Office of the Brooklyn Borough President Eric L. Adams OUR DIVERSITY, OUR STRENGTH One Brooklyn
Office of the Brooklyn Borough President Eric L. Adams OUR DIVERSITY, OUR STRENGTH One Brooklyn Join Our Mailing List

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Economic Development

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A strong economy in Brooklyn means a strong economy for New York City and the State. The underlying tenet of my economic strategy begins with ensuring that all who work here are able to afford to raise a family here. That is why I have firmly stood in support of expanding and increasing New York City’s living wage. I recognize that this measure is integral to combatting the growing inequality facing many middle-class and lower-income Brooklynites, as is making certain that the small businesses that define Brooklyn can afford to remain open as the cost of doing business rises.

I actively supported the borough’s Industrial Business Zones (IBZ), fighting against the encroachment on non-industrial uses in the IBZ like a parole center in Gowanus, and called upon the de Blasio Administration to protect manufacturing zones as it strives to achieve its affordable housing goals.

In addition, I promoted local business by hosting a procurement fair for Brooklyn’s Minority, Women and Locally Owned Business Enterprises that was attended by more than 250 participants. In addition, I hosted international businesses interested in expanding into the United States market in the hopes that they can bring quality jobs to our residents.