than        major industries—finance, business             entrepreneurial activity. This pool
                                                                                         is sustained and replenished by



4      NEW YORK CITY REGIONAL ECONOMIC DEVELOPMENT COUNCIL STRATEGIC PLAN
The New York City Regional Council’s five-year strategic plan is focused
on accelerating economic growth and job creation by building on the
city’s many strengths, while ensuring that economically distressed
communities and populations have greater opportunities to participate
in the benefits of growth.




   providing residents with a highly          assets and opportunities for                uses, a more diversified energy
   livable, safe and comfortable              the expansion of the food and               generation and distribution
   environment and a range of                 tourism industries across the five          system, and more efficient
   lifestyle assets to enjoy. Municipal       boroughs. As part of the strategic          distribution network for cargo
   government has established a               planning process, the regional              and, especially, for food, are part
   sustainable growth blueprint,              council has identified regulatory           of the blueprint for promoting
   known as PlaNYC. It focuses on             and legislative recommendations             economic growth across the five
   greening the city and investing            for helping to reduce barriers              boroughs. Finally, the plan places
   in systems that are essential to           to business development,                    human capital development as the
   quality of life. Diverse and thriving      encouraging job creation and                lynchpin of continued economic
   neighborhoods are the building             advancing opportunities for                 growth and the achievement of
   blocks for a livable city. There are       MWBE firms. These recommended               a more inclusive economy. This
   neighborhoods in every borough             “priority actions” will be sent to the      will be accomplished through
   that have undergone intensive              statewide chairman’s committee              investment in education for the
   planning and/or rezoning and               of “New York Open for Business,”            jobs of the future, retraining of the
   are “shovel ready” for investment          subsequent to the submission of             existing workforce, and stronger
   and development. The strategic             this plan.                                  partnerships between industry
   plan identifies a number of these                                                      and academic institutions.
   neighborhoods as “opportunity           •	 Invest in the future—The
   zones” which will have priority for        plan envisions a major new               •	 Foster innovation and inter-
   public and private investment.             commitment to public-private                regional cooperation—The city’s
                                              investment in the modernization             continued status as a global
•	 Create a pro-growth, pro-jobs              and expansion of the region’s               capital of commerce depends
   environment—A business climate             infrastructure. This will require           upon its ability to unleash
   that could be tolerated during a           leadership from the governor and            the power of human capital,
   post-war era of rapid economic             legislature, as well as industry and        entrepreneurial spirit and research
   growth is no longer competitive.           labor leaders. Maintaining and              university assets throughout
   It is necessary to modernize               modernizing the transportation              New York State to create the
   regulatory burdens, reduce costs           system, including public transit            industries, businesses and jobs
   of doing business, and mobilize            as well as roads, bridges and               of the future. New York aspires
   support for small businesses and           airports, is crucial to sustaining          to achieve world-class status in
   strategically important industries.        the city’s competitive edge. The            many sectors of the innovation
   Bringing the innovation economy            plan also focuses on the need for           economy—such as clean tech
   to all five boroughs, in partnership       additional affordable housing and           and energy, life sciences, health
   with universities, workforce               maintenance of the city’s current           IT, advanced manufacturing,
   development initiatives and                inventory of government-assisted            financial technology, nanotech
   private investors, is central to the       housing. New or modernized                  and big data. This requires
   proposals in this strategic plan. The      facilities to accommodate evolving          tapping all the assets of New
   plan also recognizes significant           commercial and manufacturing                York State through inter-regional



                                            NEW YORK CITY REGIONAL ECONOMIC DEVELOPMENT COUNCIL STRATEGIC PLAN                5
    coordination and collaboration.        The following are the key criteria          •	 CREATE @ Harlem Green:
    New York City offers access to         established by the council for                 Redevelopment of a long
    capital and a huge market for          priority project selection: multi-             vacant industrial building to
    products and services in all these     region economic impact; workforce              accommodate artists, artisans,
    sectors, which this strategic plan     development and employment for                 small business and community
    seeks to further expand and make       economically distressed communities            services will serve as a critical link
    available to other regions as a        and populations; catalyst or                   between the historic 125th Street
    way of accelerating the growth,        accelerator of industry cluster activity;      entertainment and retail district
    depth and resiliency of emerging       feasibility; leverage of private and           of Central Harlem and the new
    industry clusters. At the same         other public contributions; job                Columbia University campus and
    time, the plan seeks to continue       creation, direct and indirect, with            City College of New York in West
    the diversification of the city’s      priority for jobs that offer better            Harlem.
    economy by fostering these             compensation and upward mobility;
    “innovation sectors” in all five       and, finally, projects that strengthen      •	 Staten Island Green Zone: Initial
    boroughs.                              or build upon innovation assets,               development of an 1,100 acre
                                           including research universities,               site that is largely comprised
Implementation of the objectives of        entrepreneurial and investor                   of brownfields and unused
New York City’s strategic plan will be     networks, and industry pioneers.               waterfront on the West Shore
carried out through transformational                                                      of Staten Island will bring five
projects, policies and coordinated         The transformative projects that were          manufacturing and distribution
actions that engage all stakeholders       identified as top priorities and “ready        companies to the Green Zone,
through their representation               to go” for the first competitive round         with significant accompanying
on the regional council and its            of state funding include the following:        economic and environmental
working groups and committees.             •	 The redevelopment of the Hunts              benefits.
Stakeholders include large and small          Point Produce Market: This project
business, labor, major academic and                                                    •	 NYC SeedStart: Expansion
                                              represents a major investment
health institutions, workforce and                                                        of a program that nurtures
                                              and job generator in the state’s
community development agencies                                                            entrepreneurs and connects them
                                              poorest county, the South Bronx,
and all levels of government. The                                                         to funding and markets will help
                                              and in a critical food distribution
regional council lays out a structure                                                     build innovation industry clusters.
                                              center serving thousands of small
and process through which it will                                                         This project involves recruiting to
                                              and minority owned grocery
continue to identify, promote, monitor                                                    entrepreneurs from other regions
                                              and produce markets as well as
and measure performance of projects,                                                      of the state into SeedStart, in order
                                              supporting agricultural production
investments and actions that further                                                      accelerate the funding and growth
                                              across New York State.
the goals and objectives of this plan.                                                    of vibrant industry clusters across
                                           •	 The new Green Manufacturing                 New York.
The plan includes proposed
                                              Center in the Brooklyn Navy Yard:
transformative projects that are                                                       •	 International Convention and
                                              A relatively small state investment
submitted for purposes of competing                                                       Exhibition Center: Queens
                                              will leverage private funds for
for initial state capital and tax credit                                                  offers the city’s most appropriate
                                              development of the city’s first
awards from the regional council                                                          location for a new international
                                              clean tech manufacturing center,
fund allocation as well as projects                                                       convention and exhibition
                                              for which the Navy Yard has
for which the council is seeking                                                          center, with accompanying hotel
                                              already identified an anchor tenant
accelerated state permits and                                                             accommodations, which will add
                                              that will relocate from out of state.
regulatory approvals. The council                                                         an important new destination
                                              This center will help position New
plans to develop and maintain a                                                           for the city’s tourism industry. A
                                              York State’s promising clean tech
continually updated inventory of                                                          full build out of such a facility will
                                              industry cluster and reinforce
“pipeline” projects that are identified                                                   exceed 3.8 million square feet of
                                              research and commercialization at
as contributing to implementation of                                                      convention and exhibition space.
                                              universities in many regions of the
this plan in important ways and will
                                              state.
require future funding or other forms
of assistance.




6       NEW YORK CITY REGIONAL ECONOMIC DEVELOPMENT COUNCIL STRATEGIC PLAN
Regional Assessment of Existing
Conditions and Economic Opportunities



Historical Perspective                   New York City Population
New York is the most populous city       8,200,000
                                                                                                                                                     8,175,133

in the United States, with 8.2 million   8,000,000                                      7,895,563
                                                                                                                                      8,008,278
                                                            7,891,957
residents in 2010. This is an increase   7,800,000
                                                                          7,781,984

of 2.1% from 2000, and 11.6% higher      7,600,000
than 1990. Despite a steep drop
                                         7,400,000                                                                   7,322,564
in population resulting from the
                                         7,200,000
urban crises of the 1970s, the city’s                                                                 7,071,639
                                         7,000,000
population has rebounded over the
                                         6,800,000
past three decades as crime levels
dropped, immigration increased, and      6,600,000

Wall Street positioned New York as       6,400,000
                                                             1950          1960           1970          1980          1990             2000            2010
the financial center of a globalizing
economy.                                                Source: U.S. Census Bureau


Over the past 60 years, private sector
jobs in New York City have hovered
around 3 million. The current number
is approximately 3.2 million, slightly   NYC Private Sector Employment (Absolute and
below the peak of 1969. New York City    Percentage of the U.S. Economy)
accounts for around 3% of private
sector jobs in the United States, a      3,500,000                                                                     NYC                  NYC % of U.S.        8.0%

share that has declined from 7% in       3,000,000                                                                                                               7.0%

1958.                                                                                                                                                            6.0%
                                         2,500,000
                                                                                                                                                                 5.0%
                                         2,000,000
                                                                                                                                                                 4.0%
                                         1,500,000
                                                                                                                                                                 3.0%

                                         1,000,000
                                                                                                                                                                 2.0%

                                          500,000                                                                                                                1.0%

                                                0                                                                                                                0

                                                     DEC FEB APR JUN AUG OCT DEC FEB APR JUN AUG OCT DEC FEB APR JUN AUG OCT DEC
                                                      07 08   08 08   08 08 08    09 09 09    09 09 09 10     10 10 10 10 10


                                                     Source: New York State Department of Labor and Bureau of Labor Statistics, CES




                                            NEW YORK CITY REGIONAL ECONOMIC DEVELOPMENT COUNCIL STRATEGIC PLAN                                                       7
New York City entered the recent recession later than
the rest of the country and exited it more quickly.




Historical Unemployment Rate Comparison Between                                                                                                                    Current Economic
NYC and the U.S.                                                                                                                                                   Snapshot
                                                                                                                                   NYC             U.S.
12.0%                                                                                                                                                              New York City entered the recent
                                                                                                                                                                   recession later than the rest of the
10.0%
                                                                                                                                                                   country and exited it more quickly.
 8.0%                                                                                                                                                              Thanks to the diversity and underlying
                                                                                                                                                                   strength of its economy and the rapid
 6.0%
                                                                                                                                                                   recovery of the financial sector, New
 4.0%                                                                                                                                                              York has added back all of the jobs
                                                                                                                                                                   lost during the recession, while the
 2.0%
                                                                                                                                                                   U.S. economy is still down 6%.
      0
          JAN MAR MAY
           76  77  78
                        JUL
                         79
                               SEP NOV
                               80   81
                                         JAN MAR MAY JUL
                                          83  84  85  86
                                                           SEP
                                                           87
                                                                 NOV JAN MAR MAY
                                                                  88  90  91  92
                                                                                   JUL
                                                                                    93
                                                                                         SEP NOV JAN MAR MAY
                                                                                         94   95  97  98  99
                                                                                                               JUL
                                                                                                                00
                                                                                                                     SEP
                                                                                                                     01
                                                                                                                           NOV
                                                                                                                            02
                                                                                                                                 JAN MAR MAY JUL
                                                                                                                                  04  05  06  07
                                                                                                                                                   SEP
                                                                                                                                                   08
                                                                                                                                                         NOV JAN
                                                                                                                                                          09  11   Unemployment in New York City
          Source: New York State Department of Labor and Bureau of Labor Statistics
                                                                                                                                                                   has historically been higher than
                                                                                                                                                                   in the rest of the United States, but
                                                                                                                                                                   this trend has reversed in the last
                                                                                                                                                                   several years. In September, New York
                                                                                                                                                                   City’s unemployment rate was 8.7%,
New York City and U.S. Job Recovery Since the Onset of the Recession                                                                                               significantly lower than the U.S. rate of
                                                                                                                                                                   9.1%, although higher than New York
               NYC Private                        U.S. Private
                                                                                                                                                                   State’s 8% rate. This is largely driven by
102                                                                                                                                                                New York State’s more rapid decline in
100                                                                                                                                                                workforce participation.
 98

 96

 94

 92
      DEC FEB      APR        JUN AUG OCT DEC FEB            APR JUN AUG OCT DEC FEB               APR   JUN AUG OCT             DEC FEB    APR     JUN    AUG
       07  08       08         08  08  08  08  09             09  09  09  09  09  10                10    10  10  10              10  11     11      11     11



      Source: New York State Department of Labor and Bureau of Labor Statistics




8             NEW YORK CITY REGIONAL ECONOMIC DEVELOPMENT COUNCIL STRATEGIC PLAN
Healthcare and social assistance and professional and
business services are the largest categories of employers
in both New York City and New York State.




A Diverse Economy                        Distribution of Employment by Industry, September 2011
                                                                                                                                   NYC
New York City’s economy is broad
and diverse, with five major sectors      Industry Sectors and Sub-sectors                                                  Jobs         % of Total
each responsible for more than            FIRE                                                                               439,200       12%
300,000 private sector jobs, and 11
                                             Finance and Insurance                                                            318,400       9%
sub-sectors responsible for more than
100,000 jobs. The table summarizes           Real Estate                                                                      120,800       3%
the taxonomy of private sector            INFORMATION                                                                        162,600        4%
employment in New York City.              PROFESSIONAL AND BUSINESS SERVICES                                                 595,200       16%
Healthcare and social assistance and      EDUCATION                                                                          184,200        5%
professional and business services are    HEALTHCARE AND SOCIAL ASSISTANCE                                                   578,800       16%
the largest categories of employers       LEISURE AND HOSPITALITY                                                            333,000        9%
in both New York City and New York            Arts & Entertainment                                                             63,200       2%
State. They represent 37% and 34%
                                              Accommodation & Food                                                            269,800       7%
of private sector jobs in the city and
state, respectively. Medical schools      TRADE TRANSPORTATION AND UTILITIES                                                 568,300       15%
and their affiliated hospitals alone          Retail                                                                          309,500       8%
account for 13% of employment in the          Wholesale                                                                       139,300       4%
city.                                         Transportation and Utilities                                                    119,500       3%
                                          MANUFACTURING                                                                       73,100        2%
                                          CONSTRUCTION                                                                       108,500        3%
                                          OTHER                                                                              154,400        4%
                                          TOTAL PRIVATE                                                                     3,198,300      86%
                                          GOVERNMENT                                                                         537,500       14%
                                          TOTAL (Private + Government) NYC                                                  3,735,800      100%
                                         Source: New York State Department of Labor

                                         Data is preliminary and subject to revision. Totals may not add due to rounding.




                                           NEW YORK CITY REGIONAL ECONOMIC DEVELOPMENT COUNCIL STRATEGIC PLAN                                         9
New York City is the                                 paying jobs are disproportionately        city and state economies. This is one
                                                     located in the city. At the same time,    major challenge that the New York
Economic Engine of New
                                                     the cost of living in New York City is    City Regional Economic Development
York State                                           higher than in the rest of the state.     Council will seek to address.
New York City contributes                                                                      The recent release of federal poverty
disproportionately to New York State’s               The Challenge of                          data for New York City and the rest
economy. In 2010, the city had 42%                   Concentrated Poverty                      of the country indicated a troubling
of the state’s population and roughly                                                          trend of growing poverty within the
the same share of private sector jobs                While unemployment is lower
                                                                                               five boroughs, with more than 20%
(44%), yet contributed 59% of the                    in New York City than the rest of
                                                                                               of New York City residents officially
state’s payroll (wages) and 55% of the               the country, it continues to be
                                                                                               classified as living below the federal
state’s economic output.                             unacceptably high, and the citywide
                                                                                               poverty line, up from 18.2% in 2008
                                                     measure masks significantly higher
In 2010, New York City accounted                                                               (see table on next page). While New
                                                     pockets of unemployment in specific
for more than half of the state’s                                                              York’s rate of poverty has increased
                                                     boroughs, as demonstrated below,
jobs in professional and business                                                              more slowly than that of the rest of
                                                     and in local communities within
services, finance and insurance, and                                                           the country since 2007, the trend is
                                                     boroughs. Chronic conditions of
information (tech services). These are                                                         not conducive to a healthy society.
                                                     unemployment among black and
higher wage sectors, and the city’s                                                            There are also an estimated half
                                                     Hispanic males in particular exact
payroll share for these industries was                                                         million full-time, year-round workers
                                                     significant social and economic costs
63.4%, 84.4%, and 70.6%, respectively,                                                         living in poverty in the city.
                                                     on those individuals and their families
which indicates that the state’s well-               and communities, as well as on the        The city is home to a majority of
                                                                                               the state’s low-income residents.
NYC Share of NYS Private Sector Employment/Payroll by Industry,                                More than 1.6 million New York City
                                                                                               residents are classified as living in
2010
                                                                                               poverty, which is more than the total
                                                            Employment           Payroll       population of any county in New York
 Industry                                                     Share              Share         State outside the five boroughs.
 Professional and Business Services                            50.5%             63.4%
                                                                                               Persistently high unemployment
 Healthcare                                                    44.6%             47.0%
                                                                                               and poverty place outsized demands
 Finance and Insurance                                         62.8%             84.4%         on the city budget, as well as on its
 Retail Trade                                                  34.4%             40.3%         schools, hospitals and municipal
 Accommodation and Food Services                               42.3%             54.6%         services. The city is also projecting
                                                                                               a dramatic increase in its elderly
 Education                                                     48.0%             53.3%
                                                                                               population, with the number of
 Information (Tech Services)                                   59.6%             70.6%
                                                                                               people age 65 and over projected to
 Other Services                                                44.6%             56.9%         rise 44.2%, from 938,000 in 2000, to
 Other                                                         36.7%             39.9%         1.35 million in 2030.
Source: Bureau of Labor Statistics
                                                                                               Education
                                                                                               New York City has a diverse
Unemployment by Borough                                                                        range of educational institutions,
 Borough                         2007        2008            2009        2010        2011      including over 36 private nonprofit
                                                                                               colleges and universities, four State
 Bronx                          6.60%        7.30%          11.90%      12.80%      12.10%
                                                                                               University of New York campuses,
 Brooklyn                       5.30%        5.80%          9.90%       10.20%      9.50%      the 24 institutions within The City
 Manhattan                      4.20%        4.70%          8.40%        8.00%      7.30%      University of New York (CUNY),
 Queens                         4.40%        4.80%          8.30%        8.50%      7.90%      and many for-profit colleges.
 Staten Island                  4.50%        4.90%          8.10%        8.70%      8.10%
                                                                                               Educational attainment among
                                                                                               New York City residents overall has
*12 months ending September
                                                                                               improved over the past ten years.
Source: New York State Department of Labor                                                     However, attainment rates indicate



10        NEW YORK CITY REGIONAL ECONOMIC DEVELOPMENT COUNCIL STRATEGIC PLAN
great differences among boroughs.                       Today, New York City has both a                          in the city are renters and over 43%
Improving educational attainment                        shortage of housing, exacerbated                         of those currently devote more than
and closing the “achievement gap”                       by the credit crisis in residential                      30% of their incomes toward rent.
between different parts of the city                     finance, and a crisis of affordability.                  (Generally, housing is considered
is crucial to the city’s economic                       Unsubsidized construction costs for                      affordable when a household pays no
competitiveness (see table below).                      new or rehabilitated housing result                      more than 30% of its income in rent.)
                                                        in rental rates or sales prices that                     Nearly 24% of renters pay more than
Shortage of Affordable                                  far exceed what most residents can                       50% of their incomes in rent. Median
                                                        afford. Two-thirds of all households                     rent for regulated and unregulated
Housing
In the 1980s, the New York Chamber
of Commerce identified the lack of                      Resident Poverty Rate 1990–2010
affordable housing as one of the top                                                                                                        NYC                U.S.
three obstacles to business location                     25%
in the city. During the past three
                                                                               21.2%
decades, with assistance from the                                                                                                                       20.1%
                                                         20%       19.3%                     19.1%     19.2%       18.5%                    18.7%
state, New York City launched the                                                                                              18.2%
most ambitious affordable housing
                                                                                                                                                               15.3%
development program in the nation’s                      15%                                                                                      14.2%
                                                                         13.1%                    13.3%     13.3%          13.0%       13.2%
history. While tens of thousands of                                                  12.4%
homes and apartments were built and
renovated, resulting in the renaissance                  10%
of hundreds of formerly blighted
neighborhoods, the affordable                              5%
housing challenge remains enormous,
due largely to population growth,
                                                           0%
continued high rates of poverty,                                    1990         2000        2005         2006         2007         2008       2009       2010
and the many legal, political and
regulatory barriers to cost-effective                                Source: U.S. Census Bureau, Decennial Census and American Community Survey
development.

Educational Attainment 2005–2009
                                                                                                                                   Staten
                                                  Bronx              Brooklyn          Manhattan            Queens                                  Total NYC
                                                                                                                                   Island
                       No HS Diploma             333,122              455,106            220,192            382,366                52,046           1,442,832
                                                  33.1%                23.7%               16.2%               21.2%               13.9%              22.3%
                           HS Diploma            280,725              554,924            192,252            524,675            126,183              1,678,759
                                                  27.9%                28.9%               14.2%               29.1%               33.7%              26.0%
                         Some College            179,316              302,670            173,695            296,055                75,310           1,027,046
                                                  17.8%                15.8%               12.8%               16.4%               20.1%              15.9%
                            AA Degree             60,290              119,457             47,606            127,131                27,558           382,042
                                                   6.0%                6.2%                3.5%                7.0%                7.4%                5.9%
                            BA Degree             99,653              311,843            391,024            314,923                57,035           1,174,478
                                                   9.9%                16.2%               28.8%               17.4%               15.2%              18.2%
                   Advanced degrees               54,228              176,852            332,053            160,298                36,514           759,945
                  (MA & Professional)
                                                   5.4%                9.2%                24.5%               8.9%                9.7%               11.8%
                                    Total       1,007,334           1,920,852           1,356,822          1,805,448           374,646              6,465,102
                                                 100.0%               100.0%              100.0%            100.0%             100.0%                 100.0%
Source: Center for Urban Research, CUNY Graduate Center, analysis of American Community Survey data.




                                                           NEW YORK CITY REGIONAL ECONOMIC DEVELOPMENT COUNCIL STRATEGIC PLAN                                     11
                                                                                    The Threat of Global
                                                                                    Competition
                                                                                    At the beginning of the 21st century,
                                                                                    New York was jockeying with London
                                                                                    for the title of “financial capital of the
                                                                                    world.” After the 2008 financial crisis,
                                                                                    New York’s leadership in finance was
                                                                                    reaffirmed, but international and
                                                                                    U.S. financial regulatory reforms will
                                                                                    greatly affect the large institutions
                                                                                    that anchor New York’s financial
                                                                                    sector. Because financial services
                                                                                    account for 32% of the economic
                                                                                    output in the city and state and nearly
                                                                                    35% of all wages earned citywide, the
                                                                                    volatile nature of the industry and
                                                                                    increased regulation will be felt in the
                                                                                    local and state economies.
                                                                                    International competition from cities
                                                                                    in emerging nations is also growing.
rental apartments, including utilities,   contributor to the economy. In            New York, London, Paris and Tokyo
came to $1,080 a month in 2009.           New York City, “safety net” hospitals     were the dominant world cities of
Among households in the bottom            serving low-income communities            the last century. All four face new
third of the income distribution for      are most immediately vulnerable           challenges as cities in China, India,
renters, nearly 80% paid more than        to these changes, since many are          Brazil and other emerging economies
30% of their incomes in rent and          already operating with budget             develop their own financial centers
nearly 60% paid more than 50%. The        deficits. The state cannot afford to      and compete more aggressively for
Bronx is the borough with the greatest    continue to subsidize a system that       talent and trade. New York has done
percentage of residents paying half or    has far too many inpatient beds and       better than many “legacy leaders” by
more of their income to rent—33%.         emergency room visits. In fact, the       diversifying its economy (London, by
The greatest percentage increase          transition to primary and preventive      way of contrast, depends on financial
was in Staten Island, where nearly 8%     care can be a source of new and           and business services for about 41%
more residents are spending half of       improved jobs and of economic             of its economic output). Moreover,
their income on rent since 1999.          development opportunities, as old         New York has increased its role as
                                          hospital campuses are redeveloped         a magnet for foreign investment,
Transition in Healthcare                  for a new delivery system and other       with about one in ten New York City
                                          uses. New York City, in particular the    workers currently employed by a
The nation’s healthcare delivery          boroughs of Brooklyn and Queens,          foreign-owned company. In order
and payment systems are in crisis.        where most of the safety net hospitals    to maintain its position, the city
The federal government has set out        are concentrated, needs to be at          requires continued investment in
to control costs while extending          the forefront of understanding            infrastructure—such as expanding
coverage to more people and               and responding to transitions in          capacity and services at its airports—
improving patient outcomes. The           healthcare. The healthcare industry       and national immigration and
changes in national policies have         is the largest employer in the Bronx,     trade policies that promote global
enormous potential consequences           which is also the borough with the        accessibility and economic activity.
for New York City and State, where        highest level of poverty, making
the healthcare industry is among          transitional planning and retraining of
the largest employers and a major         personnel important there as well.




12     NEW YORK CITY REGIONAL ECONOMIC DEVELOPMENT COUNCIL STRATEGIC PLAN
Economic Development Vision




Vision Statement
New York City is the business and
financial capital of America. It is the
nation’s preeminent global center of
commerce, culture and innovation
and the No. 1 tourist destination. It is
also the economic engine of New York
State, with employers throughout the
five boroughs generating half of the
state’s economic output and almost
half of all state tax revenues.
At the same time, New York City’s
unemployment rate exceeds the
statewide average, the city has more
people living in poverty than the rest
of the state combined, and its contin-
ued global dominance in key industry
sectors—upon which the economy of
the entire state relies—is threatened
by unprecedented foreign competi-
tion.
                                              energy, and the built environment,       compensated and inclusive
To retain its status as a global eco-         both commercial and residential)         workforce.
nomic powerhouse and to maximize              and recapture of lost assets such
its contributions to New York State,          as the 578 miles of city waterfront   Improving the competitiveness, acces-
New York City seeks to reinforce its          and thousands of acres of             sibility, and human capital of New York
historic strengths, generate improve-         contaminated brownfield sites.        City will spur its growth and progress,
ments in the quality of life for its                                                strengthen its role as a global leader,
residents through the creation of          •	 Reduction of barriers to business     and economically benefit the entire
good jobs, and better leverage its            development and expanded              Empire State. The city is, after all, the
academic and corporate assets in the          support for entrepreneurs, both       largest market and best source of pri-
technology-driven growth sectors of           immigrant and native born, who        vate capital for business throughout
the 21st-century economy. This will           are the major generators of new       the state. By leveraging its singular as-
require significant public and private        jobs and of innovation.               sets, New York City will ensure that the
investment focused on:                                                              five boroughs and all ten regions of
                                           •	 Enhanced development of               New York State are in the best position
•	 Modernization of aging                     human capital to achieve a more       to flourish and be open for business.
   infrastructure (transportation,            diverse, highly qualified, fairly




                                            NEW YORK CITY REGIONAL ECONOMIC DEVELOPMENT COUNCIL STRATEGIC PLAN            13
Critical Issues and Opportunities
REGIONAL ECONOMIC                             other industries, including               the five boroughs has important
COMPETITIVE ADVANTAGES                        media, law and accounting,                tourism assets that can be better
                                              fashion and design, retail and            promoted. This can both enrich
As New York City prepares its com-            entertainment, real estate,               the tourism experience that the
prehensive five-year strategic Plan,          insurance, construction, hospitality      city offers and contribute to the
it does so with the benefit of several        and tourism, healthcare, aviation         growth of borough economies.
strategic competitive advantages.             and information technology. As            The regional council will work
Despite the uncertainty of the global         such, New York attracts employers         with NYC & Co. and Empire State
and national macroeconomic picture,           that set the pace for innovation,         Development (ESD) to develop
New York City is likely to continue to        compensation and labor standards          a program aimed at expanded
benefit from:                                 in their industry.                        tourism activity across the city.
•	 A growing, diverse and highly                                                        In certain cases, such as that of
                                           •	 High level of business confidence         the Bronx, development of a new
   skilled population—New York
                                              —Over the past decade, the city           first-class hotel to support local
   City is projected to add 1 million
                                              has attracted major investments           destination tourism sites will be
   more residents by 2035. It boasts
                                              in headquarters and expanded              important in connection with this
   a highly educated workforce: 42%
                                              operations by dozens of global            effort.
   of employed New Yorkers have
                                              corporations, ranging from Hearst,
   a bachelor’s degree or higher,
                                              Goldman Sachs, Bank of America,        •	 “Opportunity Zones”—Thanks
   compared to 33% of employed
                                              Thomson Reuters and Bloomberg             to completed rezoning plans
   U.S. residents. It also benefits from
                                              L.P. to Google, JetBlue, Conde Nast       and major public and private
   a diverse, multi-lingual immigrant
                                              and Pearson. While other cities,          investments, neighborhoods and
   population – 36% of New Yorkers
                                              such as Chicago and London, are           business districts across the five
   were born overseas, compared to
                                              struggling with retention issues,         boroughs are poised for significant
   less than 12% of all Americans.
                                              New York’s level of corporate             economic growth in the coming
•	 A diversified economy—New                  commitment remains high.                  years. Accelerating job creation
   York City has five different                                                         and economic growth will depend
                                           •	 A robust transportation network           upon expedited regulatory
   major sectors, each of which
                                              —New York City benefits from              approvals, targeted assistance,
   contributes more than 300,000
                                              a network of more than 6,000              and support for public-private
   jobs to the local economy, and
                                              miles of roads and highways,              initiatives to market, finance
   11 sub-sectors that each employ
                                              2,000 bridges and tunnels, a              and develop “shovel ready” site.
   more than 100,000 people. The
                                              transit system that operates 24/7,        These communities, have already
   New York Metropolitan Region
                                              more than 700 miles of subway,            undergone a decade or more of
   is America’s largest exporter,
                                              commuter and intercity rail tracks,       planning and predevelopment
   primarily of services. Moreover,
                                              a network of ferries, and access to       work. They are “Opportunity
   it is the country’s biggest and
                                              three major international airports.       Zones” that are “Open for Business”
   most aggressive market for new
   products, technological innovation                                                   and that the regional council will
                                           •	 A growing tourism industry—A              prioritize and assist.
   and talent. New York firms have
                                              record 48.8 million people visited
   received $2.2 billion in venture
                                              New York City in 2010, generating
   capital so far this year and were
                                              nearly $50 billion of direct and
   second only to Silicon Valley in
                                              indirect economic activity. Thirty
   overall investments, totaling $891
                                              percent of all foreign tourists who
   million during the third quarter of
                                              visit the United States visit New
   2011.
                                              York City, giving the city the No. 1
                                              market share by a considerable
•	 Capital of key industries—
                                              margin. Even following the
   Unique among large cities, New
                                              recession, the city’s hotel
   York is not only a global center
                                              development pipeline remains
   of capital markets but of many
                                              the largest in the nation. Each of



14     NEW YORK CITY REGIONAL ECONOMIC DEVELOPMENT COUNCIL STRATEGIC PLAN
OPPORTUNITY ZONES
125th Street         125th Street is Harlem’s “Main Street.” The New York City Economic Development
(Manhattan)          Corporation (EDC), with the Upper Manhattan Empowerment Zone (UMEZ) and its
                     Harlem Business Assistance Fund, is implementing a plan to help strengthen 125th
                     Street’s reputation as a world-class arts, cultural, and entertainment destination and
                     regional business district. Construction of the Manhattanville campus of Columbia
                     University and local initiatives such as the redevelopment of Mart 125, the Victoria
                     Theater and the upgrade of the Apollo Theater will be catalysts for the further economic
                     resurgence of Upper Manhattan. The transformation of the Taystee Bakery factory into
                     a center for entrepreneurial activity known as CREATE @ Harlem Green will provide a
                     critically important transitional facility between the historic retail and entertainment
                     district of Central Harlem and the growing university facilities of Columbia and City
                     College in West Harlem. It will provide affordable commercial and industrial space for
                     the city’s creative class. Similarly, connecting to East Harlem, the Harlem Community
                     Development Corporation proposes to establish a 22-block, open-air market known as
                     “La Marqueta Mile.” This would accommodate about 900 artisans, food and other small
                     businesses and create an estimated 4,000 jobs.
Coney Island         After many decades of decline, Coney Island has begun to experience a resurgence
(Brooklyn)           following the passage of rezoning in 2009. With the city’s acquisition of property
                     within the amusement area, and the development of several new amusement parks,
                     new attractions at the New York Aquarium, and other investments, this historic
                     neighborhood is witnessing new development and increased visitors. Over the next
                     three decades, as the city advances district infrastructure upgrades that will support
                     new housing, hospitality, retail, and entertainment uses in the rezoning area, Coney
                     Island is positioned to become a major waterfront destination and support around
                     4,500 new units of housing, approximately 25 acres of entertainment attractions, and
                     more than 25,000 construction jobs and 6,000 permanent jobs.
Downtown Brooklyn    Helped along by rezoning in 2004, Downtown Brooklyn has become one of the fastest-
(Brooklyn)           growing neighborhoods in New York City, doubling in population in the last decade.
                     With the completion of the Barclays Center and several crucial cultural institutions
                     and commercial developments to complement this boom in population, Downtown
                     Brooklyn is poised to be one of the city’s most active central business districts. This area
                     also anchors Brooklyn’s participation in the innovation economy, with NYU Polytechnic
                     Institute at its center. An opportunity exists to either expand the Polytechnic campus
                     and/or accommodate expanded entrepreneurial uses at 370 Jay Street.
Brooklyn Navy Yard   Minutes away from both downtown Brooklyn and downtown Manhattan and
(Brooklyn)           surrounded by the diverse Brooklyn neighborhoods of Fort Greene, Clinton Hill,
                     Bedford-Stuyvesant, DUMBO and Greenpoint-Williamsburg, the 300 acre Navy
                     Yard has emerged as a national model for sustainable industrial parks, urban green
                     manufacturing and local job creation, with 5,800 people working in 275 Navy Yard
                     businesses today, up from 3,800 employees in 230 businesses in 2001. Demand for
                     space in the yard is strong; its existing 4.5 million square feet of space has been 98%
                     leased for the past 10 years, and it has a waitlist of over 100 businesses. Now, in the
                     midst of its largest expansion since WWII, with over $200 million of ongoing city-
                     funded infrastructure improvements, the yard has been able to leverage this success
                     into $500 million in private investment, an additional 2 million square feet of space
                     and a projected 3,200 new jobs in the next two to four years. The planned Green
                     Manufacturing Center will renovate industrial buildings to create a 215,000-square-foot
                     building targeting green design and manufacturing tenants.




                                   NEW YORK CITY REGIONAL ECONOMIC DEVELOPMENT COUNCIL STRATEGIC PLAN               15
 OPPORTUNITY ZONES
Greenpoint-Williamsburg    The 2005 rezoning of Greenpoint-Williamsburg has led to the construction of significant
(Brooklyn)                market rate and affordable housing. Many developers in the area are committed to
                          employing building service workers at or above prevailing wages in anticipation of the
                          improved residential market resulting from the increased development opportunities.
                          With the completion of the WNYC Transmitter Park and Bushwick Inlet Park, the once
                          sleepy neighborhood is being transformed into a vibrant residential and commercial
                          hub.
Hunts Point               The Hunts Point peninsula is home to the city’s primary food wholesaling and
(Bronx)                   distribution hub (the Hunts Point Food Distribution Center), occupying 330 acres
                          and supporting more than 115 businesses and 10,000 workers. The area is also
                          home to the Hunts Point Terminal meat, fish and produce markets, along with many
                          other private food-related companies. The 2004 Hunts Point Vision Plan articulated a
                          coordinated strategy for fostering business and job growth at the food distribution
                          center. Modernizing the produce market will have the multiplier effect of attracting
                          new business activity and ensuring that the food distribution center continues to
                          play a primary role in the city’s and state’s food supply chain, while also improving its
                          environmental sustainability.
Long Island City          Long Island City has experienced significant growth in population and workforce
(Queens)                  since its 2001 rezoning, and with the construction of JetBlue’s headquarters and the
                          completion of the Gotham Center, will continue to grow. The nearby development of
                          Hunter’s Point South, the largest affordable housing development to be built in the city
                          since the early 1970s, will also accelerate the neighborhood’s growth.
Lower Manhattan           Despite the devastating terrorist attacks of September 11, 2001, Lower Manhattan is
(Manhattan)               thriving again as a 24/7 neighborhood, with a nearly doubled population and more
                          businesses operating today than prior to 9/11. The commercial redevelopment of the
                          World Trade Center will add more than 10 million square feet of Class A office space
                          complemented by significant growth in parks and open space.
Jamaica/Southeastern      Jamaica benefits from a thriving downtown commercial district and world-class trans-
Queens                    portation access (the AirTrain, LIRR and two subway lines all connect at Jamaica’s re-
(Queens)                  cently redeveloped intermodal hub), making Jamaica an attractive destination for new
                          residents and businesses. Downtown Jamaica’s redevelopment will have a multiplier
                          effect throughout Southeastern Queens, extending to JFK Airport and the Rockaways.
Hudson Yards              The Far West Side of Manhattan is the “final frontier” of undeveloped space in Midtown.
(Manhattan)               The redevelopment of Hudson Yards will transform this neighborhood into one of the
                          largest commercial and residential districts in the city, with four times the office space of
                          Rockefeller Center, market-rate and affordable housing, retail and hotels, and significant
                          open space.
Flushing/Willets Point    Flushing is home to one of the largest communities of people of Chinese descent
(Queens)                  outside of China (and its Chinese-American population is now larger than Manhattan’s
                          Chinatown), as well as large populations of other Asian and non-Asian immigrants. This
                          has powered Flushing’s significant economic growth, allowing the neighborhood to
                          add jobs in each of the last six years, despite the recession. The planned redevelopment
                          of Willets Point will accelerate the neighborhood’s growth and also have significant
                          environmental benefits, most directly linked to the revitalization of the Roosevelt
                          Avenue corridor.




16    NEW YORK CITY REGIONAL ECONOMIC DEVELOPMENT COUNCIL STRATEGIC PLAN
OPPORTUNITY ZONES
North Shore          The North Shore is home to the city’s maritime support services industry and an
(Staten Island)      historic working waterfront. Six neighborhoods (St. George, New Brighton, West
                     Brighton, Port Richmond, Mariners Harbor-Arlington, and Jersey Street) have areas of
                     underutilized land or vacant buildings located adjacent to residential communities or
                     businesses creating significant potential for growth. EDC recently completed a study
                     of the area, which stretches from the Staten Island Ferry Terminal to Howland Hook
                     Marine Terminal. The borough president is leading the charge for a rail system, and over
                     200 acres of vacant land are available for development, beginning with a 14 acre site
                     surrounding the Richmond County Bank Ballpark, which is currently being offered to
                     developers by the city.
South Bronx          A 30-block area around the lower end of the Grand Concourse was rezoned in 2009
(Bronx)              with the goal of transforming a waning industrial waterfront area and the lower Grand
                     Concourse into a vibrant, mixed-use, mixed-income community with new housing,
                     waterfront open space, and an array of retail services. The completion of the South
                     Bronx Greenway by 2013 will also help attract investment to the neighborhood.
Southwest Brooklyn   Sunset Park’s waterfront offers an opportunity for industrial and manufacturing
(Brooklyn)           businesses that have long been leaving the city because they are unable to find
                     appropriate space. With an extensive waterfront and existing freight rail infrastructure,
                     as well as access to numerous local truck routes, Southwest Brooklyn offers a unique
                     opportunity for multi-modal transportation. The city’s 2009 Sunset Park Waterfront
                     Vision Plan laid out a framework for breathing new life into one of the city’s most
                     important maritime industrial areas. The plan sets guidelines for investment for the next
                     20 years and anticipates creating or retaining 20,000 jobs in the area. Important projects
                     such as the reactivation of the South Brooklyn Marine Terminal, the redevelopment
                     of the area’s aging freight rail network and the building of a new waterfront park are
                     already underway.
West Shore           The West Shore offers more than 1,000 acres of properties for development, with
(Staten Island)      potential for significant maritime and industrial job creation. Nearly 40 initiatives are
                     currently underway to unlock growth in the neighborhood, including development of
                     publicly owned sites at Charleston, Rossville, Arlington Yard and the New York Container
                     Terminal. EDC recently completed a comprehensive study of the area. The Staten Island
                     Economic Development Corporation (SIEDC) is launching a Green Zone to rehabilitate
                     and reclaim brownfields and other unused property for industrial use, and promoting a
                     light rail project in the area.




                                  NEW YORK CITY REGIONAL ECONOMIC DEVELOPMENT COUNCIL STRATEGIC PLAN              17
Critical Issues                                                                      Critical
                                                                                     Opportunities
New York City’s potential economic        the case with housing for the elderly,     New York City has a number of
growth is inhibited by several critical   special needs and low income               opportunities to capitalize on its
issues:                                   populations, which requires public         competitive advantages in order to
                                          subsidies to achieve affordability.        address its growth-inhibiting issues. In
Aging infrastructure—The regional
                                                                                     particular, New York City should focus
transportation system (covering the       Shrinking industrial and                   on deploying its resources to:
10 counties of New York City, Long        manufacturing base—Approximately
Island and the lower Hudson Valley)       700,000 manufacturing jobs have            Improve quality of life—Attraction
requires an estimated $315 billion        been lost in New York City since 1966      and retention of talent is the key to at-
investment over the next 25 years         (75% of the historic peak), shifting the   tracting and retaining businesses, jobs
for maintenance, operations and           primary source of middle-class jobs to     and investment. This requires provid-
expansion of public transit, roads,       the public and healthcare sectors.         ing residents with a highly livable, safe
bridges, tunnels and ferries. The water                                              and comfortable environment and a
and sewer systems will require $7         Regulatory complexity—New                  range of lifestyle assets for them to
billion in investment over the next 10    York City and State and the federal        enjoy.
years to protect drinking water and       government impose overlapping
                                          and complex regulatory burdens on          Create a pro-growth, pro-jobs en-
ensure water quality.
                                          businesses.                                vironment—A business climate that
Significant poverty and high un-                                                     could be tolerated during a post-war
employment—Poverty, unemploy-             Insufficient access to fresh, healthy      era of rapid economic growth is no
ment and under-employment are at          food—Almost 3 million New York City        longer competitive. It is necessary to
unacceptable levels, and poverty has      residents are classified as living in a    modernize regulatory burdens, reduce
continued to grow during the reces-       “food desert.”                             costs of doing business in New York
sion. The city has a broad spectrum of    Declining federal and state                City, support small businesses and
workforce development and retrain-        support—Federal and state budgets          help to build strategically important
ing programs in community and             have come under significant pressure       industries.
other public colleges, employer-labor     in recent years, resulting in reduced      Invest in the future—Investing in
partnerships for worker training, the     support for municipal services and         the region’s infrastructure is neces-
public schools, and community-based       infrastructure. City taxes are already     sary to fuel economic growth and to
workforce development and retrain-        the high, providing little elasticity to   maintain the city’s competitiveness
ing programs. These need to be            make up for these cuts.                    in the global economy. Public-private
expanded and better integrated into
                                                                                     partnerships are the key to financing
economic development activities.
                                                                                     this investment during a time when
High tax burden—New York City                                                        government is cutting back. Equally
businesses and residents face one of                                                 important is investment in human
the highest total taxation burdens in                                                capital, particularly in the areas of
the nation.                                                                          workforce development and retrain-
                                                                                     ing, so that New Yorkers currently
High costs of doing business—
                                                                                     unemployed or under-employed can
Businesses in New York City are
                                                                                     qualify for innovation economy jobs.
subject to significant energy, real
estate and regulatory costs, as well as                                              Foster innovation and inter-regional
tolls and other fees.                                                                cooperation—The city’s continued
                                                                                     status as a global capital of commerce
Insufficient affordable housing—
                                                                                     depends upon unleashing the power
Despite significant investments in
                                                                                     of New York State’s human capital, en-
affordable housing, the city’s stock
                                                                                     trepreneurial spirit and research uni-
of housing affordable to a range
                                                                                     versity assets to create the industries,
of incomes has not kept pace with
                                                                                     businesses, and jobs of the future.
population growth. This is particularly




18     NEW YORK CITY REGIONAL ECONOMIC DEVELOPMENT COUNCIL STRATEGIC PLAN
Economic Development Strategy and
Components



New York City is America’s business
and financial capital, its primary gate-
way to the global marketplace, and its
largest concentration of diverse talent.
These strengths, however, gener-
ate extraordinary demands on local
resources, translating into high costs,
high taxes, and intense competitive
pressures for limited public funds.
The New York City Regional Council’s
five-year strategic plan is focused,
first and foremost, on how to recon-
cile conflicting demands on limited
resources in ways that maximize and
accelerate economic growth and job
creation. This involves building on the
city’s strengths while simultaneously
taking action to fill systemic gaps
that have left more than 1.6 million
city residents in poverty, many of
them without jobs or the preparation
required for employment, and others        $500 billion private sector economy.       regional council has sought to unify
in low-paying jobs that cannot sustain     The strategic plan recognizes that         representatives of a very diverse city
a household in New York City.              state and local government must            around a policy and implementation
Second, the strategic plan recognizes      demonstrate fiscal responsibility and      framework that can guide the future
that sustaining New York’s position as     regulatory restraint in order to keep      allocation of scarce public resources
a preeminent world city will require       private sector payrolls growing and        in a productive and fair way, acceler-
continuous investment in upgrading         tax revenues flowing.                      ate growth, and expand opportunities
and maintaining municipal infrastruc-                                                 for all New Yorkers. The plan seeks to
                                           Third, the strategic plan looks for
ture and services, replenishing com-                                                  reinforce the prominent industries
                                           balance between investment in the
mercial and residential building stock,                                               and large institutions that anchor the
                                           outward-facing “export” sectors of
and supporting the great cultural,                                                    city economy, while reducing barriers
                                           the economy (the corporate, FIRE,
educational and research institutions                                                 to entry and increasing opportunities
                                           professional services, hospitality
that underpin the city’s leadership in                                                for small businesses, minority and
                                           and technology sectors) and the
the 21st century innovation economy.                                                  women-owned enterprises, and for
                                           “local” service economy (healthcare,
The resources to carry out these                                                      less educated and non-English
                                           food, small business, housing, and
essential functions must be largely                                                   speaking households.
                                           utilities). In developing this plan, the
generated by the city’s more than



                                            NEW YORK CITY REGIONAL ECONOMIC DEVELOPMENT COUNCIL STRATEGIC PLAN            19
In comparison to competing foreign         Housing Authority (NYCHA) alone has         grown over the last three decades),
business capitals, New York City           more residents than Miami.                  more businesses want to anchor here,
receives relatively modest aid from                                                    and more people want to visit New
                                           The region’s economic development
the federal government. The U.K. takes                                                 York City (a record 48.8 million tourists
                                           strategy is necessarily comprehensive,
care of London, and France endows                                                      visited New York City in 2010).
                                           taking into account a broad array of
Paris, but New York City is largely
                                           stakeholders: large and small busi-         Technology has increased the impor-
dependent on local, state and private
                                           nesses, labor, non-profit organizations,    tance of quality of life as a factor in
sector resources to maintain its world-
                                           community groups, residents, com-           economic development. New York
class status. In fact, New York City
                                           muters, and visitors. As with any strat-    City’s principal rivals for attracting
taxpayers contribute some $25 billion
                                           egy addressing a large and complex          residents and businesses used to be
more to the federal and state tax rolls
                                           entity, one of the most critical compo-     other large, industrialized cities like
than is returned to the city in the
                                           nents for success is consistency that       Los Angeles, London, Chicago and
form of aid or services. Federal cut-
                                           will survive transitions in mayoral and     Boston. Today, New York increasingly
backs present a special challenge for
                                           gubernatorial administrations. The          competes with smaller cities like Boul-
financing New York’s transportation
                                           intention of this plan is to promulgate     der, Austin, and Portland that have
infrastructure, affordable housing and
                                           clear and consistent strategic objec-       benefited from the increased mobility
social safety net programs, healthcare
                                           tives that allow the private sector and     of workers and businesses facilitated
and education systems, and its home-
                                           other stakeholders to make long-term        by technological advances. As a result,
land security needs. Therefore, this
                                           investments and strategic decisions         in addition to traditional quality-of-life
strategic plan anticipates the need to
                                           with confidence.                            metrics like safety and sanitation, New
grow the economy and the tax base
                                                                                       York must offer the same attributes as
on an accelerated basis so that essen-     With these principles in mind, the
                                                                                       these cities, including access to recre-
tial public functions can be sustained     New York City Regional Economic
                                                                                       ation and green space, and options in
during a period of national retrench-      Development Council has endorsed
                                                                                       transportation.
ment. At the same time, the regional       a comprehensive economic develop-
council will work with local, state and    ment strategy that is based on four         New York City’s strategy for Improving
federal elected officials to identify      key objectives:                             Quality of Life focuses on seven critical
ways to maximize what federal aid                                                      areas:
remains and to improve the balance         I. Improve Quality of Life
of payments between New York and           II. Create a Pro-Growth, Pro-Jobs           •	 Public safety: New York City is the
Washington.                                     Environment                               safest big city in America, and the
                                           III. Invest in the Future                      incidence of murder and violent
The sheer scope, scale and breadth                                                        crime has fallen far faster than the
                                           IV. Foster Innovation and Inter-
of the New York City economy are                                                          national average.
                                                Regional Cooperation
unique among the state’s ten eco-
nomic development regions. The city                                                    •	 Education: A quality public educa-
anchors a metropolitan area (includ-       I. Improve Quality of Life                     tion is the birthright of every New
ing parts of New Jersey, the Hudson                                                       Yorker, and investments in public
Valley and Long Island) that gener-        Local government will continue to              education are investments in the
ated $1.3 trillion of economic activity    focus its resources on the essential           economy of the future.
in 2010, placing it just behind Spain      services that are necessary to improve
as the 13th largest economy in the         quality of life across the five boroughs.   •	 Parks and waterfront: More than
world. If they were their own cities,      This is fundamental to the region’s            700 acres of parkland have been
Brooklyn and Queens would be the           economic development strategy                  added in the last decade, and to-
4th and 5th largest cities in the United   because residents, employers, and              day more than 75% of New Yorkers
States, respectively. The Bronx, with      tourists have more choices than ever           live within a 10-minute walk of at
over 1.4 million people, would be next     about where they live, work, and visit.        least one park. Expansions of Hud-
in line, on par with Philadelphia and      New York City has enjoyed strong               son River Park, Governors Island
Phoenix. Staten Island is the smallest     growth in all of these regards: more           and Brooklyn Bridge Park have
of the five boroughs in terms of popu-     people want to live in New York City           significantly increased the number
lation, but still larger than all but 37   (the population is growing), more              of waterfront recreation opportu-
U.S. cities, and larger than any other     people want to work in New York                nities in the city. There are other
city in the state. The New York City       City (the number of jobs has steadily          important projects underway with




20     NEW YORK CITY REGIONAL ECONOMIC DEVELOPMENT COUNCIL STRATEGIC PLAN
   public and private funding that               of New York’s most important           as Manhattan’s Central Business
   will contribute to quality of life in         competitive advantages.                Districts. One example, highlighted
   underserved communities. One                                                         by Governor Cuomo at the regional
   example is Lakeside at Prospect            The regional council will establish a     council summit, is the Riverbank
   Park, in Brooklyn, the city’s most         system to monitor critical baseline       Sewage Treatment plant in Harlem,
   populous borough, which also               indicators for these seven categories     where a recent fire caused damage
   has the lowest percentage of land          and, where appropriate, will look to      and called attention to a facility
   dedicated to parks. The project            integrate quality-of-life objectives      that requires additional investment
   will renovate and restore 26 acres         with economic development projects        to ensure that it is an asset to the
   of parkland and create new year-           and programs. The regional council        community’s quality of life, and to the
   round skating rinks, a café and a          will also seek to identify how state      city’s tourism industry.
   lakeside promenade.                        regulatory actions, legislation and
                                              policies can more effectively support     The Regional Plan Association has
•	 Cultural institutions: Museums,            these quality-of-life objectives.         been funded to develop models of
   libraries, theaters and other cul-         New York City has a comprehensive         sustainable community development.
   tural institutions are the anchors         sustainability plan and tracking          East New York, Brooklyn, is one
   of many of New York’s vibrant and          system managed by the Mayor’s             of the subjects of the Sustainable
   diverse neighborhoods, bringing            Office of Long Term Planning and          Communities Initiative, under which
   visitors, investments and jobs to          Sustainability in consultation with       the New York City Department
   each of the five boroughs.                 business, labor and civic groups,         of City Planning will develop a
                                              which covers key areas of the quality     comprehensive sustainable strategy
•	 Sanitation: The city’s streets are         of life agenda.                           in collaboration with local community
   the cleanest they have been in                                                       and civic partners. Capitalizing on the
   generations, although there are            Most relevant to the role of the          area’s strong regional and local transit
   still challenges in some areas.            regional council is the objective         access, the initiative will identify
   The Bronx borough president                of maintaining and strengthening          opportunities for new mixed-income
   has installed two “Big Belly” solar-       the city’s diverse and thriving           housing, improved access to transit
   powered garbage receptacles                neighborhoods. During the past            and employment opportunities,
   as a pilot project designed to             decade, there have been more than         streetscape improvements, and
   supplement city trash collection.          100 major rezoning actions that have      healthy food options to create a
                                              created important new platforms for       framework for a more vibrant, transit-
•	 Clean air and water: New York              growth across the city. This strategic    oriented neighborhood.
   City’s drinking water is clean, safe       plan recognizes these areas, which
                                              are in various stages of planning and
   and delicious; significant gains
                                              development, as priority “opportunity
                                                                                        II. Create a Pro-Growth,
   have been realized in improving
   the quality of the city’s air, and the     zones” that will be targeted for              Pro-Jobs Environment
   city’s PlaNYC sustainable growth           accelerated state regulatory              Governor Cuomo and Mayor
   strategy has identified a number           reviews and approvals and priority        Bloomberg have both affirmed that
   of policies to realize further gains,      consideration under the state’s           making New York State and New York
   including the elimination of the           Consolidated Funding Application          City “open for business” is a priority of
   dirtiest heating fuels.                    (CFA). The regional council will track    their administrations. This strategic
                                              development in the opportunity            plan begins with the assumption that
•	 Diverse and thriving                       zones, and seek to link their projects    the private sector drives economic
   neighborhoods: While New York              to private as well as public sources of   growth and creates jobs, but that
   is perhaps best known around the           investment capital and other forms        government has a vital role to play
   world as a “concrete jungle,” the          of assistance via a website tracking      in creating the most conducive
   reality is that the city is a collection   mechanism.                                environment for businesses in all
   of diverse, vibrant, unique                                                          five boroughs to open, expand and
                                              Another element of the quality-of-
   neighborhoods in each borough.                                                       thrive. A friendly and more affordable
                                              life agenda is the importance of
   Ensuring the distinctive flavor of                                                   business climate will contribute to
                                              environmental justice, ensuring that
   each neighborhood in the city is                                                     the attraction of high-quality, well-
                                              diverse neighborhoods across the
   critical to attracting and retaining                                                 paying jobs that benefit workers and
                                              boroughs get as much attention
   the diverse population that is one                                                   strengthen the city’s middle class.




                                               NEW YORK CITY REGIONAL ECONOMIC DEVELOPMENT COUNCIL STRATEGIC PLAN              21
New York City’s strategy for Creating         ers, and develop business plans          III. Investing in the Future
a Pro-Growth, Pro-Jobs Environment            is an investment in sustainable
focuses on five critical areas:               economic growth. The Bloomberg           Since its earliest days, New York City
                                              Administration established the           has benefited from natural competi-
•	 Treating businesses like                                                            tive advantages, such as its world class
                                              Department of Small Business
   customers: City government is                                                       harbor. New York City became a global
                                              Services (SBS), which is dedicated
   working to make applications for                                                    economic juggernaut, however, only
                                              to assisting this important sector.
   permits, licenses and certificates                                                  with significant public and private in-
                                              SBS also is responsible for work-
   available online where practical,                                                   vestment in its infrastructure—highly
                                              force development programs and
   and to use technology to make it                                                    visible investments like the Erie Canal,
                                              serves, in a real sense, as the hu-
   easier for citizens and businesses                                                  the Brooklyn Bridge and the subway
                                              man resources and recruitment
   to comply with regulations.                                                         system, as well as less visible ones
                                              agent for businesses that are too
                                              small to maintain this function          such as the water and sewer system
•	 Modernizing and streamlining                                                        and the nation’s most robust and com-
                                              on their own. Working with local
   regulations: While government                                                       plex energy grid. Continued invest-
                                              chambers of commerce, BIDs and
   has a solemn obligation to ensure                                                   ment is critical to maintaining New
                                              other groups, the regional council
   that workers are safe in the work-                                                  York’s world class infrastructure, which
                                              will formalize its role as a sounding
   place, that products and services                                                   provides the platform for economic
                                              board and advocate for small busi-
   are safe, and that customers get                                                    growth.
                                              ness in the city, particularly as it
   what they pay for, it also has an ob-
                                              relates to capital access and public     Neither city nor state government
   ligation to balance these priorities
                                              policies.                                has the budget or borrowing capacity
   with the need to allow businesses
   to operate. The city is examining                                                   at this time to finance many neces-
                                           •	 Supporting strategic industries:
   all regulations to ensure that they                                                 sary infrastructure investments. This
                                              EDC established the Center for
   are achieving their objectives and                                                  should not stop progress, but instead
                                              Economic Transformation, which
   are updated to be consistent with                                                   motivate New York to adopt a major
                                              works closely with employers in
   the jobs and businesses of today’s                                                  public-private partnership (P-3) ap-
                                              every major industry to obtain
   economy. The regional council will                                                  proach to meet the challenge. Labor
                                              input that informs projects, pro-
   contribute to this process on an                                                    leaders and investment professionals
                                              grams and policies. These “industry
   ongoing basis.                                                                      in New York State have been work-
                                              desks” include: arts and nonprofits,
                                                                                       ing on national and state proposals
                                              bioscience, clean tech, fashion,
•	 Neighborhood and commercial                                                         for infrastructure funds that lever-
                                              financial services, industrial, media,
   revitalization: Business Improve-                                                   age private-sector expertise and the
                                              and technology. This strategy for
   ment Districts (BIDs), Empower-                                                     patient capital available from public
                                              working in partnership with indus-
   ment Zones (EZs), and Industrial                                                    and private pension funds. Whether
                                              try sector leadership has been suc-
   Business Zones (IBZs) have played                                                   in the context of a national infrastruc-
                                              cessful and is a resource that the
   a critical role in stabilizing and                                                  ture bank, should it be established,
                                              regional council will use to inform
   strengthening neighborhoods and                                                     or a state initiative, New York City’s
                                              its work. The council will also help
   commercial corridors. The city will                                                 regional council is prepared to mobi-
                                              ensure full representation from all
   continue to invest in these target-                                                 lize support for a new infrastructure
                                              five boroughs and from Minority
   ed economic development drivers                                                     financing program.
                                              and Women Business Enterprises
   that bring businesses, jobs, and
                                              (MWBE) in development of stra-           P-3s are a growing trend in infrastruc-
   investment to all five boroughs.
                                              tegic industry clusters. The state       ture finance and operation in the
•	 Supporting small businesses:               recently renewed the designation         country. The Port Authority is cur-
   Small businesses are responsible           of the Industrial + Technology           rently soliciting responses to an RFP
   for more than half of the jobs             Assistance Corporation (ITAC) as         for a P-3 to reconstruct the Goethals
   in both the city and the state             the regional provider of business        Bridge connecting Staten Island and
   economies. Consensus among                 development assistance. ITAC             New Jersey. President Obama’s Jobs
   economists affirms that the finan-         will be a resource to the council        Council, on which regional council co-
   cial crisis and ensuing recession          in coordinating efforts to assist        chair Kenneth Chenault sits, recently
   affected small businesses far more         businesses participating in cluster      selected the rebuilding of the Tappan
   dramatically than it did large busi-       development.                             Zee Bridge as one of 14 national in-
   nesses. Helping small businesses                                                    frastructure projects slated to receive
   access capital, hire and train work-                                                accelerated regulatory approvals and


22     NEW YORK CITY REGIONAL ECONOMIC DEVELOPMENT COUNCIL STRATEGIC PLAN
priority assistance from federal agen-      •	 Intra-City: Roads, bridges, tunnels,
cies. While the project likely extends         subway, bus and bicycle trans-
beyond the timeline of the five-year           portation options within the five
plan, it represents an important op-           boroughs; ongoing projects such
portunity for New York City and the            as the extension of the #7 sub-
Hudson Valley Region to cooperate              way line to 34th Street and 11th
in support of a transportation project         Avenues, the construction of the
that is critical to both regions, by ac-       2nd Avenue subway, the expan-
commodating both vehicles and some             sion of Bus Rapid Transit (BRT), the
provision for mass transit. The same           renovation of the Brooklyn Bridge,
is true for the Access to the Region’s         and the creation of more than 200
Core (ARC) tunnel that should be built         miles of bike lanes throughout the
under the Hudson River. These are              city are examples of the invest-
among the major P-3 projects that              ments needed in intra-city trans-
are important for the region’s future.         portation. EDC and the New York
There are also many smaller and more           City Council have worked with pri-
immediate opportunities that the re-           vate operators to expand ferry ser-
gional council recommends for State            vice on the East River for local and
pension-funded P-3 development,                intra-region movement of com-
including Moynihan Station and the             muters, residents and tourists. This
Jamaica Station Plaza.                         has proven quite successful. Ferries
                                               are an important transit option
It is not enough to line up new financ-
                                               that can play a much greater role
ing mechanisms for public infrastruc-
                                               if they are coordinated with MTA
ture construction, however, since the
                                               services. The regional council pro-
procurement, legal and management
                                               poses to convene a task force with
structures of most public construction
                                               the MTA, the Port Authority and
in New York are inefficient and slow,
                                               other relevant agencies to pursue
resulting in under-funded, over-
                                               optimizing the services of ferries in
budget, and past-deadline capital
                                               the regional transit system.
projects. A major overhaul of legis-
lated and regulatory processes and          •	 Commuter: Bridges, tunnels, roads
management practices surrounding               and rail transportation options
public construction in New York—at             that connect the city to its suburbs
the MTA, the Port Authority and State          and the regional economy, includ-
Department of Transportation—is                ing ongoing projects such as the
urgently needed. The regional council          MTA’s East Side Access and the Port
will press for such reforms.                   Authority’s Goethals Bridge re-
The specific targets for Investing in the      construction, are examples of the
Future will fall in six critical areas:        investments needed in commuter
                                               transportation. Investing in trans-
1) TRANSPORTATION: New York City’s             Hudson rail capacity is also a criti-
transportation network is one of its           cal need, since no new rail tunnel
most vital competitive advantages,             has been built under the Hudson
and creating the capacity to move              River since 1911. A priority for one
more people and goods into, out                of the most poorly served areas
of, and through the five boroughs              of the city is the West Shore Light
is a critical economic priority for the        Rail Project that would extend the
region. Much of the region’s transpor-         New Jersey Transit Bayonne Branch
tation is aging and has suffered from          over the Bayonne Bridge and into
years of under-investment. Ensuring a          Staten Island, all the way to Tot-
robust transportation network means            tenville. This would help to open
investing in intra-city, commuter, and         up an area that has more than
inter-city transportation options:             1,000 acres available for industrial



                                             NEW YORK CITY REGIONAL ECONOMIC DEVELOPMENT COUNCIL STRATEGIC PLAN   23
                                       development and job creation.           receiving their fair share of state hous-
                                       Completion of the LIRR East Side        ing subsidy allocations and will work
                                       Access will allow future expansion      to try to improve that situation.
                                       of Metro North, utilizing existing
                                                                               •	 Affordable Housing Preservation
                                       rail to service the East Bronx from
                                                                                  and Production: New York City has
                                       Coop City through Hunts Point to
                                                                                  committed to investing $8.5 billion
                                       Grand Central Station.
                                                                                  to build or preserve 165,000 units
                                    •	 Inter-City: Rail and air transporta-       of affordable housing by 2014,
                                       tion facilities connect New York           and is now more than 75% of the
                                       City to other cities and the global        way toward achieving that goal.
                                       economy, and these strategic but           One major new development, at
                                       aging assets require a combination         Hunter’s Point South in Queens,
                                       of public and private investment,          will be the largest in the city since
                                       such as the state-sponsored rede-          the early 1970s. New York State has
                                       velopment of Moynihan Station              been an important contributor to
                                       and Delta Airlines’ investment in its      affordable housing initiatives in
                                       new terminal at John F. Kennedy            the city. These programs, which
                                       International Airport. Significantly       include opportunities for home
                                       more investment (such as high-             ownership, serve the mix of middle
                                       speed rail, and expanded and               and low-income households that
                                       modernized airports) is required,          is necessary to serve a diverse and
                                       however, to ensure New York City’s         growing population. Continuation
                                       continued economic competitive-            of both state and federal housing
                                       ness. A recent report from the Part-       aid is essential to the economic
                                       nership for New York City found            vitality of the region.
                                       that delays caused by congestion
                                                                               •	 Public and Federally Assisted
                                       at the three major airports cost the
                                                                                  Housing: The New York City
                                       regional economy almost $3 bil-
                                                                                  Housing Authority (NYCHA) is
                                       lion in 2008 and could reach $79
                                                                                  struggling to continue to provide
                                       billion by 2025. This issue will only
                                                                                  high-quality, safe public housing
                                       be addressed by federal invest-
                                                                                  for almost 600,000 mostly low-
                                       ment in the upgraded NextGen air
                                                                                  income residents as federal
                                       traffic control system, which is a
                                                                                  support declines. Utilization
                                       major priority of the region.
                                                                                  of excess vacant land that is
                                    2) HOUSING: Residential housing               owned by NYCHA to develop
                                    stock is a critical component of any          mixed-income units and provide
                                    city’s infrastructure, and ensuring that      additional revenues for the agency
                                    housing is available to a diverse array       should be a priority for the CFA
                                    of residents is crucial to a growing          pipeline. Beyond NYCHA, the city
                                    economy. Almost half of the permits           has more than 235,000 units of
                                    issued by the NYC Department of               housing developed with federal
                                    Buildings in the last three years have        low-income housing tax credits,
                                    been for affordable housing projects,         Section 8, Section 202 and other
                                    generating tens of thousands of jobs          forms of assistance. Many of
                                    and helping to keep the economic              these programs are under threat
                                    engine in the city running; all while         of termination, and subsidy
                                    providing housing for the workforce           contracts are expiring. The city
                                    that supports essential services and          and state need to collaborate with
                                    corporate operations. The regional            the private and nonprofit sectors
                                    council has concluded that funding            on new and expanded housing
                                    applications from the city are not            preservation and production
                                                                                  financing programs. The regional



24   NEW YORK CITY REGIONAL ECONOMIC DEVELOPMENT COUNCIL STRATEGIC PLAN
   council can provide a forum for          •	 Central Business Districts Outside           cooperation in the next generation
   this discussion.                            Manhattan: Major mixed-use                   of urban development.
                                               and commercial redevelopment
•	 MWBE Business Development:                  projects are in process or planned        4) DISTRIBUTION NETWORKS:
   New York City has worked hard               for Central Business Districts in         Moving goods efficiently into, out of,
   to maximize participation of                five boroughs, including the South        and throughout the five boroughs
   minority and women-owned                    Bronx and Fordham Road Corridor           is a critical regional economic
   development and construction                (Bronx), Downtown Brooklyn and            development priority.
   firms in its affordable housing             Coney Island (Brooklyn), Flushing,
                                                                                         •	 Cargo: Maintaining a robust port
   programs. Housing is one of the             Long Island City and Willets Point
                                                                                            and shipping industry is an im-
   few areas where MWBE firms have             (Queens), and Stapleton (Staten
                                                                                            portant strategic priority for the
   a significant share of procurement/         Island).
                                                                                            region. The planned expansion of
   development awards and it is one
                                                                                            the New York Container Terminal at
   that the regional council will work      •	 Neighborhood Shopping Strips:
                                                                                            Howland Hook in Staten Island and
   to expand through public-private            New York City has a vibrant net-
                                                                                            the redevelopment of a maritime
   partnerships and support to MWBE            work of 66 Business Improvement
                                                                                            and rail cargo network in Sunset
   project applications.                       Districts (BIDs) that provide criti-
                                                                                            Park, Brooklyn, are examples of
                                               cal services such as supplemental
3) COMMERCIAL REAL ESTATE:                                                                  needed investments in cargo
                                               public safety and sanitation and
While New York City currently has                                                           networks. There are also about
                                               business marketing and develop-
close to 450 million square feet of                                                         1,000 small cargo-related firms
                                               ment. The regional council will
commercial real estate space, 65%                                                           operating around John F. Kennedy
                                               meet with the BID Alliance on a
of the city’s Class A office space is                                                       International Airport, many owned
                                               regular basis to secure feedback on
more than 50 years old. Encouraging                                                         by minorities and immigrants. But
                                               the issues and needs of these criti-
the development and construction                                                            the tonnage that moves through
                                               cal local centers of small business
of new commercial real estate in all                                                        the nation’s busiest international
                                               activity. In addition, it will advocate
five boroughs is crucial to attracting                                                      airport is well below that of a half
                                               the formation of additional BIDs,
and retaining the businesses of the                                                         dozen other U.S. cities. There is an
                                               where beneficial to commercial
city’s future. Accelerating intergov-                                                       opportunity to expand cargo ca-
                                               corridors and surrounding com-
ernmental reviews and approval of                                                           pacity and export activity at the re-
                                               munities. It will also solicit ongoing
these projects, along with facilitating                                                     gion’s airports, consistent with fed-
                                               input into how regulatory relief
political and community support for                                                         eral and state goals for increased
                                               or enforcement can support their
their marketing efforts, will be a prior-                                                   exports. This is an area that the re-
                                               mission.
ity of the regional council. To that end,                                                   gional council should pursue with
the council will establish a marketing      •	 Strategic Projects: The Regional             ESD, with input from the Small
program with the major New York City           Plan Association, among others,              Business Development Center at
brokerage firms and senior executives          has proposed that New York State             York College. It has the potential to
in all sectors to support Governor             sell the out-of-date Javits Conven-          benefit the entire state.
Cuomo’s Open for Business campaign             tion Center property for new, alter-
                                                                                         •	 Food Networks: New York City’s
through identification and cultivation         native development and replace it
                                                                                            restaurants, supermarkets and
of prospective tenants, with a special         with a modern convention center
                                                                                            neighborhood markets rely on
focus on growth-sector industries              in Queens. There is significant ra-
                                                                                            access to affordable, fresh meat,
and employers that offer higher-wage           tionale for such an initiative, and
                                                                                            fish and produce, primarily via
jobs.                                          it is likely that the state could at-
                                                                                            the Hunts Point Terminal Market
                                               tract a private developer to build a
•	 Manhattan: Major new develop-                                                            in the Bronx. While the meat and
                                               convention center in the borough
   ment projects are in process in                                                          fish markets have benefited from
                                               where two of the region’s major
   Lower Manhattan at the World                                                             significant recent investments,
                                               airports are located. RPA is also
   Trade Center site and on the Far                                                         the Hunts Point Produce Market
                                               working on a smart-growth, trans-
   West Side of Manhattan at Hudson                                                         requires the development of a
                                               portation-based development pro-
   Yards. Together, these projects will                                                     modern facility to accommodate
                                               gram, with a pilot study underway
   add more than 15 million square                                                          its growth. There are also opportu-
                                               in East New York, Brooklyn. This
   feet of office space to the city’s                                                       nities to capitalize on the zoning
                                               approach has regional implications
   stock.                                                                                   and tax incentives created by the
                                               that could lead to cross-border



                                             NEW YORK CITY REGIONAL ECONOMIC DEVELOPMENT COUNCIL STRATEGIC PLAN               25
Eighty percent of the city’s carbon emissions comes from buildings,
making retrofitting of the existing building stock a necessity.




     New York City Council under the        Diversifying sources of energy and         council will seek to prioritize
     NYC Fresh Market Program. The          upgrading the transmission and             CFA funding allocated by the
     size of the food market in the city    delivery grids, while reducing the         New York State Energy Research
     creates many additional opportu-       carbon footprint, are priorities for       and Development Authority
     nities to develop the food industry.   public and private investment.             (NYSERDA), Public Service
     For example, there are several         Eighty percent of the city’s carbon        Commission (PSC) programs and
     projects for local business and        emissions comes from buildings,            other sources to help leverage
     workforce development in food          making retrofitting of the existing        these funds. This will accelerate the
     preparation and processing that        building stock a necessity. The city       implementation of pilot projects
     will directly benefit low-income       has passed the nation’s first green        that establish the underwriting
     communities. One proposal from         building code, which will mandate          and performance standards that
     the East Williamsburg Valley In-       that new buildings and larger              banks and investors require prior
     dustrial Development Corporation       existing buildings be upgraded             to major funding of green building
     would establish a new center for       to meet strict emission standards.         renovations and acceptance
     businesses preparing food for the      This will require new financing            of the savings assumptions
     retail market. Another, in Jamaica     mechanisms and incentives from             connected to new technologies
     Center, would involve construction     the private sector, utility com-           and other products. New York City
     of a new 70,000-square-foot super-     panies and government. CUNY’s              is also prepared to partner with
     market and 150 units of affordable     Energy Institute is among the local        a statewide team of universities,
     housing.                               institutions that are developing           led by Syracuse University,
                                            the new products that will partner         businesses and real estate industry
5) OTHER INFRASTRUCTURE                     with energy generators and dis-            leaders, to develop a statewide
                                            tributors to support this transition.      green buildings industry cluster,
•	 Water: New York City is currently
                                                                                       which draws upon the market
   building City Water Tunnel No. 3,
                                            The state’s role as a leader in green      opportunities and financing
   which will be the largest capital
                                            buildings will be reinforced by a          assets of the city in combination
   construction project in the city’s
                                            new financing entity created by            with research and manufacturing
   history. Construction began in
                                            the city in cooperation with several       capacity upstate.
   1970 and is expected to be com-
                                            financial institutions. The city has
   pleted by 2020, which will allow
                                            committed $35 million in federal        6) SUPPORTING HUMAN CAPITAL
   inspection and repair of City Tun-
                                            ARRA funds to capitalize the            DEVELOPMENT: Equally important as
   nels No. 1 and 2 for the first time
                                            New York City Energy Efficiency         physical infrastructure is investment in
   since they were put into service in
                                            Corporation (NYCEEC). NYCEEC            human capital. The quality of the local
   1917 and 1936, respectively.
                                            will develop innovative financial       labor force is the top consideration
                                            products that leverage private          of any employer that is considering
•	 Energy: New York City’s energy
                                            investment in retrofit of buildings,    locating or growing in New York City.
   infrastructure must be expanded
                                            installation of cleaner heat            The regional council sees a need to
   to accommodate a growing popu-
                                            infrastructure, and other energy        significantly scale up efforts to help
   lation with growing energy needs.
                                            efficiency upgrades. The regional       current and future workers increase



26       NEW YORK CITY REGIONAL ECONOMIC DEVELOPMENT COUNCIL STRATEGIC PLAN
their skills and knowledge, both for         Department of Education’s Career         planned model intended to
their own satisfaction and to meet the       and Technical Education (CTE)            both incubate entrepreneurs
needs of employers, as better quali-         high school partnerships with            and provide adult education to
fied workers attract companies and           numerous private employers; and          potential employees, combining
make those companies stronger. This          CUNY’s New Community College,            the demand and supply side
plan’s human capital development             which emphasizes employer and            of the labor market in a single
strategy will encompass the following:       other partnerships. Such initia-         community facility sponsored
                                             tives not only make education            by the Rockaways Development
•	 Redesign of curricula and train-
                                             more relevant to the labor market        Corporation. The regional council
   ing programs to match employer
                                             but actually enrich the quality of       can help connect these programs
   needs: The State Department of
                                             the student experience and even          to a broad base of employers,
   Education has considerable au-
                                             increase student engagement and          encourage coordination among
   thority to set standards for edu-
                                             retention.                               service providers, and ensure that
   cational and training programs
                                                                                      communities across the city are
   through certification and stan-           Queens Community House is                aware of how their students can
   dards requirements. The regional          one of a number of settlement            benefit from them.
   council will convene employers            houses that provides practical
   and educational and training in-          and innovative adult education        •	 Meet new needs in the healthcare
   stitutions to work with the state         programs in partnership with             industry: As the healthcare
   on identifying career pathways            small business employers in such         industry transitions from hospital-
   for working adults that provide           areas as food preparation and            based to community-based
   them with near-term credentials           service. Together with the Queens        primary care, opportunities
   for jobs as well as a route into col-     Economic Development Council,            emerge to participate in the
   lege degrees to support long-term         the Community House is also              healthcare services economy,
   career development. Industry-spe-         assisting immigrants to bring their      one of the few sectors of the
   cific initiatives, such as the private    business ideas to reality through        economy with a surplus of job
   foundation-supported “New York            skills training and information          openings and difficulty filling
   Alliance for Careers in Healthcare,”      about taxes, financing and other         them. In connection with President
   will ensure that workers have the         start-up resources. Micro-lenders        Obama’s Jobs Council, the hospital
   precise technical skills employers        such as Accion and Grameen               industry, SEIU 1199, the city and
   need. Proposals will be brought to        provide similar start-up counseling      state, the State University of New
   the State Education Department            and assistance. The Renaissance          York and CUNY are partnering on a
   and, as necessary, to the State           Center in Far Rockaway is another        program to accelerate training and
   Legislature for updating of existing
   accreditation and other require-
   ments.

•	 Support for industry/education
   partnerships: There are a number
   of initiatives to inform and im-
   prove job preparation and educa-
   tion programs that would benefit
   from recognition and support by
   the regional council. Examples
   include the New York Alliance for
   Careers in Healthcare, which uses
   philanthropic support to convene
   employers, unions, government
   and educational institutions;
   “Pathways in Technology” (P-Tech)
   Early College High School, jointly
   sponsored by IBM, CUNY, and
   the New York City Department
   of Education; the New York City



                                            NEW YORK CITY REGIONAL ECONOMIC DEVELOPMENT COUNCIL STRATEGIC PLAN         27
     placement, as well as to update         as the The Doe Fund, Inc. and the      “pick winners” or identify where the
     curriculum and credentialing            Center for Employment Opportu-         “next big thing” will come from, but it
     requirements in this rapidly            nities, which work with individuals    can help create the most conducive
     changing sector.                        who have criminal records. The         conditions possible to foster a culture
                                             Consortium for Workforce Educa-        of innovation.
•	 Expansion of Career Centers:              tion, a labor/community workforce
   New York City, via SBS, operates                                                 Innovation industries grow in clusters,
                                             services organization, allows for
   nine Workforce1 Career Centers,                                                  where entrepreneurs, venture capital-
                                             coordination through its citywide
   including three sector-specific                                                  ists, researchers and potential clients
                                             network, including, for example,
   centers focused on transportation,                                               are constantly interacting, exchanging
                                             its Bronx-based Center for Environ-
   healthcare and industrial jobs.                                                  ideas and drawing upon a concentra-
                                             mental Training, which works with
   These centers focus on skills                                                    tion of talent. Digital media is New
                                             local organizations to train and
   development, resume preparation,                                                 York City’s most advanced innova-
                                             place under-employed residents in
   interviewing skills and other                                                    tion cluster, with literally thousands
                                             the new jobs generated by green
   crucial elements of securing                                                     of young businesses. New York is
                                             building and energy efficiency
   employment. This year, the                                                       recognized as the global epicenter of
                                             investments. CUNY’s new U.S. De-
   centers are on track to connect                                                  the industry.
                                             partment of Labor-funded “Career
   unemployed and underemployed              Path” initiative will bring together   There are much smaller but promis-
   New Yorkers with 35,000 jobs,             colleges in all five boroughs and      ing nodes of cluster activity in life
   up from only several hundred              local employers with a focus on        sciences/biotech, clean tech, financial
   placements several years ago. To          career advancement and success-        technology, big data and advanced
   capitalize on this momentum,              ful transition to college for work-    manufacturing. A key premise of this
   SBS is opening 10 additional              ing adults.                            strategic plan is that these clusters
   Workforce1 “Express” Centers,                                                    must be nurtured collaboratively by
   primarily in community-based                                                     government, research universities, pri-
   facilities, such as libraries.         V. Fostering Innovation                   vate investors and corporate partners,
                                             and Inter-Regional                     if they are to flourish.
•	 Increase student preparedness for         Cooperation
   college and careers: As part of New                                              EDC has worked with universities,
   York City’s Graduate NYC! College      The history of New York City’s econ-      private investors, real estate owners
   Readiness and Success initiative,      omy is marked by constant reinven-        and the New York City Investment
   the City Department of Education       tion and transformation. Founded          Fund (the economic development arm
   and CUNY have committed to sig-        as a shipping and trading hub in the      of the Partnership for New York City)
   nificantly increasing high school      17th century, the city successfully       to put in place a program for support-
   and college graduation rates by        adapted to shifting economic trends       ing innovation clusters in a variety of
   the year 2020, and to ensuring that    to become a manufacturing hub in          growth industries. These programs
   high school students graduate          the 19th and 20th centuries, and a        aim to reduce barriers to entry and ac-
   much better prepared for college       professional and financial services       celerate growth. The regional council
   and careers.                           hub today. The city currently stands at   will seek to build on this solid founda-
                                          the precipice of yet another economic     tion for cluster-development, with a
•	 Coordinate and expand workforce        transformation, one in which science,     focus on expanding innovation cluster
   development activities: New York       technology, and engineering will play     development across all five boroughs
   City has a wide range of institu-      central roles.                            and tapping into the assets of all ten
   tions that support entrance into                                                 regions of the state. The council will
                                          The economy and jobs of the future
   work and the career advancement                                                  also seek to extend opportunities
                                          will increasingly come from research,
   of New Yorkers, particularly low-in-                                             for participation in the innovation
                                          development and other innovation-
   come and disadvantaged individu-                                                 economy to economically disadvan-
                                          driven activities. In order to maintain
   als. These range from local organi-                                              taged communities and MWBE firms.
                                          its leading economic position, New
   zations such as Brooklyn Workforce
                                          York City must become the hometown        The city’s program addresses three
   Innovations, to citywide groups
                                          of choice for the new and growth-ori-     fundamental needs for any innovation
   serving many populations, such as
                                          ented entrepreneurial businesses that     cluster: real estate, access to capital,
   F•E•G•S	Health	and	Human	Servic-
                                          will power the innovation economy         and availability of talent. The follow-
   es System, to those serving specific
                                          of the future. Government cannot          ing describes the current and planned
   disadvantaged populations, such



28      NEW YORK CITY REGIONAL ECONOMIC DEVELOPMENT COUNCIL STRATEGIC PLAN
activity in these key areas:                  is a top priority (330,000 square          provide clean tech manufacturing
                                              feet in the first tower are fully          operations that require vacant land
1) REAL ESTATE: Startup businesses
                                              rented). The growing demand                rather than pre-built space.
in emerging sectors require access
                                              for lab space in New York to
to affordable, specialized real estate                                                2) ACCESS TO EARLY STAGE
                                              accommodate research facilities
in proximity to other entrepreneurs                                                   CAPITAL: This year, New York City sur-
                                              of major pharmaceutical
and skilled professionals with similar                                                passed Boston as the second-largest
                                              companies from all over the world
interests and skills. Unfortunately,                                                  recipient of venture capital invest-
                                              is a function of a new business
the more a cluster grows, the more                                                    ment in the United States (after Silicon
                                              model in which corporations no
demand it puts on a scarce supply of                                                  Valley). Most of these funds were
                                              longer generate most of their
real estate, and the higher the cost. In                                              directed to companies in the city’s
                                              research activity internally. They
Silicon Valley, the real estate problem                                               “mature” digital media cluster.
                                              instead partner with academic
was solved by entrepreneurs building
                                              institutions, of which New York City
companies in their parents’ garages.                                                  •	 The EDC has partnered with a
                                              has the world’s most important
Few in New York City have that luxury.                                                   private venture capital firm to
                                              concentration. For example, Pfizer
The city has dealt with the real estate                                                  establish a $22 million early stage
                                              has formed a research partnership
challenge in the following ways:                                                         venture fund.
                                              with seven major medical research
•	 Incubators: The city has launched          institutions (Weill Cornell, NYU,       •	 NYC Tech Connect is a public-
   nine incubators that provide               Columbia, Mt. Sinai, Rockefeller,          private partnership, co-funded
   low-cost startup space to compa-           Memorial Sloan-Kettering, and              by the New York City Council, the
   nies: four in the tech sector (NYU         Einstein) to carry out joint projects      Partnership for New York City and
   Polytechnic in Lower Manhattan             to research and commercialize              the New York City Investment
   and DUMBO, General Assembly                products at the Alexandria                 Fund. It is a virtual incubator, pro-
   in Manhattan, Sunshine with So-            Center. Pfizer provided $75                moting entrepreneurial activity in
   Bro in the South Bronx); two in            million of financing. A genomics           the hard sciences, such as biotech,
   the food sector (East Harlem and           center is being developed                  engineering, material and physical
   Long Island City); one in media (55        largely with private financing by          sciences and clean tech. NYC Tech
   Broad in Lower Manhattan); one in          the universities with an initial           Connect introduces locally based
   fashion (Manhattan); and one for           commercial partnership with                researchers and entrepreneurs to
   the arts (Brooklyn Army Terminal).         Roche. These investments promise           sources of capital, talent and other
   Plans are in place for another food        to position New York as the global         resources needed to launch a suc-
   incubator in Central Brooklyn. In          capital of the next generation of          cessful company. Its experienced
   “hot” areas of Manhattan, private          developments in the life science           entrepreneur-in-residence works
   sector incubators for digital media,       and personalized healthcare                one-on-one with scientists and
   like the General Assembly, have            sectors.                                   researchers at the city’s universities
   taken over now that there is a lim-                                                   to help launch companies based
   itless pipeline of potential tenants.   •	 The Brooklyn Navy Yard has com-
                                                                                         on their research.
   The regional council will work with        mitments in place to develop a
   EDC to extend incubator activity to        new facility to anchor an advanced      •	 NYC Seed is a joint venture of
   other industries and communities.          manufacturing cluster in the city.         ESD, Polytechnic Institute of New
                                              The regional council recognizes            York University, the New York
•	 Bioscience Research Space:                 that this will be a transformative         City Investment Fund and EDC. It
   The city and state have jointly            project that positions the region          provides both seed funding and
   seed-funded the development                as a leader in the emerging clean          business development support
   of speculative commercial                  tech sector. It would offer built          to help tech sector entrepreneurs
   bioscience research space at the           space for clean tech companies,            build a product and launch their
   Alexandria Science Center in               several of which are lined up as           company. This year it launched a
   Manhattan and the BioBAT facility          prospective tenants. It would also         12-week summer program called
   at the Brooklyn Army Terminal              help generate cluster develop-             SeedStart that provided $20,000
   to encourage the development               ment, advancing plans for a green          in seed funding and corporate
   of a biotech cluster in New York           manufacturing zone on the West             mentors to digital media startups
   City. The build-out of the full one        Shore of Staten Island, as proposed        in fields such as advertising infra-
   million square feet at Alexandria          by SIEDC. This green zone would            structure, e-commerce, digital con-



                                            NEW YORK CITY REGIONAL ECONOMIC DEVELOPMENT COUNCIL STRATEGIC PLAN              29
                                                                                  •	 The city has committed public
                                                                                     property and a $100 million invest-
                                                                                     ment to support development of
                                                                                     a new applied sciences campus,
                                                                                     which may be located on Roos-
                                                                                     evelt Island, where development is
                                                                                     managed by a state authority. The
                                                                                     campus will greatly expand New
                                                                                     York’s academic applied science
                                                                                     and engineering capacity, attract
                                                                                     the entrepreneurs and innovators
                                                                                     who will start the businesses of the
                                                                                     future, and contribute to building
                                                                                     new tech sector industry clusters
                                                                                     in the region and across the state.
                                                                                     Designation of the university team
                                                                                     that will lead this effort is expected
                                                                                     before the end of the year. This
                                                                                     will be a priority project for the
                                                                                     regional council, which will seek
                                                                                     state support to expedite reviews
                                                                                     and approvals through a variety of
                                                                                     agencies and authorities.

                                                                                  In addition to these initiatives to
     tent, and mobile technology. Key      that will contribute to future
                                                                                  promote clusters in digital media, bio-
     to the project is the participation   economic growth. Columbia
                                                                                  tech, clean tech and applied sciences,
     of relevant corporate partners that   University is making a $6.2 billion
                                                                                  the New York City Regional Council
     can provide mentoring and access      investment in a 6.8 million-square-
                                                                                  sees unique opportunities to achieve
     to potential partnerships and sales   foot expansion of its campus in
                                                                                  leadership for the city and state in sev-
     opportunities. Expansion of the       northern Manhattan. New York
                                                                                  eral of the most important emerging
     SeedStart program under the aus-      University recently launched a
                                                                                  sectors of growth in the innovation
     pices of the regional council will    long-term strategic plan for growth
                                                                                  economy: advanced manufacturing,
     allow the program to serve entre-     in the City and is currently seeking
                                                                                  health information technology, finan-
     preneurs from the rest of New York    public approvals for a plan to
                                                                                  cial technology and “big data.” The
     State, who have particular diffi-     grow by 2 million square feet in its
                                                                                  regional council will seek to spread
     culty gaining access to capital and   Manhattan location over the next
                                                                                  innovation activity around the city by
     access to markets.                    25 years. CUNY recently opened
                                                                                  seeding new cluster hubs in areas that
                                           a new building for its Schools of
                                                                                  have lower-cost commercial space
3) TALENT: Attracting and retaining        Public Health and of Social Work
                                                                                  and can accommodate new residen-
innovators and big thinkers will help      in East Harlem. Fordham and IBM
                                                                                  tial and commercial development.
New York City regain its historical role   recently announced the creation
as the capital of American innovation.     of a new research center, called the   Advanced Manufacturing: Experts
The magnets for talent are the city’s      Center for Digital Transformation.     agree that the U.S. may once again
major universities and research insti-     Brooklyn College is exploring the      become globally competitive in
tutions and its international corporate    creation of a graduate technical       certain sectors of manufacturing. The
and financial headquarters, with           film school in partnership             Brooklyn Navy Yard is a model of the
today’s talent also increasingly being     with Steiner Studios, and the          type of industrial park that could be
attracted by the growing innovation        construction of Myrtle Hall by Pratt   developed in locations around the city
economy clusters.                          Institute has helped revitalize the    to accommodate high-tech and clean
                                           thriving commercial corridor on        manufacturing. The “onshoring” of
•	 New York City has a robust
                                           Myrtle Avenue in Brooklyn.             manufacturing jobs would be perhaps
   network of world-class institutions
                                                                                  the most transformational activity
   of higher learning, many of which
                                                                                  that New York State could hope to
   are making significant investments


30       NEW YORK CITY REGIONAL ECONOMIC DEVELOPMENT COUNCIL STRATEGIC PLAN
lead. One trend-setting company            headquarters for health IT software in       services for a range of scientific,
that is currently looking for such a       New York City and State. The vehicle         academic and financial tenants.
location is a 3D production facility       will be a Health IT Innovation Program       This major private investment was
in New York City. 3D printing offers a     (HIT), a 12-month accelerator program        attracted by the concentration of big
rapid prototyping service for design-      for early and mid-stage technology           data activity in New York, and the fact
ers, consumers and small to mid-size       companies. The program will select           that the company offers a lower-cost,
businesses. The capability of turning      up to twelve companies that are              better option for local companies that
out short production runs quickly at       developing technologies focused on           would otherwise use storage facilities
competitive cost is well suited to New     care plan management, analytics and          in other parts of the country. It signals
York City, with its abundant supply        patient engagement. Each company             an opportunity for the state and city
of talented designers, marketers and       accepted into the program will               to focus on “big data” centers as part
sophisticated consumers. This facil-       receive $500,000 from private venture        of the infrastructure that supports the
ity will offer a significant opportunity   sources.                                     next generation of activity in many of
to foster design, manufacturing and                                                     New York’s core industries including
                                           Financial Technology: The next
sales employment related to this                                                        financial services, business and
                                           generation of job growth in financial
cutting-edge technology. In addition,                                                   professional services and healthcare.
                                           services will be in the software and
early indications suggest that this
                                           technology solutions sector, partly
technology can spur innovation in                                                       Criteria for Transforma-
                                           driven by industry needs and partly
more traditional production methods
such as injection molding, and reduce
                                           by new global compliance require-            tive Project Selection
                                           ments established by governments
the cost of short-run manufacturing                                                     As part of the process of meeting as
                                           in the wake of the financial crisis. As
in these processes as well. There are                                                   a full council, meeting in working
                                           the world financial capital, New York
potential locations across the five                                                     groups with key stakeholders and
                                           City is positioned to lead in this sector.
boroughs and the ten regions of the                                                     hearing from the general public, the
                                           The New York City Investment Fund
state that could accommodate these                                                      council developed the following
                                           attracted 94 applications from start-
emerging companies and re-create                                                        criteria for identification of the priority
                                           up entrepreneurs around the country
the kind of skilled, manufacturing jobs                                                 projects outlined in this strategic plan.
                                           for the 12-week FinTech Innovation
that were the route into the middle
                                           Lab that it held last summer. Of these,      •	 Multi-region economic impact:
class for so many generations of
                                           six were chosen for an intensive                The growth industries of the future
Americans.
                                           collaboration with IT professionals             will be organized as multi-faceted
Health Information Technology:             from the city’s largest financial firms         clusters of mutually reinforcing
This is another statewide, inter-          to refine and test their products and           activities, ranging from university-
regional opportunity. Major New            for introductions to funding sources.           based research and product test-
York employers such as IBM and             All participating entrepreneurs (who            ing, to manufacturing or agricul-
GE are industry leaders in health          came from as far as Austin, Texas) are          tural production, to access to capi-
IT. New York institutions such as          committed to building their busi-               tal and, finally, access to markets.
New York Presbyterian, Montefiore          nesses in New York. The program is              The high costs, limited availability
and Maimonides are leaders in its          being repeated this year and is open            of real estate, and shortage of
application to the healthcare delivery     to entrepreneurs from across New                some types of skills (particularly in
system. Creation of an industry            York State. It is privately funded by the       engineering) make New York City
platform is being carried out by           New York City Investment Fund.                  uniquely well suited to fulfill some,
the nonprofit New York eHealth                                                             but not all, of the demands for
                                           Big Data: The Sabey Data Center
Collaborative (NYeC), a public-private                                                     creating a fully developed, world-
                                           is a West Coast company that has
partnership designated by the federal                                                      class industry cluster in sectors
                                           purchased a 20-story building
and state governments to advance                                                           such as energy efficiency, biotech,
                                           in Lower Manhattan, which it is
health IT in New York. They have                                                           food distribution, health IT, and
                                           converting into the most advanced
created a network for managing the                                                         advanced manufacturing. There-
                                           data management, modeling
electronic health records of health                                                        fore, New York City will identify
                                           and storage center in the city.
providers throughout the state and                                                         and prioritize in its strategic plan
                                           The company is focused on next-
will be looking for new software                                                           projects that have multi-regional
                                           generation biomedical research and
applications for this platform, with a                                                     dimensions. This will also serve to
                                           computational biology as well as
goal of using New York’s “first mover”                                                     boost the economic revitalization
                                           on providing low-cost, high-speed
position to establish the national



                                            NEW YORK CITY REGIONAL ECONOMIC DEVELOPMENT COUNCIL STRATEGIC PLAN                  31
New York City has a number of assets that position it for competitive
advantage in the innovation economy.




     of more economically depressed           business plan that indicates long-      Priority Projects
     regions of the state.                    term economic sustainability.
                                                                                      The council’s priority projects in this
•	 Relief of conditions of economic        •	 Measurable impact: Project plans        initial strategic plan are as follows:
   distress: As noted throughout this         must include projections of what
                                                                                      •	 Hunts Point Terminal Produce
   plan, New York City has the major-         they will contribute to economic
                                                                                         Market
   ity of New York State residents liv-       growth in terms of job creation,
   ing below the poverty line. Unfor-         investment, business revenue            •	 Expansion of the New York
   tunately, few short-term employ-           generation, community benefits,            Container Terminal
   ment solutions exist for people            cluster development or other in-        •	 CREATE @ Harlem Green
   living in poverty who lack the edu-        dices that can be monitored and            (Taystee Bakery)
   cation and skills required to qualify      measured.                               •	 Brooklyn Navy Yard Green
   for most of the good jobs available                                                   Manufacturing Center
   in the 21stcentury economy. Prior-      •	 Leveraging: Projects that seek
   ity for support will therefore go to       public funds must demonstrate           •	 Staten Island Green Zone
   projects that provide opportunities        the extent to which a state invest-     •	 NYC SeedStart
   for training and skills development        ment will leverage private and          •	 Applied Sciences Initiative
   and create improved opportunities          other public contributions, both
                                              directly to the project and indirect-   •	 International Convention and
   for communities and individuals in
                                              ly through the project’s multiplier        Exhibition Center
   conditions of economic distress.
                                              effects in the city and state.          Descriptions of priority projects for
•	 Transformative Role: Projects                                                      the New York City Regional Economic
   that receive priority in this plan      •	 Job creation: Only projects that        Development Council follow. It is also
   are those that are: 1) most likely         directly or indirectly create and/      the case that this plan will be updated
   to transform some sector of the            or retain jobs receive priority, with   and revised a number of times over
   city economy, by serving as the            special consideration for the qual-     the next five years, and there will
   catalyst for the launch, significant       ity of jobs as measured by wage         likely be additional opportunities to
   expansion or modernization of a            levels and benefits, permanence,        pursue funding to support projects.
   growth industry cluster; and/or 2)         and/or access to longer-term ca-        Therefore, the council plans to
   contribute to the resurgence of an         reer advancement opportunities.         develop and maintain a continually
   economically distressed commu-                                                     updated inventory of “pipeline”
   nity, and/or improve the quality of     •	 Innovation: New York City has a
                                                                                      projects that may become its priority
   life or expand opportunities for the       number of assets that position it
                                                                                      projects in the future. Such projects
   city’s lower-income populations.           for competitive advantage in the
                                                                                      may be identified in a number of
                                              innovation economy. Projects that
                                                                                      ways, including through the state’s
•	 Feasibility: Priority projects for         strengthen and build upon these
                                                                                      Consolidated Funding Application
   competitive funding must have              innovation assets (research uni-
                                                                                      process, through future opportunities
   committed financing, a clear time          versities, industry pioneers, early
                                                                                      for public comment to the council,
   frame for implementation, and a            stage investors, entrepreneurial
                                                                                      and through the council’s own
                                              networks) will receive priority.
                                                                                      research.



32      NEW YORK CITY REGIONAL ECONOMIC DEVELOPMENT COUNCIL STRATEGIC PLAN
HUNTS POINTS TERMINAL PRODUCE MARKET

UP TO $25 MILLION IN CAPITAL FUNDING
The Hunts Point Terminal Produce Market is New
York City’s premier intermodal produce transfer and
distribution facility. Opened in 1967, the produce
market occupies 105 acres within the Hunts Point Food
Distribution Center, one of the largest food hubs in the
world, where over 115 food wholesaling and processing
firms generate more than $3 billion in sales annually.
The produce market is operated by a cooperative of 46
produce wholesalers who supply over 60% of New York
City’s consumption of fresh fruits and vegetables, and        Private Funding
over 20% of the region’s consumption.                         The cooperative has committed to finance $160 million
                                                              of the project cost. The public sector is contributing
Inadequate and obsolete facilities, however, are              approximately $172.5 million through federal, state,
diminishing the market’s ability to supply affordable,        and city sources.
quality produce. Problems include insufficient storage
capacity, internal traffic congestion, limited food quality   Regional Economic Impact
protections, and deficient site infrastructure. There is      The market is an important food distribution center,
a comprehensive effort by the City of New York and            with over 20% of the region’s fresh produce moving
the Hunts Point Terminal Produce Market Cooperative           through the market.
to modernize the market’s facility and address each of
these issues.                                                 In addition, the market is currently a major distribution
                                                              channel for New York State produce, generating
First, current storage space in existing market facilities    approximately $50 million in sales annually. By
is insufficient. Tenants are utilizing approximately          providing higher food safety protections and reducing
600-1,000 diesel-powered refrigeration truck trailers         truck dwell time by half (from an average of six hours
(idling 24 hours a day) to store a significant portion of     to three hours), the market expects to attract new
their volume. The new facility will increase total storage    business and to increase the volume of goods sourced
capacity by 20%, allowing the wholesalers not only to         from producers in upstate New York.
eliminate the need for flex storage, but also to expand
their businesses, while improving air and food quality        Jobs Created
for residents and workers. Second, rail infrastructure        The project will retain approximately 2,000 permanent
and internal traffic circulation improvements will            full-time equivalent jobs at the Hunts Point Produce
improve air quality for the local community and region        Market (more than 60% of which are positions with
by increasing the volume of rail-based deliveries             membership in the local Teamsters union). This figure
and reducing truck time spent idling at the market.           does not include an estimated 600 indirect jobs that
Third, the new facility would be built to comply with         are directly supported by the Hunts Point Market or an
today’s food safety standards and impending food              additional 2,500-3,000 jobs that have access badges
safety regulations, resulting in higher quality fruits        to the site and regularly visit the market as a result
and vegetables for New York City and New York State           of their employment. The average annual wage is
consumers. Fourth, the new facility will be designed for      approximately $55,000.
LEED Silver certification and include energy efficiency
and storm water management measures for enhanced              The project will also create approximately 330
environmental sustainability.                                 construction jobs.

When completed, the market will include
approximately 800,000 square feet of refrigerated
warehousing space, a common rail receiving facility,
and loading areas for buyer trucks. The project is
expected to cost approximately $332.5 million.




                                          NEW YORK CITY REGIONAL ECONOMIC DEVELOPMENT COUNCIL STRATEGIC PLAN              33
     HUNTS POINTS TERMINAL PRODUCE MARKET (continued)

     Sustainability and Environmental impacts                      Project Milestones
     Approximately 600–1,000 diesel-powered refrigeration          The project design is under way, with full plans and
     trailers idle 24 hours a day as extra storage for fruits      permitting expected to be completed by the end of
     and vegetables. The redevelopment of the market               2012. Construction is expected to begin in fall 2013 and
     will eliminate this storage need and the emissions in         be completed by summer 2016.
     the surrounding community. In conjunction with an
     increase in rail utilization, the air quality improvements    Final Metrics
     generated by the new produce market facility are              •	 Over 2,000 direct jobs retained and approximately
     clear and demonstrable—for example, eliminating an               3,600 indirect jobs retained
     estimated 250 tons of nitrous oxide per year and 255          •	 Continued availability of high-quality produce at
     tons of carbon monoxide per year. These benefits are             competitive prices for New York State residents
     significant, particularly because of the project’s location
                                                                   •	 Significant emissions reduction of over 250 tons
     in the South Bronx, which experiences over 12,000 daily
                                                                      of nitrous oxide per year and 225 tons of carbon
     truck trips and has high rates of asthma.
                                                                      monoxide per year
     Under the proposed redevelopment plan, storm                  •	 LEED Silver building
     water quality will also be improved through State
     Department of Environmental Conservation-approved
     manufactured treatment devices, including catch
     basins, water quality units, and new pipes. Additionally,
     opportunities to incorporate green roofs, storm water
     cisterns, and grey water systems are being explored,
     which would enhance the sustainability of this new
     facility.
     Finally, the project will be designed to LEED Silver
     standards.




     EXPANSION OF NEW YORK CONTAINER TERMINAL

     NO FUNDS SOUGHT—EXPEDITED REVIEW                              facility and reduce its economic competitiveness in
     NEEDED                                                        relation to other container terminals in the region and
                                                                   in other East Coast cities.
     Howland Hook Marine Terminal is located along the
                                                                   New York Container Terminal (NYCT) operates Howland
     Arthur Kill on the northwest corner of Staten Island.
                                                                   Hook under a sublease with the Port Authority of
     At approximately 200 acres, Howland Hook is the
                                                                   New York and New Jersey (PANYNJ). NYCT is working
     largest container terminal in the State of New York,
                                                                   in partnership with the city and the Port Authority
     handling more than 500,000 container lifts per year
                                                                   to develop a 38 acre berth adjacent to the existing
     and supporting 560 full-time jobs. Current lift numbers
                                                                   terminal. The “Berth 4” expansion will allow Howland
     at the city-owned property are projected to exceed
                                                                   Hook to become the first New York terminal to handle
     the sustainable practicable capacity of the facility by
                                                                   deep draft (50’) Post-Panamax vessels. Berth 4 is
     2017. This occurred in 2008 and 2010 at the terminal,
                                                                   designed to complement and more fully utilize the
     and is not sustainable in the long run. Additionally,
                                                                   deepened Arthur Kill federal ship channel currently
     the terminal does not have the capacity to handle the
                                                                   being dredged by PANYNJ and the U.S. Army Corps
     large vessels expected to be deployed by shipping lines
                                                                   of Engineers at a shared cost of approximately $160
     after the expansion of the Panama Canal in 2014. The
                                                                   million. Annual throughput at the terminal would
     inability to meet this demand will stifle growth of the




34      NEW YORK CITY REGIONAL ECONOMIC DEVELOPMENT COUNCIL STRATEGIC PLAN
EXPANSION OF NEW YORK CONTAINER TERMINAL (continued)

be increased by 800,000 lifts, a 55% increase over
current levels. In addition, the terminal will efficiently
and effectively be able to handle nine rather than six
vessels a week.
The council seeks to have the Berth 4 expansion on
a prioritized list for review by the New York State
Departments of Environmental Conservation and State.
It should be noted that the project is currently on hold
pending the resolution of issues related to the recent
Port Authority toll increase. It is expected that the
project will progress once a means is found to offset
the toll increase on trucks that utilize Howland Hook.

Private Funding
The $489 million cost of the project is being funded by
the Ontario Teachers’ Pension Plan. The pension plan is      the ability to provide service directly from Asia and
seeking an equity partner, most likely a major shipping      other markets, has driven the recent growth of the Port.
line, to complete the financing package.                     The widening of the Panama Canal in 2014 will result
                                                             in an increase of numbers of larger vessels in the Port
Job Benefits                                                 of NY-NJ. This expansion is necessary because if these
In 2008, the Port of NY-NJ supported 165,000 direct          larger vessels cannot be accommodated in New York,
jobs to the region. These workers earned more than           other ports outside New York (e.g., Baltimore, Norfolk)
$11.2 billion in wages and generated almost $36.1            will handle them, resulting in additional trucks coming
billion in business income and more than $5 billion in       to the region.
federal, state, and local taxes.
The terminal is currently the largest industrial             Economic Feasibility
employer on Staten Island with 555 full-time                 Economy of scale is a major driver in the container
employees (384 live on Staten Island). In 2010, these        service industry. An increase in the size of ships, which
workers earned close to $60 million in wages with            allows the transport of a larger volume of containers,
hourly wages ranging from roughly $20 per hour to            drives down the cost to transport a container. The
more than $50 per hour.                                      trend towards increasingly larger vessels is a result of
                                                             increased global and national reliance on container
The creation of Berth 4 will result in 200 full-time         shipping.
equivalent positions on the terminal and over 2,500
total direct on- and off-terminal full-time equivalent       In addition to handling larger vessels, overall demand
jobs inside and outside of New York City. The proposed       is projected to increase in the Port of NY-NJ. Between
action would increase the number of jobs at the              2002 and 2010, mean annual growth rate in container
terminal by approximately 28%.                               trade through the Port of NY-NJ was 4.74%, the second
                                                             highest growth rate among ports on the East Coast.
Regional Significance                                        For the years 2011 through 2019, the Port Authority
The port facilities in New York harbor handle a broad        has projected that container volume will grow at
range of product and commodities. The largest share          a compound annual growth rate of 3.6%. At this
of goods imported by container terminals such as this        growth rate, the port would experience more than a
one comprises furniture and a wide range of apparel          150% increase in demand by 2020. These projections
products. The largest export sectors include paper,          of growth in U.S. container volumes remain strong
automobiles, metals and household goods. The huge            despite recent recessionary conditions.
domestic market in the city and the region, as well as




                                          NEW YORK CITY REGIONAL ECONOMIC DEVELOPMENT COUNCIL STRATEGIC PLAN             35
     EXPANSION OF NEW YORK CONTAINER TERMINAL (continued)


     Sustainability                                            At the state level, the following permits are required:
     By moving more goods by water, the new capacity
                                                               •	 NYSDEC Protection of Waters Permit
     at Berth 4 will eliminate up to 55 million annual truck
     trips that could be generated if ships are diverted to    •	 NYSDEC Tidal Wetlands Permit
     other East Coast ports.                                   •	 NYSDEC Section 401 Water Quality Certification
     The project will also rehabilitate a brownfield site      •	 NYSDEC Stormwater General Permit
     for economic development. By revitalizing and             •	 Waterfront Revitalization Act/Coastal Zone
     cleaning up the Berth 4 site and possibly creating           Consistency/Waterfront Revitalization Program
     and enhancing new wetlands nearby, developing             •	 New York State Office of General Services Permit
     new parkland, and improving traffic flow, the
     Berth 4 project could potentially improve property        At the federal level, the following approvals are
     values in these under-utilized sites and in adjacent      required:
     communities.
                                                               •	 United States Army Corps of Engineers (USACE)
     Under the recommendations of the Port Authority’s            Section 404 Permit
     Green Ports Program, the project includes clean air
                                                               •	 USACE Section 10 Permit
     improvements by using zero-emission equipment and
     shore power capability. (Shore power capability means     •	 Compliance with the Marine Protection Research
     that ships turn off their engines while docked, thus         and Sanctuaries Act (1972)
     cutting levels of particulates and ozone-producing
     gases.) By using alternative fuels, the project will      The current project schedule includes the following
     generate fewer onsite emissions.                          milestone dates:

     Timing and Permitting Requirements                        •	 Commence ULURP by Fall 2012
     A project of this size and complexity requires a          •	 Complete environmental review by Fall 2012
     number of approvals from local state and federal          •	 Complete ULURP by Summer 2013
     entities. These approval processes represent some
                                                               •	 Construction contract by Fall 2013
     of the longest lead times before the project can
     break ground and begin delivering its economic            •	 Complete DEC permitting by Fall 2013
     benefits. The proposal has been designed to limit the     •	 Groundbreaking Fall 2013
     potential impact the project would have on adjacent       •	 Project completion by 2017
     wetlands. These impacts and mitigation measures are
     being evaluated in the Draft Environmental Impact
     Statement for the project.
     At the city level, the following approvals are needed:
     •	 Disposition of Land
     •	 Amendments to the City Map
     •	 Filling of Land
     •	 Development Within a Railroad Right-of-Way

     Given the above discretionary actions, the proposed
     action is also subject to review pursuant to the city’s
     Uniform Land Use Review Procedure (ULURP).




36      NEW YORK CITY REGIONAL ECONOMIC DEVELOPMENT COUNCIL STRATEGIC PLAN
CREATE @ HARLEM GREEN (TAYSTEE BAKERY)


$10 MILLION IN EXCELSIOR TAX CREDITS
CREATE @ Harlem Green, being developed by Janus
Partners LLC and Monadnock Construction, Inc., will
revitalize and physically transform the former Taystee
Bakery Complex, an underutilized space, by creating a
state-of-the-art commercial building, while preserving
the façades of the original buildings, where feasible.
The building will have entrances on both 125th and
126th Streets, with a pathway from 125th Street lead-
ing to an open courtyard on 126th Street, and will in-
clude ground-floor uses that activate the streetscape.
When completed, the $100 million development will            Jobs Created
include 100,000 square feet of manufacturing space,          In addition to a projected 510 construction jobs, it is
90,000 square feet of office space, 40,000 square feet       estimated that the project will create 440 permanent
of retail space, and 10,000 square feet of community         jobs with a weighted average wage of approximately
facility space. The project will target a broad range        $83,000 per year.
of manufacturing, commercial, retail and commu-
nity facility uses, including small manufacturing and        Economic feasibility
artisanal enterprises; building and crafts skill training;   The project includes a mix of uses that are highly de-
theater and rehearsal space for nonprofit users; an          sired and has already secured letters of interest from
art/design/tech freelance work center; nonprofit art         potential tenants included Green Point Manufacturing
studios; office headquarters; a bank ATM center; a res-      and Design Center, 3rd Ward, Harlem Brewery, Vibe,
taurant and culinary institute; a figure skating training    Carver Federal Savings Bank, HerFlan, Surroundings
rink and related classrooms; a microbrewery/taproom/         Flowers & Events, SPiNGalactica and Metro NY storage.
brew pub; museum; wholesale bakery and food sales;
self-storage; and underground parking.                       Sustainability
                                                             The project will reuse existing materials and will be
Regional Economic Impact                                     LEED certified.
The project will target manufacturing, commercial,
and retail and community facility users, especially          Timing
locally based enterprises looking to expand, in a            •	 Planning/design begins: January 2012
neighborhood where market rents remain relatively            •	 Design and permitting complete: December 2012
low. It will provide much-needed affordable industrial
and manufacturing space that will help retain and            •	 Construction start: March 2013
expand the city’s industrial base. It will transform a       •	 Construction completion: December 2014
long-abandoned property into a central business and
job creation center for the low-income neighborhood          Private Funding
of Harlem. It will revitalize this area with a sustainable   The project is expected to leverage about $70 million
project that represents a large private investment in        in private funding.
this community.




                                          NEW YORK CITY REGIONAL ECONOMIC DEVELOPMENT COUNCIL STRATEGIC PLAN           37
     BROOKLYN NAVY YARD GREEN MANUFACTURING CENTER


     UP TO $10 MILLION IN CAPITAL FUNDING
     The Brooklyn Navy Yard Development Corporation
     (BNYDC) is developing the Green Manufacturing
     Center (GMC), a shovel-ready project in the Brooklyn
     Navy Yard that encompasses the complete renovation
     and reuse of a complex of connected industrial
     buildings that formerly housed machine shops for
     the Navy’s ship-building operations. The combined
     buildings create a 215,000-square-foot manufacturing
     complex, which will be renovated into a LEED Silver
     building targeting green design and manufacturing
     tenants. The complex includes approximately 160,000
     square feet of ground floor space with approximately
                                                                  Regional Impact
     60,000 square feet of upper floor and mezzanine
                                                                  The Brooklyn Navy Yard is widely recognized as a
     space. This project will transform a vacant and
                                                                  national model for sustainable industrial urban job
     deteriorating historic building situated in the heart
                                                                  creation. A recent study by the Brookings Institution
     of a thriving industrial campus into an active center
                                                                  and Pratt Institute, calling for a refocusing on urban
     for good-paying, green jobs. The project will leverage
                                                                  manufacturing, highlighted the Navy Yard as a model
     $27.5 million of private financing for the base building
                                                                  for replication. The Brooklyn Navy Yard is a thriving
     renovation and an estimated $20 million for tenant
                                                                  hub for growing industrial sectors in New York City,
     fit-out and equipment.
                                                                  especially green manufacturers, and is a model for the
     BNYDC is in discussion with several businesses to lease      adaptive reuse of former military facilities. The GMC
     large sections of the building. The likely anchor tenant     will extend that track record of success and provides
     is an existing Navy Yard tenant, Crye Precision. Crye        an additional opportunity for expanded green design
     would consolidate four existing yard locations (60           and green manufacturing at the yard, as well as in the
     jobs) and its New Jersey operations (25 jobs) into an        city and state.
     approximately 85,000-square-foot wing of the GMC.
     Crye expects to add at least 50 new jobs over the next       Jobs Created
     five years. Crye is separately applying for state Excel-     The Brooklyn Navy Yard comprises 275 tenants
     sior tax credits to make its expansion and relocation        employing 5,800 people. With the $10 million
     possible. Crye is one of the premier designers and           requested from the regional council, BNYDC can
     manufacturers of uniforms, Kevlar vests and other            complete the financing and construction for the GMC,
     body armor for various branches of the U.S. military,        which it will then lease to multiple tenants who will
     the British Special Forces and the Australian military. It   employ an estimated 300 full-time workers.
     is also developing a line of commercial clothing using       The majority of the 5,800 people who work in the Navy
     recycled materials.                                          Yard today are Brooklyn residents. One-third come
     The Navy Yard has been 98% leased for nearly 10 years        from the surrounding communities and a vast majority
     and currently has a waiting list of 100 businesses eager     come from the five boroughs.
     to locate or expand in the yard. BNYDC is confident          Studies indicate that industrial jobs pay 25-40% more
     that the balance of the GMC space would be leased            than service-sector jobs, resulting in more stable and
     once the project is a reality.                               sustainable communities. As landlord, BNYDC does
                                                                  not require its tenants to provide wage information.




38      NEW YORK CITY REGIONAL ECONOMIC DEVELOPMENT COUNCIL STRATEGIC PLAN
BROOKLYN NAVY YARD GREEN MANUFACTURING CENTER (continued)

However, Crye has shared its wage ranges for various        Economic Feasibility
job categories with BNYDC: $30,000 per year plus            Based on market rents for large ground-floor tenants
benefits for manufacturing jobs and up to $90,000           of $10-$12 per square foot, the building can support
per year plus benefits for research and development/        approximately $27.5 million of debt, which has
product design jobs.                                        already been financed through a loan from the New
                                                            York City Regional Center. That creates a capital
Private Funding                                             budget gap of approximately $18.5 million.
The GMC project budget is approximately $46 million,
which includes all new base building systems, a new         To close that gap, BNYDC has received capital
roof, floor, foundation, windows, walls and base build-     commitments from the following sources:
ing infrastructure. (Cost estimates by the construction
                                                            •	 $1 million: ESD
manager, Plaza Construction, are based on 100%
construction documents.) The project will leverage          •	 2.5 million: Federal Economic Development
$27.5 million of private financing for the base building       Administration
renovation and approximately $20 million for tenant         •	 $5 million: City Council over the next two fiscal
fit-out and equipment.                                         years

Project Timing                                              BNYDC received a capital commitment of $15 million
The GMC is shovel ready; BNYDC has complete con-            from the New York State Senate in October 2009, of
struction documents and its construction manager,           which $5 million has been received and expended
Plaza Construction, is ready to begin the renovation        on a separate project. The balance of the funding
as soon as project financing is in place. To further pre-   commitment, $10 million, was to be used to close the
pare the site for full construction, BNYDC has begun        funding gap on GMC. Since the Senate’s 2010 change
asbestos abatement and selective demolition. The            in leadership, BNYDC has been unable to draw down
renovation will take approximately 18 months from           these funds.
the start of substantial construction.




STATEN ISLAND GREEN ZONE

$1,000,000 IN EXCELSIOR JOBS PROGRAM                        legislation to recognize the Green Zone at the city,
TAX CREDITS                                                 state, and federal levels. Activities to date also include
                                                            applying for Brownfield Opportunity Area (BOA)
In 2008, SIEDC launched an initiative to increase the       grant, holding a successful Green & Clean Expo in
economic vitality of the borough’s West Shore called        March 2011, being selected as a Qualified Vendor
the Staten Island Green Zone. The SIEDC has proposed        for Brownfield planning through the New York City
tax and financial incentives for companies interested       Office of Environmental Remediation (NYCOER), and
in relocating to this proposed green industrial corridor    receiving a technical assistance grant for BOA planning
and for those who “green” existing businesses within        and being named to the BOA steering committee
the zone. While this effort has gained significant          through NYCOER.
momentum, the SIEDC still requires assistance from
                                                            Most recently, SIEDC was awarded a $120,000
the State of New York.
                                                            grant by the United States Economic Development
The SIEDC has five companies committed to relocating        Administration to retain a consultant to plan the
to the Green Zone, including New York Fragrance,            Green Zone and received permission from EDC to
EnergyPro Insulation, Deepwater Wind, WWC                   market a three acre parcel of City-owned vacant land
Corporation, and Faztec Industries. It has submitted        within the Green Zone. While these achievements




                                         NEW YORK CITY REGIONAL ECONOMIC DEVELOPMENT COUNCIL STRATEGIC PLAN              39
     STATEN ISLAND GREEN ZONE (continued)

     and tactics have garnered significant attention for the                                     Job Creation
     Green Zone, the project needs access to tax credits in                                        The five companies
     order to become financially feasible and attractive to                                        initially planning to
     companies considering relocating to Staten Island.                                            locate within the
                                                                                                   Green Zone expect to
     Regional Significance                                                                         create 115 new jobs
     The Green Zone, on the West Shore of Staten Island,                                           within the first two
     has a full complement of freight rail and maritime ac-                                        years of operation.
     cess for the transport of industrial materials. It offers                                     These will be a range
     a centralized node for production and the transporta-                                         of full-time positions
     tion of materials due to its location within the New                                          in driving, sales and
     York metro region and its proximity to the rest of New                                        customer service,
     York City, as well as direct access to industrial areas of                                    bookkeeping and other
     New Jersey.                                                                                   administrative, as well
                                                                  as executive positions, and will pay from $25,000 to
     Project Build-Out                                            $100,000 annually. In addition, the five companies
     Due to the sheer size and the extended development           project at least 50 temporary construction positions.
     process of the plan, the SIEDC has initially chosen to       By Spring 2014, there should be 500 new jobs within
     focus on a limited number of key development sites.          the Green Zone.
     There are over 1,100 acres of vacant land within the
     Green Zone. This land includes potential industrial          Private Funding
     space as well as potentially active waterfront space.        The five companies initially committed to locating in
     SIEDC has cataloged each parcel and has made an              the Green Zone will contribute at least $16.5 million
     effort to assess the development options at each             in private capital toward construction and relocation
     site. One example is the “River Road” area, within           expenses.
     which SIEDC is marketing a three acre vacant site for
     development by a private clean tech company.                 Sustainability
                                                                  The project will improve environmental sustainability
     The Green Zone has over 300 acres of waterfront
                                                                  of the site through significant brownfield remediation,
     land. In 2012, SIEDC will be launching a program
                                                                  reclamation of currently unused waterfront sites, and
     to compliment the Green Zone effort called the
                                                                  through the use of maritime and rail freight that will
     “Waterfront & Brownfield Reclamation Project.” SIEDC
                                                                  result fewer trucks on the road. WWC Corporation’s
     has begun developing outreach and marketing
                                                                  manufacturing and distribution facilities will be LEED
     strategies for this initiative and the Parsons
                                                                  certified. Deepwater Wind will be operating produc-
     Brinkerhoff Green Zone study is developing a strategy
                                                                  tion and support facilities for a planned 1,000 MW
     for increasing the viability of contaminated and
                                                                  offshore wind farm.
     underused waterfront parcels. One site of critical
     importance for this portion of development is the
                                                                  Timing and Implementation Plan
     Rossville Municipal Site (33 acres with 2000 feet of
                                                                  New construction for the first phase of the Green Zone
     active dock space), which was released for bid by EDC
                                                                  is projected to be completed and all five companies
     in November 2011.
                                                                  onsite by Spring 2014. Development of the full 1100
                                                                  acre Green Zone will take place over a period of several
                                                                  years.




40      NEW YORK CITY REGIONAL ECONOMIC DEVELOPMENT COUNCIL STRATEGIC PLAN
NYC SEEDSTART VERTICAL ACCELERATOR PROGRAM


$550,000 OPERATING SUPPORT FROM ESD
GENERAL PURPOSE FUNDS

                                                                 NYCSeedStart
                                                                                                                    SM

NYC SeedStart is a 12-week competitive start-up
accelerator program that provides $20,000 in seed
funding to start-up companies in New York-based
innovation industries. NYC SeedStart provides
temporary office space, money and mentorship to          City, it is a unique training ground for entrepreneurs
the most promising ten companies that apply to           regardless of their ultimate residence. The program
the program in exchange for a small piece of equity      will introduce the teams to the broad New York
(5%). The program also introduces entrepreneurs to                            community, including
                                                         City start-up/techNYCSeedStart venture
                                                                                                   SM




investors for purposes of securing additional funding    capitalists and angel investors, executives at start-
at the end of the program.                               ups and larger companies, service providers such as
                                                         bankers and lawyers, and other backers. There will
Key topics addressed by NYC SeedStart include:
                                                         also be significant peer-to-peer learning built into the
1. Technology—Building a company on a shoestring;        program. Once this network is established, even if the
   figuring out when “good enough” is enough;            teams do not remain in New York City, they will be able
   developing technology in phases                       to take the knowledge and networks with them. This
                                                         will contribute to building statewide clusters in the
2. Management—The right hires; leading a team of
                                                         targeted verticals.
   people; marketing and sales
3. Funding—Pitching investors; the right questions to    Each cycle of the program ends with a “demo day,” at
   consider regarding capital structure                  which start-ups present their companies to a group
4. Legal—Employee and investor compensation;             of angel investors, venture capitalists and potential
   intellectual property                                 strategic investors.

Vertical Programs                                        Investment Capital and Operating Expenses
A major advantage of NYC SeedStart is that each          Over the course of five years, NYC SeedStart will
program is focused on a particular vertical (such as     launch 200 companies and provide $4 million of
media or enterprise software), so that experienced       private-sector capital. All investment capital will be
mentors and corporate partners are aligned with          raised from the private sector, from value-added ven-
the startups. By involving mentors from the venture      ture investors interested in participating in the vertical
capital and start-up world as well as executives from    markets SeedStart is addressing.
large companies, a full complement of guidance and       To the extent companies “graduating” from SeedStart
marketplace feedback is offered in a single program.     raise follow-on capital from private sector investors,
Key industries targeted by NYC Seedstart will include:   New York State could provide matching seed funding
                                                         from its recently enacted $25 million seed fund (on
•	   Enterprise Software                                 either a 1:1 or 1:2 basis) and/or allocate Excelsior tax
•	   Fashion/e-Retailing                                 credits.
•	   Education/e-Learning
•	   Healthcare IT                                       NYC Seed, which operates this program, is a seed fund
•	   Media                                               established by the New York City Investment Fund,
•	   Programmable Hardware                               NYU Polytechnic Institute, and NYS NYSTAR/ESD. Fund-
                                                         ing is being requested to ramp up the 12-week Seed-
Spreading Knowledge                                      Start summer program so that is can be offered four
Under this expanded program, NYC SeedStart will          times during the year and include up to twenty entre-
recruit entrepreneurs from across New York State.        preneurs from other regions of New York State. NYC
Because of the critical mass of activity in New York     SeedStart’s current overhead expenses are covered by
                                                         private-sector sponsors and philanthropic funds.




                                        NEW YORK CITY REGIONAL ECONOMIC DEVELOPMENT COUNCIL STRATEGIC PLAN               41
     APPLIED SCIENCES INITIATIVE

     NO FUNDS SOUGHT
     Applied Sciences NYC is New York City’s unparalleled
     opportunity to build or expand a world-class
     applied sciences and engineering campus in the
     city. The Applied Sciences NYC initiative is designed
     to capitalize on the growing expertise in the
     science, technology and research fields from every
     major sector of the city economy. The initiative
     was undertaken by the city after hundreds of
     conversations with local business leaders, civic leaders,
     entrepreneurs, venture capitalists and community
     leaders over the last several years. A common theme
     emerged: even with the high quality and quantity
     of research and development activity taking place           start the businesses of the future and more of the tal-
     in New York City today, the city needs to promote           ent those businesses will need to grow and compete
     more such activity and home grown talent if it              in the global economy.
     hopes to capture a bigger share of growth industries
     in the coming decades. New York City is seeking             The project’s New York City location will allow for
     to dramatically expand its capacity in the applied          synergy with the existing regional academic cluster
     sciences to maintain its global competitiveness and         and the existing upstate corporate R&D facilities. The
     create jobs.                                                city and state have some of the leading engineering
                                                                 and science academic programs, and there are over
     The city launched Applied Sciences NYC earlier this         100 academic institutions within 100 miles of New
     year, issuing a challenge to top institutions from          York City. Just as significant, New York State is a leader
     around the world to propose a new/expanded applied          in research and development (R&D): it is home to over
     sciences and engineering campus in New York City.           20 major research centers and attracts over four times
     The city offered to provide city-owned land, a seed in-     the national average in total federal R&D funding. In
     vestment of up to $100 million in city capital, and the     September, a $4.4 billion investment in nanotechnol-
     goverment’s full support. As a result, the city received    ogy research by a consortium including Intel, IBM,
     7 proposals from 17 outstanding institutions from           Samsung, Global Foundries and TSMC was announced
     three states and four countries. The final selection of     by Governor Cuomo, signaling the ongoing impor-
     the city’s partner university will be made by the end of    tance of the region in R&D.
     2011.
                                                                 Project Build-Out
     Regional Significance                                       The first phase of the project is expected to be
     Applied Sciences NYC has the potential to help              built out over the next five years and measure at
     significantly diversify New York’s economy. New York        least 250,000 square feet. Over time, the project
     is already a global capital of financial and professional   will continue to expand with a full build-out
     services, media, entertainment, publishing, sports,         expected to create more than 2 million square feet
     fashion, and numerous other strategically critical          of new development. The project will comprise a
     industries. But in order to remain the engine of the        mix of typical academic uses, such as classrooms,
     state’s and the country’s economy, New York must            laboratories, faculty offices, and conference rooms,
     position itself to outperform in the innovation-            which will be the core of the applied science activity. It
     and research-driven industries that will create the         may additionally include dormitories, faculty housing,
     businesses and the jobs of the future.                      ancillary retail, and/or commercial space for incubators
                                                                 or other research and product development for
     Expanding academic applied science and engineering
                                                                 practical applications.
     capacity will attract more of the innovators who will




42      NEW YORK CITY REGIONAL ECONOMIC DEVELOPMENT COUNCIL STRATEGIC PLAN
  APPLIED SCIENCES INITIATIVE (continued)


   Job Creation                                                 Private Funding
   Over the coming decades, this initiative is estimated        The first phase of the project is expected to generate
   to create nearly 30,000 permanent and construction           private investment of at least $250 million with an
   jobs for New Yorkers across a wide range of skills, with     eventual full-build representing $1 billion-$2 billion
   the construction portion of the project accounting           in private investment.
   for approximately 7,700 jobs.
                                                                Sustainability
   The new or expanded campus could host thousands              Respondents have been encouraged to incorporate
   more faculty and students conducting advanced                sustainable technology and achieve LEED Silver
   applied sciences and engineering research in the             certification in their proposals.
   heart of America’s largest city. It is expected that a
   wide range of jobs will be created at the project:           Timing and Implementation Plan
   faculty, researchers, stipend Ph.D. positions, campus        Responses to the RFP were due on October 28, 2011,
   administrators and support staff, facility managers          and the city anticipates designating a winner by the
   and maintenance personnel, retail managers and               end of 2011. Over the course of 2012 and 2013, the
   staff, and food service positions, amongst others.           designated institution, in partnership with EDC and
   Salaries for full-time positions at institutions typically   the city, will seek key public approval and will con-
   range from over $100,000 per year for faculty to             tinue to advance the design and operations plan for
   $30,000-$40,000 for campus staff. Stipends for               the project. If the project is located on a city-owned
   Ph.D.s range from $20,000-$30,000. In addition, it           site, it is anticipated that the ground lease and other
   is expected that ancillary retail and other uses will        key agreements will be executed by the fall of 2013.
   create numerous hourly wage jobs.
                                                                Phase 1 groundbreaking is expected for late 2013/
   The city estimates that over time as many as 400             early 2014.
   new companies will spin off as a result of New York
   City’s expanded innovation capacity. This secondary
   job creation could have an even larger impact on
   the city’s economy. Combined with the project itself,
   over $6 billion in economic activity is expected to be
   generated over the next 35 years.




INTERNATIONAL CONVENTION AND EXHIBITION CENTER IN QUEENS

NO FUNDING SOUGHT                                               square feet of exhibition and meeting space, 3,000 hotel
                                                                rooms and 14,000 car parking spaces. The project would
Queens offers the city’s most appropriate location for          require accessibility to JFK and LaGuardia airports, and
a new international convention and exhibition center,           to the city’s mass transit system. The project would use
with accompanying hotel accommodations, which will              union labor for construction and operation of the facility.
add an important new destination for the city’s tourism         This convention and exhibition center could begin
industry. A full build out of such a facility will exceed       construction within 24 months of public approvals, and
3.8 million square feet of new development. The total           be developed in phases, potentially with completion of
private investment would be $4.5 billion, including a           the entire project by 2016.
2.6 million square foot convention center, over 1 million




                                             NEW YORK CITY REGIONAL ECONOMIC DEVELOPMENT COUNCIL STRATEGIC PLAN               43
Priority Actions                           •	 Taxes and Fees that impact costs of
                                              doing business.
                                                                                    •	 Workforce Development: broader
                                                                                       access to wage record data; reform
The regional council has identified                                                    of credentialing requirements.
                                           •	 Business Development and
legislative and regulatory actions
                                              Support: assistance for Minority      •	 Economic Development
in a number of different areas
                                              and Women-Owned Businesses.              Investments: support for
that it believes would support the
                                                                                       public-private partnerships and for
achievement of this plan’s objectives,     •	 Real Estate Development/                 expanding the Excelsior Program.
particularly in relation to the               Buildings: insurance and liability
elimination of barriers to job creation,      issues, waterfront development,       •	 Legislative and regulatory
business development and private              timely project approvals, and            mandate relief for localities and
investment. The council will submit           development of solar and energy          employers. Reform of procurement
its specific recommended priority             efficiency projects.                     and contracting procedures.
actions to the statewide chairman’s
committee within a month of the            •	 Environmental/Brownfield Devel-
submission of this plan.                      opment: support for the effective
Priority action recommendations of            management of dredged material,
the council will cover the following          natural gas infrastructure, and
categories:                                   brownfield development.




44     NEW YORK CITY REGIONAL ECONOMIC DEVELOPMENT COUNCIL STRATEGIC PLAN
Regional Implementation Agenda




Governor Cuomo’s approach
to economic development is
unprecedented in New York State.
It promises to bring transparency,
accountability and inclusiveness to
an area of state government that has
been largely impervious to public
review, input and oversight. The
engagement of regional business,
labor, academic and community
leaders in a strategic planning process
that will guide investment of state
resources is a complete departure
from a economic development
tradition that has been characterized
by reaction, opacity and political
favoritism.
The effectiveness of this new, proac-
tive approach to economic develop-
ment will depend, however, on the
commitment, teamwork and ef-
fectiveness of the regional councils.
                                              The following is an action plan for          a comprehensive long-term plan
New York City’s regional council is off
                                              achieving the council’s objectives and       (PlaNYC) and an office of Long
to a strong start, having developed
                                              responsibilities in connection with          Term Planning and Sustainability
a shared vision and a strategy that
                                              implementation of the strategic plan.        to guide and monitor its imple-
balances diverse interests, building on
                                                                                           mentation. There is a citizen advi-
the assets of the city while opening
                                              Action Plan Outline                          sory council to this office that has
up opportunities for economically dis-
                                                                                           significant overlap with member-
tressed communities and individuals           for the New York City                        ship on the regional council. This
to participate in economic growth.            Regional Council                             will make it relatively easy to set
The implementation of the regional                                                         up a system whereby the council
                                              I. Improving Quality of Life                 will receive annual updates on
council’s strategic plan has two
components: first is how the council          •	 Municipal government takes the            progress on most quality of life
itself will carry out its role in the five-      lead in most of the components of         issues and investments. It will also
year strategy; second are the steps              services and investments identi-          provide the interface for coordinat-
for carrying out the transformational            fied as critical quality-of-life issues   ing with the city on the integration
projects identified for execution in the         for New York City. Over the past          of economic development projects
first phase of the plan.                         six years, the city has developed



                                               NEW YORK CITY REGIONAL ECONOMIC DEVELOPMENT COUNCIL STRATEGIC PLAN           45
     and programs with the quality-of-      of regulatory and legislative              •	 The council will establish a
     life agenda.                           barriers to growth. Its purpose               marketing program with the major
                                            is to solicit, review and make                New York City brokerage firms and
•	 The regional council will                recommendations on proposals                  senior executives in all sectors,
   incorporate quality-of-life              to eliminate or update regulations            to support the governor’s New
   objectives into its review and           and legislation that impose                   York Open for Business campaign
   recommendations regarding state          unnecessary burdens and increase              through identification and
   regulatory actions, legislation and      the cost of doing business in New             cultivation of prospective tenants
   policies via a sub-committee that        York City and State. It will focus            and investors.
   will focus on removal of regulatory      particularly on impositions on
   and legislative barriers to growth.      small businesses and strategically         III. Investing in the Future
                                            important industries. It will also
•	 The regional council will estab-         work to streamline and accelerate          •	 The regional council will work with
   lish an Opportunity Zones sub-           approval processes by state                   local, state and federal officials to
   committee that will track, and,          agencies.                                     identify ways to maximize federal
   when necessary, help to expedite                                                       aid and to advocate for federal
   implementation of development         •	 Working with local Chambers of                funding of priority projects and
   approvals and permits in targeted        Commerce, BIDs and other groups,              programs.
   Opportunity Zones. This will in-         the regional council will formalize
   clude oversight of requests for ac-      its role as a sounding board and           •	 The regional council will promote
   celerated state regulatory reviews       advocate for small business in the            public-private partnerships that
   and approvals and monitoring             city, particularly as it relates to cap-      attract private investment to
   status of requests submitted un-         ital access and public policies. This         priority projects.
   der the state’s CFA. The regional        will include exploration of ways to
   council sub-committee will also                                                     •	 With respect to public
                                            develop a local-sourcing supply
   establish a system for responding                                                      infrastructure projects, the
                                            chain that links small business to
   to requests from developers and                                                        council will identify and involve
                                            the opportunities created by major
   sponsors of zone projects for as-                                                      experts to advise on legislative
                                            development projects and expan-
   sistance in financing, marketing,                                                      and regulatory actions needed
                                            sion of large corporations.
   or finding private sector partners                                                     to reduce costs, expedite
   via a web-based interface. There      •	 The regional council will work                construction, and facilitate public-
   is some concern among council            with EDC’s industry desks to both             private partnership financing and
   members about credit availability        inform council decisions and                  development.
   for both business and residential        to ensure that the diversity of
                                                                                       •	 The regional council proposes to
   financing. The council will explore      citywide business interests and
                                                                                          convene a task force with the MTA,
   this issue and determine whether         institutions are informed and
                                                                                          Port Authority and other relevant
   there are steps that it or the city      engaged in strategic industry
                                                                                          agencies to pursue how to opti-
   and state can take to expand ac-         cluster development initiatives.
                                                                                          mize the services of ferries in the
   cess to credit.                          The council will reach out to
                                                                                          regional transit system.
                                            MWBE firms and organizations to
•	 The regional council will also           encourage their participation in
                                                                                       •	 The regional council has conclud-
   be prepared to consider and              strategic industry programs.
                                                                                          ed that funding applications from
   respond to concerns related to the
                                                                                          the city are not receiving their fair
   environmental justice issues that     •	 The council will establish a
                                                                                          share of state housing subsidy al-
   arise in connection with projects        process of helping to accelerate
                                                                                          locations, and will work to try to
   that the council has endorsed or         intergovernmental reviews
                                                                                          improve that situation.
   that are proceeding with state           and approval of projects that
   assistance or sponsorship.               contribute to job creation
                                                                                       •	 The regional council will provide
                                            and economic growth, along
                                                                                          a forum to encourage city and
II. Creating a Pro-Growth,                  with stimulating political and
                                                                                          state collaboration with the private
    Pro-Jobs Environment                    community support for their
                                                                                          and nonprofit sectors on new and
                                            marketing efforts.
•	 The council will establish a                                                           expanded housing preservation
   subcommittee on removal                                                                and production financing




46      NEW YORK CITY REGIONAL ECONOMIC DEVELOPMENT COUNCIL STRATEGIC PLAN
   programs, particularly given          IV. Fostering Innovation                  Implementation of
   significant cutbacks in federal           and Inter-Regional                    Priority Projects
   support.                                  Cooperation
                                                                                   Following is the planned implementa-
•	 Minority and women-owned              •	 Regional strategic plans will,         tion timeframe for each of the coun-
   development and construction             hopefully, be knit together in         cil’s priority projects.
   firms are significant participants       an overall “Open for Business”
   in the city’s affordable housing         plan and program for the entire
   industry. The regional council will      state. The regional council will       Hunts Points Terminal Produce
                                            seek to identify opportunities for     Market
   work to expand their participation
   in state-funded programs.                collaboration with other regions.      This project is projected to take
                                            In addition to the food network        place in the following timeframe:
•	 Transportation is another area           developed in connection with the         December 2012 Full plans and
   threatened by cutbacks in federal        Hunts Point Market, priority areas                     permitting com-
   funding. The regional council will       may include a statewide efficient                      plete
   work locally and with other regions      buildings program as part of the               Fall 2013 Construction
   to consider ways to promote trans-       clean tech cluster development                           begins
   portation investment, including          with the Brooklyn Navy Yard, and
                                            a seed funding initiative that             Summer 2016 Construction
   airport and cargo export-related
                                            provides entrepreneurs across the                      completed
   projects.
                                            state with access to venture capital
•	 The council will have a special          and to major markets via the
   focus on mobilizing support and                                                 Expansion of New York Container
                                            SeedStart program.
                                                                                   Terminal
   maximizing the economic impact
   of transformational projects. This    •	 The regional council will work with    A project of this size and complex-
   will include building a network          EDC and ESD to extend innovation       ity requires a number of approvals
   with the largely MWBE wholesale          cluster development across all         from local state and federal entities.
   customers of the Hunts Point             five boroughs and regions across       These approval processes represent
   Market and marketing the space           the state. The council will also       some of the longest lead times
   and, ultimately, the products            seek to extend opportunities for       before the project can break ground
   produced at the Brooklyn Navy            participation in the innovation        and begin delivering its economic
   Yard clean tech facility and in the      economy to economically                benefits. The full list of approvals
   Staten Island Green Zone. The            disadvantaged communities and          required is described in the project
   council will also promote HireNYC,       MWBE firms.                            description in the previous section
   a program housed at EDC that                                                    of this plan. Given these constraints,
   facilitates local residents getting                                             the project is expected to take place
   access to jobs created through                                                  on the following timeframe:
   government-assisted development                                                       Fall 2012 Complete environ-
   and procurement.                                                                                mental review, com-
                                                                                                   mence ULURP
•	 With respect to the education                                                    Summer 2013 City’s Uniform
   and training programs identified                                                             Land Use Review
   as priorities, the council will use                                                          Procedure (ULURP)
   its network to connect workforce                                                             complete
   development and educational
   programs to employers and ensure                                                      Fall 2013 State DEC permits
   that communities across the city                                                                secured, construc-
   are aware of how their residents                                                                tion contracts com-
   and local employers can benefit                                                                 plete and project
   from these programs. The council                                                                groundbreaking
   will also seek to identify, coordi-                                                      2017 Project completed
   nate and possibly consolidate mul-
   tiple programs serving the same
   populations.



                                          NEW YORK CITY REGIONAL ECONOMIC DEVELOPMENT COUNCIL STRATEGIC PLAN            47
CREATE @ Harlem Green (Taystee Bakery)                        Brooklyn Navy Yard Green Manufacturing Center
This project is projected to take place in the following      Assuming that full financing is in place, this project is
timeframe:                                                    projected to take place in the following timeframe:
         January 2012 Planning/design begins                      January 2012 Construction begins (asbestos
      December 2012 Design and permitting complete                             abatement and some demolition are
                                                                               already completed)
          March 2013 Construction begins
                                                                     June 2013 Construction complete
      December 2014 Construction complete


Staten Island Green Zone                                      NYC SeedStart
This project is projected to take place in the following      This project is projected to take place in the following
timeframe:                                                    timeframe:
     January 2012 Submission of River Road Proposals          SESSION I
                  to EDC
                                                                 February 2012 Applications open for Session I
                  Rossville RFP Site Planning &
                  Company Recruitment                                April 2012 Final company selection made for
                                                                                Session I
       March 2012 EDC Releases RFP for River Road
                  Complete & Release Green Zone                       May 2012 Session I begins
                  Study                                               July 2012 Session I completed
     Summer 2012 Secure City & State Green Zone               SESSION II
                 Designation                                          May 2012 Applications open for Session II
                 Secure BOA Funding for Phase II of
                                                                      July 2012 Final company selection made for
                 Project
                                                                                Session II
         Fall 2012 Secure Location for EnergyPro
                                                              September 2012 Session II begins
                   Insulation Facility
                   Secure Federal Green Zone                   November 2012 Session II completed
                   Designation
      Spring 2013 Complete WWC Construction’s
                  “Green Zone World”                           Applied Sciences Initiative
                  Complete Construction at River Road         Seven responses to the RFP were received on October
                  for Faztec Industries                       28, 2011, and the city anticipates designating a winner
         Fall 2013 Complete Land Transaction with             by the end of 2011. Over the course of 2012 and 2013,
                   Deepwater Wind                             the designated institution, in partnership with EDC
                   Complete Construction on New York          and the city, will seek key public approvals and will
                   Fragrance Facility                         continue to advance their design and operations plan
                                                              for the project. If the project is located on a city-owned
                                                              site, it is anticipated that the ground lease and other
                                                              key agreements will be executed by the fall of 2013.
International Convention and Exhibition Center in Queens
                                                              Phase 1 groundbreaking is expected for late 2013/
Construction will require approvals from a variety of state   early 2014, assuming regulatory cooperation and
and city agencies and authorities over the next two years,    accelerated permitting One likely site for this project
including site assemblage, environmental approvals, and       is Roosevelt Island. That site requires the relocation of
infrastructure design and upgrading to accommodate a          300 patients at a chronic care institution. State support
major new use. Ultimately, this project would create at       and approval of actions to make this site available
least 8,000 permanent jobs and approximately 10,000           and identify alternatives for current patients will be
high paying, union construction jobs.                         essential.




48     NEW YORK CITY REGIONAL ECONOMIC DEVELOPMENT COUNCIL STRATEGIC PLAN
Performance Measures




The council will document progress
and measure success of both projects
and actions contemplated in this plan
throughout its five-year duration.
Criteria for success of projects will be
different in some aspects, but every
project will be tracked and evalu-
ated on the basis of meeting certain
quantitative measures, including:
direct and indirect job creation and
retention targets, including both com-
pensation levels of jobs created and
hiring of economically disadvantaged
residents; leverage of non-state fund-
ing; timeliness of performance; contri-
bution to increased economic activity;
generation of tax revenues; and sup-
ply chain or other benefits to MWBE
firms and small business. In addition,
the council will apply qualitative
performance measures that include:
contribution of projects and policies
to creation of new university-business     Successful implementation of the            •	 Private funding—The project will
partnerships and to development of         council’s priority projects will serve as      generate $160 million in private
emerging industry clusters; improve-       the hallmark indication of its effec-          investment.
ment of quality of life for economically   tiveness. Following are performance
distressed communities and popula-         objectives for each of the council’s        •	 Job creation—The project will
tions; contribution to human capital       identified priority projects.                  retain approximately 2,000 per-
development through training and                                                          manent full-time equivalent
workforce enhancement; and achieve-        HUNTS POINTS TERMINAL                          jobs at the Hunts Point Produce
ment of multi-region benefits.             PRODUCE MARKET                                 Market (more than 60% of which
                                                                                          are unionized positions with the
It will achieve these objectives           •	 Completion Timeframe—                       Teamsters). This figure does not
through a combination of support for          Assuming that financing is secured          include an estimated 600 indirect
priority projects, advocacy for needed        so that the planning/design                 jobs that are directly supported by
regulatory and legislative actions, and       process begins in January 2012,             the Hunts Point Market or an ad-
by providing a forum for public input         construction will be completed by           ditional 2,500-3,000 jobs that have
and feedback in connection with               December 2014.                              access badges to the site and regu-
regional and inter-regional economic                                                      larly visit the market as a result of
development activities.                                                                   their employment. The average


                                            NEW YORK CITY REGIONAL ECONOMIC DEVELOPMENT COUNCIL STRATEGIC PLAN              49
     annual wage of the jobs onsite at      CREATE @ HARLEM GREEN                       STATEN ISLAND GREEN ZONE
     the market is $55,000. The project     (TAYSTEE BAKERY)                            This project will measure its success in
     is also projected to create approxi-
                                            This project will measure its success in    the following ways:
     mately 330 construction jobs.
                                            the following ways:
                                                                                        •	 Completion timeframe—New
•	 Environmental sustainability—The         •	 Completion timeframe—                       construction for the first phase of
   project will be LEED Silver certified.      Assuming that financing is secured          the Green Zone is projected to be
   The new center’s operations will            so that the planning/design                 completed and all five companies
   result in emissions reduction of            process begins in January 2012,             onsite by spring 2014.
   over 250 tons of nitrous oxide per          construction will be completed by
   year and 225 tons of carbon mon-            December 2014.                           •	 Private funding—The five
   oxide per year.                                                                         companies initially committed to
                                            •	 Private funding—The project will            locating in the Green Zone will
                                               generate $70 million in private             contribute $16.5 million in private
EXPANSION OF NEW YORK
                                               financing.                                  capital toward construction and
CONTAINER TERMINAL                                                                         relocation expenses.
This project will measure its success in    •	 Job creation—The project will
the following ways:                            create 440 permanent jobs with           •	 Job creation—The five companies
                                               a weighted average wage of                  initially planning to locate within
•	 Completion timeframe—
                                               approximately $83,000 per year.             the Green Zone project the
   Assuming that financing is secured
                                                                                           creation of 115 new jobs within
   so that the planning/design              •	 Environmental sustainability—The            the first two years of operation.
   process begins in January 2012,             project will be LEED certified.             These will be a range of full-time
   construction will be completed by
                                                                                           positions in driving, sales and
   December 2014.
                                            BROOKLYN NAVY YARD GREEN                       customer service, bookkeeping
                                                                                           and other administrative, as well
•	 Private funding—The $489 million         MANUFACTURING CENTER
                                                                                           as executive positions, and will pay
   cost of the project is being funded      This project will measure its success in       from $25,000 to $100,000 annually.
   by the Ontario Teachers Pension          the following ways:                            In addition, the five companies
   Plan. The Pension Plan is seeking
                                            •	 Completion timeframe—The                    project at least 50 temporary
   an equity partner, and most likely
                                               project will be completed 18                construction positions. By Spring
   a major shipping line, to complete
                                               months after securing full                  2014, it is projected that these and
   the financing package.
                                               financing.                                  other projects will have generated
•	 Job creation —The creation of                                                           500 new jobs within the Green
   Berth 4 will result in 200 full-         •	 Private funding—The project will            Zone.
   time equivalent positions on the            have generated at least $27.5
                                               million in funding to support            •	 Environmental sustainability—The
   terminal and over 2,500 total
                                               construction plus an additional             project will improve environmental
   direct on- and off-terminal full-
                                               $20 million to pay for space fit-out        sustainability of the site through
   time equivalent jobs inside and
                                               for tenants and for equipment.              significant brownfield remediation,
   outside of New York City. The
                                                                                           reclamation of currently unused
   proposed action would increase
                                            •	 Job creation—The Green                      waterfront sites, and through the
   the number of jobs at the terminal
                                               Manufacturing Center will have              use of maritime and rail freight
   by approximately 28%.
                                               created 300 jobs, all of them               that will result fewer trucks on
•	 Environmental sustainability—The            paying at least $30,000 per year            the road. WWC Corporation’s
   project will be LEED certified.             plus providing full benefits. At            manufacturing and distribution
                                               least one third of these new                facilities will be LEED certified.
                                               workers in these positions will live        Deepwater Wind will be operating
                                               in local neighborhoods.                     production and support facilities
                                                                                           for a planned 1,000 MW offshore
                                            •	 Environmental sustainability—the            wind farms.
                                               project will be certified LEED Silver.




50       NEW YORK CITY REGIONAL ECONOMIC DEVELOPMENT COUNCIL STRATEGIC PLAN
NYC SEEDSTART                               •	 Job creation—Over the coming            •	 Job creation—This initiative is
                                               decades, this initiative is projected      estimated to create at least 8,000
This project will measure its success in
                                               to create nearly 30,000 permanent          permanent jobs and 10,000 high-
the following ways:
                                               and construction jobs for New              paying, union construction jobs.
•	 Completion timeframe—New                    Yorkers across a wide range of
   financing will allow the project            skills with the construction portion
   to grow by serving 20 additional            of the project accounting for           Performance monitoring
   companies through the end                   approximately 7,700 jobs. The City      plan
   of 2012, with a plan to double              estimates that over time as many
                                                                                       The council will publicly release
   that figure to an additional 40             as 400 new companies will spin
                                                                                       updates on its progress toward
   companies in 2013.                          off as a result of New York City’s
                                                                                       meeting these performance measures
                                               expanded innovation capacity.
                                                                                       on a biannual basis. Based on the
•	 Companies served—The project                This secondary job creation could
                                                                                       progress of individual projects
   will serve at least 20 small                have an even larger impact on the
                                                                                       and priority actions, it will amend
   businesses or entrepreneurs                 city’s economy—combined with
                                                                                       its global performance targets on
   residing or working in New York             the project itself, over $6 billion
                                                                                       an annual basis and make those
   State but outside of New York City          in economic activity is expected
                                                                                       amended targets public as well. It will
   through the end of 2012.                    to be generated over the next 35
                                                                                       hold at least two public hearings at
                                               years.
•	 Private funding—The project will                                                    which it will request feedback on its
   raise $400,000 in private capital                                                   progress on these measures each year.
                                            •	 Environmental sustainability—All
   through 2012 for funding of the 20          new or significantly renovated
   small businesses directly. Indirectly       buildings in the project will be
   it is expected that as a result of the      LEED certified.
   program, 40% of the companies
   will succeed in securing funding
   and begin to build a workforce           INTERNATIONAL CONVENTION
   within 6-12 months.                      AND EXHIBITION CENTER IN
                                            QUEENS
•	 Job creation—It is projected that        This project will measure its success in
   40-50 entrepreneurs will form and        the following ways:
   work at the companies as part of
   the 2012 programs. Within three          •	 Completion timeframe—Pending
   years, each of these companies is           approvals and permits from
   expected to employ 10-50 people.            public agencies, the project could
                                               commence construction of a 2.6
                                               million square foot convention
APPLIED SCIENCES INITIATIVE                    center project by November
This project will measure its success in       2012. The second phase of the
the following ways:                            construction project, creating
                                               an additional 1.2 million square
•	 Completion timeframe—Award                  feet of convention, exhibition,
   will be made by early 2012. The             conference and meeting space,
   project completion timeframe will           would start by November
   depend upon the partner and site            2014, pending the appropriate
   chosen.                                     approvals. The total project would
                                               be completed by 2016 if these
•	 Private funding—The first phase of
                                               processes are expedited.
   the project is expected to generate
   private investment of at least           •	 Private funding—The project
   $250 million with an eventual full-         is expected to generate private
   build representing $1-$2 billion in         investment of at least $4.5 billion
   private investment.                         in private investments.




                                             NEW YORK CITY REGIONAL ECONOMIC DEVELOPMENT COUNCIL STRATEGIC PLAN            51
Description of Public Process and
Involvement of Local Stakeholders



Public participation and extensive          discussion groups with members            development of the vision statement;
input from a wide range of local            of the public during each meeting         development of strategies to
stakeholders were crucial in the            while council members were in             support the vision; development
development of this plan. Council           executive session discussion groups.      of criteria for selection of priority
meetings were structured to be highly       Those general public discussion           projects; regulatory concerns
accessible to the general public. They      groups reported back to the entire        affecting economic development;
took place throughout five boroughs,        council, and summary reports were         and generating project ideas and
with one meeting each held in               incorporated into the public record       proposals for inclusion in the plan,
Staten Island, Queens, the Bronx, and       of the meeting. In addition, members      specifically around the topics of small
Brooklyn. Meeting locations were            of the public were invited to testify     business development, infrastructure
announced in advance, through the           before council members at each of the     development, and human capital
council website and direct outreach         meetings. Holding the public hearings     development. Stakeholders with
by local elected officials, particularly    directly after the business of the        relevant expertise were invited to
the president of the borough in which       council was concluded gave speakers       attend each of these working group
each meeting was hosted.                    the opportunity to testify before the     meetings and to participate fully. (See
                                            full council membership.                  appendices for a full list of attendees
Council staff also worked closely with
                                                                                      at working group meetings.)
borough presidents to help promote          Media coverage of the council’s
the meetings as they took place in          activities also helped to promote         Members of the general public were
each borough, resulting in increased        public participation. CUNY TV             invited to attend a workshop on the
attendance and participation from           videotaped the proceedings of each        Consolidated Funding Application
local elected officials, local economic     council meeting. Those videos were        (CFA) offered by Kenneth Adams,
development experts, and other              then posted to the council’s website.     president of ESD, which took place
members of the public. Borough              Several publications, including Crain’s   at York College on October 4, 2011,
presidents were requested to elicit         New York, the Queens Tribune and the      subsequent to the council meeting
input from the elected officials in their   Queens Gazette, wrote articles about      and public hearing. A second CFA
respective boroughs about current           the council.                              workshop, coordinated by executive
economic development proposals                                                        chamber staff, was held at Hostos
                                            The council website provided two
in the context of the council’s work.                                                 Community College on October 25,
                                            places for public comment; the first a
The mayor’s designee on the council,                                                  2011.
                                            solicitation of strength, weaknesses,
Deputy Mayor Robert Steel, provided
                                            challenges, and opportunities, and        The council held a public hearing to
key input and support in the process.
                                            the second a request for specific         elicit input into the draft strategic
New York City Council Speaker Chris-
                                            suggestions. The council also had a       plan on Friday, November 4, 2011, at
tine Quinn also had staff participate in
                                            Facebook page that linked back to the     the Adam Clayton Powell State Office
council proceedings.
                                            council’s own website.                    Building in Harlem.
There were opportunities for public
                                            In between meetings of the full
comments and testimony at the
                                            council, working group meetings
second and all subsequent council
                                            were held on several topics, including:
meetings. Council staff facilitated



52     NEW YORK CITY REGIONAL ECONOMIC DEVELOPMENT COUNCIL STRATEGIC PLAN
Conclusion




The New York City region is the state’s
most populous, diverse and complex
region. It contains more wealth, and
more poverty, than all the other
nine regions combined. The city
generates by far the largest demand
of any region for investment in public
infrastructure and municipal services,
putting a significant strain on the local
tax base. It has the largest deficit in
its affordable housing stock and faces
the greatest challenges in its public
education system, which serves more
disadvantaged and non English-
speaking students than the entire rest
of the state. At the same time, the city
is also home to the nation’s greatest
concentration of world-class higher
education and research institutions.
It is the headquarters location of
major companies in a dozen global
industries. It is a magnet for talent and
foreign investment from across the
                                            future and a clear set of actions         benefits other regions of New York
world, and currently the No. 1 tourism
                                            required to achieve shared goals.         State. The council anticipates working
destination in the United States.
                                                                                      collaboratively with Governor
                                            This strategic plan emerged from
The New York City Regional Economic                                                   Cuomo, ESD and the other nine
                                            four months of debate and dialogue
Development Council strategic                                                         regions to carry out the activities
                                            among members of the council, local
planning process has provided a                                                       identified through the planning
                                            government and elected officials,
valuable opportunity for a diverse                                                    process, resulting in acceleration of
                                            with significant input from the public.
group of business, labor and                                                          job creation, expansion of business
                                            The transformative projects identified
community leaders to identify the                                                     activity, reduction in conditions of
                                            for immediate funding embody the
shared values that bind together the                                                  poverty, and a stronger tax base that
                                            council’s commitment to an inclusive
wide-ranging interests of the five                                                    can support increased investment in
                                            approach to economic development
boroughs and to define how local                                                      infrastructure, education, and other
                                            that builds on the city’s strengths,
objectives connect to the interests of                                                activities that improve the quality of
                                            increases opportunities for the least
greater New York State. The product                                                   the lives of all New Yorkers.
                                            advantaged communities throughout
is a unified vision for New York City’s
                                            the five boroughs, and substantially




                                             NEW YORK CITY REGIONAL ECONOMIC DEVELOPMENT COUNCIL STRATEGIC PLAN           53
Appendix A: Council Meetings
and Attendance


August 10, 2011                            Stuart Appelbaum, President, RWDSU            Kathryn Wylde, President & CEO,
Baruch College, CUNY                          (w/Ademola Oyefeso)                          Partnership for New York City
(Manhattan)                                Marlene Cintron, President, Bronx Overall
                                             Economic Development Corporation
August 23, 2011                                                                          ELECTED OFFICIALS
                                           Cesar J. Claro, President & CEO, Staten
The Graduate School and University                                                       Hon. Ruben Diaz, Jr., Bronx Borough
                                             Island Economic Development
Center, CUNY                                                                               President (w/ Raymond Sanchez)
                                             Corporation
(Manhattan)                                Carol Conslato, President, Queens
                                                                                         Melva Miller, representing Hon.
                                                                                           Helen Marshall, Queens Borough
September 13, 2011                           Chamber of Commerce
                                                                                           President
Brighton Heights Reformed Church           Francine Y. Delgado, Senior Vice President,
                                                                                         Hon. James Molinaro, Staten Island
(Staten Island)                               Seedco
                                                                                           Borough President
                                           Josh Gold, representing Peter Ward,
October 4, 2011                                                                          Hon. Robert Steel, Deputy Mayor for
                                             President, Hotel & Motel Trades Council
York College/CUNY                                                                          Economic Development, City of New
                                           Gail Grimmett, Senior Vice President for        York (w/Ashley Cotton and Tokumbo
(Queens)                                     New York, Delta Airlines                      Shobowale)
October 25, 2011                           Steve Hindy, President, Brooklyn Brewery      Andrew Steininger, representing Hon.
Hostos Community College/CUNY              Carl Hum, President & CEO, Brooklyn             Marty Markowitz, Brooklyn Borough
(Bronx)                                      Chamber of Commerce                           President
                                           Michael Hurwitz, representing Marcel Van      Hon. Scott Stringer, Manhattan Borough
November 8, 2011                             Ooyen, Executive Director, GrowNYC            President (w/David Saltonstall & Shira
Brooklyn College/CUNY                                                                      Gans)
                                           Marcia V. Keizs, President, York College,
(Brooklyn)                                                                               Thomas B. Donaldson, Legislative Counsel,
                                             CUNY
                                                                                           Infrastructure Divison, New York City
                                           Gary LaBarbera, President, NYC Building
First Meeting                                & Construction Trades Council
                                                                                           Council, representing Hon. Christine
                                                                                           Quinn, Speaker
                                             (w/Heather Beaudoin)
(Wednesday, August 10, 2011)
                                           Nick Lugo, President, NYC Hispanic
Baruch College, The City University of       Chamber of Commerce (w/Peter                REGIONAL COUNCIL STAFF
New York                                     Spinella)                                   Kenneth Adams, President & CEO, ESD
                                           Ashok Nigalaye, President & CEO,              Joseph Tazewell, NYC Regional Director,
ATTENDEES                                    Epic Pharma LLC                               ESD
Hon. Robert Duffy, Lieutenant Governor     Kevin Ryan, Founder & CEO, Gilt Groupe        Tara Brooks-Smith, Facilitator, NYS
                                           Steve Spinola, President, Real Estate            Dept. of Labor
                                              Board of New York                          James Brown, Labor Market Analyst,
REGIONAL COUNCIL MEMBERS
                                           Douglas C. Steiner, Chairman,                   NYS Dept. of Labor
Matthew Goldstein, Chancellor, The City      Steiner Studios                             Thom Kleiner, Commissioner, Mid-Hudson
  University of New York (co-chair)
                                           Amy Sugimori, representing Mike                 Region, NYS Dept. of Labor
Stephen Lemson, Vice President for State     Fishman, President, 32BJ SEIU               Nydia Loyd, Facilitator, NYS Dept. of Labor
   Government Affairs, American Express
                                           Sheena Wright, President & CEO,               Marina Vranich, Council Liaison, NYS
   Company, representing Kenneth
                                             Abyssinian Development Corporation            Dept. of Labor
   Chenault, Chairman & CEO (co-chair)
                                                                                         Markly Wilson, Facilitator, ESD



54      NEW YORK CITY REGIONAL ECONOMIC DEVELOPMENT COUNCIL STRATEGIC PLAN
EXECUTIVE CHAMBER                            Second Meeting                                Mike Fishman, President, 32BJ SEIU (w/
REPRESENTATIVES                                                                              Amy Sugimori)
                                             (Tuesday, August 23, 2011)                    Sheena Wright, President & CEO,
Irene Baker, Executive Vice President,
                                                                                             Abyssinian Development Corporation
   Director of Regional Councils             The Graduate School and University
Rodney Capel, Governor’s Office              Center, The City University of New York       Michael Scotto, representing Kathryn
                                                                                             Wylde, President & CEO, Partnership
Zach Greenky, Special Assistant,                                                             for New York City
  Governor’s Office                          ATTENDEES
Nicholas Weatherbee, Director of             Hon. Robert Duffy, Lieutenant Governor
  Intergovernmental Affairs,                                                               ELECTED OFFICIALS
  Lt. Governor’s Office                                                                    Hon. James Molinaro, Staten Island
                                             REGIONAL COUNCIL MEMBERS                        Borough President (w/ Jason Razefsky)
                                             Matthew Goldstein, Chancellor, The City       Raymond Sanchez, representing Hon.
STATE RESOURCE TEAM                            University of New York (co-chair)             Ruben Diaz, Jr., Bronx Borough
George Stafford, NYS DOS                     Stephen Lemson, Vice President for State        President
Kiumars Amiri, NYSERDA                          Government Affairs, American Express       David Stattenstall, representing Hon.
Robert Callender, NYSERDA                       Company, representing Kenneth                Scott Stringer, Manhattan Borough
                                                Chenault, Chairman & CEO (co-chair)          President
Jane Cox, PANY&NJ
                                             Stuart Appelbaum, President, Retail,          Melva Miller, representing Hon. Helen
Sobeida Cruz, NYPA                              Wholesale and Department Store               Marshall, Queens Borough President
Phil Giltner, NYS Ag & Mrkts                    Union, w/Ademola Oyefeso
                                                                                           Thomas B. Donaldson, Legislative Counsel,
Rachel Gordon, NYS OPRHP                     Marlene Cintron, President, BOEDC               Infrastructure Divison, New York City
Sharon Griffith, NYSERDA                     Cesar J. Claro, President & CEO, Staten         Council, representing Hon. Christine
Celeste Johnson, NYS DH                        Island Economic Development                   Quinn, Speaker
                                               Corporation
Earnest Langhorne, NYS HCR
                                             Carol Conslato, President, Queens
Venetia Lannon, DEC                                                                        NEW YORK CITY MAYOR’S
                                               Chamber of Commerce
Adam Levin, DOT                                                                            OFFICE
                                             Francine Y. Delgado, Senior Vice President,
Ivan Lisnitzer, SUNY Downstate Medical          Seedco                                     Hon. Robert Steel, New York City Deputy
   Center                                                                                    Mayor (w/ Ashley Cotton and Tokumbo
                                             Josh Gold, representing Peter Ward,             Shobowale)
Andrew Lynn, PANY&NJ                           President, Hotel & Motel Trades Council
Dominic A. Martello, NYS AHC                 Gail Grimmett, Senior Vice President for
Tom Matthews, NYS EFC                          New York, Delta Airlines                    EMPIRE STATE DEVELOPMENT
                                             Eric Ottoway, representing Steve Hindy,       CORPORATION SENIOR
Charles O’Shea, DOT
                                                President, Brooklyn Brewery                MANAGEMENT
Joseph Palozzola, NYS HCR
                                             Carl Hum, President & CEO, Brooklyn           Dennis Mehiel, Vice Chair, Board of
Judith Peter, DOT                              Chamber of Commerce                           Directors
Hilary David Ring, MTA                       Kenneth Knuckles, President & CEO, Upper      Peter Davidson, Regional President
Kelly Tyler, NYSERDA                           Manhattan Empowerment Zone                  Justin Ginsburgh, Chief of Staff
Gregory Watson, NYS HCR                        Development Corporation
Jay Hershenson, Senior Vice Chancellor       Michael Hurwitz, representing Marcel Van
                                               Ooyen, Executive Director, GrowNYC          REGIONAL COUNCIL STAFF
   for University Relations & Board
   Secretary, CUNY                           Marcia V. Keizs, President, York College,     Joseph Tazewell, NYC Regional Director,
                                               CUNY                                          ESD
Rick Schaffer, General Counsel & Senior
   Vice Chancellor for Legal Affairs, CUNY   Gary LaBarbera, President, Building and       Tara Brooks-Smith, Facilitator, NYS Dept.
                                               Constructions Trades Council of Greater        of Labor
Andrew Fletcher, ESD
                                               NY (w/Heather Beaudoin)                     James Brown, Labor Market Analyst,
Ingrid Nathan, ESD                                                                           NYS Dept. of Labor
                                             Nick Lugo, President, NYC Hispanic
Orha Ocampo, ESD                                                                           Thom Kleiner, Commissioner, Mid-Hudson
                                               Chamber of Commerce, w/Peter
Susan Ardigo, ESD                              Spinella                                      Region, NYS Dept. of Labor
                                             Kevin Ryan, Founder & CEO, Gilt Groupe        Nydia Loyd, Facilitator, NYS Dept. of Labor
                                             Angela Sung Pinsky, representing Steve        Marion Phillips, III, Facilitator, ESD
                                               Spinola, President, Real Estate Board of    Marina Vranich, Council Liaison,
                                               New York                                      NYS Dept. of Labor
                                                                                           Markly Wilson, Facilitator, ESD


                                               NEW YORK CITY REGIONAL ECONOMIC DEVELOPMENT COUNCIL STRATEGIC PLAN                      55
EXECUTIVE CHAMBER                         Third Meeting                                 ELECTED OFFICIALS
REPRESENTATIVES                                                                         Hon. James Molinaro, Staten Island
                                          (Tuesday, September 13, 2011)
Irene Baker, Executive Vice President,                                                    Borough President (w/ Jason Razefsky)
   Director of Regional Councils          Brighton Heights Reformed Church,             Raymond Sanchez, representing Hon.
Rodney Capel, Governor’s Office           Staten Island                                   Ruben Diaz, Jr., Bronx Borough
                                                                                          President
Zach Greenky, Special Assistant,
  Governor’s Office                       ATTENDEES                                     Melva Miller, representing Hon. Helen
                                                                                          Marshall, Queens Borough President
Nicholas Weatherbee, Director of          Hon. Robert Duffy, Lieutenant Governor
  Intergovernmental Affairs,                                                            Thomas B. Donaldson, Legislative Counsel,
  Lt. Governor’s Office                                                                   Infrastructure Divison, New York City
                                          REGIONAL COUNCIL MEMBERS                        Council, representing Hon. Christine
                                          Matthew Goldstein, Chancellor, The City         Quinn, Speaker
STATE RESOURCE TEAM                         University of New York (co-chair)           Robert Cataldo and Michael Arvanites,
Kiumars Amiri, NYSERDA                    Stephen Lemson, Vice President for State        representing Hon. Diane Savino,
Harvey Cohen, ESD                            Government Affairs, American Express         NYS State Senator

Sobeida Cruz, NYPA                           Company, representing Kenneth              Hon. Michael Cusick, NYS Assembly (w/
                                             Chenault, Chairman & CEO (co-chair)          Christopher Lee)
Jay Emmingham, NYSERDA
                                          Stuart Appelbaum, President, Retail,          Hon. Nicole Malliotakis, NYS Assembly
Phillip Eng, DOT                             Wholesale and Department Store             Shira Gans, representing Hon. Scott
Phil Giltner, NYS Ag & Mrkts                 Union, w/Ademola Oyefeso                     Stringer, Manhattan Borough President
Justin Ginsberg, ESD                      Marlene Cintron, President, Bronx Overall     Scott Hobbs, representing Hon. Marty
Sharon Griffith, NYSERDA                    Economic Development Corporation              Markowitz, Brooklyn Borough President
                                            (w/ Frank Randazo)
Max Joel, NYSERDA
                                          Cesar J. Claro, President & CEO, Staten
Earnest Langhorne, NYS HCR                  Island Economic Development                 NEW YORK CITY MAYOR’S
Venetia Lannon, DEC                         Corporation                                 OFFICE
Adam Levine, DOT                          Carol Conslato, President, Queens             Hon. Robert Steel, New York City Deputy
Ivan Lisnitzer, SUNY Downstate Medical      Chamber of Commerce                           Mayor (w/ Ashley Cotton and Tokumbo
   Center                                 Francine Y. Delgado, Senior Vice President,     Shobowale)
Dominic A. Martello, NYS AHC                 Seedco (w/ Shaneequa Owuso and
                                             Lauren Miura)
Tom Matthews, NYS EFC                                                                   REGIONAL COUNCIL STAFF
                                          Amy Sugimori, representing Mike
Joseph Palozzola, NYS HCR                                                               Joseph Tazewell, NYC Regional Director,
                                            Fishman, 32BJ SEIU
                                                                                          ESD
Ellen Poliski, DOH                        Peter Ward, President, Hotel & Motel
                                                                                        Tara Brooks-Smith, Facilitator,
Justin Rodgers, Jamaica EDC                 Trades Council (w/ Josh Gold)
                                                                                           NYS Dept. of Labor
Heather Sporn, DOT                        Steve Hindy, President, Brooklyn Brewery
                                                                                        Nydia Loyd, Facilitator, NYS Dept. of Labor
Jay Hershenson, Senior Vice Chancellor    Carl Hum, President & CEO, Brooklyn
                                                                                        Marion Phillips, III, Facilitator, ESD
   for University Relations & Board         Chamber of Commerce
   Secretary, CUNY                                                                      Markly Wilson, Facilitator, ESD
                                          Kenneth Knuckles, President & CEO, Upper
Suri Duitch, University Associate Dean      Manhattan Empowerment Zone                  John Moye, DOL
  for Continuing Education, CUNY            Development Corporation                     Andrew Fletcher, ESD
Howard Apsan, University Director,        Marcel Van Ooyen, Executive Director,         Ingrid Nathan, ESD
  Environmental Health and Safety, CUNY     GrowNYC
Andrew Fletcher, ESD                      Dr. Alfred Ntoko , representing Marcia V.
                                             Keizs, President, York College, CUNY       EXECUTIVE CHAMBER
Ingrid Nathan, ESD
                                          Steve Spinola, President, Real Estate Board
                                                                                        REPRESENTATIVES
                                             of New York                                Hon. Robert Duffy, Lieutenant Governor
                                          Douglas C. Steiner, Steiner Studios           Irene Baker, Executive Vice President,
                                                                                           Director of Regional Councils
                                          Sheena Wright, President & CEO,
                                            Abyssinian Development Corporation          Rodney Capel, Governor’s Office
                                          Kathryn Wylde, President & CEO,               Zach Greenky, Special Assistant,
                                            Partnership for New York City                 Governor’s Office
                                          Ashok Nigalaye, Epic Pharma



56      NEW YORK CITY REGIONAL ECONOMIC DEVELOPMENT COUNCIL STRATEGIC PLAN
Nicholas Weatherbee, Director of             Frank Randazo, BOEDC                          Steve Hindy, President, Brooklyn Brewery
  Intergovernmental Affairs,                 John Lavelle, DSIC                            Carl Hum, President & CEO, Brooklyn
  Lt. Governor’s Office                                                                      Chamber of Commerce
                                             Barbara Baer, CPC
Brian Quiara, Policy Director,                                                             Kenneth Knuckles, President & CEO, Upper
   Lt. Governor’s Office                     Nicholas Zvegintzov, Ferry Riders
                                               Committee                                     Manhattan Empowerment Zone
                                                                                             Development Corporation
                                             Erin Dorcz, Intrepid Museum
STATE RESOURCE TEAM                          Humberto Restrepo, J.I.B.
                                                                                           Gary LaBarbara, President, Building and
                                                                                             Constructions Trade Council of
Kiumars Amiri, NYSERDA
                                             Paul Burton, Bond Buyer                         Greater NY
Wayne Benjamin, NYS DMV
                                             Derek McPhatter, Apollo Theater               Marcel Van Ooyen, Executive Director,
Joseph Chan, MTA                               Foundation                                    GrowNYC
Janet Cox, Port Authority NY/NJ              D. Rodriguez, American Museum of              Marcia V. Keizs, President, York College,
Sobeida Cruz, NYS Power Authority               Natural History                              CUNY (w/ Dr. Alfred Ntoko)
Phillip Eng, DOT                             J. Bocian, Manatt                             Kathryn Wylde, President & CEO,
                                             William Budd, Hudson Square Connection          Partnership for New York City
Heather Sporn, DOT
                                             M. Oesterreich, CWE                           Ashok Nigalaye, Epic Pharma
Rachel Gordon, OPRHP
                                             Richard Werber, GIDC                          Steve Spinola, President, Real Estate Board
Sharon Griffith, NYSERDA
                                                                                              of New York
Venetia Lannon, NYSDEC                       Nancy Doon, VHB
Adam Levine, DOT
                                                                                           ELECTED OFFICIALS
Ellen Poliski, DOH                           Fourth Meeting                                Hon. Helen Marshall, Queens Borough
Lindsay Robbins, NYSERDA                                                                     President
                                             (Tuesday, October 4, 2011)
Gregory Watson, NYSHCS                                                                     Jason Razefsky, representing Hon. James
Charles O’Shea, DOT                          York College/CUNY, Jamaica, Queens               Molinaro, Staten Island Borough
                                                                                              President
                                             ATTENDEES                                     Raymond Sanchez, representing Hon.
CUNY                                                                                         Ruben Diaz, Jr., Bronx Borough
                                             Hon. Robert Duffy, Lieutenant Governor
Jay Hershenson, Senior Vice Chancellor for                                                   President
   University Relations & Board Secretary
                                                                                           Shira Gans, representing Hon. Scott
Suri Duitch, University Associate Dean for   REGIONAL COUNCIL MEMBERS                        Stringer, Manhattan Borough President
  Continuing Education                       Matthew Goldstein, Chancellor, The City
                                                                                           Andrew Steininger, representing
Howard Apsan, University Director,             University of New York (co-chair)
                                                                                             Hon. Marty Markowitz, Brooklyn
  Environmental Health and Safety            Stephen Lemson, Vice President for State        Borough President
Daliz Pérez-Cabezas, Associate Director         Government Affairs, American Express
                                                                                           Hon. David Weprin, New York State
  of Workforce Programs                         Company, representing Kenneth
                                                                                             Assembly
                                                Chenault, Chairman & CEO (co-chair)
Frederick P. Schaffer, Senior Vice                                                         Hon. Catherine Nolan, New York State
   Chancellor for Legal Affairs              Stuart Appelbaum, President, Retail,
                                                                                             Assembly
                                                Wholesale and Department Store
                                                Union, w/Ademola Oyefeso and Zayne         Hon. Leroy Comrie, New York City Council
MEMBERS OF THE PUBLIC                           Abdessalan                                 Hon. Francisco Moya, New York State
Dean L. Balsamini, Director, Small           Marlene Cintron, President, Bronx Overall       Assembly
  Business Development Center (CSI)            Economic Development Corporation            Hon. Malcolm Smith, New York State
                                               (w/ Frank Randazo)                            Senate
Joe Palozzola, NYS HCR
                                             Steve Grillo, representing Cesar J. Claro,    Hon. Grace Meng, New York State
Samantha Jacob, CSI
                                                President & CEO, Staten Island               Assembly
Max Lindeman, CCA                               Economic Development Corporation           Hon. William Scarborough, New York State
Leah Archibald, EWVIDCO                      Carol Conslato, President, Queens               Assembly
Anne O’Hara, CLCHC                             Chamber of Commerce                         Hon. Barbara Clark, New York State
Jukay Hsu, Coalition for Queens              Francine Y. Delgado, Senior Vice President,     Assembly
                                                Seedco                                     Hon. Rory Lancman, New York State
Katie Schwab, Manatt
                                             Mike Fishman, 32BJ SEIU, w/Amy Sugimori         Assembly
Alinda Franks, ITAC
                                             Peter Ward, President, Hotel & Motel          Hon. Karen Koslowitz, New York City
Nancy Carin, BOC Network
                                               Trades Council                                Council




                                               NEW YORK CITY REGIONAL ECONOMIC DEVELOPMENT COUNCIL STRATEGIC PLAN                      57
Hon. Vivian Cook, New York State              CUNY                                         Michael Hurwitz, representing Marcel
  Assembly                                                                                   Van Ooyen, GrowNYC
                                              Jay Hershenson, Senior Vice Chancellor for
                                                 University Relations & Board Secretary    Gary LaBarbera, NYC Buildings and
                                                                                             Construction Trades Council, President
NEW YORK CITY MAYOR’S                         Suri Duitch, University Associate Dean for
                                                                                             (w/ Heather Beaudoin)
OFFICE                                          Continuing Education
                                                                                           Nick Lugo, President, Hispanic Chamber
Tokumbo Shobowale, representing               Daliz Pérez-Cabezas, Associate Director of
                                                                                             of Commerce (w/ Peter Spinella)
  Hon. Robert Steel, New York City              Workforce Programs
  Deputy Mayor                                                                             Dr. Alfred Ntoko , representing Marcia V.
                                              Amanda Eyrich Daly, Director of Green
                                                                                              Keizs, President, York College, CUNY
                                                Education and Training Programs
                                                                                           Steve Spinola, President, Real Estate Board
REGIONAL COUNCIL STAFF                                                                        of New York
Joseph Tazewell, NYC Regional Director,       Fifth Meeting                                Douglas C. Steiner, Steiner Studios
  ESD
                                              (Tuesday, October 25, 2011)                  Sheena Wright, President & CEO,
Tara Brooks-Smith, Facilitator,                                                              Abyssinian Development Corporation
   NYS Dept. of Labor                         Hostos Community College/CUNY,               Kathryn Wylde, President & CEO,
Nydia Loyd, Facilitator, NYS Dept. of Labor   Bronx                                          Partnership for New York City
Marion Phillips, III, Facilitator, ESD
                                              Executive Session and Public Forum
John Moye, DOL                                                                             ELECTED OFFICIALS &
Andrew Fletcher, ESD                          ATTENDEES                                    REPRESENTATIVES (CITY)
Austin Shafran, ESD                           Hon. Robert Duffy, Lieutenant Governor       Jason Razefsky and Joseph Sciortino,
Maisha Lopa, CUNY, ESD Intern                                                                 representing Hon. James Molinaro,
                                                                                              Staten Island Borough President
                                              REGIONAL COUNCIL MEMBERS
                                                                                           Hon. Ruben Diaz, Jr., Bronx Borough
EXECUTIVE CHAMBER                             AND REPRESENTATIVES
                                                                                             President (w/ Raymond Sanchez and
REPRESENTATIVES                               Matthew Goldstein, Chancellor, The City        Wilhelm Ronda)
Hon. Robert Duffy, Lieutenant Governor          University of New York (co-chair)
                                                                                           John Bittner, representing Hon. Helen
                                                (w/ Jay Hershenson)
Rodney Capel, Governor’s Office                                                              Marshall, Queens Borough President
                                              Stuart Appelbaum, President, Retail,
Zach Greenky, Special Assistant,                                                           Thomas B. Donaldson, representing Hon.
                                                 Wholesale and Department Store
  Governor’s Office                                                                          Christine Quinn, Speaker of the NYC
                                                 Union, w/Ademola Oyefeso and Zayne
                                                                                             City Council
                                                 Abdessalan
                                                                                           Sara Valenzuela, representing Hon. Scott
STATE RESOURCE TEAM                           Marlene Cintron, President, Bronx Overall
                                                                                             Stringer, Manhattan Borough President
                                                Economic Development Corporation
Kiumars Amiri, NYSERDA                                                                     Andrew Steininger, representing Hon.
                                                (w/ Frank Randazo)
Wayne Benjamin, NYS DMV                                                                      Marty Markowitz, Brooklyn Borough
                                              Cesar J. Claro, President & CEO, Staten
Joseph Chan, MTA                                                                             President
                                                Island Economic Development
Janet Cox, Port Authority NY/NJ                 Corporation                                Hon. Diana Reyna, Member, City Council
                                                                                             (w/ Peter Pottier and Malcolm
Sobeida Cruz, NYS Power Authority             Carol Conslato, President, Queens
                                                                                             Sanborn-Hum)
                                                Chamber of Commerce
Phillip Eng, DOT                                                                           Dustin Engelken, representing Hon.
                                              Shaneequa Owuso, representing
Heather Sporn, DOT                                                                           Annabel Palma, Member, City Council
                                                Francine Y. Delgado, Seedco
Rachel Gordon, OPRHP                                                                       Cleveland E. Beckett, Jr., representing
                                              Mike Fishman, 32BJ SEIU
Sharon Griffith, NYSERDA                                                                      Hon. Larry Seabrook, Member,
                                                (w/ Amy Sugimori)
                                                                                              City Council
Venetia Lannon, NYSDEC                        Gail Grimmett, Delta Airlines
Adam Levine, DOT                              Josh Gold, representing Peter Ward,
Ellen Poliski, DOH                              Hotel & Motel Trades Council               ELECTED OFFICIALS &
                                              Steve Hindy, President, Brooklyn Brewery     REPRESENTATIVES (STATE)
Lindsay Robbins, NYSERDA
                                              Carl Hum, President & CEO,                   Hon. Jose Rivera, NYS Assembly Member
Gregory Watson, NYSHCS
                                                Brooklyn Chamber of Commerce               Hon. Marcos Crespo, NYS Assembly
Charles O’Shea, DOT
                                              Kenneth Knuckles, President & CEO, Upper       Member
                                                Manhattan Empowerment Zone                 Hon. Nelson Castro, NYS Assembly
                                                Development Corporation                      Member




58       NEW YORK CITY REGIONAL ECONOMIC DEVELOPMENT COUNCIL STRATEGIC PLAN
Hon. Michael Benedetto, NYS Assembly      STATE RESOURCE TEAM                          Wallace Ford, Mid-Bronx Senior
  Member                                                                                 Citizen Center
                                          Kiumars Amiri, NYSERDA
Hon. Gustavo Rivera, NYS Senator                                                       Joe Palozzola, NYS Homes and Community
                                          Wayne Benjamin, NYS DMV
  (w/ Maryann Rosa)                                                                      Renewal
                                          Sobeida Cruz, NYS Power Authority
Edu Hermelyn, representing Hon. Vanessa                                                Joe Margulies, DHCR
  L. Gibson, Member, NYS Assembly         Phillip Eng, DOT
                                                                                       Humberto Restrepo, Joint Industry Board
Isamari Puello, representing Hon.         Rachel Gordon, OPRHP                           of the Electrical Industry
   Carl Heastie, Member, NYS Assembly     Sharon Griffith, NYSERDA                     Ross A. Frommer, Columbia University
Cheryl Simmons-Oliver, representing       Ellen Poliski, DOH                             Medical Center
  Hon. Jose Serrano, NYS Serrano                                                       David Winters, Intrepid Air and Sea
                                          Gregory Watson, NYSHCS
                                                                                         Museum
                                          Michael Weber, DHCR
NEW YORK CITY MAYOR’S                     Jay-E Emmingham, NYSERDA
                                                                                       Irene Tsitko, Intrepid Air and Sea Museum
OFFICE                                    Alyssa Rothe, NYSERDA
                                                                                       Gabrielle Breslow, Center for Employment
Tokumbo Shobowale, representing                                                          Opportunities
                                          Phil Giltner, NYS Dept. of Agriculture
  Hon. Robert Steel, New York City                                                     Alison Bougatt, NYSAFAH
                                            and Markets
  Deputy Mayor                                                                         Rachel Sabella, TASC
                                                                                       Carla Precht, Bronx Children’s Museum
REGIONAL COUNCIL STAFF &                  HOSTOS COMMUNITY
                                                                                       Phil Jenkins, K. D. Dids, Inc.
ESD                                       COLLEGE
                                                                                       Lenny Caro, Bronx Chamber
                                          Dr. Felix V. Matos-Rodriguez, President,
Joseph Tazewell, NYC Regional Director,                                                Elana Shneyer, Pratt Area Community
                                             Hostos Community College
  ESD                                                                                     Council
                                          Lorraine Altman
Tara Brooks-Smith, Facilitator,                                                        Nicole J. Yearwood, City Parks Foundation
   NYS Dept. of Labor                     Deborah Reid
                                                                                       William Bellinger
Nydia Loyd, NYS Dept. of Labor            Corwin Spivey
                                                                                       Rebekah MacFarlane, SOBRO
Marion Phillips, III, Facilitator, ESD    Denyse Procope-Gregoire
                                                                                       Sara Garretson, ITAC
John Moye, DOL
                                                                                       Jonathan Stenger, Osborne Association
Andrew Fletcher, ESD                      CUNY
                                                                                       Amy Anderson, Pratt Center
Ingrid Nathan, ESD                        Jay Hershenson, Senior Vice Chancellor
                                             for University Relations & Board          William Budd, Hudson Square Connection
Jim Brown, DOL
                                             Secretary, CUNY                           Alex Brussouansky, Volunteers of America
Curtis Cravens, DOS
                                          Dr. Suri Duitch, University Associate Dean   Chris Borgatti, NYU Langone Medical
Justin Ginsburgh, ESD                        for Continuing Education                    Center
Maisha Lopa, CUNY, ESD Intern             Amanda Daly, Director of Green Education     Anne O’Hara, Callen-Lorde Community
David Weinberger, CUNY, ESD Intern          and Training Programs                        Health Center
Austin Shafran, ESD                       Howard Apsan, University Director,           Patricia Kerr, NHS of Jamaica, Inc.
Antonio Rodriguez, ESD                      Environmental Health and Safety            Mike Heller, Albert Einstein College of
                                          Hourig Messerlian                              Medicine
                                          Anthony Vargas                               Medina Sadig, Southern Blvd. Business
EXECUTIVE CHAMBER REPRE-                                                                 Improvement District
SENTATIVES                                Shanequa Terry
                                          Theresa Desmond                              Loftin Flowers, Columbia University
Hon. Robert Duffy, Lieutenant Governor
                                          Nancy Ruehling                               Darryl Hollon, Economic Development
Irene Baker, Executive Vice President,                                                   Consultant
   Director of Regional Councils
                                                                                       Nathalie Alegre, ALIGN
Rodney Capel, Governor’s Office           PUBLIC FORUM                                 Louis Kilkenny, NHSNYC
Zach Greenky, Special Assistant,          Paulette Enriquez, Lehman College
  Governor’s Office                                                                    Valerie Neng, WHEDCO
                                          Justin Rodgers, Greater Jamaica
                                                                                       Earnest Langhorne, NYSHCR
                                            Development Corp.
                                          Clarence Stanley, Lehman College Small
                                             Business Development
                                          Marlin Jenkins, Mid-Bronx Senior
                                            Citizen Center




                                            NEW YORK CITY REGIONAL ECONOMIC DEVELOPMENT COUNCIL STRATEGIC PLAN                   59
Sixth Meeting                                   Kathryn Wylde, President & CEO,               Nydia Loyd, NYS Dept. of Labor
                                                  Partnership for New York City               Marion Phillips, III, Facilitator, ESD
(Tuesday, November 8, 2011)
                                                                                              John Moye, DOL
Brooklyn College/CUNY, Brooklyn                 ELECTED OFFICIALS AND                         Andrew Fletcher, ESD
                                                REPRESENTATIVES (CITY)                        Ingrid Nathan, ESD
Executive Session and Public Forum
                                                Jason Razefsky and Joseph Sciortino,          Jim Brown, DOL
                                                   representing Hon. James Molinaro,
REGIONAL COUNCIL MEMBERS                           Staten Island Borough President            Curtis Cravens, DOS
& REPRESENTATIVES                                                                             Justin Ginsburgh, ESD
                                                Hon. Ruben Diaz, Jr., Bronx Borough
Matthew Goldstein, Chancellor, The City           President (w/ Raymond Sanchez)              Maisha Lopa, CUNY, ESD Intern
  University of New York (co-chair)
  (w/ Jay Hershenson)                           Shira Gans and Alaina Gilligo, representing   David Weinberger, CUNY, ESD Intern
                                                  Hon. Scott Stringer, Manhattan Borough      Austin Shafran, ESD
Stephen Lemson, Vice President for State          President
   Government Affairs, American Express
   Company, representing Kenneth I.             Hon. Marty Markowitz, Brooklyn Borough
   Chenault, American Express (co-chair)          President (w/ Andrew Steininger and         EXECUTIVE CHAMBER
                                                  Kathryn Kirk)                               REPRESENTATIVES
Stuart Appelbaum, President, Retail,
   Wholesale and Department Store               Peter Pottier, Malcolm Sanborn-Hum, and       Hon. Robert Duffy, Lieutenant Governor
   Union, w/Ademola Oyefeso and Zayne             Joseph Bival, representing Hon. Diana       Rodney Capel, Governor’s Office
   Abdessalam                                     Reyna, Member, City Council
                                                                                              Zach Greenky, Special Assistant,
Frank Randazzo, representing Marlene            Hon. Melissa Mark-Viverito, Member,             Governor’s Office
   Cintron, President, Bronx Overall              City Council
   Economic Development Corporation             Thomas B. Donaldson, representing Hon.
Cesar J. Claro, President & CEO, Staten           Christine Quinn, Speaker of the NYC         STATE RESOURCE TEAM
  Island Economic Development                     Council                                     Wayne Benjamin, NYS DMV
  Corporation (w/ Steve Grillo)                                                               Rachel Gordon, OPRHP
Carol Conslato, President, Queens               ELECTED OFFICIALS AND                         Sharon Griffith, NYSERDA
  Chamber of Commerce                           REPRESENTATIVES (STATE)                       Ellen Poliski, DOH
Francine Y. Delgado, Seedco                     Caesar Nguyen and Nelly Vazquez,              Gregory Watson, NYSHCS
   (w/ Shaneequa Owuso)                           representing Hon. Felix Ortiz,
                                                                                              Jay-E Emmingham, NYSERDA
Amy Sugimori, representing Mike                   NYS Assembly Member
  Fishman, 32BJ SEIU                                                                          Phil Giltner, NYS Dept. of Agriculture
                                                                                                and Markets
Steve Hindy, President, Brooklyn Brewery
                                                ELECTED OFFICIALS AND                         Heather Sporn, NYS DOT
Carl Hum, President & CEO, Brooklyn             REPRESENTATIVES (FEDERAL)
  Chamber of Commerce                                                                         Sara Jayanthi, NYSERDA
                                                Dale DeGale, representing Hon.                J. Margolies, HCR
Kenneth Knuckles, President & CEO, Upper          Yvette Clark, U.S. Congresswoman
  Manhattan Empowerment Zone                                                                  Joe Palozzola, HCR/HFA
  Development Corporation
Gary LaBarbera, NYC Buildings and               NEW YORK CITY MAYOR’S
  Construction Trades Council, President        OFFICE                                        BROOKLYN COLLEGE
  (w/ Heather Beaudoin)                                                                       Karen Gould, President
                                                Tokumbo Shobowale, representing
Peter Spinella, representing Nick Lugo,           Hon. Robert Steel, New York City            Steve Little
  President, Hispanic Chamber of                  Deputy Mayor
  Commerce
                                                                                              CUNY
Dr. Marcia V. Keizs, President, York College,
   CUNY
                                                REGIONAL COUNCIL STAFF                        Suri Duitch, University Associate Dean for
                                                Kenneth Adams, ESD                              Continuing Education
Michael Slattery, representing Steve
  Spinola, President, Real Estate Board of      Joe Chan, ESD                                 Howard Apsan, University Director,
  New York                                                                                      Environmental Health and Safety
                                                Peter Davidson, ESD
Douglas C. Steiner, Steiner Studios                                                           Hourig Messerlian
                                                Joseph Tazewell, NYC Regional Director,
Sheena Wright, President & CEO,                   ESD                                         Anthony Vargas
  Abyssinian Development Corporation            Tara Brooks-Smith, Facilitator,               Shanequa Terry, CUNY
                                                   NYS Dept. of Labor                         Theresa Desmond, CUNY




60      NEW YORK CITY REGIONAL ECONOMIC DEVELOPMENT COUNCIL STRATEGIC PLAN
PUBLIC FORUM                             Michael Burke, DBP
Zena Nelson, Women’s Venture Fund        Jeff Rosenblum, Acumen
Bill Wilkins, LDCENY                     Gene Johnson, unaffiliated
Bryan Barrett, SBIDC                     Nette Compton, NYC Parks
Elana Shneyer, PACC                      Mo George, Community Voices Heard
Ashish Dua, Acumen                       Alexandra Dawson, Roffe Group
Michael Unthank, Harlem Arts Alliance    Victor Hall, Calvary Baptist Church
Sarah Figuereo, NYC Public Advocate      Deana Hare, NYC Parks
Emily Osgood, NYU Wagner                 Rajive Maret, D&F Development
                                           Group, LLC
Michael Golan, United Community
  Centers, Inc.                          Jonelle Procope, Apollo Theater
J. Bocian, Manatt                        Derek McPhatter, Apollo Theater
Andrew Flamm, Renaissance Economic       Humerto Restrepo, Joint Industry Board of
  Development                              the Electrical Industry
Tom Conoscenti, Downtown Brooklyn        David Meade, Southwest Brooklyn
  Partnership                              Industrial Development Corp.
Janelle Greene, NHS of NYC               Anthony Drummond, unaffiliated
David Bronston, Cozen O’Connor           Dean Balsamini, SBDC at CSI
A. Linda Franks, ITAC                    Victor Bach, Community Service Society
Susan Marenoff, Intrepid
Jeremie Sautter, Hunts Point Economic
   Development Corp.
Ted Houghton, Supportive Housing
  Network of NY
N. Johnson Yearwood, City Parks
Sayar Lonial, NYU
William Budd, Hudson Square Connection
Anthony Piscitelli, WEMED
Alex Moore, Roffe Group
Renee Schoonbeek, Hudson Square
  Connection
Ellen Baer, Hudson Square Connection
Michelle Amador, ISSUE Project Room
Joe Levy, Apollo Theater
Tom Vanden Bout, ISSUE Project Room
Jason Schwartz, City Parks
J. Williams, 99 Solutions
S. Howard, 99 Solutions
Andrew Kimball, Brooklyn Navy Yard
  Development Corporation
Tim Laughlin, LES BID
Bob Zuckerman, LES BID
Laura Imperiale, Tully Construction
Eva Cramer, SUNY Downstate
David Norton, SUNY Downstate
Amanda Verrette, NY City Watch
Leah Archibald, EWVIDCO




                                           NEW YORK CITY REGIONAL ECONOMIC DEVELOPMENT COUNCIL STRATEGIC PLAN   61
Appendix B: Work Group Meetings




Vision Statement Work                 Tokumbo Shobowale,                       Maisha Lopa, CUNY, ESD Intern
                                        representing Deputy Mayor
Group                                   Robert Steel
                                                                               John Moye, DOL
                                                                               Ademola Oyefeso,
(August 18, 2011)                     Michael Slattery,                          representing Stuart Appelbaum
                                        representing Steve Spinola
                                                                               Shauneequa Owusu,
CO-FACILITATORS                       Peter Spinella, representing Nick Lugo     representing Francine Delgado
Steve Lemson,                         Amy Sugimori,                            Marion Phillips, III, ESD
   representing Kenneth Chenault        representing Mike Fishman
                                                                               Jason Razesfky,
Suri Duitch,                          Joe Tazewell,                               representing Staten Island Borough
  representing Matthew Goldstein        ESD and Executive Director                President
                                      David Weinberger, CUNY, ESD Intern       Raymond Sanchez,
ATTENDING                                                                        representing Bronx Borough
                                                                                 President
Dr. Howard Apsan, CUNY                Public Participation Work                Michael Slattery,
John Bittner, representing Queens     Group                                      representing Steve Spinola
  Borough President
                                      (August 18, 2011)                        Peter Spinella, representing Nick Lugo
Jonathan Bowles,
  Center for an Urban Future                                                   Andrew Steininger,
                                      CO-FACILITATORS                            representing Brooklyn Borough
Tara Brooks-Smith, DOL                                                           President
Marlene Cintron,                      Steve Lemson,
                                         representing Kenneth Chenault         Tim Sullivan,
  Bronx Overall Economic                                                         representing Deputy Mayor
  Development Corp.                   Jay Hershenson,                            Robert Steel
Josh Gold, representing Peter Ward       representing Matthew Goldstein
                                                                               Joe Tazewell,
Jay Hershenson, CUNY                                                             ESD and Executive Director
Kenneth J. Knuckles, UMEZDC           ATTENDING                                David Weinberger, CUNY, ESD Intern
Nydia Loyd, DOL                       Howard Apsan, CUNY
Maisha Lopa, CUNY, ESD Intern         John Bittner,
                                        representing Queens Borough            Regulatory Environment
John Moye, DOL
                                        President                              Work Group
Marcel van Ooyen, GrowNYC
                                      Tara Brooks-Smith, DOL                   (September 8, 2011)
Shauneequa Owusu,
                                      Marlene Cintron, Bronx Overall EDC
  representing Francine Delgado
Ademola Oyefeso,
                                      Carol Conslato,                          CO-FACILITATORS
                                        Queens Chamber of Commerce
  representing Stuart Appelbaum                                                Dr. Howard Apsan, CUNY
                                      Josh Gold, representing Peter Ward
Merrill Pond,                                                                  Daliz Pérez-Cabezas, CUNY
  representing Kathy Wylde            Arana Hankin, Atlantic Yards
Raymond Sanchez,                      Marcia Keizs, York College, CUNY
  representing Bronx Borough
                                                                               ATTENDEES
                                      Kenneth J. Knuckles, UMEZDC
  President                                                                    Zayne Abdessalam,
                                      Nydia Loyd, DOL                            representing Stuart Appelbaum



62     NEW YORK CITY REGIONAL ECONOMIC DEVELOPMENT COUNCIL STRATEGIC PLAN
Curtis Archer,                            Corporation                            Shira Gans,
  Harlem Community Development          Peter Spinella, representing Nick Lugo     representing Manhattan Borough
  Corporation                                                                      President
                                        Amy Sugimori,
Heather Beaudoin,                         representing Mike Fishman              Sara Garretson, ITAC
  representing Gary LaBarbera                                                    Jay Hershenson,
                                        Anthony Tucci,
Jonathan Bowles,                          representing Cesar Claro                  representing Matthew Goldstein
  Center for an Urban Future                                                     Jody Kass,
                                        Cortney Worrall,
Nancy Carin,                                                                       New Partners for Community
                                          Metropolitan Waterfront Alliance
  Business Outreach Center                                                         Revitalization
  Network, Inc.                                                                  Andrew Kimball,
Wellington Chen,                        Developing Strategies for                  Brooklyn Navy Yard Development
  Chinatown Partnerships                                                           Corporation
                                        Identifying Catalytic and
Marlene Cintron, BOEDC                                                           Aaron Meyerson,
                                        Transformative Projects                    representing Steve Spinola
Ashley Cotton,
  representing Deputy Mayor
                                        Work Group                               Dr. Alfred Ntoko,
  Robert Steel                          (September 8, 2011)                         representing Dr. Marcia Keizs
Curtis Cravens,                                                                  Eric Ottoway,
  New York Department of State          FACILITATOR                                 representing Steve Hindy
Thomas Donaldson,                                                                Marcel Van Ooyen, GrowNYC
                                        Dr. Suri Duitch, CUNY
  representing Council Speaker                                                   Shauneequa Owusu,
  Christine Quinn                                                                  representing Francine Y. Delgado
Robert Englert,                         ATTENDEES                                Ademola Oyefeso,
  representing Staten Island Borough    Zayne Abdessalam,                          representing Stuart Appelbaum
  President                               representing Stuart Appelbaum          Marion Phillips, III, ESD
Francine Delgado, Seedco                Heather Beaudoin,                        Angela Sung Pinsky,
Matthew Goodman, ITAC                     representing Gary LaBarbera              representing Steve Spinola
Gail Grimmett, Delta Airlines           Wayne Benjamin,                          Nancy Ploeger,
Jay Hershenson,                           Harlem Community Development             Manhattan Chamber of Commerce
   representing Matthew Goldstein         Group
                                                                                 Jason Razefly,
Andrew Kimball,                         Nancy Carin,                                representing Staten Island Borough
  Brooklyn Navy Yard Development          Business Outreach Center                  President
  Corporation                             Network Inc.
                                                                                 Justin Rodgers,
Venetia Lannon,                         Wellington Chen,                           Greater Jamaica Development
  New York State Department of            Chinatown Partnerships                   Corporation
  Environmental Conservation            Marlene Cintron,                         Tokumbo Shobowale,
Aaron Meyerson,                           Bronx Overall Economic                   representing Deputy Mayor
  representing Steve Spinola              Development Corp.                        Robert Steel
Dr. Alfred Ntoko,                       Carol Conslato,                          Douglas C. Steiner, Steiner Studios
   representing Dr. Marcia Keizs          Queens Chamber of Commerce
                                                                                 Amy Sugimori,
Eric Ottoway,                           Curtis Cravens,                            representing Mike Fishman
   representing Steve Hindy               New York Department of State
                                                                                 Andrew Steininger,
Ademola Oyefeso,                        Thomas Donaldson,                          representing Brooklyn Borough
  representing Stuart Appelbaum           representing Council Speaker             President
                                          Christine Quinn
Angela Sung Pinsky,                                                              Joseph Tazewell,
  representing Steve Spinola            Robert Englert,                            ESD and Executive Director
                                          representing Staten Island Borough
Jason Razefsky,                           President                              Anthony Tucci,
   representing Staten Island Borough                                              representing Cesar Claro
   President                            Jack Friedman,
                                           Queens Chamber of Commerce            Cortney Worrall,
Humberto Restrepo,                                                                 Metropolitan Waterfront Alliance
  Joint Industry Board
Justin Rodgers,
  Greater Jamaica Development




                                         NEW YORK CITY REGIONAL ECONOMIC DEVELOPMENT COUNCIL STRATEGIC PLAN              63
Project Evaluation                     Angela Sung Pinsky,                     Amanda Eyrich Daly, CUNY
                                         representing Steve Spinola
Criteria and Consolidated              Nancy Ploeger,
                                                                               John Eddy, Steiner Studios

Funding Application                      Manhattan Chamber of Commerce
                                                                               Jack Friedman,
                                                                                  representing Carol Conslato
(CFA) Endorsement                      Frank Randazzo,                         Jay Hershenson,
Standards Work Group                      representing Kenneth Knuckles           representing Matthew Goldstein
                                       Jason Razefly,                          Steve Hindy, Brooklyn Brewery
(September 8, 2011)
                                          representing Staten Island Borough
                                          President                            Jukay Hsu, Coalition for Queens
FACILITATOR                            Justin Rodgers,                         Carl Hum,
                                         Greater Jamaica Development             Brooklyn Chamber of Commerce
Shayne Spaulding, CUNY
                                         Corporation                           Kenneth Knuckles,
                                       Humberto Restrepo,                        Upper Manhattan Empowerment
ATTENDEES                                Joint Industry Board                    Zone Development Corporation
Zayne Abdessalam,                                                              Geoff Kravitz,
                                       Amy Sugimori,
  representing Stuart Appelbaum                                                  Staten Island Chamber of
                                         representing Mike Fishman
Wayne Benjamin, ESD                                                              Commerce
                                       Raymond Sanchez,
Tara Brooks-Smith,                       representing Bronx Borough            Oliver Lednicer,
   NYS Department of Labor               President                                Manufacturer’s Association of
                                                                                  New York
Nancy Carin,                           Tim Sullivan,
  Business Outreach Center Network       representing Deputy Mayor             Lili Lynton,
                                         Robert Steel                              New York City Investment Fund
Wellington Chen,
  Chinatown Partnerships               Joseph Tazewell,                        Andy Manshel,
                                         ESD and Executive Director              Greater Jamaica Development
Carol Conslato,
                                                                                 Corporation
  Queens Chamber of Commerce           Anthony Tucci,
                                         representing Cesar Claro              John Moye,
Curtis Cravens,
                                                                                 New York State Department
  New York Department of State         Kathryn Wylde,                            of Labor
Thomas Donaldson,                        Partnership for New York City
                                                                               Marion Phillips, III, ESD
  representing Council Speaker
  Christine Quinn                                                              Dr. Alfred Ntoko,
Francine Delgado, SEEDCO
                                       Small Business                             representing Dr. Marcia Keizs

Robert Englert,                        Development Work                        Stuart Schulman,
                                                                                  Field Center, Baruch College/CUNY
  representing Staten Island Borough   Group
  President                                                                    Jane Schulman,
                                       (September 20, 2011)                      LaGuardia Community College/CUNY
Alinda Franks, ITAC
                                                                               Peter Spinella,
Jack Friedman,
   representing Carol Conslato
                                       FACILITATOR                               representing Nick Lugo
                                       Dr. Suri Duitch, CUNY                   Joe Tazewell,
Jay Hershenson,
                                                                                 ESD and Executive Director
   representing Matthew Goldstein
Nydia Loyd, NYS Department of Labor    ATTENDEES
Aaron Meyerson,                        Zayne Abdessalam,
  representing Steve Spinola             representing Stuart Appelbaum
John Moye, NYS Department of Labor     Leah Archibald, EWVIDCO
Dr. Alfred Ntoko,                      Dean Balsamini,
   representing Dr. Marcia Keizs         Small Busines Development Center
Eric Ottoway,                            at College of Staten Island/CUNY
   Brooklyn Brewery, representing      Nancy Carin,
   Steve Hindy                           Business Outreach Center
Shauneequa Owusu,                        Network, Inc.
  SEEDCO (w/Francine Delgado)          K.Y. Chan, GM Printing
Ademola Oyefeso,                       Carol Conslato,
  representing Stuart Appelbaum          Queens Chamber of Commerce




64      NEW YORK CITY REGIONAL ECONOMIC DEVELOPMENT COUNCIL STRATEGIC PLAN
Infrastructure Work                       Tokumbo Shobowale,                        Raymond Sanchez,
                                            representing Deputy Mayor                 representing Bronx Borough
Group                                       Robert Steel                              President
(September 20, 2011)                      Joseph Simenic,                           Andrew Steininger,
                                            Lower Manhattan Development               representing Brooklyn Borough
                                            Corporation                               President
FACILITATOR
                                          Dr. Gillian Small, CUNY                   Joseph Tazewell,
Dr. Suri Duitch, CUNY                                                                 ESD and Executive Director
                                          Dr. Bill Solecki, CUNY
                                          Joseph Tazewell,
MEMBERS                                     ESD and Executive Director
Zayne Abdessalam,
  representing Stuart Appelbaum
Dr. Sanjoy Banerjee, CUNY                 Human Capital Work
Michael Bobker, CUNY                      Group
Dr. Ted Brown, CUNY                       (September 20, 2011)
Hope Cohen,
  Regional Planning Association           FACILITATOR
Curtis Cravens,                           Dr. Suri Duitch, CUNY
  New York Department of State
Fredericka Cuenca, MTA
Amanda Eyrich Daly, CUNY
                                          ATTENDING
                                          Zayne Abdessalam,
Thomas Donaldson,
                                            representing Stuart Appelbaum
  representing Council Speaker
  Christine Quinn                         Tara Colton,
                                             Mayor’s Office of Adult Education
John Eddey,
  representing Douglas C. Steiner         Thomas Donaldson, NYC Council
Jack Friedman,                            John Eddey,
   representing Carol Conslato              representing Douglas C. Steiner
Steven Grillo, representing Cesar Claro   Steven Grillo, representing Cesar Claro
Jennifer Hensley,                         Jay Hershenson,
  Association for a Better New York          representing Matthew Goldstein
Jay Hershenson,                           Ted Houghton,
   representing Matthew Goldstein           Supportive Housing Network of
                                            New York
Laura Imperiale,
  Tully Construction Group                Hugo Kijne,
                                            College of Staten Island, CUNY
Geoffrey D. Kravitz, Esq.,
  representing Cesar Claro                Nnenna Lynch,
                                            representing Deputy Mayor
Andrew Manshel,
                                            Robert Steel
  Greater Jamaica Development Corp.
                                          David Meade,
John Moye,
                                            South Brooklyn Industrial
  NYS Department of Labor
                                            Development Corporation
Dr. Alfred Ntoko,
                                          John Moye, NYS DOL
   representing Dr. Marcia V. Keizs
                                          Jeanette Nigro, representing Carl Hum
Marion Phillips, ESD
                                          Dr. Alfred Ntoko,
Angela Sung Pinsky,
                                             representing Dr. Marcia V. Keizs
  representing Steve Spinola
                                          Daliz Perez-Cabezas, CUNY
Raymond Sanchez,
  representing Bronx Borough              Marion Philips, III, ESD
  President                               Merrill Pond,
Michael Scotto,                             representing Kathy Wylde
  representing Kathy Wylde




                                            NEW YORK CITY REGIONAL ECONOMIC DEVELOPMENT COUNCIL STRATEGIC PLAN        65
PHOTO CREDITS:
Staten Island Ferry — ©iStockphoto.com/PEDRE
Aerial view of Manhattan, New York City — ©iStockphoto.com/contour99
Unisphere in Corona Park — ©iStockphoto.com/TexPhoto
Aerial view of Manhattan, New York City — ©iStockphoto.com/contour99
Shopping at the Farmer’s Market — ©iStockphoto.com/leezsnow
Brooklyn Navy Yards — ©iStockphoto.com/ivar
Brooklyn Bridge cyclist— ©iStockphoto.com/peterspiro
Manhattan Pier Skyline — ©iStockphoto.com/sx70
Bronx Zoo center — rj lerich/Bigstock.com
New York Botanical Garden — xmasbaby/Bigstock.com
Public Park Solar Panel — Goldenwheels/Bigstock.com
Courthouse — CUNY
Coney Island, Cyclone — CUNY
Times Square pedestrian mall— CUNY
Staten Island Ferry entrance — City of New York
Howard Hook container — City of New York
NYC Terminal Produce Market — City of New York
Green Zone — NYC EDC
Taystee Bakery Project — NYC EDC
Brooklyn brownstones — Brook Jackson
Brooklyn Flea — Annabelle Ladao
DeKalb Market — Annabelle Ladao

GRAPHICS:
Rich Sheinaus

				
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