It’s time for a new economy that works for all New Yorkers —
To recover the right way, we must maximize resources and use regulatory powers to fix structural economic and social issues.
It is time to bring back New York businesses by:
- Attracting start-ups and new investment.
- Lifting up working people.
- Sustaining our small businesses.
- Developing a next-level citywide job training and placement program.
Our city’s economy was hit hard by COVID-19 — and it is lower-income and blue collar New Yorkers who were hit the hardest. The pandemic has cost us hundreds of thousands of jobs and billions of dollars in salaries, hourly pay, and tax revenue, but COVID-19 is not the sole reason for the deep hole we find ourselves in.
Our economy was already on uneven ground, with pervasive inequality and vast wealth disparities.
Before the pandemic, Latino and Black households averaged approximately half the income of white households. Now that disparity is even worse.
To recover the right way, we must maximize resources and use regulatory powers to fix structural economic and social issues. That means prioritizing spending on programs, services, and contractors that reduce inequality – and revisiting regulations that discourage growth, particularly in Black and Brown-owned small businesses.
We will use targeted tax breaks and other tactics to lift up working people, build out new green infrastructure and affordable housing, and create hundreds-of-thousands of new jobs.
We must also rebuild our tourism and hospitality industries, create a much more robust job training and placement program, and create a more inclusive economy with growth opportunities for all.
I know we can do it. Here’s how I will bring back New York better than ever.
"I believe in New Yorkers. Whether they’ve ever questioned the dream in which they live, I wouldn’t know, because I won’t ever dare ask that question."
– Dylan Thomas