Economic Data

November 2016 Economic Snapshot

Citi Bike is a wildly popular bike share program in New York City – but who exactly uses it, and why? This month, we merge into the bike lane and get the economic data on the city's cycling successes.

Employee Profile

Jason Garcia

Creative Director, Marketing
Learn more about Jason's journey from a Southern California art store to creative director of NYCEDC.

Event

Dominican Parade and Festival Kick-Off Celebration at Moore Street Market

Join us for the 16th Dominican Parade and Festival of Brooklyn kick-off celebration at Moore Street Market!

PRESS RELEASE

THURSDAY, OCTOBER 23: NYCEDC Announces 13 NYC Small Food Businesses as Crain’s Made In New York Trade Show Scholarship Winners

NYCEDC today announced that 13 promising New York City-based food manufacturers have been awarded scholarships for the Crain’s Made In New York event on Thursday, October 23, hosted by Crain’s New York Business and Taste NY.

PRESS RELEASE

NYC to Receive $55M in New Markets Tax Credits for Community Investment Projects

New York City has been awarded $55 million in New Markets Tax Credits (NMTC) from the U.S. Department of Treasury. The credits will be allocated to the New York City Neighborhood Capital Corporation (NYCNCC), a community development entity administered by NYCEDC. The $55 million NMTC allocation provides an exciting opportunity to leverage private investment and provide low-cost financing to advance community-focused real estate development projects, create jobs, and strengthen historically underserved areas throughout the City of New York.

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Thanksgiving in New York City: Parade, Tourism & Shopping

 |  NYCEDC
The Macy's Thanksgiving Day Parade draws 3.5 million enthusiastic visitors to Manhattan, as well as roughly 50 million television viewers. Festivities held over the long weekend have enticed thousands of tourists to visit New York City, boosting business for the city’s 50,000 hospitality workers and 300,000 food and beverage service employees.

PRESS RELEASE

NYCEDC and Hornblower Unveil Completion Of First Citywide Ferry Vessel Superstructure At Horizon Shipyard In Alabama

Officials from Hornblower and NYCEDC toured the Horizon Shipyard facility and received an update on construction, which is on schedule, and inspected the first completed citywide ferry superstructure. Completion of the superstructure marks a significant milestone in what will become New York City’s first citywide ferry service and one of the largest commuter ferry operations in the United States.

PRESS RELEASE

NYCEDC, Borough President Katz and Council Member Richards Announce Next Steps in Expansion of Addabbo Family Health Center

Supported by the de Blasio Administration, Borough President Katz, Council Member Donovan Richards, the U.S. Health Resources and Services Administration and other partners, the health center will expand its current 22,000 square foot facility to an adjacent City-owned parcel, where it will build over 20,000 square feet of new healthcare space. NYCEDC and the Addabbo Family Health Center recently closed on the sale of the long-vacant site.

PRESS RELEASE

NYCEDC Announces Rockaway Ferry Shuttle Route

New York City Economic Development Corporation (NYCEDC) today released details for the Rockaway Shuttle, a free bus service that will connect residents with the Citywide Ferry Service launching in summer 2017. The eastbound and westbound shuttle routes each span four miles, connecting the ferry terminal at Beach 108th Street with Beach 35th Street to the east, and Beach 169th Street to the west.

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October Sugar High: New Yorkers Love Chocolate & Sour Patch Kids

 |  NYCEDC
Still deciding on treats for Halloween night? According to the sales data from the online retailer Candy Store, the New York State candy favorite is Sour Patch Kids. From 2007-2015, New Yorkers have ordered 198,000 lbs. of Sour Patch Kids on average from the online store in the three months leading up to Halloween. For those who are looking to diversify their candy bowl offerings, the runner-ups were Candy Corn (95,000 lbs.) and Reese's Peanut Butter Cups (39,600 lbs.), indicating a clear favorite in New York.