QUESTION
What conversations has the Department of City Planning had with the Economic Development Corporation about offering financial incentives to industrial manufacturing businesses in transition zones?
2:21:24
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70 sec
The Department of City Planning has not yet had conversations with the Economic Development Corporation about financial incentives for industrial manufacturing businesses in transition zones, as the districts are not yet defined.
- The Department says it is too early to have these conversations since the districts are not established yet
- As part of a Council-initiated study on manufacturing districts, the Department wants to involve agencies like EDC in incentivizing manufacturing growth
- The Department is exploring creating tools to provide flexibility that manufacturing businesses say they need
- The Department looks forward to future conversations with EDC and the Council on this topic
Lincoln Restler
2:21:24
Similar, you know, relatively Just wondering, have you had any conversations yet with EDC about financial incentives that we can offer to industrial manufacturing businesses?
2:21:35
In transition zones that we think might increase the success where perhaps other cities haven't had the same track record that we're hoping to to accomplish here in New York with with some of these changes.
Dan Garodnick
2:21:46
It's it's a little ahead of ourselves insofar as we don't have the districts yet.
2:21:50
But you are correct to say, that we should be exploring all routes here as it relates to future manufacturing zone transition and otherwise.
2:21:59
And as part of our study that has been initiated through the council on manufacturing districts more broadly, We do want to make sure that all of our sister agencies, including EDC, are part of that, and we're thinking about ways for us to incentivize manufacturing businesses to locate and grow.
2:22:18
We here wanna make sure we have some tools that create the flexibility that we're hearing from manufacturing businesses that they need to be able to grow and succeed.
2:22:29
But, yes, we certainly will look forward to that conversation with EDC and with all of you.
Lincoln Restler
2:22:33
That's great.