Mayoral candidate Bill de Blasio’s lofty goal of leveling inequality suggests big changes at the Economic Development Corporation. But his broad policies won’t bring sweeping transformation — the EDC is spreading out its resources without him.
Mayoral hopeful Bill de Blasio has ambitious plans to reshape the inequalities in the real estate market by mandating developers to build affordable housing.
New York’s next mayor wants a Brooklyn Navy Yard in each borough.
Competing interests for city funding leave manufacturing districts with fewer resources.
The City is trying to replicate the success of the Small Business Storefront Improvement Pilot Program along Beach 116th, making it available to nearly any Superstorm Sandy impacted business that falls within an evacuation zone.
The plan to form a Jackson Heights-Corona Business Improvement District, has hit a snag after a group of local business owners and residents have voiced opposition to the plan, but organizers of the BID say they will take as much time is needed to drum up local support and form the BID.
What originally attracted people to Brooklyn – cheaper rents than Manhattan and cultural amenities – are now pulling people across the river to Queens, especially as neighborhoods throughout the borough continue to improve.
A small number of startups have put Queens on the map as a potential place for the city’s expanding tech industry. Local advocates and business leaders believe the borough’s immigrant population—combined with affordable real estate and the promise of better amenities—could attract more companies to join its nascent tech scene and generate more jobs.