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Local Law Requiring Prevailing Wage for Building Service Employees in Projects Receiving Financial Assistance

  • When: 2025/10/29
  • Address: Citywide
  • City: New York
  • State: NY
  • Category: Economic Development Incentives
  • Subcategory: Housing Program
  • Asset Class: Mixed-Use

A local law to amend the administrative code of the city of New York, in relation to requiring prevailing wage for building service employees in certain projects receiving financial assistance. This legislation ensures that building service employees working on projects that receive substantial financial assistance from the city are paid the prevailing wage. This impacts a wide range of new developments and renovations across the five boroughs. The bill seeks to protect workers and prevent the undermining of local wage standards, fostering fair competition among contractors and promoting economic equity.

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