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Mayor Bill de Blasio unveils plan to create 100,000 jobs

‘New York Works’ eyes cybersecurity industry to drive most growth Tax breaks, other incentives used to lure companies to NYC

Mayor Bill de Blasio scored his best job-approval

Mayor Bill de Blasio scored his best job-approval ratings of his term, according to a poll by Quinnipiac University released Wednesday, May 17, 2017. Photo Credit: Getty Images / Drew Angerer

New York City Mayor Bill de Blasio unveiled a jobs creation plan Thursday aimed at generating 100,000 new jobs over the next decade.

The “New York Works” plan will look to the burgeoning cybersecurity industry to drive the bulk of new job growth, but overall $1 billion will be spent to spur new jobs in the tech, health care and manufacturing industries, de Blasio said at a news conference in midtown Manhattan.

“New York City can be the cybersecurity capital of the world,” de Blasio said, speaking at the office of SecurityScorecard an internet security firm that has grown from two employees to more than 100 in the past three years.

The mayor’s plan calls for $30 million in funding to create 30,000 new jobs in the cybersecurity sector. The money would fund workforce training, research and business development programs aimed at helping cybersecurity startup companies grow their firms, according to the plan.

The 10-year plan relies on a mix of incentives — including tax breaks and office space at city-owned buildings — to lure new companies to the city or expand existing firms.

De Blasio said all the jobs created under the plan would pay a minimum of $50,000 each year to employees.

“This plan is to create quality jobs which more and more people need in this city, and that includes a whole lot of people who have a high school degree, who have a two-year degree, who have a four-year degree, who have had trouble finding a job that they could actually live on,” De Blasio said.

Republican mayoral candidate Nicole Malliotakis took aim at the proposal, saying in a campaign statement, the mayor “needs to understand that it’s the private sector, not government, that creates good, high paying jobs and the greatest incentive our city can offer to attract jobs is for government to get out of the way.”

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