“We have completed negotiations on the living wage bill. Based on the breadth and depth of New York City’s Economic Development program, this will be the most impactful living wage law in the United States.

This bill was based on a concept of fairness. Businesses that accept significant taxpayer dollars must pay a living wage.

Because this bill was modified to only cover direct recipients of financial assistance, we believe it will lift wages without hampering job growth and economic development in New York City.”