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Patchett puts stock in NYC tech push

Economic development boss James Patchett has issued a rallying call to New Yorkers to rebound from their Amazon blow and work towards bigger and better things.

Speaking at REBNY’s Residential Management Leaders Leadership Breakfast last week, Patchett said the tech giantʼs about-face on a North American headquarters complex for Long Island City was a huge blow to the city.

REBNY president John Banks and EDC boss James Patchett

“I have no doubt that history will prove this was an incredible missed opportunity for the future of our city. But I am also confident in New York’s resiliency, and know we will pivot quickly and go on to do other great things,” Patchett said.

The president of the city’s Economic Development Corporation said the debacle highlighted the need for more responsible discourse about the benefits and trade-offs of companies coming to New York City.
And he played up the projects that have been producing results for the city’s economy.

With a major rezoning of the Garment District underway, the EDC has been working to make sure garment manufacturing has a place in the 21st century economy and doesn’t become an industry of yesterday.

Supporting life sciences and fostering the tech ecosystem to make the city the innovation capital of the world are also priorities. “Across the board, we are taking an aggressive, multipronged approach to development, one that keeps our economy dynamic and inclusive,” Patchett said.

In an Op-Ed published later in Business Insider, the EDC president said, “With the dust settling from Amazon’s abrupt change of plans, New York is now taking stock of the current economic state of play. We are reorienting ourselves and asking hard questions. Are we going to be a city where tech companies can successfully grow? Where innovations are born? Where prosperity can be shared across all economic strata and backgrounds? The answers to all these questions have to be yes.

“New York has no choice but to keep working to become the country’s most dynamic innovation hub. The way we will do this is by embracing growth, debunking rumors that thwart progress, and seizing the power of our diverse population to build a model inclusive economy.

REBNY President John H. Banks addressed REBNY’s advocacy efforts and congratulated the Residential Management award winners.

Linda C. Gawley, Managing Director at Charles H. Greenthal Management & Sales, was honored with the Residential Management Community Service Award for her work with the Mary Manning Walsh Home and Family Circle, among other organizations.

The award was presented by Michael Wolfe of Midboro Management, Inc., chair of REBNY’s Residential Management Council (RMC).

Ellen Gribben Bornet, General Manager at Rose Associates Inc., was named Residential Management Executive of the Year. The award was presented by John McDermott of Ogden CAP Properties, LLC.

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