News & Analysis as of

Economic Development › State and Local Government › New York

Herbert Smith Freehills Kramer

Rethinking real estate A US outlook - Our partners and key industry figures discuss what’s next for investment and development in...

Herbert Smith Freehills Kramer on

Despite recent macroeconomic uncertainty, with regards to investment, development, and optimism for the future, New York City is in a stronger position than many seem to believe. This was the key takeaway from 'Rethinking...more

Farrell Fritz, P.C.

From Vacancy to Vibrancy: Empire State Development’s Vision for Long Island Housing

Farrell Fritz, P.C. on

On March 27, 2025, Empire State Development, New York State’s chief economic development agency, announced the launch of the Long Island Forward Housing Program (LIFHP), a $10 million initiative designed to promote and...more

Mandelbaum Barrett PC

New York’s Cannabis Regulations: Understanding the Amendments to Proximity Requirements and Public Convenience and Advantage Rules

Mandelbaum Barrett PC on

New York’s Cannabis Control Board (“CCB”) amended its cannabis regulations to refine licensing criteria, adjust distance restrictions, and strengthen public convenience and advantage considerations. These amendments aim to...more

Cozen O'Connor

New York Note: Tin Cup Day, Minority Leader, NYC AI Nexus

Cozen O'Connor on

Last Tuesday, Mayor Adams, along with other mayors of cities throughout New York State, stated the city’s priorities at the state budget “tin cup day.” Adams advocated for “Axe the Tax for the Working Class” legislation,...more

Cozen O'Connor

New York Note: Adams Denied Matching Funds, Adams Advisor Indicted, City Legislation

Cozen O'Connor on

The NYC Campaign Finance Board has denied public campaign funds for Eric Adams’ reelection bid. The Board cited “detrimental” conduct from Adams in their denial. This ruling means that Adams will be ineligible to receive...more

Farrell Fritz, P.C.

Tax Incentives Aim to Drive Real Estate Development Forward

Farrell Fritz, P.C. on

It has long been an accepted reality that very little real estate development gets done in New York State without the help of a myriad of tax incentive packages handed out by state and local governments—and the entities that...more

Cozen O'Connor

New York Note – Executive Director for Housing, City Legislation, Top Lobbyists

Cozen O'Connor on

Mayor Adams announced the appointment of Leila Bozorg as the City’s new Executive Director for Housing. Bozorg will report to Deputy Mayor Maria Torres-Springer as part of an expanded housing, economic development, and...more

Cozen O'Connor

Adams Administration Unveils the “City of Yes for Economic Opportunity Zoning Proposal”

Cozen O'Connor on

On June 13, 2023, the Adams administration announced the “City of Yes for Economic Opportunity” proposal. This proposal is intended to support small business growth and job creation through changes to the Zoning Resolution....more

Cozen O'Connor

New York Note: State of the City, Asylum Seeker Plan, Delivery Worker Wage

Cozen O'Connor on

Speaker Adams Delivers State of the City Address- Last Wednesday, Speaker Adams delivered her second State of the City address. She focused on “People Over Everything” and outlined several proposals on economic mobility,...more

Cozen O'Connor

Mayor Adams Outlines Vision for "City of Yes"

Cozen O'Connor on

On June 1, New York City Mayor Eric Adams announced his “City of Yes” plan to amend the city’s zoning tools to support small businesses, create affordable housing, and promote sustainability. His plan includes three major...more

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