“I am extremely happy that we have reached an agreement on the ‘Fair Wages for New Yorkers’ Act, and that this important bill will finally see a vote in the City Council. The deal we have reached (Friday) creates the strongest ‘living wage’ legislation in the nation, one that will demand that direct recipients of significant taxpayer subsidies do better by their employees. This will guarantee that happens, and marks an important step forward on the economic development policy in the City of New York. This bill sends an important message to the business community. Indeed, New York City is open for business, but at a better rate of return for the taxpayer...This bill will ensure that taxpayer subsidies are used to improve the quality of life of New Yorkers. Today’s announcement is a victory for the people of this City, and I look forward to this legislation becoming law.” -- Bronx Borough President Ruben Diaz Jr.