Committee on Economic Development

Friday, June 26, 2026, 1 p.m. (New York City time), Committee Room - City Hall

Committee: Committee on Economic Development

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0:30 Can I jump good afternoon

0:30 welcomes today's New York City

0:32 council hearing for the

0:35 committee on economic

0:35 development joint with the

0:38 committee on workforce

0:39 out an appearance car with a

0:44 sergeant at arms movin

0:46 gforward and no one is t

0:47 oapproach the days chair we are

0:53 ready to begin all right good

0:55 afternoon everyone and welcome

0:57 to the joint hearing of the

0:59 committees on economic

1:01 development and workforce

1:03 development today is Friday

1:04 June 26 I'm Virginia Maloney

1:05 and I chair the economic

1:09 development committee joining

1:09 me is Council Member Julie Won

1:11 chair of the committee on

1:14 workforce development.

1:15 Today we are here to ask

1:16 about the state of the green

1:19 economy action plan and if it

1:21 remains the city's strategy t

1:25 ogenerate green jobs the plan

1:25 was drafted together by ed and

1:28 was released in February 2024

1:33 under.

1:33 The last administration it

1:34 identified 130000 jobs that

1:38 exist in the City and set a

1:40 target for creating nearly

1:44 400000 a green jobs by 20 40

1:49 . Since no permanent leader

1:50 has been appointed since the

1:51 nwe're unclear about what the

1:53 progress is if any has been

1:55 made regarding the plan the

1:57 New administration was not

1:58 involved in developing the

2:00 plan and has not stated

2:00 whether or not it intends to

2:04 preserve or advance and

2:06 additionally congress has

2:06 stripped away much of the

2:08 federal funding that the plan

2:09 was built around so given the

2:12 change in circumstances the

2:14 committees want to explor

2:15 ewhether or not the green

2:17 economy action plan remains

2:20 viable and whether or not it

2:21 has the resources necessary t

2:24 oimplement

2:25 . Beginning with jobs the City

2:26 projected 400000 green jobs by

2:29 20 40 and that means we would

2:31 have to create

2:31 . 267000 Green jobs over the

2:36 next 14 years.

2:36 However the center for a

2:37 nurban future found that the

2:39 City added roughly 2000 jobs

2:41 since 20 23 at that rate we

2:43 would not hit the target until

2:46 well into the next century so

2:47 today we want to understand

2:50 how the administratio

2:51 nreconciles these numbers and

2:52 whether or not the goal still

2:55 remainsnd a how it's publicly

2:59 tracking against progress.

3:00 Second we want to dig into

3:00 the off share offshore wind

3:03 project which is the most

3:04 visible component of this plan

3:07 the City made significant

3:08 investments in south brooklyn

3:10 marine terminal to serve a

3:11 sthe assembly hub for empir

3:14 ewinds projecting the creation

3:16 of 13000 jobs across the cit

3:17 yby 20 35 empire wind was

3:20 intended to demonstrate the

3:21 core premise of the green

3:23 economy action plan proving

3:25 that climate investments can

3:27 create good paying local jobs

3:30 but the project faces

3:31 uncertainty with the federal

3:33 government issuing a stop

3:34 order on empire wind in and

3:38 construction has only

3:39 continued because the court

3:42 intervened so the committees

3:42 are seeking the clear answer

3:44 on what the city's oversight

3:46 is at the south brooklyn

3:47 marine terminal and how is

3:49 preparing for the possibility

3:51 that construction there might

3:55 be halted again unfortunately

3:56 the federal government's

3:57 actions undercut much of the

3:58 intentions of the plan last

4:00 summer congress rolled back

4:02 the clean energy tax credits

4:04 that much of this plan relied

4:06 on so when he says certain

4:08 commitments are still on track

4:10 we're thrilled to hear that

4:11 but want to understand a bit

4:12 more about where the funding

4:15 is coming from and lastly

4:16 building carbon ization or

4:17 lowering a building's carbon

4:19 footprint accounts for mor

4:20 ethan half of the green jobs

4:21 that are projected in this

4:23 plan and depends on the

4:25 successful implementation of

4:26 local law in 97 by setting

4:29 carbon emissions for large

4:30 buildings local law 97 creates

4:32 the demand for retro fits and

4:34 the work force needed to

4:36 complete them

4:37 . Meeting the employment

4:38 targets outlining the plant

4:39 assumes that local law 97 is

4:42 being enforced and implemented

4:43 on schedule and we want to

4:45 discuss the progress of those

4:46 buildings retrofits to dat

4:47 ehow many jobs are currently I

4:51 nthe pipeline and how we are

4:52 supporting d carbon across the

4:54 City

4:54 . Before we hear from the

4:55 administration I want to thank

4:57 the committee's staff for

4:59 their hard work starting with

5:01 senior counsel alex pauline

5:03 off senior policy analyst

5:04 william hong yanked and

5:06 financial Ana analyst spencer

5:07 coon and with that I will turn

5:09 to chair juan for her opening

5:12 remarks.

5:12 Thank you so much karen

5:13 Maloney I want to acknowledge

5:13 that we've been joined by a

5:14 Council Member Amanda frias as

5:16 well as Council Member chanel

5:17 Thomas Henry my name is Julie

5:18 Won and I have the privilege

5:19 of chairing committee on

5:22 workforce development char

5:23 Maloney has laid out the

5:23 economic development side o

5:24 fthis plan I want to talk about

5:26 the parts that matter the mos

5:29 tmost to the work themselves

5:30 which is whether the City is

5:31 actually building a path for

5:32 New yorkers into these jobs a

5:35 plan that promises 40000

5:36 0green jobs by 20 40 means very

5:37 little of the people who nee

5:38 dthese jobs cannot get trained

5:42 for them

5:42 . The plan made three major

5:44 workforce promises first a

5:45 green collar training center

5:46 in every single burro second

5:50 for more than 12000 New

5:50 yorkers trained as green jobs

5:53 through apprenticeships and

5:53 pretense apprenticeshi

5:54 pprograms by 20 43 what the

5:57 plan calls of $600 million

6:00 investment in green career

6:02 pathways for young people I

6:02 want to know.

6:03 How many of these promises

6:04 have been kept and the numbers

6:06 behind them broken wndo by

6:09 fiscal year I also want to I

6:11 also want to be precise about

6:12 the $600 million since it

6:14 doesn't come from the green

6:15 economy action plan it's our

6:17 understanding that it comes

6:17 from the City of 20 2

6:19 3pathways to an inclusive

6:22 economy plan and it has spread

6:23 across public schools cooney

6:25 to serve about 250000 young

6:27 people across the entir

6:28 eeconomy not just green jobs so

6:30 how much of that $600 millio

6:32 nactually funds the green

6:34 training and is there any

6:36 green specific money in thi

6:37 splan at all or are we just

6:40 really labeling spending that

6:41 was already happening for

6:45 purposes federal funding is

6:45 another problem the work first

6:48 innovation and opportunity act

6:49 has been reauthorized and the

6:50 federal budget for next year

6:53 would fold workforce program

6:54 suntil a block grant and cut

6:55 more than from existing

7:00 . Programs a lot of the city's

7:01 trainings run on those federa

7:02 ldollars so we want to know ho

7:03 wmuch of the green training is

7:06 in this plan and depend on

7:07 federal dollars that now it's

7:09 at risk and what is the

7:12 administration's

7:12 . Will for prioritizing to

7:13 keep this money if it

7:15 disappears separately the

7:16 mamdani administration just

7:16 launched its own $4.5 million

7:21 green workforce program as a

7:21 pilot with the with the doe

7:25 fund we don't object to th

7:25 epilot but we want to know how

7:26 the pilot is going to be

7:28 impacting the green economy

7:30 action plan because it sends a

7:31 signal when a New

7:33 administration launches it's

7:34 all green jobs program instead

7:35 of funding the adrienne

7:36 already on the books we want

7:37 to know whether the plan I

7:39 sbeing quietly shelved and I

7:39 fnot we want to know

7:41 . Who is making sure that

7:42 work in tandem with each other

7:45 and how are the

7:46 responsibilities or portfolio

7:50 sdivided up what we'll be

7:50 looking for today is evidence

7:52 from New York City talent tha

7:53 tthe New yorkers this plan was

7:55 written for

7:56 . Are actually getting trained

7:57 and hired into good paying

7:58 jobs a stable green jobs.

8:01 Before we turn over to the

8:02 administration I'd like t

8:03 othank and acknowledge the work

8:05 force development committee

8:05 staff senior counsel alice

8:07 pauline off senior policy

8:09 analyst william honeck on

8:10 financial analyst spencer kun

8:13 with that I'll turn over t

8:13 othe committee counsel t

8:14 oadminister to the oath and I

8:15 also want to acknowledge tha

8:16 twe've been joined by a council

8:18 member cab on and council

8:22 member thank you ciara juan

8:23 alex falling off committee

8:24 counsel well members of the

8:25 administration testifying

8:26 today please raise your hands

8:29 . Do you swear or affirm to

8:30 tell the truth the whole truth

8:30 and nothing but the truth in

8:32 your testimony today and t

8:33 orespond honestly to council

8:36 member questions yeah I do

8:37 thank you you begin adrienn

8:42 eready.

8:43 Good afternoon chair Maloney

8:43 and chair juan and members of

8:45 the economic development and

8:46 workforce development

8:47 committee's my name is sam

8:48 young and I serve at th

8:49 esenior vice president of the

8:50 green economy team at the New

8:51 York City economic development

8:53 corporation I'm here today

8:54 with michelle lamberti vice

8:55 president of government and

8:59 community relations I'

9:00 mexcited to share the progres

9:00 swe've made on the green

9:01 economy action plan or jeep

9:02 for short which was release

9:03 din spring of 20 24 I

9:05 npartnership with New York City

9:07 talent at we think in terms of

9:09 decades and generational

9:10 change under Mayor mom and

9:14 deputy Mayor is approaching

9:14 the green economy not only as

9:16 a climate imperative but as a

9:17 pathway to economic justice

9:19 delivering good paying job

9:20 sand expanding opportunity for

9:24 working people New York City

9:25 is surrounded by 520 of water

9:27 and shoreline with the risk of

9:28 writing seawater on her

9:31 doorstep we have seen

9:31 ahurricane leave our City dark

9:32 and under water heavy rain and

9:34 floodingave hdisrupted our

9:37 transportation and

9:38 infrastructure urban wildfires

9:39 have standard skyline red and

9:40 filled our air with ashes and

9:42 extreme mother has driven a

9:43 power bills and insurance

9:44 costs for working people we

9:47 cannot treat climate change is

9:48 something we can put off until

9:49 tomorrow it requires action

9:52 today the korean economy

9:52 action plan provides a rope

9:54 out to tackle these challenges

9:55 and invest in the sectors and

9:56 jobs that will help the City

9:58 combat climate change while

9:59 providing a pathway t

10:00 ostronger communities and

10:03 shared prosperity the

10:04 opportunity ahead significant

10:05 . The jeep projected that the

10:06 green economy could transition

10:08 and create approximately

10:09 400000 jobs by 20 40 jobs

10:11 across construction

10:15 engineering clean energy

10:16 building retrofits advance

10:18 dmanufacturing design

10:18 operations maintenance and

10:19 emerging industries all.

10:20 Right could you put the mike

10:20 closer to your mouth thank you

10:25 . I want to be clear realizing

10:25 the 20 40 projections will

10:28 take take decades 70% of the

10:30 400000 jobs projected or what

10:32 we call transitioning job

10:33 swhich we won't be able to

10:34 track until years down the

10:38 road these jobs do not appear

10:39 automatically or overnight

10:41 they require planning the jeep

10:42 is a projection of the long

10:43 term transformation of our

10:45 economy the result of

10:46 sustained public investment

10:47 from every level of government

10:49 City state and federal as well

10:51 as private investment

10:52 industrial development and

10:55 workforce growth

10:55 . Yet we're continuing to face

10:56 real challenges from federal

10:57 headwinds like the rest of the

10:58 nation job growth is slowing

11:01 and aggressive federal

11:01 rollbacks of key green economy

11:02 policies are having an impac

11:05 tdespite this we take it

11:06 forward looking approach to

11:08 growth development and the

11:11 green economy in the two years

11:12 since its release has been

11:13 focused on meeting key

11:14 commitments from the jeep

11:16 advancing major green

11:17 infrastructure investments and

11:18 activating workforce partners

11:19 across the City to prepare New

11:20 yorkers for the economy of the

11:24 future today I'll use my time

11:24 to share a handful of updates

11:27 on this work

11:27 . New yorkers have always used

11:28 innovation and ingenuity t

11:29 orespond to whatever challenges

11:31 come our way and we have

11:32 flourished because we have

11:33 invested in our people adjust

11:35 an equitable transition to the

11:37 green economy means creating

11:38 accessible career pathways for

11:40 working people at we are

11:42 supercharging our efforts to

11:44 educate train and position New

11:45 yorkers of all backgrounds t

11:45 obenefit from the green economy

11:49 earlier this year we announced

11:50 a $7 million investment into

11:52 communities green worked for

11:54 infrastructure this $7 millio

11:56 ninvestment will ensure

11:56 students graduate into a job

11:57 market with the skills to

11:58 change the world for the

11:59 better get a good paying job

12:01 and cement New York City as a

12:02 leader in climate action in

12:06 July 2025 we awarded $

12:07 3million from a green light

12:09 Inna fund alongside at $1.1

12:12 billion grant from counsel

12:13 member Oswald Feliz to fordham

12:14 university to create the bronx

12:15 green job center.

12:16 The first of its kind

12:18 workforce and entrepreneurship

12:18 hub that will build a

12:20 nequitable green jobs pipelin

12:21 ein the heart of the bronx and

12:25 last joint solar one to cut

12:26 the ribbon on New state of the

12:29 art environmental education

12:30 center in stuyvesant cove.

12:31 Park a decade in the makin

12:33 gthis education center will b

12:35 ea model for future urban

12:37 coastal resiliency while also

12:38 creating an immersive hands on

12:39 environmental learning

12:40 experience for niggers yorkers

12:44 of all ages we are als

12:44 ocreating career path for young

12:45 people through a maritime

12:47 career and aviation awareness

12:48 fair we hosted the seventh

12:49 annual fair this year and

12:50 connected more than 500 high

12:51 school students with india

12:53 experts on potential future

12:55 careers we were makin

12:56 gsignificant investments to

12:58 prepare local workers in New

12:58 yorkers from all backgrounds