NYCEDC – About Us – What We Do

What We Do

New York City Economic Development Corporation (NYCEDC) is the City's primary vehicle for promoting economic growth in each of the five boroughs. We work to stimulate investment in New York across industry sectors and broaden the City's tax and employment base, while meeting the needs of businesses large and small.

We oversee transportation and infrastructure projects that make transit within the Tri-state region more efficient. To help improve the distribution of goods within and outside the five boroughs, NYCEDC manages the redevelopment of the City's rail freight lines, food markets, and maritime and aviation facilities.

For companies seeking a new location, NYCEDC promotes the City's central business districts. When appropriate, we sell or lease vacant City-owned property throughout the five boroughs, often in corporate and industrial parks. We also encourage projects that strategically use underutilized property for economic development purposes.

NYCEDC can support redevelopment projects by conducting planning and feasibility studies, performing financial analyses, guiding projects through necessary public approvals and packaging City programs and incentives.

Our incentive programs can help eligible businesses meet their financing needs for property acquisition, new equipment, renovation, working capital and other purposes through the use of low-cost tax-exempt bonds. Double and triple tax-exempt revenue bonds are issued by the New York City Industrial Development Agency, an entity administered by NYCEDC, for various types of organizations and transactions.

Explore what we do in more detail on the following pages.

Mission Statement
NYCEDC’s commitment to economic prosperity in New York City is reflected in our mission statement.

Infrastructure Policy
NYCEDC supports business through efficient energy programs, a growing telecommunications infrastructure and an extensive transportation system.

Business Development
NYCEDC is committed to attracting national and international business to New York City while continuing to nurture relationships with businesses already here.

Financing
Financing opportunities and other resources can help you start a business, expand a business or relocate to New York City.

Real Estate Services
NYCEDC helps facilitate the commercial development of real estate throughout the City to maximize the benefits to the City and residents alike.

Waterfront Development
Focused on improving the environment and developing recreational opportunities, our waterfront development initiative strive to further diversify the City economy.