Against All Odds: Transforming 42nd Street
A recent documentary tells the story of the economic transformation of 42nd Street in New York City.
Since the early 20th century, 42nd Street has been a world-famous icon—its bright lights, vibrant characters, and street performers have made it one of the most recognizable parts of New York City.
But at one time in the city’s storied history, Times Square and 42nd Street were more a symbol of the economic blight that descended on the city in the 1970s and 80s. The...Read More
On the Sunnyside Yard, Part 6: The Size of the Yard
As the City of New York and Amtrak continue a master planning process to explore the future of Sunnyside Yard in Western Queens, the On the Sunnyside Yard blog series explores a variety of topics related to the yard. In this sixth installment: the immense size of the yard.
Sunnyside Yard covers a vast 180 acres, and this wealth of space presents many opportunities for housing, parks, schools, shops, and much more. As the master planning process continues, public meetings and community input will help shape the future...Read More
The Credentialization Domino Effect
What is credentialization and what does it mean for the workers of New York City?
Since the 2008 recession, policymakers have been split on the reasons behind weak labor markets—periods with high unemployment, underemployment and/or slow wage growth. Some say a skills gap is to blame. Meaning, the skills that employers seek simply aren’t available in the labor market. Other experts, however, suggest that something else is at play: a process called credentialization, our topic here today.
What is Credentialization?
Credentialization is when employers raise the educational requirements
The NYC Blockchain Center is Open: Visit Us and Explore Blockchain in NYC and Beyond
The NYC Blockchain Center opened earlier this year in a 4,000-square-foot space in the Flatiron District. Now, as we move into Blockchain Week NYC 2019, we invite you to take a closer look at our community, our programs, and opportunities in NYC.
by Kimberly Quinones, Executive Director, NYC Blockchain Center
The NYC Blockchain Center is an inclusive focal point for NYC’s growing blockchain ecosystem, harnessing its energy and expertise to foster growth and innovation. It is a public/private partnership between NYCEDC; Future\Perfect Labs; and Global Blockchain Business Council, the private...Read More
How the Brooklyn Army Terminal is Leading Modern Industry in NYC
When the Brooklyn Army Terminal (BAT) was first built in 1918, the US was nearing the end of WWI and needed a facility to ship soldiers and supplies from the East Coast to Europe. But architect Cass Gilbert, who designed New York’s famous Woolworth Building and the US Supreme Court Building, wasn’t just thinking about the war—he was thinking about the future. By designing BAT with open, versatile spaces, he enabled it to become much more than an army base.
Today, BAT is home to more than 100 businesses and 4,000 employees, who produce thousands of products on-site, right here in New York. Here are five reasons why BAT has become the...Read More
On the Sunnyside Yard, Part 5: Findings from the Second Public Meeting
As the City of New York and Amtrak, in collaboration with the public, the Steering Committee and the interagency team, continue a master planning process to explore the future of Sunnyside Yard in western Queens, the On the Sunnyside Yard blog series highlights our second public meeting.
In the second public meeting on the Sunnyside Yard master plan on March 26, more than 200 New Yorkers gathered at PS 166Q Henry Gradstein Elementary School in...Read More
Want Clean Trucks in NYC? It Won’t Happen by Itself.
This week, NYCEDC released a Request for Expressions of Interest (RFEI) to develop an electric vehicle support structure in New York City. Here’s why that’s so important.
The freight industry plays a big role in the lives of all New Yorkers, but it’s probably not something most of us think about every day, every week, or…...Read More
A Win for the Environment: The Saw Mill Creek Wetland Mitigation Bank
NYCEDC and the City are leading the charge to clean and restore the Saw Mill Creek Wetland by selling mitigation credits—a first for a major city like New York. Here’s what you need to know about the process.
- What is the Saw Mill Creek Wetland?
- The Saw Mill Creek Wetland is a 70-acre area of coastal wetland on Staten Island’s western shore that’s in the final stages of being cleaned and restored to its natural state.
- Why are wetlands important?
- Wetlands are home to water-purifying plants; serve as a wildlife refuge for birds, fish, shellfish, and other animals; and protect the coast from...
ConstructNYC Applications Open
A proven game-changer for independent construction firms, ConstructNYC is once again accepting applications for firms to work on city projects. Interested companies should apply now to prequalify for the program.
Launched in 2016, ConstructNYC awards NYCEDC construction contracts of up to $2M to minority/women-owned and other...Read More
On the Sunnyside Yard, Part 4: A History
Over the next 18 months, the City and Amtrak are engaging in a master planning process to explore the future of Sunnyside Yard in western Queens. This is the fourth installment in a blog series about the yard, its history, and the master planning process itself.
Like all of New York City, Sunnyside Yard has evolved over time, responding to the changing demands of the city, its residents, and the railroads that use it.