News & Press

  • New York City Hits Record Low 4.1% Unemployment Rate, Grows 6,000 Jobs in August 2018

    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.

  • NYCEDC, HDC, HPD and Local Elected Officials Break Ground on 100% Affordable Housing & Mixed-Use Development in Jamaica, Queens

    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.

On the Blog

A High School Intern’s Experience at NYCEDC

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.


  • PortNYC

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    PortNYC facilities include marine cargo terminals, rail facilities, cruise terminals, ferry landings, and heliports within the five boroughs of the City of New York.

  • New York Works Industry Spotlight

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    Goods for the Good of the City

Real Estate Development & Procurement