Historic Funding Disclosures

In support of its mission to encourage economic growth in each of the five boroughs of New York City, since the end of NYCEDC’s fiscal year ending June 30, 2012, NYCEDC has provided funding to the following local development corporations:

Local Development CorporationDate of fundingAmount of fundingSource of fundingPurpose of funding
NYC Business Assistance Corporation 6/24/16 $500,000 NYCEDC Providing funds for Neighborhood Challenge Innovation Grants
Greenpoint Manufacturing and Design Center Local Development Corporation 1/29/2016 $14,073.20 Brooklyn Borough President Funds Renovation of a facility transforming a former auto parts warehouse into a multi-tenant manufacturing center
Greenpoint Manufacturing and Design Center Local Development Corporation 9/25/2015 $58,625.55 Brooklyn Borough President Funds Renovation of a facility transforming a former auto parts warehouse into a multi-tenant manufacturing center
Greenpoint Manufacturing and Design Center Local Development Corporation 5/1/15 $312,871.49 Brooklyn Borough President Funds Renovation of a facility transforming a former auto parts warehouse into a multi-tenant manufacturing center
Greenpoint Manufacturing and Design Center Local Development Corporation 3/13/15 $45,348.25 City Council Funds Renovation of a facility transforming a former auto parts warehouse into a multi-tenant manufacturing center
Greenpoint Manufacturing and Design Center Local Development Corporation 3/13/15 $64,901.75 Brooklyn Borough President Funds Renovation of a facility transforming a former auto parts warehouse into a multi-tenant manufacturing center
Nan Shan Local Development Corp.

2/6/15

$36,892.78

City Council Funds Reimbursement of construction costs for the corporation's new senior center
Nan Shan Local Development Corp.

1/2/15

 $351,673.20 City Council Funds Reimbursement of construction costs for the corporation's new senior center
Greenpoint Manufacturing and Design Center Local Development Corporation 12/19/14 $39,651.75 City Council Funds Renovation of a facility transforming a former auto parts warehouse into a multi-tenant manufacturing center
Nan Shan Local Development Corp.

12/5/14

$83,006.25

City Council Funds

Reimbursement of construction costs for the corporation's new senior center
Nan Shan Local Development Corp. 10/31/14 $236,295.47 City Council Funds Reimbursement of construction costs for the corporation's new senior center
Nan Shan Local Development Corp. 10/10/14 $66,289.75 City Council Funds Reimbursement of construction costs for the corporation's new senior center
Nan Shan Local Development Corp. 9/26/14 $253,882.66 City Council Funds Reimbursement of construction costs for the corporation's new senior center
Downtown Brooklyn Partnership, Inc. 7/30/14 $37,175.00 UDAG Reimbursement for consultant hired to provide technical assistance and facilities planning services for the future cultural space tenants in the BAM South project
Nan Shan Local Development Corp. 7/25/14 $102,973.66 City Council Funds Reimbursement of construction costs for the corporation's new senior center
Greenpoint Manufacturing and Design Center Local Development Corporation6/13/14$3,900,000.00City Council FundsRenovation of a facility transforming a former auto parts warehouse into a multi-tenant manufacturing center.
Nan Shan Local Development Corp.4/11/14$36,855.00City Council FundsReimbursement of construction costs for the corporation's new senior center.

Downtown Brooklyn Partnership, Inc.

1/10/14$25,375.00UDAG FundsReimbursement for a consultant hired to assist prospective tenants in developing business plans in connection with occupying designated cultural space in the BAM South project.
New York Business Assistance Corporation1/10/14$75,000.00NYCEDC's programmatic budgetTo support the Corporation's efforts to revitalize the central commercial corridor in the Rockaway section of Queens in the aftermath of Superstorm Sandy.
Nan Shan Local Development Corp.12/6/13$129,375.00City Council FundsReimbursement of construction costs for the corporation's new senior center
Downtown Brooklyn Partnership, Inc.11/25/13$11,500.00UDAG FundsReimbursement for design consultant services for a streetscape project in the Brooklyn Cultural District in Fort Greene.
Nan Shan Local Development Corp.11/1/13$215,118.00City Council FundsReimbursement of construction costs for the corporation's new senior center.
Downtown Brooklyn Partnership, Inc.10/11/13$138,500.00UDAG FundsReimbursement for design consultant services for a streetscape project in the Brooklyn Cultural District in Fort Greene.
Nan Shan Local Development Corp.9/27/13$82,982.90City Council FundsReimbursement of construction costs for the corporation's new senior center.
Downtown Brooklyn Partnership, Inc.6/30/13$1,430,000.00NYCEDC Operating FundsTo support the corporation's master lessee program, which seeks to attract and retain small tech and creatively-driven firms in Downtown Brooklyn.
Downtown Brooklyn Partnership, Inc.6/13/13$11,000.00Mayoral fundsTo support the Corporation's 80 Hanson Place project.
Nan Shan Local Development Corporation5/10/13$42,840.00City Council FundsTo pay for a portion of a new community facility to be operated by the Chinese American Planning Council, containing a senior center; educational, social and community services; support spaces; and medical offices.
East Williamsburg Valley Industrial Development Corporation11/30/12$2,430,000.00The City of New York Capital Budget FundsTo enable the corporation to acquire two properties that will be used to provide affordable industrial space in north Brooklyn. The funds were paid by NYCEDC directly to the seller of the properties.
Coney Island Development Corporation11/23/12$120,000.00NYCEDC's programmatic budgetTo support the Corporation's general operating expenses, including staff, labor, office and occupancy costs, consultant fees, rental or purchase of equipment, advertising, and other costs associated with the Corporation's general administration and operations.
Downtown Brooklyn Partnership, Inc.11/11/12$13,905.00Mayoral fundsTo support the Corporation's 80 Hanson Place project.
Nan Shan Local Development Corporation9/7/12$302,259.96Department of the Aging – Capital Budget FundsTo pay for a portion of a new community facility to be operated by the Chinese American Planning Council, containing a senior center; educational, social and community services; support spaces; and medical offices.
Downtown Brooklyn Partnership, Inc.7/31/12$7,750.00Mayoral fundsTo support the Corporation's 80 Hanson Place project.