Industry Expansion & Cultivation

New York City has seen very strong economic growth over the past five years. We must catalyze future growth through a more diversified economy with increased employment across a broader set of industries.

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Challenges & Opportunities

New York City's anchor industries like finance and insurance account for 30% of the city's payroll, but they are only 9% of total employment. Supporting the growth of innovation industries will diversify our economy, create opportunities for growth, and reduce our city's economic risk.

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Initiatives

"To grow a diversified economy that offers quality jobs to all New Yorkers, the City must unlock the potential for businesses—in traditional industries, the innovation economy, and small businesses—to grow and innovate.

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Maintain New York as the global capital for innovation by supporting high-growth and high-value industries.

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Make triple-bottom line investments in infrastructure and city-owned assets to capture economic, environmental, and social returns.


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Foster an environment in which small businesses can succeed.