What Will I do as Mayor to Keep New York City Afloat Economically During the Current Economic Crisis?
Empower small businesses in every borough by creating a City of New York Heritage Enterprise Fund (NYCHEF) that will be a part of a borough-wide commercial Real Estate Investment Trust (REIT.) The Fund is designed to encourage citizens to take charge of their own neighborhoods and help their neighbors to find a “NEW” pioneering sprit to reinvent themselves economically. As former president of the City of New York’s 350th Birthday Committee I sought to find a way to revitalize some of the City’s impoverished neighborhoods. After conferring with Wall Street brokers and small businesses I’ve come up with a novel strategy of melding Wall Street with Main Street by forming a Real Estate Investment Trust (REIT) to either buy or rent buildings within the five boroughs to empower and enrich all of the citizens sense of ownership. My plan would restore neighborhoods and commercial corridors to create new small business and jobs. This would become a part of a broad new initiative by all New York
