2017 Federal Priorities
After the Presidential election, the Partnership surveyed CEOs to solicit their views on the top federal priorities for 2017. There was broad consensus that the most important issues for New York and its business community are:
Put Americans to work building modern, resilient infrastructure
- Tax and regulatory relief
Accelerate economic growth and balance the federal budget without slashing essential services
- Cyber and homeland security
Increase business-government collaboration to protect the nation
- Education and workforce development
Ensure all Americans have the opportunity to succeed at work
Attract global talent to meet labor market needs
The federal priorities document, produced with the help of Oliver Wyman, elaborates on these issues. It is intended to provide Partnership members with a consistent framework for discussions with the incoming Trump administration and leaders of Congress.
Smart Infrastructure Investment
A city is only as great as its basic infrastructure. New York is far behind other global cities in the modernization and maintenance of its transportation and other public assets. We have the private sector resources and expertise needed to achieve world class infrastructure through public-private collaboration and the Partnership is working to make sure we maximize those opportunities.
The Gateway Project — A New Rail Tunnel Under the Hudson River into Penn Station
New Jersey residents account for 12 percent of Manhattan’s workforce and 16 percent of its wages. Daily rail ridership between New Jersey and Manhattan is expected to double by 2040.
Modernization and Expansion of Regional Airports
The region’s airports are responsible for nearly half a million jobs and $63 billion in economic activity.
Introduction of Public-Private Partnerships to Improve Mass Transit
In October 2014, New York State Comptroller Thomas DiNapoli released a report based on a 2012 survey conducted by NYC Transit, which found that approximately 90 percent of New York subway stations had structural defects like worn or damaged platforms and stairs, yet ridership grows by more than 30 million rides each year.
The Innovation Economy
High tech is the fastest growing sector of the New York City economy, but still represents only 4 percent of its economic output. The Partnership champions private and public sector initiatives that reinforce the city’s strengths as a hub for innovation and a magnet for global talent.
The Partnership supports sustained initiatives that promote growth in the innovation sector:
The Partnership Innovation Council
New York City & State present particularly formidable legal, regulatory and political obstacles to companies that are introducing new business models and disruptive technologies. The Partnership has launched an Innovation Council that will work to identify and resolve legal and regulatory challenges that threaten the continued growth of the tech sector.
The Partnership Fund
The Partnership Fund for New York City is continuing its successful efforts to promote the growth of local industry clusters around Fintech, Health IT and Life Sciences and launch new efforts around Smart Cities Technology and Advanced Manufacturing.
New York City tech employment is up 37 percent since 2009, compared to 12 percent growth for overall employment.
Education & Workforce Development
The only sustainable solution to income inequality is a good education and access to the skills required to succeed in the knowledge economy. The Partnership promotes employer engagement with the city’s schools and universities, focusing on initiatives that increase the number of students who are well prepared for college and career.
WE MUST CLOSE THE SKILLS GAP
The Partnership is working to engage employers in revamping Career & Technical Education programs in public schools and colleges. This includes support for initiatives like Computer Science For All.
The Partnership is also performing an intermediary function to resolve conflicts over education policy and resource allocation in an effort to keep the focus on student achievement.
The Partnership supports city goals of expanding opportunities for work experience for students and unemployed New Yorkers.
Quality of Life
Safety, affordability, and livability are essential to New York City’s global competitiveness. The Partnership advocates public policies and supports programs that advance these objectives.
The Partnership is monitoring quality of life issues in our quarterly Dashboard of economic indicators that show the city’s progress or slippage.