A Local Law to amend the administrative code of the city of New York, in relation to an industrial development strategic plan

Summary

This bill would require the Departments of City Planning and Small Business Services, in coordination with the Economic Development Corporation, to develop a citywide industrial development strategic plan. The plan would need to be completed every eight years and include an overview of city policies to support and grow the industrial sector, an analysis of industrial sector economic trends and the role of the sector in achieving key policy objectives such as the transition to green energy, identification of citywide goals and strategies to support industrial development, analyses of specific economic and land use data, and recommendations for priority job sectors, reform of financial incentives, land use, capital investments and workforce development.

Official summary of legislation · NYC Council