Preliminary REP pages 96-107
Plan area: Economy
NYC EDC drives economic growth by facilitating commercial development, business attraction and retention, and workforce development. NYC EDC is committed to ensuring that economic development benefits all New Yorkers, particularly communities of color that have been historically excluded from equitable economic opportunity. Goals include supporting manufacturing and industrial sectors in BIPOC communities, expanding M/WBE participation in EDC procurements and projects, and building diverse talent pipelines.
EDC has a 30% goal for M/WBE utilization and will continue to implement and evaluate goals going forward to ensure they are consistent with federal, state, and local law.
Population focus: M/WBE owners
Goal ID: NYCEDC-G01
Expand access to career pipelines that lead to long-term economic mobility for underserved communities
Population focus: Underserved communities
Geographic focus: Underserved neighborhoods (unspecified)
Goal ID: NYCEDC-G02
Build a diverse NYCEDC workforce through equitable recruitment, hiring, and retention practices
Population focus: General
Goal ID: NYCEDC-G03
Expand NYCEDC’s financial investment into economic mobility strategies to support disadvantaged New York City communities and reduce income and wealth disparities
Population focus: General
Goal ID: NYCEDC-G04
Increase exposure to career opportunities for New Yorkers within NYCEDC’s innovation industries (i.e., life sciences, technology, and green economy)
Population focus: General
Goal ID: NYCEDC-G05
Establish a measurement and evaluation data infrastructure system that allows NYCEDC to continuously monitor and evaluate NYCEDC’s impact and performance a. Outcome By 2028, ensure that 100% of applicable divisions build data pipelines that assess internal and external equity, and submit department level equity data annually.
Population focus: General
Goal ID: NYCEDC-G06
Evaluate and strengthen NYCEDC’s employee benefits programs to ensure equitable access, remove barriers to utilization, and support internal economic mobility across all employee groups.
Population focus: Agency staff / employees
Goal ID: NYCEDC-G07
Expand and enhance NYCEDC’s apprenticeship, internship, and fellowship programs to increase access to workforce opportunities for New Yorkers, strengthen employment readiness, and support long-term financial mobility and career advancement.
Population focus: General
Goal ID: NYCEDC-G08
Identify and address pay disparities by race, gender, and experience across all NYCEDC’s positions
Population focus: General
Goal ID: NYCEDC-G09
