“The New York business community considers Gateway our top priority infrastructure project. It will provide essential connectivity between the global financial and commercial center in New York City with the rest of America west of the Hudson River. We are confident that the Trump Administration understands that this is a project of national significance and intends to partner with us in ensuring its timely completion,” said Kathryn S. Wylde, President & CEO, Partnership for New York City.
“The business community congratulates Governor Cuomo and legislative leaders for successfully negotiating and passing a two-year extension of Mayoral Control of the New York City schools. At a moment when there is partisan deadlock on critical issues facing the nation, New York State has transcended political interests to do what is right for the 1.1 million children whose future depends on a good education. Since mayoral control was first enacted in 2002, there has been significant improvement in the city’s education system and it is gratifying that this will continue,” stated Kathryn Wylde, President and CEO of the Partnership for New York City.
NEW YORK; June 22, 2017 – The New York FinTech Innovation Lab, founded by Accenture (NYSE:ACN) and the Partnership Fund for New York City, celebrates seven years as it kicks off its annual Demo Day, hosted at the Bank of America Tower at Bryant Park. Eight startups will debut the innovations that came out ahead from this year’s applicants, including cybersecurity, artificial intelligence and fraud detection technologies.
“Although we have not seen the legislation, New York City’s major employers and business leaders welcome the Governor’s proposal for the state to assume control of the MTA board in order to address immediate transit emergencies and to establish clear accountability for the management, maintenance and financing of what has become an unwieldy and overly bureaucratic authority,” stated Kathryn Wylde, President and CEO of the Partnership for New York City.
Proposed Legislation Would Save Approximately $158 Million and Over 18 Months Per Project
NEW YORK, June 19, 2017—The Partnership for New York City and the New York Building Congress have sent a letter signed by over 15 industry leaders asking the New York State Legislature to support design-build authorization for New York City. They reflect the broad-based support for giving city agencies the procurement and contracting tools they need to save time and money on major capital projects.
As this year’s legislative session concludes, the group’s letter highlights the urgency of passing legislation sponsored by Assemblyman Benedetto and Senators Lanza and Golden (A.8134/S.6427) to authorize a procurement method that would expedite much-needed infrastructure improvements while also saving taxpayer dollars. The design-build project delivery model would allow New York City to construct several highly-anticipated projects across the city, including rehabilitating the Brooklyn-Queens Expressway Triple Cantilever and constructing the NYPD training facility at Rodman’s Neck.
“Design-build is the best practice for infrastructure improvements and has become the industry standard,” said Carlo A. Scissura, President & CEO of the New York Building Congress. “When designers and contractors collaborate in the earliest stages of a project, we all win. It’s time for New York to join the federal government and virtually every state already benefiting from the efficiencies of design-build.”
“This legislation has been blocked for three years by defenders of a status quo that is not working for taxpayers and is depriving us of badly needed public infrastructure,” said Kathryn Wylde, President and CEO of the Partnership for New York City. “We call upon the legislature to rise above this obstructionism and give city agencies the tools they need to bring us needed improvements in public facilities.”
The letter from the New York Building Congress and the Partnership for New York City also points out that lack of design-build authority for New York City hinders the city’s ability to be competitive nationally. The anticipated one trillion dollar federal plan to rebuild the nation’s infrastructure will be geared toward states and municipalities that are able to build better, faster and cheaper.
For full text of the letter, click here.
“The city’s business leaders support expansion of charter schools and the extension of mayoral control and insist that both should happen this session,” stated Kathryn Wylde, President and CEO of the Partnership for New York City.
CEOs Stephen Schwarzman and Charles Phillips Join Mayor de Blasio to Urge Albany to Reauthorize Mayoral Control
Mayoral Control of New York City schools will lapse at the end of June if the legislature does not act to extend it. Today, the Partnership for New York City released a letter signed by 105 business leaders urging Governor Cuomo and leaders of the State Senate and Assembly to make the current governance system permanent, so that it is no longer subject to political uncertainty and horse-trading.
Partnership Co-Chair Stephen Schwarzman of Blackstone, Executive Committee Member Charles Phillips of Infor and President & CEO Kathryn Wylde will join Mayor de Blasio and Chancellor Farina at a press conference at City Hall to announce the business community’s strong support of the current system and to highlight the accomplishments in education achieved with mayoral control under Mayors Bloomberg and de Blasio.
“Mayoral control is working, as demonstrated by the consistent improvement in graduation rates and student performance since its enactment. However, we still have more work to do to strengthen our public schools and to support our city’s students and teachers. We urge Albany to extend mayoral control permanently so we can continue building on that progress,” said Steve Schwarzman, Co-Chair of the Partnership for New York City and Chairman, CEO, and Co-Founder of Blackstone.
“Technology is the city’s fastest growing industry, but its continued success depends on our schools producing the talent we need to fill the jobs of the future. Mayoral control has enabled the school system to respond quickly and effectively to rapidly changing workplace demands and must be continued,” stated Charles Phillips, Chairman & CEO of Infor and a member of the Executive Committee of the Partnership for New York City.“If the legislature fails to extend mayoral control before the close of session, the resulting disruption of the school system would be a terrible setback for education in New York City. Albany will, hopefully, not be that irresponsible,” stated Kathryn Wylde, President & CEO, Partnership for New York City.
“If the legislature fails to extend mayoral control before the close of session, the resulting disruption of the school system would be a terrible setback for education in New York City. Albany will, hopefully, not be that irresponsible,” stated Kathryn Wylde, President & CEO, Partnership for New York City.
Full text and all signatories may be found here.
City’s Business Leaders Demand Action on Education Policies and Procurement before Legislative Session Wraps in June
NEW YORK, MAY 16, 2017 – The Partnership for New York City, which represents the city’s largest private sector employers, investors and leading entrepreneurs, called on the New York State Legislature to permanently extend mayoral control, lift the charter school cap and grant design-build contracting authority to New York City agencies before this legislative session concludes.
Mayoral control has restored the confidence of employers in the city’s K-12 public education system. Since mayoral control was first enacted in 2002, high school graduation rates have climbed to nearly 70 percent, from approximately 46 percent in 2005. There has also been a substantial reduction in the gap between city students and the rest of the state on other key performance metrics, including math and English proficiency, as well as average SAT scores.
Charter schools continue to provide a quality education option for students from school districts with high concentrations of poverty. If the current caps are not lifted, many New York City charters will have to turn away thousands of students. According to recent data, charter school students, 92 percent of whom are black and Hispanic, have achieved the highest English and math proficiency rates across several age groups.
“The highest priority of Partnership members, who employ more than a million New Yorkers, is an outstanding public education system that prepares students for jobs in the global economy,” said Kathryn Wylde, President and CEO of the Partnership for New York City. “We urge lawmakers to support permanent extension of mayoral control and to lift the charter school cap. Both measures contribute to expanded opportunities for the city’s public school students.”
Lawmakers must also move quickly before the end of the legislative session to modernize project procurement and delivery in New York City. Design-build is a contracting tool that has been adopted in 41 states. It allows public agencies to save money and time, while transferring construction risk to the private sector.“The city projects a savings of about $450 million on a pipeline of important projects,” said Kathryn Wylde. “Design-build allows public agencies to stretch their funds further and accomplish major projects with fewer delays and cost overruns.”
Click here to see the Partnership’s legislative memo.
Did you know that last year New York City attracted as much fintech venture capital as all of Europe combined? That and more from the Partnership Fund for New York City CEO Maria Gotsch at the Innovate Finance Global Summit.