The honeymoon period for Eric Adams, New York City’s newly elected mayor, is an opportunity to propose a transformational economic growth plan in his February budget. During the campaign, Adams made remarks such as “New York will no longer be anti-business” — an about-face from former Mayor Bill de Blasio’s eight-year record.
Mayor Adams’s remarks are welcome, and he has already proposed cutting red tape, cutting waste, and increasing worker training. These are good first steps, but New York is at one of its lowest economic points ever — as shown by the 9% unemployment rate. The mayor needs more specifics if he is to restore the city’s national economic leadership and create jobs.
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