Retention and Expansion Program for High-Energy Use and Cost-Intensive Business.

摘要

This report was prepared by the New York City Energy and Telecommunications Office, Office of the Mayor. The documented research and program development activities are part of Urban Consortium Energy Task Force efforts to tie energy efficiency and community development to the process of economic growth. The objective of this study is to develop a program of cost-effective economic assistance measures for energy-sensitive firms. The program aims to improve the prospects for business and job retention and attraction. Many urban areas such as New York City have been experiencing business flight to other locations, both nationally and abroad, where the cost of operation is ostensibly lower. Such urban areas and municipalities are seriously concerned about their continued viability as competitive economic entities. They want to maintain and expand their employment generating economic base. A successful program of firm retention and expansion would increase the rate of economic growth, ultimately expanding out-put, creating jobs and providing a broader municipal revenue base. This report details the process of developing such a program for a target group of New York City firms. 4 refs.