“I am thrilled with Mayor de Blasio’s executive order to expand the ‘Fair Wages for New Yorkers’ Act. Today’s announcement is a victory for the hard working people of the Bronx and the City of New York. The mayor’s executive order will benefit thousands of workers, covering employees of commercial tenants in development projects that take in more than $1 million in city subsidies.
“We first introduced the ‘Fair Wages for New Yorkers’ Act in 2011 to fight for the rights of those underserved and often ignored residents of this City. The expansion of this bill will ensure that tax payer subsidized developments work for even more New Yorkers and we applaud Mayor de Blasio for it.
“As I have said in the past, when developers voluntarily use taxpayer subsidies to make their projects work, they must do better by their employees. New York City is open for business, but at a better rate of return for the taxpayer. The Mayor’s executive order marks another important step forward for economic development policy in our City and will have an incredible impact on the lives of thousands of hardworking residents,” said Bronx Borough President Ruben Diaz Jr.