Identifying opportunities for development
NYCEDC identifies opportunities for economic development, releases Requests for Proposals (RFPs), and reviews RFP responses to recommend the most viable proposals.

Fielding inquiries
NYCEDC fields inquiries from local businesses and property owners seeking expansion or relocation space within New York City and assesses the feasibility and economic benefits of such dispositions.

Negotiating contracts
Once a site and the appropriate developer are identified, NYCEDC negotiates contract or lease terms and coordinates the development process and project documents to complete the transaction.

Guiding projects through public review
NYCEDC guides projects through the public review process required for sales or leases of City-owned properties. For most projects, this involves ushering projects through the City's Uniform Land Use Review Procedure (ULURP) and seeking approval of business terms pursuant to the City Charter review process.

Project Evaluation
Although the selection criteria used to analyze proposals varies, as appropriate, NYCEDC evaluates the following when selecting a project:

• Economic Impact on/Spending in New York City
• Development Team Qualifications
• Financial Viability
• Integration into Surrounding Community
• Design

Community Outreach
Phase I Site conditions
Deputy Mayor Authorization

ULURP – Uniform Land Use Review Procedure
ULURP is a standardized procedure whereby applications affecting the land use of the city are publicly reviewed. Key participants in the ULURP process are the Department of City Planning (DCP) and the City Planning Commission (CPC), Community Boards, the Borough Presidents, the Borough Boards, the City Council and the Mayor. Please visit the Department of City Planning web-site for more information on ULURP.

CEQR – City Environmental Quality Review Process
CEQR identifies any potential adverse environmental effects of proposed actions, assesses their significance, and proposes measures to eliminate or mitigate significant impacts.  Please visit the Department of City Planning website for more information on CEQR.
 
384(b)4
Section 384(b)4 of the New York City Charter gives the Mayor the authority to dispose of City-owned property through NYCEDC with the approval of the Borough Board.  The proposed transaction must go through a public review process including the Community Board, the Borough Board and Mayor.  Please visit nyc.gov for more information on the NYC Charter.

NYCEDC Board of Directors
The NYCEDC Board of Directors is also a part of the Public Approvals process.