The Real Deal New York

De Blasio weighs office for industrial development

Development boom threatening factory and manufacturing space, business leaders say
June 05, 2014 06:00PM

Mayor Bill de Blasio’s administration is considering establishing an office focused on industrial businesses, which often deal with several agencies regarding building permits and requests. This would be part of the industrial development plan for the city.

The Partnership for New York City hosted a roundtable yesterday on industrial issues. Some business leaders at the event talked about the rise of prices in manufacturing zones thanks to the influx of hotels, beer gardens and illegal residential conversions in the city. They argued that the mayor’s affordable housing proposal directly conflicts with the need to protect factory and manufacturing space.

Funding for industrial business zones in the city was chopped to $600,000 this year, compared to $3.9 million eight years ago, according to City Council member Daniel Garodnick. [WSJ]Mark Maurer