Mayor Eric Adams and Kathy Hochul Announce NYC Economy Panel

Two citizen leaders will head a commission to help the Big Apple recover from the COVID-19 pandemic, Mayor Eric Adams and Gov. Kathy Hochul announced Tuesday — two days before a meeting between Hizzoner and company executives to to address public safety concerns in the wake of the unprovoked Q-Train shooting.

The New York New York blue-ribbon panel — tasked with making recommendations on actions to help the five boroughs’ recovery from the pandemic-induced economic slowdown — will be chaired by Richard Buery, CEO of Robin Hood, and Dan Doctoroff, a Top economists who headed development officials for former Mayor Michael Bloomberg revealed the couple.

The panel’s work will “focus on how and where people work, as well as the mix and use of space in key employment hubs, with the aim of minimizing vacancy, catalyzing liveliness and strengthening the tax base,” according to a joint Tuesday morning Press release by the two CEOs.

Dan Doctoroff, Chairman of The Shed,
Former Bloomberg official Dan Doctoroff claimed the Big Apple will recover much like it did after the 9/11 terrorist attacks.
Nathan Dvir

“While our city continues to create jobs faster than the rest of the country, we still have more work to do to ensure all New Yorkers have access to family-supporting careers,” Adams said in a prepared statement.

The mayor – who has repeatedly urged New York office workers to return to their desks in recent months – said the panel will be responsible for “developing actionable strategies to build a fairer economy, reshape our central business districts, and prepare our city.” “ to be a leader in the industries of the future.”

“It is critical that we find new, innovative solutions to move New York’s economy forward as we continue to recover better than ever from the COVID pandemic,” Hochul said in the release, echoing the name of President Joe’s social spending plan biden

Robin Hood CEO Richard Buery
Robin Hood CEO Richard Buery and former Deputy Mayor Richard Buery pledged to invest millions in New York City’s child care sector.
David McGlynn
Mayor Eric Adams announces economic development plan
Mayor Adams argues that workers in the Big Apple can have “careers to sustain families.”
New York Mayor’s Office
Mayor Eric Adams said economic recovery will prioritize support for
Mayor Adams said economic recovery will prioritize support for “small businesses.”
New York Mayor’s Office

“The ‘New’ New York Panel is laying the groundwork today to usher in a brighter future, and their expertise will help support bold initiatives in every corner of the state.”

Buery – whose anti-poverty foundation recently worked with the mayor to allocate $100 million to the childcare sector – said: “New York City has always found new ways to reinvent itself and the post-COVID era will be no different as New York’s dynamism, ambition and entrepreneurial spirit are second to none.”

“The key question going forward is not whether New York will recover, but how and who will participate,” he added. “Creating vibrant commercial hubs across the city underscores our commitment to inclusion and equity and positions New York City as an engine of opportunity for all New Yorkers and our economy, a global example of how to advance universal prosperity.”

Doctoroff – former head of urban planning firm Sidewalk Labs – compared the new effort to the city’s rebuilding after the terrorist attacks on the Twin Towers in 2001.

“After 9/11, we rethought and redesigned central business districts across the city—in Hudson Yards, Lower Manhattan, Downtown Brooklyn, Long Island City, Harlem, Flushing and Jamaica. I never thought that just two decades later we would have to do it all over again,” he said.

“But work is changing, technology is opening up new ways of creating places, and we can be much more selective about how we connect people to opportunity.”

The panel’s announcement comes two months after Adams pledged to establish a “blue ribbon commission” on the city’s post-pandemic recovery when he released a 63-page economic recovery plan.

Governor Kathy Hochul
Gov. Hochul argued that the Big Apple is building “better than ever.”
Lev Radin/Pacific Press via ZUMA Press Wire
Mayor Eric Adams stares at a beggar while riding the D-train to the 4 train to City Hall on May 23, 2022.
Adams stares at a beggar while boarding the D-train to the 4 train to City Hall on May 23, 2022.
Jacob Messerschmidt

It also comes after Adams on Monday scheduled an emergency meeting for Thursday with the Big Apple’s business honchos to assuage recently heightened fears of commuting to offices amid rising transit crime.

Subway crime rates have skyrocketed since the start of the COVID-19 pandemic — from 1.47 crimes per million passengers in 2019 to 2.11 crimes per million passengers in April 2022, according to the latest data from the NYPD and MTA.

Meanwhile, during an independent news conference Monday, Adams predicted that the Sunday morning shooting of Goldman Sachs employee Daniel Enriquez would have a “deterrent effect” on commuting by public transport.

Mayor Eric Adams announces economic development plan
Mayor Adams has asked the Albany legislature for civic control of the city’s schools.
New York Mayor’s Office
Mayor Eric Adams fist pumps a small business owner.
Mayor Adams Faust is pumping a small business owner.
New York Mayor’s Office

The Post reported exclusively on Monday that following the random shooting in broad daylight – the fourth subway homicide of 2022 – Goldman Sachs bankers have expressed fears they may be the target of violent crime on their way to the office .

https://nypost.com/2022/05/24/mayor-eric-adams-kathy-hochul-announce-panel-for-nyc-economy/ Mayor Eric Adams and Kathy Hochul Announce NYC Economy Panel

JACLYN DIAZ

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