Year in Review – NYCEDC Highlights of 2018
What a year 2018 was! NYCEDC had a busy year in 2018, working on dozens of projects around the city—all guided by our dedication to creating a dynamic, equitable, and sustainable urban economy. Here are just a handful of the many accomplishments we are proud of from 2018:
Leveraging City Assets
Brooklyn Army Terminal’s 100th Year
To celebrate the 100th anniversary of the Brooklyn Army Terminal’s (BAT’s) groundbreaking, NYCEDC unveiled over 500,000 square feet of new industrial space at BAT for over 1,000 new jobs. The former military supply base is now a thriving, modern manufacturing hub. The announcement also welcomed new tenants and unveiled improved public space. In September, thousands attended the BAT Block Party to celebrate the campus’ 100th birthday. Keep an eye out for what happens next with BAT, as NYCEDC will continue working towards establishing BAT as the most innovative and accessible industrial campus in the world.
Drive the Launch, Growth, and Success of Businesses
Women Entrepreneurs NYC
In August, the City announced WE Venture, a plan to increase access to funding for women entrepreneurs through the creation of a Venture Capital Investment Consortium in partnership with selected firms. The consortium will be a part of Women Entrepreneurs NYC (WE NYC), which has worked with over 5,000 women to start and scale their businesses. WE NYC delivers tailored, research-based programs for women entrepreneurs to better connect them to the resources, education, and community they need to flourish. WE NYC services are free and open to all women throughout the five boroughs.
Supporting Quality Jobs and Access to Skills Development
NYCEDC and the NYC Department of Small Business Services announced the opening of applications for an apprenticeship program to connect New Yorkers to 21st century skills needed to fill employer demands. ApprenticeNYC is the first program as part of the City’s $5 million investment to create 450 apprenticeships in the industrial, health, and tech industries over the next three years.
Establishing NYC as a Center for Innovation and Talent
Cyber NYC and Life Sciences Hub
This year, we unveiled plans to transform New York City into a capital of innovation and talent in the cybersecurity and life sciences industries:
- The Cyber NYC initiative will leverage a roster of world-renowned partners to launch a Global Cyber Center (an innovation hub for startups), initiatives to fuel commercialization and research, and new talent pipelines to train the cyber workforce of the future. Cyber NYC will fuel the next generation of cyber security innovation and talent and is expected to create up to 10,000 quality jobs over the next decade.
- Another key component of the City’s overarching plan to create 100,000 quality jobs over the next decade is the LifeSci NYC plan. The city is committing up to $100 million in capital to create a new Applied Life Sciences Hub. The hub will be a center of gravity for the city’s rapidly growing life sciences industry, offering a dynamic, collaborative environment for founders, inventors, and entrepreneurs.
Investing in Our Neighborhoods
Archer Green Apartments
Here at NYCEDC we believe it is important to invest in infrastructure in order to contribute to the growth and connectivity across the five boroughs. In September, we broke ground on Archer Green Apartments in Jamaica, Queens, joined by with HDC, HPD, and local elected officials. The project will convert a former NYPD parking garage into a vibrant, mixed-use development. The project will deliver over 380 units of 100% affordable housing, approximately 15,000 square feet of community facility space, and 68,800 square feet of retail and commercial space. Additionally, the project is expected to create nearly 350 construction jobs and over 300 permanent jobs.
Again, this is just a sampling of the transformational projects we worked on in 2018. For a broader look at highlights from last year, check out the NYCEDC 2018 Time Capsule.
In 2019, we look forward to continuing our mission of strengthening neighborhoods and growing good jobs for the prosperity of all five boroughs.