Economic Development in NYC
A good article on New York from the Center for an Urban Future here
"The mayor deserves the most credit for recognizing that the old way the city handled economic development no longer makes sense in today's ultracompetitive economic landscape, and for quickly implementing a new, more growthoriented strategy."
I was in NY last year discussing economic development, and things are definitely changed there with Bloomberg. Its interesting that they don't embark on major tax incentives for businesses like other local governments - they told me that they just couldn't afford it and it was pretty pointless in the megabucks real estate world of NYC. They are focusing on small businesses.
"The mayor deserves the most credit for recognizing that the old way the city handled economic development no longer makes sense in today's ultracompetitive economic landscape, and for quickly implementing a new, more growthoriented strategy."
I was in NY last year discussing economic development, and things are definitely changed there with Bloomberg. Its interesting that they don't embark on major tax incentives for businesses like other local governments - they told me that they just couldn't afford it and it was pretty pointless in the megabucks real estate world of NYC. They are focusing on small businesses.
posted by Angry Economist at 3:55 AM
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