NYCEDC is the City’s primary engine for economic development charged with leveraging the City’s assets to drive growth, create jobs and improve quality of life.
We are an organization dedicated to New York City and its people. We use our expertise to develop, advise, manage and invest to strengthen businesses and help neighborhoods thrive. We make the City stronger.
NYCEDC also helps create affordable housing, new parks, shopping areas, community centers, cultural centers and much more. How do we accomplish this?
We build from the bottom up; starting with a strong infrastructure to support the City’s many neighborhoods. By leveraging partnerships between the public and private sectors, we stimulate the economy with real estate developments that create jobs, build and revive communities and improve quality of life for all New Yorkers.
By providing expert business, economic and policy advice to the City, not-for-profit and for-profit private sectors, we work to ensure that New York remains a global center of commerce and culture. We advise the City on strategic issues and devise programs that help to attract and retain world-class companies and professionals. In order to diversify and grow the City’s economy, our extensive initiatives are designed to assist the City’s various sectors and to introduce actionable plans to make our vision for the City’s future a reality.
Our management of City properties and assets generates revenue while creating jobs and new business opportunities. We partner with other City agencies to ensure that our properties, which include manufacturing and distribution hubs, transportation and other infrastructure, are well-maintained and easily accessible. We also support initiatives that stimulate growth across industries that utilize City properties and assets.
We provide the financial tools that allow businesses and not-for-profits to grow and create new jobs. We also fund public and private projects that generate jobs and revenue – investments for now and for the future.
NYCEDC is dedicated to investing in growth and capital but it’s not only economic, it’s also human growth and capital - New York and New Yorkers realizing a rich, rewarding and vibrant future. It is this investment and commitment that can help strengthen the City of New York.