Following last Thursday's release of the August employment report by the New York State Deparment of Labor (NYSDOL), New York City Economic Development Corporation (NYCEDC) today announced key signals that the City’s economy continues to grow, hitting a record low unemployment rate of 4.1%, the lowest since reporting began in 1976.
New York City Economic Development Corporation (NYCEDC) President and CEO James Patchett, Housing Development Corporation (HDC) Executive Vice President of Real Estate, Paula Roy Carethers, Department of Housing Preservation and Development (HPD), Queens Borough President Melinda Katz, Councilmember I. Daneek Miller, State Senator Leroy Comrie, Assemblywoman Alicia Hyndman, Representatives with Omni New York LLC and community stakeholders, today broke ground on Archer Green Apartments in Jamaica, Queens. The transformational project will convert a former New York City Police Department parking garage into a vibrant mixed-use development that will bring affordable housing, a community facility and commercial space to downtown Jamaica.
This summer, New York City Economic Development Corporation invited select high school students to intern with the organization. Raymond Bell, a senior at Ralph R. McKee High School, interned with NYCEDC’s Development team, which is currently working on a master planning process exploring the future of Sunnyside Yard, one of the busiest railroad facilities in the country.
New York City Economic Development Corporation is seeking cost-effective risk financing programs with respect to corporate insurance coverage(s). The Consultant shall act as the Corporation’s insurance agent/broker of record with respect to these insurance coverage(s).