Press Releases

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

Current Releases

  • NYCEDC Announces Single Operator and $38.5 Million in Capital Improvements for Manhattan and Brooklyn Cruise Terminals

    New York City Economic Development Corporation (NYCEDC) today announced the selection of Ports America to operate both Manhattan and Brooklyn Cruise Terminals through 2029. As part of the new agreement, Ports America has agreed to invest $38.5 million in capital improvements across both terminals, strengthening New York City’s position as one of the country’s premiere cruise ports.
  • NYCEDC Announces First Emerging Developer Loan Fund Recipient

    NYCEDC announced the first recipient to receive a low-interest loan through the Emerging Developer Loan Fund (EDLF). 1193 Fulton Avenue Residence LLC will be a nearly 21,000 square foot, 100% affordable, 25-unit residential building in the Morrisania section of the Bronx.
  • NYCEDC Seeks Operators for Two Restaurant Spaces at the New Essex Street Market

    New York City Economic Development Corporation (NYCEDC) this week released a Request for Proposals (RFP) for operators of two new full-service, sit-down restaurants at the New Essex Street Market on the Lower East Side, which is expected to open June 2018. Specifically, the City is seeking independent, locally-based restaurateurs or restaurant groups who are interested in using farm-to-table seasonal produce or other regional foods on their menus.

    Mayor Bill de Blasio, New York City Economic Development Corporation and Civic Hall Labs today announced three Grand Prize winners and one Judges Award winner of the 2017 NYC BigApps, the City’s premier civic technology competition. This year’s winners seek to improve quality of life for city immigrants, seniors and youth in the challenge areas of transportation, knowledge, and community resiliency.
  • Statement on Bronx Community Board 4 Conditional Approval of Lower Concourse North Project

    On Tuesday, May 23, 2017, Bronx Community Board 4 conditionally approved the Lower Concourse North project.
  • NYCEDC Names Mayor’s Life Sciences Advisory Council

    New York City Economic Development Corporation (NYCEDC) today announced the official formation of the Mayor’s Life Sciences Advisory Council. The group of experts from academia, commercial R& D, finance, and philanthropy will provide guidance and secure strategic partnerships as the City executes on LifeSci NYC, a $500 million initiative to create an estimated 16,000 good-paying jobs and establish New York City as a global leader in life sciences research and development.
  • NYCEDC and Hornblower Announce First Ocean-Class NYC Ferry Boat En Route to New York City

    New York City Economic Development Corporation and Hornblower, the operator of NYC Ferry, today announced that the first of three ocean-class vessels built for NYC Ferry service’s Rockaway route has departed Horizon Shipyard in Bayou La Batre, Alabama, and is on its way to New York City.
  • Metropolitan Rail Freight Council Releases Action Plan to Increase Rail Freight Capacity in NYC Metro Area

    The Metropolitan Rail Freight Council (MRFC) today released its first-ever Action Plan, a guiding document dedicated to growing rail freight capacity and volumes, investing in and preserving rail freight infrastructure, creating quality jobs, promoting environmental sustainability, creating an infrastructure bank, and ensuring a more resilient freight supply chain for the New York City metropolitan area.
  • NYCEDC, iStar, Legends Hospitality Announce Restoration of Historic Childs Building at Coney Island Boardwalk

    New York City Economic Development Corporation (NYCEDC), iStar, Live Nation, and Legends Hospitality, today cut the ribbon on the restored Childs Building to mark the opening of Kitchen 21, a five-concept restaurant adjacent to the new Ford Amphitheater at Coney Island Boardwalk that will bring new dining options to both residents and visitors.
  • NYCEDC and HPD Release Plans to Bring Affordable Housing, Mixed-Use Development to Former Slaughterhouse Site on Far West Side of Manhattan

    New York City Economic Development Corporation (NYCEDC) and the New York City Department of Housing Preservation and Development (HPD) today announced plans to transform the former Slaughterhouse site adjacent to Hudson Yards into a mixed-use development that will bring approximately 230 units of affordable housing to this burgeoning area of Manhattan. The project will also include 200,000 square feet of commercial office space, a 12,000 square foot grocery, over 88,000 square feet of dormitory space and more than 28,000 square feet of amenity space that will include a health club, food court, and laundry facility. The project builds on the de Blasio Administration’s commitment to create or preserve 200,000 affordable housing units in 10 years.


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press office phone:
(212) 312-3523

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