New York's economy has historically been influenced by various sources of power, but current inequalities provoke questions about the beneficiaries of economic success. The article discusses efforts by a State Senator from Brooklyn to rectify the imbalance favoring a small group of firms and investors, highlighting legislative initiatives aimed at enhancing equity. With public investment reflecting societal priorities, the author's focus includes supporting minority- and women-owned businesses, improving contracting equity, and developing sustainable energy programs to benefit lower-income households. These initiatives aim to ensure working families are not sidelined in the economic landscape.
Public investment is not a neutral exercise. It reflects a set of priorities. We subsidize stadiums while subway stations crumble.
When the gains of our economy are disproportionately captured by a small group of firms and investors, we have a responsibility to act.
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