New York City Council Header
Meeting Name: Committee on Economic Development Agenda status: Final
Meeting date/time: 12/8/2016 1:00 PM Minutes status: Final  
Meeting location: 250 Broadway - Committee Rm, 14th Fl.
Published agenda: Agenda Agenda Published minutes: Minutes Minutes  
Meeting video:  
Attachments: Attachments for Oversight, Attachments - Int. No. 1316, Attachments - Int. No. 1322, Attachments - Int. No. 1337
File #Ver.Prime SponsorAgenda #Agenda NoteNameTypeSummaryActionResultAction DetailsMultimedia
            Roll call Not available
T2016-5199 *   Oversight - Transparency & Reform of the New York City Economic Development Corporation.Oversight Hearing Held by Committee  Action details Not available
T2016-5199 *   Oversight - Transparency & Reform of the New York City Economic Development Corporation.Oversight Filed, by Committee  Action details Not available
Int 1316-2016 *Daniel R. Garodnick  Contracts between the department of small business services and certain entities that administer economic development benefits on behalf of the city.IntroductionThis bill would require the entity that administers economic development benefits on the City’s behalf to submit, for each covered project receiving assistance, impact statements which would include an estimate of the fiscal impact during the fiscal year in which assistance commences, the succeeding fiscal year, and the first fiscal year in which the full fiscal impact of the project is expected to occur. The impact statement would also have to include the job creation estimates for the first fiscal year in which the full fiscal impact of the project is expected to occur.Hearing Held by Committee  Action details Not available
Int 1316-2016 *Daniel R. Garodnick  Contracts between the department of small business services and certain entities that administer economic development benefits on behalf of the city.IntroductionThis bill would require the entity that administers economic development benefits on the City’s behalf to submit, for each covered project receiving assistance, impact statements which would include an estimate of the fiscal impact during the fiscal year in which assistance commences, the succeeding fiscal year, and the first fiscal year in which the full fiscal impact of the project is expected to occur. The impact statement would also have to include the job creation estimates for the first fiscal year in which the full fiscal impact of the project is expected to occur.Laid Over by Committee  Action details Not available
Int 1322-2016 *Corey D. Johnson  Recovery of financial assistance for economic development in cases of noncompliance with the terms of such assistance.IntroductionThis bill would require entities that administer economic development benefits on the City’s behalf – for example, the New York City Economic Development Corporation – to report on efforts made to recover financial assistance provided to projects which default on the material terms of the project agreement under which such assistance was provided.Hearing Held by Committee  Action details Not available
Int 1322-2016 *Corey D. Johnson  Recovery of financial assistance for economic development in cases of noncompliance with the terms of such assistance.IntroductionThis bill would require entities that administer economic development benefits on the City’s behalf – for example, the New York City Economic Development Corporation – to report on efforts made to recover financial assistance provided to projects which default on the material terms of the project agreement under which such assistance was provided.Laid Over by Committee  Action details Not available
Int 1337-2016 *Helen K. Rosenthal  Dept of small business services to require in its contracts with certain not-for-profit corporations that provide economic development services for the city of NY that, before any economic development project is commenced or submitted for approval, suchIntroductionThe entity that administers economic development benefits on the City’s behalf is currently the New York City Economic Development Corporation (NYCEDC). Operating under contract with the City of New York, the NYCEDC is the City’s primary engine for economic development for a variety of projects. NYCEDC facilitates investments for major infrastructure upgrades, capital projects and real estate development; manages city-owned properties, and works to boost the City’s major business sectors. This work aims to increase capacity, jobs, employment opportunity within the city. This bill would require that NYCEDC submit a project description and budget for covered economic projects to the Speaker for review and comment at least 30 days before holding a public hearing on the project or, for projects which do not require a public hearing, before the project agreement is executed. This bill also would move these requirements for the City’s contract with EDC from the Charter to a new subchapter of the Administrative Code.Hearing Held by Committee  Action details Not available
Int 1337-2016 *Helen K. Rosenthal  Dept of small business services to require in its contracts with certain not-for-profit corporations that provide economic development services for the city of NY that, before any economic development project is commenced or submitted for approval, suchIntroductionThe entity that administers economic development benefits on the City’s behalf is currently the New York City Economic Development Corporation (NYCEDC). Operating under contract with the City of New York, the NYCEDC is the City’s primary engine for economic development for a variety of projects. NYCEDC facilitates investments for major infrastructure upgrades, capital projects and real estate development; manages city-owned properties, and works to boost the City’s major business sectors. This work aims to increase capacity, jobs, employment opportunity within the city. This bill would require that NYCEDC submit a project description and budget for covered economic projects to the Speaker for review and comment at least 30 days before holding a public hearing on the project or, for projects which do not require a public hearing, before the project agreement is executed. This bill also would move these requirements for the City’s contract with EDC from the Charter to a new subchapter of the Administrative Code.Laid Over by Committee  Action details Not available