The city plans to spend $1.1 billion over the next decade to create 100,000 well-paying jobs. Mayor Bill de Blasio mentioned the idea in his State of the City address earlier this year and released the details Thursday.
Even though unemployment is at 4 percent, the lowest in four decades, de Balsio said the city needs to invest more in high-growth industries that can provide middle-class incomes, like cyber-security.
"Those jobs are gonna be developed somewhere," he told reporters. "If we act now, we believe they will be developed here, and it will be a very big sector."
The plan focuses on jobs that pay at least $50,000 in tech, sciences, culture and manufacturing — and...Read Complete Article