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NYCEDC

NYCEDC

New York City Economic Development Corporation (NYCEDC) is the City’s primary vehicle for promoting economic growth in each of the five boroughs. NYCEDC’s mission is to stimulate growth through expansion and redevelopment programs that encourage investment, generate prosperity and strengthen the City’s competitive position. NYCEDC serves as an advocate to the business community by building relationships with companies that allow them to take advantage of New York City’s many opportunities.

Contact:

Phone: (212) 619-5000

Mayor de Blasio and Speaker Mark-Viverito Announce Major Investments to Fill East Harlem Greenway...

Mayor Bill de Blasio and Speaker Melissa Mark-Viverito today announced a major investment to advance construction of a brand new section of the Greenway, between East 125th and East 132nd streets. This investment would close one of the last remaining gaps in the Manhattan Waterfront Greenway, a major step towards completing a contiguous 32-mile waterfront pedestrian promenade and bicycle path around Manhattan.

Statement on City Council Approval of Bedford Union Armory Redevelopment Project

The New York City Council approved the de Blasio Administration's plan to redevelop the Bedford Union Armory into a community recreation center, space for non-profits, and 250 units of affordable housing. New York City Economic Development Corporation issued the following statement

Statements on the Approval of the Bedford Union Armory Project by the City Council...

On Tuesday, November 21, 2017, the City Council Land Use Committee and Planning Subcommittee approved the de Blasio Administration's plan to redevelop the Bedford Union Armory as an affordable recreation center, space for non-profits, and 250 units of affordable housing. New York City Economic Development Corporation and the Department of Housing Preservation and Development issued the following statements

City Council Approves Bronx Point, a Mixed-Use Project on the Lower Concourse North Site

Bronx Point will deliver up to 1,000 units of housing, including hundreds of units of deeply affordable housing, world-class open space on the Harlem River Waterfront, cultural destinations and will create over 150 permanent jobs and over 1,200 construction jobs

Statement on City Council Approval of 126th Street African Burial Ground Memorial and Mixed-Use...

The New York City Council today approved a zoning application for the development of a portion of land in East Harlem that was once the site of an African Burial Ground that dates back to the seventeenth century. The 126th Street African Burial Ground Memorial and Mixed-Use development will deliver a permanent memorial, deeply affordable housing and jobs for East Harlem residents.

The de Blasio Administration and Council Member Richards Announce Approval of the Downtown Far...

The de Blasio Administration and Council Member Donovan Richards today announced that the Downtown Far Rockaway Redevelopment Project has been approved by the New York City Council, the final necessary vote of the City’s Uniform Land Use Review Procedure (ULURP) process.

Statement on the Approval of the Downtown Far Rockaway Rezoning by the City Council...

“Through this plan, Downtown Far Rockaway is finally getting the investment it deserves, with new jobs and mixed-income housing, open space and community facilities. We are proud to have collaborated with Council Member Richards and community leaders to develop a vision for a more vibrant and equitable Downtown Far Rockaway, and to now make that vision a reality.”

NYCEDC Announces Plan to Bring First of its Kind Industrial-Commercial-Residential Project to Long Island...

New York City Economic Development Corporation (NYCEDC) today announced a plan to transform two City-owned sites on the Long Island City waterfront into a groundbreaking mixed-use project that combines industrial and commercial office with residential space in order to support 21 st century jobs and innovation. Development of the 1.5 million square foot project is expected to create approximately 1,500 permanent and more than 2,500 construction jobs

NYCEDC Announces 450,000-Square-Foot Office Building and School in Downtown Brooklyn

New York City Economic Development Corporation (NYCEDC) today announced the sale of 420 Albee Square to JEMB Realty Corporation (JEMB). The development at 420 Albee Square, which was recently unveiled by JEMB as One Willoughby Square (One Willoughby), will bring over 380,000 square feet of commercial space, including ground floor retail, and over 300 school seats to Downtown Brooklyn.

Mayor de Blasio and Council Member Ydanis Rodriguez Release Inwood NYC 2017 Action Plan

Mayor Bill de Blasio, New York City Economic Development Corporation President and CEO James Patchett, and City Council Member Ydanis Rodriguez today unveiled the Inwood NYC 2017 Action Plan which outlines neighborhood-wide goals and strategies that will build on Inwood’s strengths and address pressing challenges – including outdated zoning and rising rents, antiquated infrastructure, support for small businesses, workforce development and access to the Harlem River waterfront.

NYCEDC Announces First Emerging Developer Loan Fund Recipient

New York City Economic Development Corporation (NYCEDC) announced the first recipient to receive a low-interest loan through the Emerging Developer Loan Fund (EDLF). The project, 1193 Fulton Avenue Residence LLC, will be a nearly 21,000 square foot, 100% affordable, 25-unit residential building in the Morrisania section of the Bronx.

NYCHA ANNOUNCES DEVELOPER SELECTION AT HOLMES TOWERS FOR NEXTGEN NEIGHBORHOODS PROGRAM, RAISING CRITICALLY NEEDED...

The New York City Housing Authority (NYCHA), the New York City Department of Housing Preservation and Development (HPD) and the New York City Housing Development Corporation (HDC) announced Fetner Properties as the developer for the first NextGeneration (NextGen) Neighborhoods site, which is on the grounds of Holmes Towers in Manhattan. Fetner was chosen in part due to its commitment to community-focused features in its proposal, including new playgrounds and open space and a new recreational and community center for local residents.

Statement on Manhattan Community Board 11 Conditional Approval of 126th Street African Burial Ground...

“We've taken a significant step towards building a permanent memorial for the historic Harlem African Burial Ground and providing affordable housing and good jobs for East Harlem residents. We're grateful for the support of Community Board 11 and neighborhood residents, and look forward to continuing our partnership with Speaker Mark-Viverito and the Harlem African Burial Ground Task Force to make this project a reality,"

NYCEDC and HPD Announce Commitment to Bring Affordable Housing to East Harlem

New York City Economic Development Corporation (NYCEDC) President James Patchett and Department of Housing Preservation and Development (HPD) Commissioner Maria Torres-Springer today announced a commitment to bring deeply affordable housing to the site of a former MTA bus depot on East 126th Street in East Harlem.

Model Citywide Ferry Boat Sets Sail For Manhattan Borough President’s Office

New York City Economic Development Corporation (NYCEDC) and Manhattan Borough President Gale Brewer today announced that a model of the new Citywide Ferry boats will be on display in the lobby of the Borough President’s office as part of a multi-borough tour. The scale model of the ferry vessel will be docked on the 19th floor of the Manhattan Municipal Building through March 10th.

NYCEDC, HPD & HDC Release Plans to Transform NYPD Parking Garage Into 100% Affordable...

New York City Economic Development Corporation (NYCEDC), Department of Housing Preservation and Development (HPD), and Housing Development Corporation (HDC) today announced plans to transform an underutilized New York Police Department (NYPD) parking garage in Jamaica, Queens into an approximately 450,000 square foot mixed-use development that will include over 350 units of 100% affordable housing, recreational and commercial/retail space, which will generate hundreds of good-paying construction and permanent jobs.

NYCEDC Seeks Proposals To Bring Mixed-Income Housing and Open Space To Long Island City

New York City Economic Development Corporation (NYCEDC), in partnership with the Metropolitan Transportation Authority (MTA), today issued a request for proposals (RFP) for the development of a 58,000 square foot site in Long Island City, Queens. Activation of this underutilized site represents a unique opportunity to deck over a below-grade rail yard and create vibrant mixed-use, mixed-income housing development above with open space, community facilities and neighborhood retail.

Mayor De Blasio Appoints Maria Torres-Springer Next Commissioner For Department of Housing Preservation And...

Mayor Bill de Blasio today announced Maria Torres-Springer will serve as the next Commissioner of the Department of Housing Preservation and Development when its current commissioner, Vicki Been, returns to teaching at New York University. The mayor is also appointing James Patchett as President and CEO of the New York City Economic Development Corporation.

NYCEDC Announces Plan to Transform Former Spofford Juvenile Detention Center Into Vibrant, Live-Work Campus

New York City Economic Development Corporation (NYCEDC) and the Department of Housing Preservation and Development (HPD) today announced plans to transform the former Spofford Juvenile Detention Center in the Hunts Point section of the Bronx into a 5-acre campus featuring 100% affordable housing, good jobs, and recreational space

NYCEDC Selects Bartlett Dairy to Develop JFK North Site

The New York City Economic Development Corporation (NYCEDC) today announced the selection of Bartlett Dairy and Food Service, a family-run local business, to develop a 56,000 square foot distribution and manufacturing center on a significant portion of the John F. Kennedy (JFK) North Site, one of the largest city-owned manufacturing zoned properties.

NYCEDC, Council Member Richards, Local Elected Officials And City Commissioners Announce Roadmap For Action...

NYCEDC President Maria Torres-Springer, Council Member Donovan Richards, other local elected officials, City Planning Commission (DCP) Chairman Carl Weisbrod and Department of Housing and Preservation (HPD) Commissioner Vicki Been today announced the Roadmap for Action, an expansive, interagency plan to reestablish Downtown Far Rockaway as the commercial hub of the Rockaway peninsula.

NYCEDC to Create Food Manufacturing Hub at Brooklyn Army Terminal

New York City Economic Development Corporation (NYCEDC) today officially announced the creation of a food manufacturing hub at the Brooklyn Army Terminal (BAT) Annex building. NYCEDC has designated the entire 55,000 square foot space to serve up to 10 growing food manufacturing companies and expects four new companies to move into the Annex by the end of the year. Based on NYCEDC’s projections, the full activation of the Annex building has the capacity to create over 100 new jobs in Sunset Park

NYCEDC Announces Next Steps to Grow 21st Century Industrial and Manufacturing Jobs in New...

New York City Economic Development Corporation (NYCEDC) today announced the launch of the NYC Industrial Developer Fund, a $150 million public/private fund to provide project financing for industrial real estate development projects in New York City.  The Fund is designed to catalyze investment in 400,000 square feet of new or renovated industrial real estate workspace across New York City, supporting the creation of as many as 1,200 quality and accessible industrial jobs by 2020.

NYCEDC And Covenant House Issue Joint RFP to Build State-of-the-Art Facility For Homeless Teens...

New York City Economic Development Corporation (NYCEDC) and Covenant House, in coordination with the New York City Department of Housing Preservation and Development, today issued a joint Request for Proposal (RFP) for the development of a new complex to include a state-of-the-art headquarters for Covenant House and a mixed-use residential development that is expected to contain hundreds of new units of affordable housing

NYCEDC Announces Major Steps Forward in E125 Development, Bringing 1,000 Residential Units And Hundreds...

New York City Economic Development Corporation (NYCEDC) and New York City Housing Preservation and Development (HPD) today announced major steps forward in the East 125 Street Development (E125), a catalytic mixed-use redevelopment that will anchor NYCEDC’s efforts to create jobs and economic opportunity in East Harlem. The redevelopment will bring much-needed affordable housing, retail space, commercial space and public open space to the neighborhood

Popular Government & Nonprofit Press Releases

Recent Government & Nonprofit Press Releases

SCHUMER, GILLIBRAND ANNOUNCE $125,000 IN FEDERAL FUNDING FOR CNY FAIR HOUSING,...

U.S. Senate Minority Leader Charles E. Schumer and U.S. Senator Kirsten Gillibrand announced $125,000 in federal funding for CNY Fair Housing, Inc. in Syracuse. The funds were provided by the U.S. Department of Housing and Urban Development (HUD) Fair Housing Initiatives Program (FHIP) Education and Outreach Initiative grants