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CostsNYC

A public comment and civic education tool for New Yorkers.

Plan area · 7 agencies

Economy

Business development, cultural affairs, contract services, media, workforce, and EDC

42 proposed goals 13 issue categories

Plan area context

Black workers continue to face systematically higher unemployment rates than white workers, with Black women experiencing some of the highest rates of workplace discrimination and wage inequality. 84% of Black mothers serve as primary breadwinners for their families. Hispanic and Asian American workers also face substantial wage gaps and barriers to advancement. Despite making up 22% of NYC's population, only 3.5% of businesses are owned by Black entrepreneurs. In FY23, M/WBEs accounted for only 5.3% of the estimated $40 billion in annual contract spending. The City is committed to addressing historic disparities in City contracting, and in FY24, awarded $6.4 billion in M/WBE contracts. The City's OneNYC goal is to award $25 billion in M/WBE contracts by the end of FY26.

Unified commitment

Agencies in this section recognize the critical need to address systemic barriers and are committed to creating an inclusive, equitable economy where all New Yorkers can thrive.

Agencies in this plan area

Brooklyn Navy Yard Development Corporation

BNYDC

1 ST 2 MT 1 LT
  • Short-Term: Implement new training and professional development opportunities for staff, tenant employees, and BNY’s community, focu…
  • Medium-Term: Support M/WBE participation in agency procurements while continuing to implement and evaluate goals going forward to ens…
  • Medium-Term: Increase the number of first-generation college students from local New York City Housing Authority (NYCHA) developments…
  • See all 4 goals →

Department of Consumer and Worker Protection

DCWP

2 ST 2 MT 2 LT
  • Short-Term: Expand financial empowerment resources to youth under 18 to build generational wealth and economic stability
  • Short-Term: Enhance access to medical debt relief and financial counseling for New Yorkers
  • Medium-Term: Streamline business licensing processes to reduce barriers for small business owners
  • See all 6 goals →

Department of Cultural Affairs

DCLA

2 ST 2 MT 1 LT
  • Short-Term: Increase awareness of grant opportunities in racially diverse and historically underserved communities to support access…
  • Short-Term: Take steps to reduce any unconscious bias in the grantmaking process
  • Medium-Term: Support the capacity-building of cultural organizations led by or serving communities of color
  • See all 5 goals →

Department of Small Business Services

SBS

3 ST 3 MT 1 LT
  • Short-Term: Expand agency programmatic focus on connecting underserved businesses to capital
  • Short-Term: Expand the Jobs NYC initiative through a community-centered approach
  • Short-Term: Build an alternative recruitment pipeline for SBS talent
  • See all 7 goals →

Economic Development Corporation

NYCEDC

3 ST 5 MT 1 LT
  • Short-Term: EDC has a 30% goal for M/WBE utilization and will continue to implement and evaluate goals going forward to ensure they …
  • Short-Term: Expand access to career pipelines that lead to long-term economic mobility for underserved communities
  • Short-Term: Build a diverse NYCEDC workforce through equitable recruitment, hiring, and retention practices
  • See all 9 goals →

Mayor's Office of Contract Services

MOCS

2 ST 1 MT 1 LT
  • Short-Term: Prioritize agency outreach in engaging underutilized vendors based on agency disparity analysis
  • Short-Term: Enhance language access in all agency trainings and communication so that historically underserved communities can more …
  • Medium-Term: Pursue a human-centered design9 approach to PASSPort to center the experience and accessibility of prospective small, di…
  • See all 4 goals →

Mayor's Office of Media and Entertainment

MOME

3 ST 3 MT 1 LT
  • Short-Term: Increase awareness of agency programming in communities of color and immigrant communities to increase engagement with g…
  • Short-Term: Improve access to government proceedings and mayoral press events so that lack of access to broadband does not impede ma…
  • Short-Term: Facilitate access to training and placement based on real-time labor market shifts through certificate programs includin…
  • See all 7 goals →
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