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AMERICANNewsline

16 JUNE 14, 2024

“CITY OF YES” PROPOSAL

NYC Mayor Adams Celebrates New Age of

Economic Opportunity For The City

INITIATIVE WILL SUPPORT SMALL BUSINESSES, ENTREPRENEURS, ECONOMIC GROWTH TO DELIVER LARGEST
OVERHAUL OF CITY’S COMMERCIAL AND MANUFACTURING ZONING IN 60 YEARS

OUR BUREAU
NEW YORK, NY
ew York City Mayor Eric Adams and New
York City Department of City Planning
N(DCP) Director and City Planning Com-
mission (CPC) Chair Dan Garodnick on Monday
celebrated the New York City Council’s approval
of “City of Yes for Economic Opportunity,” a set of
citywide zoning changes the Adams administration
introduced that will further fuel New York City’s
economic recovery and pave the way for a more
inclusive and prosperous future for New York
businesses. Together, the proposed set of changes
will help businesses find space and grow, support
entrepreneurs and freelancers, boost growing in-
dustries, and enable more vibrant streetscapes and
commercial corridors. City of Yes for Economic
Opportunity is the second of the Adams adminis-
tration’s three “City of Yes” initiatives — the first
being “City of Yes for Carbon Neutrality,” and the
third being “City of Yes for Housing Opportunity.” New York City by 2032 and finally tackle our city’s “‘City of Yes for Economic Opportunity’ is a
“When we came into office two years ago, we housing crisis. We look forward to working with huge opportunity for the Adams administration
committed to turning New York City into a ‘City the City Council to deliver this important win for to take a major step forward to drive econom-
of Yes.’ We unveiled three landmark proposals to New Yorkers.” ic growth across New York City, while enabling
transform our city’s zoning laws and help combat “Today marks a significant milestone for New more vibrant public spaces and revitalizing some
climate change, unleash job growth, and build new York City’s economic future,” said First Deputy of our commercial corridors,” said New York City
housing,” said Mayor Adams. “With today’s pas- Mayor Sheena Wright. “With the approval of ‘City Economic Development Corporation President
sage of ‘City of Yes for Economic Opportunity,’ we of Yes for Economic Opportunity,’ we’re not just and Chief Executive Officer Andrew Kimball. “I
have taken another historic step to bring our city’s embracing change, we’re championing it. These applaud the City Council for recognizing the im-
zoning code into the 21st century and build a more zoning changes reflect our commitment to foster- portance of these zoning changes, which will be
inclusive and prosperous economy. Our proposal ing a more inclusive and vibrant city, where busi- critical to growing small businesses, and the De-
will replace outdated restrictions on businesses nesses can thrive, entrepreneurs can flourish, and partment of City Planning, and so many other city
with new rules that support sustainable job growth, our communities can grow. As we pave the way for a agencies, for the enormous amount of work they
help businesses open and expand, and fill vacant more prosperous future, let’s remember: in the ‘City put in and for their continued advocacy for this
storefronts. After decades of inaction, it will move of Yes,’ opportunities abound for all New Yorkers.” critical initiative.”
our city’s zoning code into the future, laying the “The ‘City of Yes’ is a landmark proposal driv- “The ‘City of Yes for Economic Opportunity’
foundation for long-term growth across all five en by the vital role of small businesses in powering increased densities and greater flexibility in build-
boroughs. Quite simply, it will take us from a ro- our city’s economy, and the ‘City of Yes for Eco- ing layout and bulk will help foster thriving com-
tary phone mentality and bring us into the smart nomic Opportunity,’ builds on this foundation, po- mercial and industrial districts throughout New
phone world. Thank you to our partners in the City sitioning New York City as the leader in growth and York City,” said Jesse Solomon, executive director
Council — including Speaker Adams and Chairs quality of life,” said New York City Department of the Southwest Brooklyn Industrial Develop-
Riley and Salamanca — who delivered a land- of Small Business Services Commissioner Kevin ment Corporation. “We are particularly heartened
mark win for all New Yorkers with today’s vote. D. Kim. “By modernizing our zoning laws, we are by non-industrial restrictions in core industrial dis-
However, our work is not yet complete. Later this creating new opportunities and empowering our tricts and increased industrial incentive bonuses
year, the City Council will vote on the third and small businesses to reach their full potential. We in transition districts – we believe these measures
final piece of our plan: ‘City of Yes for Housing thank the New York City Council and DCP Direc- will spur new industrial development and continue
Opportunity.’ By building a little more housing in tor Dan Garodnick for their pivotal role in passing to grow the number of accessible good-paying in-
every neighborhood, we can get significantly closer this milestone legislation and ensuring the success dustrial jobs that form the backbone of New York
to our goal of building 500,000 new homes across of our communities.” City’s economy.”

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