For Immediate Release
July 31, 2018
Rachaele Raynoff, Joe Marvilli – email@example.com (212) 720-3471
New Data-driven Analysis shows Changing Landscape of the $1.7 trillion Tri-State Economy’s Jobs and Workers in the wake of the Great Recession, with Economic Growth Concentrating at the Region’s Center and in Areas Well-connected by Transit.
July 31, 2018 – New York City Deputy Mayor Alicia Glen and Department of City Planning Director Marisa Lago today announced the release of The Geography of Jobs Report. A data-driven analysis, the report shows dramatic shifts in the metropolitan region’s economic centers, with workforce and housing shifting to urban areas since the Great Recession.
The report, which highlights the interconnected relationships of the region’s jobs, housing and workforce ecosystems, makes key findings, including:
“The Geography of Jobs study makes it clear that New York City’s long-term economic success is inextricably linked to the success of our regional partners. That’s why we must work together as a region to proactively shape and build the housing and transit infrastructure necessary to support future growth,” said Deputy Mayor Glen.
Director Lago said, “The shifting geography of hundreds of thousands of jobs within the metro region directly affects planning at the community level. While our region remains a global economic leader, we cannot rest on our laurels. Instead, we must work together to better understand and support a thriving, equitable and sustainable region for all.”
“The Department of City Planning’s report illustrates how significant an economic center New York City is – the entire region depends on us. As our economy continues to grow and add jobs, it is critical that we invest in our infrastructure, in terms of both building new projects and improving our existing system. This begins with the Gateway Program, which is by far the most important infrastructure project in the country – the failure of the Hudson Tunnels would be disastrous for the Northeast and the United States as a whole. Job centers have sprouted up in boroughs outside of Manhattan and New York’s employees are living farther outside the city’s limits, making an efficient and reliable transportation network all the more important. The Tri-State area must also construct additional housing and office space to accommodate the people who want to work here and the businesses who want to start, grow or move here. Simply put, DCP’s report is a terrific resource, and helps us identify what we individually and collectively should focus on to ensure this growth strengthens the region as a whole,” said Carlo A. Scissura, Esq., President and CEO of New York Building Congress.
Kathryn Wylde of the Partnership for New York City said, “Our region’s economy is interconnected, with business operations and employees who live on both sides of the Hudson River and surrounds. The Partnership has long been interested in supporting a connected regional economy and this report further shines light on the necessities of planning for those connection points.”
“The Geography of Jobs is certainly a timely and important publication,” said Mitchell Moss, Director of the NYU Rudin Center for Transportation and Policy. “It is good to know that the NYC City Planning Department is focusing on where jobs are being created and how this affects the future of our city and region.”
Because the Tri-State region is increasingly interdependent, DCP’s Regional Planning Division, created two years ago, works on and shares research that informs wider analysis and conversations about the Tri-State region’s mutual planning challenges. Recently, the division released the Metro Region Explorer as a tool to support cross-border data sharing and collaboration. The Geography of Jobs Report is the subject of a forum being hosted today by the New York Building Congress. The participants include regional local government, planning and economic development officials from New York, Connecticut and New Jersey, as well as leading business and civic organizations from across the three states.
With 9.1 million homes and 10.4 million jobs, the metropolitan region’s economy is one of the largest in the world – as big as the Russian economy. It represents $1.7 trillion in economic activity and nearly 10% of the U.S. Gross Domestic Product.
At the center of this economic engine is New York City, but with a significant share of our regional economic activity taking place outside of the five boroughs.
More key analytical findings from The Geography of Jobs Report: