Jung on 70% transitioning jobs and federal headwinds
Jung clarifies that 70% of the 400,000 projected jobs are transitioning jobs that won't be trackable for years, and that the projection depends on local, state, and federal climate policies, public and private investments, and consumer preferences. He acknowledges federal rollbacks are having an impact but says EDC takes a forward-looking approach.
I want to be clear, realizing the 2040 job projections will take decades.
70% of the 400,000 jobs projected are what we call transitioning jobs, which we won't be able to track until years down the road.
These jobs do not appear automatically or overnight.
They require planning.
The Jeep is a projection of the long-term transformation of our economy, the result of sustained public investment from every level of government, city, state, and federal, as well as private investment, industrial development, and workforce growth.
Yet, we're continuing to face real challenges from federal headwinds.
Like the rest of the nation, job growth is slowing and aggressive federal rollbacks of key green economy policies are having an impact.
Despite this, we take a forward-looking approach to growth, development, and the green economy.
In the two years since its release, EDC has been focused on meeting key commitments from the Jeep, advancing major green infrastructure investments, and activating workforce partners across the city to prepare for the future.
prepare New Yorkers for the economy of the future.