Supported Local Development Corporations

In support of its mission to encourage economic growth in each of the five boroughs of New York City, since the July 1, 2017 beginning of NYCEDC's fiscal year ending June 30, 2018, NYCEDC has provided funding to the following local development corporations:

Local Development CorporationDate of FundingAmount of FundingSource of FundingPurpose of Funding
New York Business Assistance Corporation8/4/2017$250,000NYCEDCProviding funds for the Downtown Jamaica Storefront Improvement Grant Program
New York Business Assistance Corporation7/21/2017$500,000NYCEDCProviding funds for Neighborhood Challenge Innovation Grants

Click here for a list of funding that NYCEDC provided to local development corporations in the prior fiscal years.

The following directors, officers, and employees of NYCEDC also serve with certain local development corporations, as set forth opposite their names below1:

NameCurrent NYCEDC PositionLocal Development Corporation2Current Position in Local Development CorporationBeginning date of overlap
Jill BravermanAssistant General CounselBNYCAssistant Secretary9/17/13
Marlene CintronDirectorBronx Overall Economic Development CorporationPresident11/10/10
Fred D'AscoliSenior Vice President, Assistant TreasurerBNYCAssistant Treasurer2/10/15
Carolee FinkExecutive Vice PresidentMoynihan Development Corp.Director7/1/15
Alicia GlenDirectorBNYCDirector2/5/14
Carlos GuerraAssistant SecretaryNYCLDCAssistant Secretary4/30/13
Arthur HauserAssistant SecretaryNYCLDCAssistant Secretary4/30/13
BNYCAssistant Secretary9/17/13
Spencer HobsonExecutive Vice President & TreasurerBNYCTreasurer12/13/11
NYCLDCExecutive Vice President & Treasurer5/24/12
Meredith J. JonesExecutive Vice President, Secretary & General CounselBNYCSecretary & General Counsel12/13/11
James McSpirittDirectorBYNCDirector12/13/11
Shin MitsugiSenior Vice PresidentBNYCAssistant Secretary & Compliance Officer12/13/11
Krishna OmoladeSenior Project ManagerBNYCAssistant Secretary6/14/16
Raafat OsmanAssistant TreasurerBNYCAssistant Treasurer2/9/16
James PatchettPresidentBNYCChairperson & Director


Hudson Yards Development Corp.Director2/9/17
Prospect Park AllianceDirector2/9/17
Public Realm Improvement Fund Governing Group, Inc.Director10/16/17
Johan SalenVice PresidentBNYCExecutive Director1/12/16
Anne ShutkinVice PresidentBNYCDeputy Executive Director9/20/16
Mark SilversmithAssistant Secretary & Special CounselNYCLDCSecretary5/24/12
McCosh ThayerAssistant Vice PresidentBNYCAssistant Secretary10/13/15
Kim VaccariExecutive Vice President & Chief Financial OfficerBNYCChief Financial Officer9/20/12
NYCLDCPresident & Director8/22/12

1Click here for information on simultaneous service on or after July 1, 2012 (i) as a director, officer or employee of NYCEDC; and (ii) as a director, officer or employee of a local development corporation, that has ceased.

2The following abbreviations are used in this chart: BNYC (Build NYC Resource Corporation), and NYCLDC (New York City Land Development Corporation).