With the novel coronavirus already devastating New York City's economy, many of the industries suffering the most—including restaurants, retail, personal care services, childcare services, and air transportation—are overrepresented in Brooklyn, Queens, the Bronx, and Staten Island and have grown fastest outside Manhattan.
New York’s small businesses are facing an existential threat from the novel coronavirus. CUF asked two dozen small business owners and small business experts for recommendations on how city and state policymakers can help them survive this crisis.
Faced with major economic disruption, New Yorkers are likely to turn to higher education. But while the Excelsior Scholarship program is growing, CUNY students and community college students statewide continue to be underserved.
Brooklyn is now a national leader in the innovation economy—tech start-ups, creative companies, and innovative manufacturers—but it still has a ways to go. This report outlines the key obstacles to continued growth and considers how the borough can realize its immense potential to develop a larger and more inclusive innovation economy.
The fast-growing tech sector has become NYC's most reliable source of new well-paying jobs. But while tech companies are hungry for talent and increasingly eager to hire locally, too few of the good jobs in tech are going to New Yorkers from low-income communities. The city can do more to expand access to tech careers by strengthening the city's tech skills-building ecosystem and preparing thousands more New Yorkers for the jobs of the future.
These 63 achievable policy recommendations from CUF's forthcoming report on older adult services in New York City form a blueprint for how city and state policymakers can meet the needs of New York’s fast-growing older adult population—in policy areas such as housing, financial security, social isolation, elder abuse, and transportation.
Our twelfth annual ranking of national retailers in New York City finds a year-over-year decrease in the number of chain store locations for the second consecutive year, and the largest overall decline since this study began.
Tech apprenticeships present a major opportunity for New York to expand pathways into well-paying technology careers, all while strengthening and diversifying the talent pipeline for the city's booming tech sector. New York can do more to greatly expand tech apprenticeships in the city and realize the promise of this powerful model for boosting economic mobility.
In this five-year update to our landmark report on New York City’s aging infrastructure, we find that the city has made record-level capital investments, but results have been mixed. Increased usage and new stresses from climate change make bringing the city's core infrastructure to a state of good repair all the more essential.
Brooklyn has emerged as one of the nation’s leaders in the innovation economy, driven by the borough’s growth in tech start-ups, creative companies,
and next-generation manufacturers. This report provides a new level of data about the size and scope of Brooklyn’s innovation economy and highlights Brooklyn's competitive advantage in a part of the economy that is expected to grow significantly in the years ahead.
Over the past decade the number of New Yorkers ages 65 and over increased by 26 percent, making up a larger share of the state’s population than ever before.This data analysis provides a new level of detail about the aging of the population in cities and counties across New York State and finds that the aging population is not only driving population growth statewide, but is more diverse than ever before.
Nearly a quarter of undergraduate students in New York State who take out student loans either default or are at high risk of default after five years, driven by disproportionately high default rates at the state’s for-profit schools. The data underscores the need to tackle the student debt crisis in New York and suggests that state policymakers should take steps to hold the most default-prone institutions accountable.
Earning a high school equivalency can open the door to better jobs, skills-building programs, and a postsecondary education for the nearly 1.5 million New Yorkers without a high school diploma. But the number of New Yorkers earning a high school equivalency is just half what it was in 2010, and overall trends are cause for concern.
Apprenticeships increase economic mobility for people without a college degree, help employers find diverse and qualified employees, and are an ideal training model for New York's fastest-growing industries. New York can do much more to realize their potential.
A growing number of New Yorkers over 50 are quietly but purposefully turning to entrepreneurship, boosting the city’s economy and helping scores of older New Yorkers become more financially secure. As the city's population ages, New York has a major opportunity to further expand encore entrepreneurship and support aspiring entrepreneurs who are starting later.
The Excelsior Scholarship program promises free tuition at CUNY and SUNY colleges. But only 3 percent of public college students are able to take advantage of Excelsior, and students in New York City are especially neglected.
New York City's public parks are busier than ever. But the combination of advanced age and decades of insufficient maintenance means that parks across all five boroughs are facing serious infrastructure challenges.
Millions of jobs in New York State will feel the effects of automation in the coming decades. These jobs are not necessarily disappearing, but they are transforming, as artificial intelligence, machine learning, and advanced robotics tackle more roles in the workplace. Policymakers should act now to help New Yorkers prepare for the changes that are coming to the world of work.
New York City is making progress in strengthening the condition of its branch libraries, but the latest capital needs figures reveal that there is still much more work to be done. The mayor and the City Council should continue what they've started and fully fund the city's three library systems to bring their aging infrastructure to a state of good repair.