Nearly everyone noticed the lack of detail in Mayor Bill de Blasio’s State of the City proposal to create 100,000 “good-paying jobs”—and it appears that’s because it’s simply an extension of what the city’s mayoral-controlled Economic Development Corporation has done for the past 15 years.
The jobs proposal was the centerpiece of the State of the City address de Blasio delivered at the Apollo Theater in Harlem last Monday night. De Blasio vowed his policies would produce 100,000 positions over 10 years in a variety of sectors throughout the city, with salaries ranging anywhere from $50,000 to $75,000 a year or more.
The mayor promised work in film and TV, technology, life sciences and “advanced manufacturing,” though declined to offer much in the way of an explanation of how the city would generate these jobs.
“This new addition, this new focus on creating more and more good-paying jobs, this will be the new frontline in keeping New York City affordable,” he said.
For the mayor’s emphasis on what a “new” and ambitious undertaking this is, a 2016 report from the New York City Industrial Development Agency, a public benefit corporation that the EDC runs, credited its combination of tax incentives and bond financing with the creation and preservation of approximately 146,000 jobs since 2002. That would average roughly 10,428 jobs a year.
This would suggest that the mayor’s plan for 100,000 jobs between Fiscal Year 2018 and Fiscal Year 2028 is merely a projection of a pattern of growth the IDA and EDC established over the past decade and a half.