Please note: this meeting's minutes have not been finalized yet. Actions taken on legislation and their results are not available.
Meeting Name: Committee on Economic Development Agenda status: Final
Meeting date/time: 6/13/2024 1:00 PM Minutes status: Draft  
Meeting location: Committee Room - City Hall
Published agenda: Agenda Agenda Published minutes: Not available  
Meeting video:  
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Int 0164-2024 *Amanda Farías  Preparation of community impact reports for city-subsidized economic development projects.IntroductionThis 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.   Not available 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.   Not available Not available
Int 0810-2024 *Amanda Farías  NYCHA Package - The development of a public housing entrepreneurship and commercial popup programIntroductionThis 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.   Not available Not available
Int 0844-2024 *Kevin C. Riley  NYCHA Package - Inclusion of micro-grants in the public housing entrepreneurship and commercial pop up program.IntroductionThis 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.   Not available 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    Not available Not available