JULY 2009

Strengthening the Media Industry in New York City

Mayor Bloomberg announced eight initiatives to strengthen New York City’s media sector. The initiatives – part of a broad plan to diversify New York City’s economy – stem from MediaNYC 2020, a program that brought together City officials and industry leaders from print, television, and Internet media to develop a strategy to maintain and enhance New York City’s position as a global media capital. The initiatives will foster and promote entrepreneurship and innovation within the City and maintain NYC’s competitiveness by attracting and training top talent.

Developing an Affordable Neighborhood on the Queens Waterfront

The newly acquired site in Hunter’s Point South will become the largest middle income housing development since the 1970’s. The land will accommodate 5,000 new units of housing, 60 percent of which will be reserved for moderate- and middle-income families. The project will also include more than 11 acres of landscaped waterfront parkland, new retail shops, community facility space and a new 1,100 seat high school. Expected to catalyze more than $2 billion in private investment and create more than 4,600 jobs, the first phase of the $175 million infrastructure and park design work will begin this fall.

New Stimulus-Funded Bond Program Spurs Commercial and Industrial Projects

The Recovery Zone Facility Bond Program will provide financial assistance to commercial and industrial projects in all five boroughs that are unable to get traditional financing due to current economic conditions. The program, to be administered by NYCEDC, will be funded by what is expected to be more than $200 million in funding made available through the American Recovery and Reinvestment Act (ARRA). Eligible projects may include the construction of office buildings, large industrial facilities or retail complexes.

Improving Accessibility, Transparency and Accountability Across City Government

A series of technology initiatives have been launched, aiming to increase transparency and improve access to information about City services. The City will provide data to allow for the development of software applications that can be used on websites and mobile devices, and through what will become an annual competition known as NYC Big Apps, the City will encourage innovative and useful applications. NYC Big Apps is an annual competition that seeks contestants to develop functional digital applications that will facilitate the dissemination of and greater access to publicly available City data.

Assisting Manufacturer to Expand in Queens

The Board of the New York City Industrial Development Agency (NYCIDA) has approved a sales and real estate tax incentive package that will help Boundary Fence & Railing Systems Inc. to expand its operations in Richmond Hills, Queens. The company plans to invest approximately $4 million dollars in the expansion project, which will result in a return to City of about $7.5 million over 25 years. The company has leased the property from NYCEDC for 25 years. Boundary Fence and Railings employs 64 employees and expects to hire four more in the next three years.

A number of unique and exciting projects are available through NYCEDC, offering companies the opportunity to add to the changing face of the City. Respective RFP's can be found below and contain specific information related to the scope of service, scheduled site visits, Q&A's and submission deadlines.

From time to time, leasing opportunities become available for city-owned properties. Find more information about current opportunities below.