The plan allocates 20,000 jobs to the industrial and manufacturing sector, while supporting all sectors with “physical space to expand, tax incentives to promote growth, business development investments for early-stage companies, and workforce training to connect New Yorkers to good jobs,” de Blasio said in a statement.
The plan outlines 25 initiatives that include modernizing and expanding manufacturing facilities, particularly in city-owned assets. One particular initiative, “Freight NYC,” will encompass a citywide freight network to create 4,000 jobs by building more shipping and distribution infrastructure to connect NYC to the nation’s “Maritime Highway” in order to reduce roadway traffic.
The initiative will first conduct a strategic review of the region’s freight and distribution network and then follow up with investments in urban distribution centers in multi-modal freight and to improve distribution inefficiencies.
As part of its strategy to better connect New York City to the America’s Marine Highway, the city will invest $39 million to install cranes and create additional infrastructure capacity at the South Brooklyn Marine Terminal (SBMT), according to the jobs plan.
Additionally, the jobs plan allocates investment in the Industrial Developer Fund, a $150 million public-private loan pool to spur nonprofit development of industrial sites. The fund released its rolling request for proposals in March 2016 and announced the Greenpoint Manufacturing and Design Center (GMDC) in December 2016 as its first grantee. GMDC will use the funds awarded through the fund toward the $37 million renovation of a former factory in Ozone Park in Queens, turning it into a multi-tenant manufacturing center, according to the jobs plan.
Finally, the city is creating a “Cradle to Career” initiative to link New Yorkers to jobs in transportation, distribution, and logistics. The effort encourages city agencies, advocacy organizations, and private businesses to train and link city residents to good-paying jobs in these industries.
One example is the Urban Assembly School of Global Commerce, a public high school that aims to equip New York students with the skills needed for careers in the transportation and logistics industries, said the jobs plan. The school’s first class will graduate this year, with 71 percent of seniors graduating and 70 percent of graduates having been accepted into junior college and university programs.
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
F3 Awards Dinner
The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now