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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 Agenda Published minutes: Minutes Minutes  
Meeting video:  
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            Roll call Not available
Int 0164-2024 *Amanda Farías  Posting of community impact reports for city-subsidized economic development projects.IntroductionThis bill would require the New York City Economic Development Corporation to prepare and post community impact reports for economic development projects receiving $4 million or more in city subsidies. These reports would need to be submitted to the Mayor and Speaker and posted online at least 15 days before final project agreements are executed. The reports would include information on potential resident and business displacement, job creation estimates, housing impacts, and for projects in highly distressed areas, an additional analysis of job training opportunities, local investment, and wage impacts.Hearing Held by Committee  Action details Not available
Int 0164-2024 *Amanda Farías  Posting of community impact reports for city-subsidized economic development projects.IntroductionThis bill would require the New York City Economic Development Corporation to prepare and post community impact reports for economic development projects receiving $4 million or more in city subsidies. These reports would need to be submitted to the Mayor and Speaker and posted online at least 15 days before final project agreements are executed. The reports would include information on potential resident and business displacement, job creation estimates, housing impacts, and for projects in highly distressed areas, an additional analysis of job training opportunities, local investment, and wage impacts.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.IntroductionThis 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.IntroductionThis 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  Feasibility study for the use on a temporary basis of vacant New York city housing authority commercial space by resident-owned businesses.IntroductionThis bill would require the Mayor or a designated agency to conduct a feasibility study, in cooperation with the New York City Housing Authority (NYCHA), regarding the temporary use of vacant commercial space at NYCHA developments by businesses owned by public housing residents. The study would need to be completed by July 1, 2027, and examine factors including the availability of vacant commercial space, appropriate temporary occupancy periods, and potential liabilities for NYCHA and the City. The study would also need to include recommendations for implementing a program to use vacant NYCHA space for resident-owned businesses.Hearing Held by Committee  Action details Not available
Int 0810-2024 *Amanda Farías  Feasibility study for the use on a temporary basis of vacant New York city housing authority commercial space by resident-owned businesses.IntroductionThis bill would require the Mayor or a designated agency to conduct a feasibility study, in cooperation with the New York City Housing Authority (NYCHA), regarding the temporary use of vacant commercial space at NYCHA developments by businesses owned by public housing residents. The study would need to be completed by July 1, 2027, and examine factors including the availability of vacant commercial space, appropriate temporary occupancy periods, and potential liabilities for NYCHA and the City. The study would also need to include recommendations for implementing a program to use vacant NYCHA space for resident-owned businesses.Laid Over by Committee  Action details Not available
Int 0844-2024 *Kevin C. Riley  Including grants in the feasibility study on the use on a temporary basis of vacant New York city public housing authority commercial space by resident-owned businesses.IntroductionThis bill would expand the scope of the feasibility study required by Proposed Int. No. 810-A by adding consideration of potential grant funding for resident-owned businesses. Specifically, the study would be required to examine whether the City could provide financial assistance of up to $10,000 per business to help NYCHA residents establish, expand, or grow their businesses that would use the vacant commercial space.Hearing Held by Committee  Action details Not available
Int 0844-2024 *Kevin C. Riley  Including grants in the feasibility study on the use on a temporary basis of vacant New York city public housing authority commercial space by resident-owned businesses.IntroductionThis bill would expand the scope of the feasibility study required by Proposed Int. No. 810-A by adding consideration of potential grant funding for resident-owned businesses. Specifically, the study would be required to examine whether the City could provide financial assistance of up to $10,000 per business to help NYCHA residents establish, expand, or grow their businesses that would use the vacant commercial space.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.IntroductionThis 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.IntroductionThis 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.IntroductionThis 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.IntroductionThis 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