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
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
Marlene CintronDirectorBronx Overall Economic Development CorporationPresident11/10/10
Fred D'AscoliSenior Vice President, Assistant Treasurer & ControllerBNYCAssistant Treasurer2/10/15
Carolee FinkChief Development OfficerMoynihan Development Corp.Director7/1/15
Alicia Glen  Director  BNYCDirector2/5/14

Hudson Yards Development Corporation

Director & Chairperson


Public Realm Improvement Fund Governing Group, Inc.

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
Raafat OsmanAssistant Treasurer & Deputy ControllerBNYCAssistant 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
Carl RodriguesAlternate DirectorHudson Yards Development CorporationAlternate Director5/10/17
Hudson Yards Infrastructure CorporationAlternate Director5/10/17
Lower Manhattan Development CorporationDirector1/2018
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).