Big Ideas to Help NYC Thrive in the Post-Pandemic Economy

Big Ideas to Help NYC Thrive in the Post-Pandemic Economy Report - March 2024 Big Ideas to Help NYC Thrive in the Post-Pandemic Economy New York has overcome the immediate economic tests of the pandemic, but the city still has to keep pace with a vastly changed landscape. [...]   For example, the new reality of hybrid work—as of February 2024, the number of employees working in city offices was still just 52.1 percent of the pre-pandemic level—will require bold and creative policies to re-imagine some of the city’s business districts and bring in entirely new uses, spaces, and amenities t. [...] At the same time, the city’s affordability crisis, spiking at a time when remote work has made employees more mobile than ever, has the potential to jeopardize the key to the city’s economic success during the past two-plus decades: its ability to attract and retain highly educated, creative, and entrepreneurial people. [...] Fortunately, this moment offers a once-in-a-generation chance to get ahead of these and other challenges, take advantage of new opportunities—including tapping the city’s considerable potential to be one of the globe’s most important hubs, and job centers, for the high-growth artificial intelligence (AI) field—and reshape New York City’s economy for the post-pandemic world. [...]   Meeting this moment will require a seismic shift in how city officials approach economic development, a willingness to reimagine key facets of the city’s economy and infrastructure while implementing innovative new strategies and policies, and a bold new effort to play offense—aggressively attracting new companies, entrepreneurs, and workers from across the country and around the globe.