In recent years, New York City has attempted to retain major corporations through tax breaks and other sweetheart measures. But without any accountability measures, many of the businesses to benefit have cut jobs or relocated anyway.
One of the biggest and best buildings on the Williamsburg waterfront will soon be converted from manufacturing space into 184 Soho-priced studio apartments--even though local residents have pushed to keep factories in the neighborhood.
Waterfront neighborhoods are sick of being dumping grounds for dirty industries. But efforts to protect people from polluters are starting to lock out good neighbors, too: the businesses that make the city run.
Though underutilized up to this point, the City University of New York is a potential economic development powerhouse. With closer ties to the city's business community, CUNY could make virtually unlimited contributions to New York's economic well-being.