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New York City Mayor Eric Adams on on April 6 announced his new "CARE" strategy, "City Agencies Revitalizing the Economy," to create jobs hubs citywide by strategically locating city agency offices in key neighborhoods

NYC Aims to Spur Economic Development with City Office Space 

New York City Mayor Eric Adams on Wednesday announced his new “CARE” strategy, “City Agencies Revitalizing the Economy,” to create jobs hubs citywide by strategically locating city agency offices in key neighborhoods. The new strategy leverages long-term city commercial leases to bring jobs closer to communities and catalyze new commercial development outside traditional CBDs. 

Adams kicked off the initiative’s first phase, breaking ground on what will be the largest-ever commercial building in the Broadway Junction area of East New York, Brooklyn, which the New York City Department of Social Services will occupy.  

The strategy delivers on a commitment of Adams’ “Rebuild, Renew, Reinvent: A Blueprint for New York City’s Economic Recovery.” “When I outlined my economic recovery blueprint last month, I spoke about not going back to the way things were before the pandemic – and that is what this strategy and this groundbreaking are all about,” said Adams.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Development
  • ◦Economy
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