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NYCEDC

By fostering economic growth and developing programs that help businesses and entire business sectors achieve success, we strengthen the City. Our work helps create jobs and positions New York City for future growth while improving the quality of life. We make the City stronger.

Blog Posts by NYCEDC:

May Economic Snapshot: Housing and Residential Construction

 |  NYCEDC

construction snapshot

By Ivan Khilko, Senior Project Manager, Economic Research and Analysis

In May 2014, Mayor De Blasio announced his Housing New York plan.

Its main goal: to build 200,000 units of affordable housing across New York City by 2024.

The plan was in response to a significant crunch in housing availability for the majority of New Yorkers whose incomes are not high enough to be able to afford the quickly rising rents.

Unlike median rents, which were not brought down by the recession, average wages fell significantly from a high of $95,000 in 2007 to a low...

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Rising to the Challenge: Red Hook Initiative

 |  NYCEDC

When a neighborhood goes dark, keeping communities connected is key.

Like many other neighborhoods, the low-lying community of Red Hook was hit hard by Superstorm Sandy. While internet and communication systems were down throughout much of the city, Red Hook remained connected through its community designed, community built wireless mesh network.

Red Hook WIFI, a product of the Red Hook Initiative (RHI), began as a small pilot project in early 2012 to provide a resilient platform to access essential services and...

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Meet NYC Fancy Food Fellow Finalist: City Saucery

 |  NYCEDC

tomatoes

At City Saucery, tomato sauce is made the old-fashioned way. 

Locally-grown ingredients like 100% New Jersey vine-ripened tomatoes, extra virgin olive oil, and aromatic herbs bring out flavors reminiscent of home-cooked meals from Mama's kitchen. Or in this case, Nonna's kitchen. 

City Saucery is a modern family business based in Staten Island. Inspired by his Nonna' Carolina and her Calabrian roots, Michael Marino and his partner Jorge Moret started the business to share their love...

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Free Public WiFi Coverage Is Coming To The Flatiron District

 |  NYCEDC

connected

The tech sector has the potential to be one of society’s great levelers.

Digital technology gives anyone access to and a voice in any part of the world--- regardless of who they are or where they’re from.

Of course, a reliable internet connection is fundamental to entering that world. Yet in many parts of our city, access to the internet isn’t as easy as it should be.

That’s why NYCEDC has partnered with local organizations to launch The Wireless Corridor Challenge, an effort to provide free WiFi coverage in...

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Technology

Meet NYC Fancy Food Fellow Finalist: Auria Abraham

 |  NYCEDC

auria peppers

She's known as the Sambal Lady.

You may have seen her stirring a hot batch of chili on the Food Network show, "Chopped."

Or you may have heard about her 2011 underground supper club series in Midwood, Brooklyn, with its array of exquisite dishes. You may have even tried her signature product, the all-natural ...

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Meet the Makers: Vertical Urban Factory

 |  NYCEDC

vertical urban factory

What is vertical urban manufacturing?

In the fifth and final episode of our Meet the Makers podcast series, Miquela Craytor, director of NYCEDC's Industrial Desk, sits down with Nina Rappaport, Director of Publications at Yale School of Architecture, to answer this question and more about the future of the multi-storied factory.

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Rising to the Challenge: Bright Power's Resilient Power Hub

 |  NYCEDC

bright power

Superstorm Sandy revealed just how vulnerable our electric grid is to extreme weather.

This inspired Bright Power, an energy management company, to develop a product that will provide power resiliency to buildings even in the worst conditions. 

As one of 11 winning teams in our RISE : NYC competition, Bright Power will share up to $30 million with the other winners to implement its technology at Sandy-impacted small businesses across the city.

Over the next few weeks, our blog series Rising to the Challenge...

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Through the Lens: Behind the Scenes at Brooklyn Army Terminal

 |  NYCEDC

BAT

By Ivan Khilko, Guest NYCEDC Blogger, Senior Project Manager in Economic Research and Analysis

On April 21, NYCEDC hosted the second of its Behind the Scenes NYC tours with Untapped Cities by visiting the various buildings of the Brooklyn Army Terminal on the waterfront of Sunset Park.

The tour was led by Dean Bodnar, Senior Vice President of Asset Management at NYCEDC and the self-described “landlord” of Brooklyn Army...

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Building A More Resilient NYC

 |  NYCEDC

east river esplanade

As a coastal city, New York City is vulnerable to the effects of climate change. Our RISE : NYC competition sought solutions to protect our coastline from the dangers of extreme weather. 

In the wake of Hurricane Sandy, we learned that New York City had to be more environmentally and economically resilient.

These elements came together seamlessly at the awards ceremony for RISE : NYC. Resiliency Innovations for a Stronger Economy (RISE) is a NYCEDC competition that was launched in early 2014 to seek out the world's most promising...

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Happy 75th, Essex Street Market

 |  NYCEDC

essex flags

The one constant in New York City is change.

Across the five boroughs, communities are constantly shifting, innovating, and evolving.

But our neighborhoods also ground us, providing foundations for New Yorkers to build their identity, heritage, and sense of place. The Lower East Side is one of these communities. It is home to more than 80,000 people from more than 80 countries and 3,000 businesses and cultural institutions. At the heart of this diverse neighborhood is Essex Street Market.

Established in 1939 by Mayor Fiorello La Guardia, Essex Street Market has been a...

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