New York City Economic Development Corporation (NYCEDC) today announced that the New York City Council has approved the de Blasio Administration’s plan to transform the Flatbush Caton Market, a local commercial and cultural institution, into a rejuvenated, mixed-use facility. The proposed plan will bring an expanded and renovated market, 250 units of 100% affordable housing, a new space for the Caribbean American Chamber of Commerce and Industry (CACCI), additional community space, and a commercial kitchen that will serve as an incubator space to support the long-term growth and vitality of dozens of local vendors and entrepreneurs.
NYCEDC and Hornblower, the operator of NYC Ferry, today announced that the brand new NYC Ferry App is live and available for download in both the Apple and Google Play stores. The NYC Ferry App allows riders to purchase both one-way and 30-day passes, which are valid up to one year from the time of purchase. It also provides maps and schedules, as well as real-time notifications and service alerts.
In partnership with The Council of Fashion Designers of America (CFDA), the New York City Economic Development Corporation (NYCEDC) today announced the fourth round of grant recipients of the Fashion Manufacturing Initiative (FMI), a public-private grant program designed to support local fashion manufacturing and promote growth in the City’s fashion industry. Seven companies have been awarded nearly $750,000 in FMI grants in the latest round.
New York City Economic Development Corporation (NYCEDC) announced that citywide unemployment dropped to a new record low of 4.0 percent in March 2017, the lowest rate since 1976, which is the earliest available unemployment data from the New York State Department of Labor (NYSDOL).
New York City Economic Development Corporation (NYCEDC) today announced progress on efforts to grow the advanced manufacturing sector with the official launch of Lowercase, an eyewear company that utilizes twenty-first century manufacturing techniques, such as robotics, and is the first advanced manufacturing startup to operate out of the Brooklyn Army Terminal. In October 2016, NYCEDC also announced plans to open a new advanced manufacturing center at the Brooklyn Army Terminal, which will support over 200 business and create over 500 jobs.
“We've taken a significant step towards building a permanent memorial for the historic Harlem African Burial Ground and providing affordable housing and good jobs for East Harlem residents. We're grateful for the support of Community Board 11 and neighborhood residents, and look forward to continuing our partnership with Speaker Mark-Viverito and the Harlem African Burial Ground Task Force to make this project a reality," said Anthony Hogrebe, NYCEDC Senior Vice President of Public Affairs.