Details Meeting Name: Committee on Economic Development Agenda status: Final Meeting date/time: 6/13/2024 1:00 PM Minutes status: Final   Meeting location: Committee Room - City Hall Published agenda: Agenda Published minutes: Minutes   Meeting video: Video   Attachments: CLICK ANY FILE # BELOW (in blue) TO ACCESS LEGISLATION AND ATTACHMENTS Meeting Items (15) 15 records Group Clear sorting Clear grouping Group by Type Group by Result Export Export to Excel Export to PDF Export to Word Show: All agenda items Legislation only All agenda items File # Ver. Prime Sponsor Agenda # Agenda Note Name Type Summary Action Result Action Details Multimedia                     Roll call Not available Int 0164-2024 * Amanda Farías     Preparation of community impact reports for city-subsidized economic development projects. Introduction This bill would require the Department of Small Business Services or the City’s contracted economic development entity (New York City Economic Development Corporation) to produce a report delineating a quantitative and qualitative analysis of the projected impact of a proposed economic development project on affected communities. Thirty days prior to the approval of the award of an economic development benefit for a project, a community impact report would be required to be prepared and submitted to the Council. Hearing Held by Committee   Action details Not available Int 0164-2024 * Amanda Farías     Preparation of community impact reports for city-subsidized economic development projects. Introduction This bill would require the Department of Small Business Services or the City’s contracted economic development entity (New York City Economic Development Corporation) to produce a report delineating a quantitative and qualitative analysis of the projected impact of a proposed economic development project on affected communities. Thirty days prior to the approval of the award of an economic development benefit for a project, a community impact report would be required to be prepared and submitted to the Council. Laid Over by Committee   Action details Not available Int 0165-2024 * Amanda Farías     Study on the feasibility of establishing a commercial and residential linkage fee. Introduction This bill would require the Mayor to designate an office or agency to conduct a feasibility study on the creation of a linkage fee. A linkage fee is a fee that a developer would pay for any residential or commercial construction project that is larger than 100,000 square feet. The fee would fund job training for workers to be employed at the project site and for job contribution, which is paid into a trust for the benefit of the community within a 2 mile radius of the job site. In order to determine whether a linkage fee would be feasible in New York City, the designated agency or office would be required to conduct a study to provide information on the estimated funding needs, potential revenue, an estimated reasonable fee amount, various employment data, and an assessment of development projects. One year from the effective date of this local law, the designated office or agency would submit to the Mayor and the Speaker of the Council the findings of the report and post it on its website. Hearing Held by Committee   Action details Not available Int 0165-2024 * Amanda Farías     Study on the feasibility of establishing a commercial and residential linkage fee. Introduction This bill would require the Mayor to designate an office or agency to conduct a feasibility study on the creation of a linkage fee. A linkage fee is a fee that a developer would pay for any residential or commercial construction project that is larger than 100,000 square feet. The fee would fund job training for workers to be employed at the project site and for job contribution, which is paid into a trust for the benefit of the community within a 2 mile radius of the job site. In order to determine whether a linkage fee would be feasible in New York City, the designated agency or office would be required to conduct a study to provide information on the estimated funding needs, potential revenue, an estimated reasonable fee amount, various employment data, and an assessment of development projects. One year from the effective date of this local law, the designated office or agency would submit to the Mayor and the Speaker of the Council the findings of the report and post it on its website. Laid Over by Committee   Action details Not available Int 0810-2024 * Amanda Farías     NYCHA Package - The development of a public housing entrepreneurship and commercial popup program Introduction This bill would alter the terms of the contract between the city and the New York City Economic Development Corporation (“EDC”) and require EDC to create a public housing entrepreneurship program to support public housing residents in growing their businesses. The bill would also require EDC to issue a report about the viability of using NYCHA-owned vacant property for commercial pop ups. Hearing Held by Committee   Action details Not available Int 0810-2024 * Amanda Farías     NYCHA Package - The development of a public housing entrepreneurship and commercial popup program Introduction This bill would alter the terms of the contract between the city and the New York City Economic Development Corporation (“EDC”) and require EDC to create a public housing entrepreneurship program to support public housing residents in growing their businesses. The bill would also require EDC to issue a report about the viability of using NYCHA-owned vacant property for commercial pop ups. Laid Over by Committee   Action details Not available Int 0844-2024 * Kevin C. Riley     NYCHA Package - Inclusion of micro-grants in the public housing entrepreneurship and commercial pop up program. Introduction This bill would alter the contract between the city and the New York City Economic Development Corporation (“EDC”) by requiring EDC to offer micro-grants up to $10,000, where appropriate, to establish, expand, or grow businesses as part of its public housing entrepreneurship program. Hearing Held by Committee   Action details Not available Int 0844-2024 * Kevin C. Riley     NYCHA Package - Inclusion of micro-grants in the public housing entrepreneurship and commercial pop up program. Introduction This bill would alter the contract between the city and the New York City Economic Development Corporation (“EDC”) by requiring EDC to offer micro-grants up to $10,000, where appropriate, to establish, expand, or grow businesses as part of its public housing entrepreneurship program. Laid Over by Committee   Action details Not available Int 0860-2024 * Alexa Avilés     Requiring a contracted entity to publish an annual report concerning community hiring. Introduction This bill would establish an annual community hiring report that shall be submitted to the Council and the Mayor and posted on the New York City Economic Development Corporation’s website. Such report would include: performance metrics for goals established for community hiring programs and a performance assessment reflecting the prior fiscal year; and a description of best efforts by lessees, developers or other parties to transactions covered by a community hiring program when there is a failure to meet such hiring goals. Hearing Held by Committee   Action details Not available Int 0860-2024 * Alexa Avilés     Requiring a contracted entity to publish an annual report concerning community hiring. Introduction This bill would establish an annual community hiring report that shall be submitted to the Council and the Mayor and posted on the New York City Economic Development Corporation’s website. Such report would include: performance metrics for goals established for community hiring programs and a performance assessment reflecting the prior fiscal year; and a description of best efforts by lessees, developers or other parties to transactions covered by a community hiring program when there is a failure to meet such hiring goals. Laid Over by Committee   Action details Not available Int 0861-2024 * Alexa Avilés     Requiring an annual report by a contracted entity to include information about agreements to provide community benefits. Introduction This bill would alter the terms of the contract between the city and the New York Economic Development Corporation (“EDC”) by requiring EDC to include in its annual report certain details regarding any commitments by a person or organization to provide community benefits to residents of a neighborhood effected by an EDC project. Hearing Held by Committee   Action details Not available Int 0861-2024 * Alexa Avilés     Requiring an annual report by a contracted entity to include information about agreements to provide community benefits. Introduction This bill would alter the terms of the contract between the city and the New York Economic Development Corporation (“EDC”) by requiring EDC to include in its annual report certain details regarding any commitments by a person or organization to provide community benefits to residents of a neighborhood effected by an EDC project. Laid Over by Committee   Action details Not available Res 0077-2024 * Amanda Farías     Create a linkage fee for large scale residential or commercial projects, and create a trust that would receive this fee to fund job training, education and employment programs. Resolution   Hearing Held by Committee   Action details Not available Res 0077-2024 * Amanda Farías     Create a linkage fee for large scale residential or commercial projects, and create a trust that would receive this fee to fund job training, education and employment programs. Resolution   Laid Over by Committee   Action details Not available