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, 2018 beginning of NYCEDC's fiscal year ending June 30, 2019, NYCEDC has provided funding to the following local development corporations:

Local Development CorporationDate of FundingAmount of FundingSource of FundingPurpose of Funding
NYC Business Assistance Corporation5/17/19$125,000NYCEDCProviding funds for the Downtown Jamaica Storefront Improvement Grant Program
Downtown Brooklyn Partnership, Inc.11/2/18$123,333.30City Capital Budget funds and/or NYCEDC’s programmatic budget     Providing funds for the construction of BAM Park
Greenpoint Manufacturing and Design Center Local Development Corporation8/31/18$10,000,000Mayoral Capital FundsAcquisition of a facility transforming a former factory into a multi-tenant manufacturing center

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
Amy ChanAssistant TreasurerNYCLDCAssistant Treasurer5/9/19
Marlene CintronDirectorBronx Overall Economic Development CorporationPresident11/10/10
Fred D'AscoliSenior Vice President, Assistant Treasurer & ControllerBNYCAssistant Treasurer2/10/15
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
Shin MitsugiSenior Vice PresidentBNYCAssistant Secretary & Compliance Officer12/13/11
Krishna OmoladeAssistant Vice PresidentBNYCAssistant Secretary6/14/16
James PatchettPresident & DirectorBNYCChairperson & Director


Hudson Yards Development Corp.Director2/9/17
Prospect Park AllianceDirector2/9/17
Public Realm Improvement Fund Governing Group, Inc.Director10/16/17
Mark SilversmithAssistant Secretary & Special CounselNYCLDCSecretary5/24/12
McCosh ThayerAssistant Vice PresidentBNYCAssistant Secretary10/13/15
Kim Vaccari Executive Vice President & Chief Financial Officer BNYCChief Financial Officer9/20/12
NYCLDCPresident & Director8/22/12
Public Realm Improvement Fund Governing Group Inc.Alternate Director10/30/18

Betty Woo



Alternate Director



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).