BY N.CLARK JUDD

The leadership deal that resulted in the Democratic Party taking a majority in the state Senate for the first time in decades included a littlediscussed agreement that gave Riverdale and Kingsbridge lawmaker Pedro Espada Jr. leeway to lead a legislative coalition on Bronx economic development.

Mr. Espada describes it as “an active coordinating council that will really work to do the things that the borough president can’t do by statute.”

He says it will include the Bronx delegations to the City Council, Assembly, state Senate, and Congress, and will be funded by the state Senate’s Democratic majority. A spokesman for state Senate Majority Leader Malcolm Smith deferred questions about the plan’s details to Mr. Espada.

“Its ultimate goal and mantra would be to remove the designation of the poorest county in the state,” Mr. Espada said.

Borough presidents have a degree of oversight over all aspects of city government in their county, but long-term strategic planning for economic development is a special part of the job description. Mr. Espada has long coveted the borough presidency.

Among the policy ideas Mr. Espada has for the post is creating an authority, similar to the city’s Industrial Development Agency, to issue bonds for public works exclusively in the Bronx. The IDA issues bonds for big capital projects like Yankee Stadium — a controversial deal itself — and is overseen by the city Economic Development Corporation.

“Simply put, a borough president should have the bully pulpit, and that will continue to be their main job description,” Mr. Espada said. “They don’t really have any legislative authority.”

Riverdale and Kingsbridge politicians familiar with the deal aren’t sure why it’s been a stealth program. Mr. Smith’s office hasn’t made any official announcements about it and it’s still unclear whether the plan will stick.

As part of the leadership deal, Mr. Espada became chairman of the Housing Committee and vice chairman of the powerful Committee on Rules as well as vice president of the state Senate for urban policy.