REBNY applauds Governor Cuomo’s plans to rebuild economy, including proposal to convert underutilized commercial space to much-needed housing
In response to Governor Andrew Cuomo’s State of the State Address, REBNY President James Whelan released the following statement:
“In his State of the State Address, Governor Cuomo laid out a clear path forward for defeating COVID-19, rebuilding New York’s economy and advancing an equitable recovery for all. The Governor and his administration have already laid the right foundation for this effort by smartly expediting COVID-19 vaccinations and taking crucial new steps to implement rapid testing resources for millions of New Yorkers.
“We especially applaud Governor Cuomo’s focus on reinvigorating New York’s economy. As the COVID-19 pandemic has unfolded, New York, like states across the world, must reimagine how central business districts will succeed and thrive in the 21st century. New York will remain a global commercial hub by instilling a 24/7 environment in its central business districts, which will simultaneously strengthen its retail and small business sectors, create ‘walk to work’ environments and provide much needed housing and affordable housing. This forward-thinking approach will make such areas even more attractive to cutting edge businesses and their employees.
“We look forward to working with Governor Cuomo and stakeholders across the spectrum to continue driving New York’s recovery forward and ensuring that our state emerges from this generational crisis even stronger.”
ABOUT THE REAL ESTATE BOARD OF NEW YORK
The Real Estate Board of New York (REBNY) is the City’s leading real estate trade association. Founded in 1896, REBNY represents commercial, residential, and institutional property owners, builders, managers, investors, brokers, and salespeople; banks, financial service companies, utilities, attorneys, architects, and contractors; corporations, co-partnerships, and individuals professionally interested in New York City real estate. REBNY conducts research on various civic matters including tax policy, city planning and zoning, rental conditions, land use policy, building codes, and other city, state, and federal legislation. REBNY regularly publishes market data, policy reports, and broker surveys. In addition, REBNY provides for its members: informational, technical, and technological resources; networking and charitable service opportunities; qualifying and continuing education courses; professional education programs, seminars, and designations; career-changing awards; legal advice; and a wide range of additional member benefits. For more information, please visit www.REBNY.com.
