After two years of the pandemic battering New York City, Mayor Eric Adams is hoping to steer his city toward an economic revival by luring tourists back, beautifying the streets and embracing New York’s looming legal pot industry.
Adams, a Democrat who was elected last year on a pro-business, anti-crime message, unveiled an economic development plan Thursday that he said would usher in a “New New York.”
COVID-19 cratered New York City’s economy, sending the unemployment rate from a pre-pandemic rate of 3.7% to more than 20% in May 2020. “We can’t stumble into post-COVID. We must start to think about the redefinition of what our city is going to look like,” Adams said Thursday. The mayor’s office estimates that the industry will generate $1.3 billion in sales and between 19,000 and 24,000 jobs.
The mayor said he wants to boost New York City’s outreach to tourists and invite people from all over the world to visit and spend money. Tourism dropped from 66.6 million visitors in 2019 to 22.3 million in 2020 when the pandemic hit.
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