NYC Council Introduction 234

intro.nyc/0234-2022 2022-2023 Legislative Session
Preparation of community impact reports for city-subsidized economic development projects.
Status: Filed (End of Session) Committee on Economic Development
Sponsored by Amanda Farías
Introduced: April 28, 2022

This bill would require the Department of Small Business Services or the City’s contracted economic development entity (New York City Economic Development Corporation) to produce a report delineating a quantitative and qualitative analysis of the projected impact of a proposed economic development project on affected communities. Thirty days prior to the approval of the award of an economic development benefit for a project, a community impact report would be required to be prepared and submitted to the Council.

Sponsors: 7