Press Releases

Browse NYCEDC’s current press releases to learn more about ongoing efforts to strengthen New York City's economy.

Current Releases

  • City of New York Adds Over 21,500 Jobs in Month of July

    The New York City Economic Development Corporation (NYCEDC) today announced that New York City added 21,500 private sector jobs in July 2016, based on an analysis of seasonally adjusted job numbers for July 2016 by the New York State Department of Labor. During the past year, New York City has gained 93,800 private sector jobs, an increase of 2.6 percent since July 2015. Since Mayor de Blasio took office, New York City has added 291,800 private sector jobs, an increase of 8.4 percent. New York City's job growth is at an all-time high, with 4.3 million jobs across the five boroughs.
  • NYCEDC, Council Member Richards, Local Elected Officials And City Commissioners Announce Roadmap For Action For Downtown Far Rockaway

    NYCEDC President Maria Torres-Springer, Council Member Donovan Richards, other local elected officials, City Planning Commission (DCP) Chairman Carl Weisbrod, and Department of Housing Preservation and Development (HPD) Commissioner Vicki Been announced the Roadmap for Action today, an expansive, interagency plan to reestablish Downtown Far Rockaway.
  • NYCEDC And Borough President James Oddo Announce New York City's First Planned Wellness Community in Staten Island

    NYCEDC President Maria Torres-Springer, Staten Island Borough President James Oddo and NYC Health + Hospitals President and CEO Dr. Ram Raju today released planning framework for Sea View Healthy Community, the first health-focused, mixed-use development in New York City.
  • NYCEDC Launches Emerging Developer Loan Fund

    NYCEDC, in partnership with Basis Management Group, LLC, today announced the launch of the Emerging Developer Loan Fund (EDLF), which includes $10 million of capital committed by NYCEDC.
  • NYCEDC to Create Food Manufacturing Hub at Brooklyn Army Terminal

    NYCEDC today officially announced the creation of a food manufacturing hub at the Brooklyn Army Terminal (BAT) Annex building.
  • Mayor De Blasio, Speaker Heastie Announce State-Of-The-Art Recreational Facility Coming to Edenwald

    NYCEDC President Maria Torres-Springer and local elected officials announced the selection of the YMCA of Greater New York to construct a state-of-the-art recreational facility in the Edenwald neighborhood of the Bronx.
  • NYCEDC Expands Quality Of Life Program To Employ More Formerly Homeless And Formerly Incarcerated Individuals

    NYCEDC today announced that it will partner with The Doe Fund to expand its Quality of Life (QOL) program, which will employ formerly homeless, formerly incarcerated and low-income individuals to work on a range of City-led initiatives
  • NYCEDC Announces “Last Call” for IN2NYC Program Applications

    New York City Economic Development Corporation (NYCEDC) today announced a “last call” for applications for its International Innovators Initiative (IN2NYC) program in partnership with the City University of New York (CUNY). IN2NYC is the first municipal program in the nation designed to help international entrepreneurs access visas so they can create jobs in the United States. In its first three years, IN2NYC will support up to 80 entrepreneurs and is projected to create more than 700 new jobs for New Yorkers.
  • City of New York Adds Over 26,000 Jobs in Month of June

    The New York City Economic Development Corporation (NYCEDC) today announced that based on an analysis of seasonally adjusted job numbers for June 2016 by the New York State Department of Labor, New York City added 26,400 private sector jobs in June 2016. The analysis also showed that New York City’s unemployment rate fell from 5.1 percent to 5.0 percent during the month of June. New York City’s unemployment rate was 5.5 percent in June 2015.
  • NYCEDC Seeks New Tenant for Hunts Point Food Distribution Center

    New York City Economic Development Corporation (NYCEDC) today announced the release of a Request for Proposals (RFP) from qualified food manufacturing, wholesale and/or distribution companies to lease 2.18 acres including a built 27,000 square foot industrial space in the Hunts Point Food Distribution Center (HPFDC) in the Bronx.

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