Press Releases

Browse NYCEDC’s current press releases to learn more about ongoing efforts to strengthen New York City's economy.

Current Releases

  • Set Sail! Mayor de Blasio Announces First Citywide Ferry Boat Has Departed Gulf Coast Shipyard for New York City

    Mayor Bill de Blasio today announced that the first of twenty new boats built for the soon-to-be-launched Citywide Ferry Service has departed Horizon Shipyard in Bayou La Batre, Alabama and is on its way to New York City.
  • Statement on United Technologies Corporation Plans for Innovation Center in Brooklyn

    “We are proud to have helped United Technologies Corporation find a home in the five boroughs for its new innovation center," said NYCEDC President and CEO James Patchett. "Leveraging $4 million in support through the City’s Relocation and Employment Assistance Program, UTC will create over 200 quality tech and engineering jobs in Brooklyn. This 50,000 square foot innovation center will build upon the City’s strategic efforts to grow emerging sectors and connect homegrown talent with quality jobs, including through the creation of two Urban Tech Growth Hubs at the Brooklyn Navy Yard and Grand Central Tech, a City-funded VR/AR lab, and the Mayor’s $500m Life Sciences initiative.”
  • Citywide Ferry Model Sets Sail for New York Public Library - Soundview Branch and The Bronx Museum Of The Arts

    NYCEDC and Bronx BP Ruben Diaz Jr. today announced that a scale model of the new Citywide Ferry vessels will be on display at the New York Public Library’s Soundview branch in the Bronx as part of a multi-borough tour. The model will be on display at the library through Wednesday, March 22nd, before moving to The Bronx Museum of the Arts where it will be on display through March 31st.
  • NYCEDC and The Council of Fashion Designers of America Launch Fashion Future Graduate Showcase

    NYCEDC and The Council of Fashion Designers of America are partnering to present the Fashion Future Graduate Showcase, a curated, Made in NY: Fashion physical and digital exhibition of up to 100 top fashion graduates from leading New York colleges and universities, as well as two additional design institutions. Participating schools include Fashion Institute of Technology, Parsons School of Design, Pratt Institute, Rhode Island School of Design and Academy of Art University.
  • New York City Hits Record Low Unemployment, Adds 39,000 Private Jobs in January 2017

    New York City Economic Development Corporation (NYCEDC) today announced that citywide unemployment dropped to a record low of 4.5 percent in January 2017, the lowest rate since 1976, which is the earliest available unemployment data from the New York State Department of Labor (NYSDOL). The unemployment rate breaks the previous record of 4.6 percent in December 2006, and is down from 5.3 percent in January 2016. Citywide unemployment is down from 8.1 percent in December 2013, representing a 3.6 percent drop since Mayor de Blasio took office.
  • NYCEDC and HPD Announce Commitment to Bring Affordable Housing to East Harlem

    New York City Economic Development Corporation (NYCEDC) President James Patchett and Department of Housing Preservation and Development (HPD) Commissioner Maria Torres-Springer today announced a commitment to bring deeply affordable housing to the site of a former MTA bus depot on East 126th Street in East Harlem.
  • Now Hiring: Mayor De Blasio Announces New Ferry Service Adding Jobs In Brooklyn Navy Yard With Homeport And Additional Passenger Landing

    Mayor Bill de Blasio today announced hiring for the first of 200 new jobs to be created by the soon to be launched Citywide Ferry Service. All boats will now be docked, fueled and maintained out of the Brooklyn Navy Yard, where an additional passenger stop also will be added starting in 2018.
  • NYCEDC and MOME Release VR/AR Lab RFP

    New York City Economic Development Corporation (NYCEDC) and the Mayor’s Office of Media and Entertainment (MOME) today released a Request for Proposals (RFP) for a Virtual Reality and Augmented Reality (VR/AR) lab. The lab will support growing VR/AR companies and entrepreneurs and convene cross-sector stakeholders to position New York City as a global leader in the emerging VR/AR industry.
  • NYCEDC Analysis Shows Strong Job and Wage Growth in Every Borough Since Beginning of de Blasio Administration

    New York City Economic Development Corporation (NYCEDC) today released an economic analysis, which found jobs and wages have gone up in every borough since the beginning of the de Blasio Administration.
  • Model Citywide Ferry Boat Sets Sail For Manhattan Borough President's Office

    New York City Economic Development Corporation (NYCEDC) and Manhattan Borough President Gale Brewer today announced that a model of the new Citywide Ferry boats will be on display in the lobby of the Borough President’s office as part of a multi-borough tour. The scale model of the ferry vessel will be docked on the 19th floor of the Manhattan Municipal Building through March 10th. The model began its voyage at Queens Borough Hall and Rockaway Library earlier this year before sailing to Brooklyn Borough Hall late last month.


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