As unprecedented fires burned in the West and powerful storms flattened or flooded homes, businesses and vital infrastructure in every corner of the nation, 2020 painted a vivid picture of the potential for climate change to disrupt our lives. 

Even as we grapple with the serious public health and economic challenges stemming from the Covid-19 pandemic, climate change continues to represent an urgent and growing threat. 

The MTA’s capital program for 2020-2024 totals $54.8 billion, by far the largest program in its history. As of December 31, 2020, only 100 of 517 projects had been completed or begun, and most of the rest of the program had been indefinitely suspended.

To date, New York businesses and not-for-profits have received $51.0 billion of federal Paycheck Protection Program (PPP) loans, low-interest loans first authorized in March 2020 in response to economic hardships faced by these entities due to the pandemic. This report provides a profile of PPP loans by county, industry, and business size.

New York State’s hotel industry has experienced a decade of strong growth, driven by an increase in tourism. A record number of visitors (227.5 million) came to New York State in 2014, and a new record was likely set in 2015.

New York has recovered less than half the jobs lost between February and April 2020. This report explores the industries leading the recovery, including the leisure and hospitality sector, retail, and construction, and shows which industries continue to lose jobs.

The average bonus paid to employees in New York City’s securities industry grew by 10 percent in 2020 to $184,000, in line with the city’s most recent 9.9 percent projection, likely allowing the city to meet or exceed its income tax revenue projections in FY2021.