Dear Friends,
I am taking part in an important conversation about rethinking New York City's pension investments. I'd like to invite you to join the discussion.
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Public pension funds are powerful investors with the potential to spur economic drivers such as infrastructure improvements, housing development, and new enterprise. With City unemployment stalled at just under 9 percent, it is imperative that we embrace these opportunities and put the power of our pension fund to work creating jobs for New Yorkers.
Last week, we took an important step in the right direction as the City's largest pension fund unanimously backed my plan to invest an additional $350 million in local affordable housing and infrastructure - changes that could create thousands of new jobs across the five boroughs. By rethinking our approach to investing, I believe there's even more that we can do.
I hope you can join us on Tuesday for this roundtable discussion with Bernard Schwartz of BLS Investments, Mike Fishman of SEIU Local 32BJ, former NYS Budget Director Peter Goldmark, and more. For more details or to RSVP, click here .
Thanks,
Bill de Blasio
NYC Public Advocate