Today’s announcement follows multiple profitable efforts by the Adams administration to revive New York City’s financial system following the COVID-19 pandemic and remodel the city’s commercial corridors into 24/7 districts where folks can each live and work. Released in December 2022, the "‘New’ New York: Making New York Work for Everyone" plan detailed 40 concrete proposals for creating durable and equitable financial growth, together with suggestions for reworking Fifth Avenue right into a world-class, pedestrian-forward boulevard. Within the brief time since Mayor Adams introduced his commitment to re-think about one of the most iconic streets on the earth, Fifth Avenue has undergone a period of unprecedented funding. As a result of those initiatives and extra efforts by the Adams administration, New York City has recovered all of the non-public-sector jobs lost throughout the pandemic.

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