Press Releases

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

Current Releases

  • Statement from NYCEDC President James Patchett on the City Council Land Use Committee Vote to Rezone Greater East Midtown

    “The Greater East Midtown rezoning plan is a game-changer for our city’s economy. By creating new and modern space to attract the jobs of the future, the rezoning delivers on a key component of New York Works, our strategy to create 100,000 good-paying jobs over the next decade. Today’s approval is a major step, and we look forward to a vote by the full City Council next week. Congratulations to Council Member Dan Garodnick, Manhattan Borough President Gale Brewer and the Department of City Planning for their work in bringing the proposal to this milestone. We believe this plan will spur a whole new era of accessible job growth for New Yorkers," said NYCEDC President James Patchett.
  • Statement on City Planning Commission Approval of 126th Street Harlem African Burial Ground Memorial and Mixed Use Project

    “Today’s vote marks another major step towards building a permanent memorial for the historic Harlem African Burial Ground and providing affordable housing and jobs for East Harlem residents. We are grateful to receive the support of the City Planning Commission and look forward to continuing to work with Speaker Mark-Viverito, the Harlem African Burial Ground Task Force, and other community leaders to make this project a reality,” said Anthony Hogrebe, NYCEDC Senior Vice President of Public Affairs.
  • New York Works: NYCEDC Announces 450,000-Square-Foot Office Building and School in Downtown Brooklyn

    New York City Economic Development Corporation (NYCEDC) today announced the sale of 420 Albee Square to JEMB Realty Corporation (JEMB). The development at 420 Albee Square, which was recently unveiled by JEMB as One Willoughby Square (One Willoughby), will bring over 380,000 square feet of commercial space, including ground floor retail, and over 300 school seats to Downtown Brooklyn. The project marks the first ground-up office development in Downtown Brooklyn since the neighborhood’s 2004 re-zoning. One Willoughby is expected to create over 1,100 permanent jobs and over 1,000 construction jobs.
  • Mayor de Blasio and NYC Ferry Celebrate One Million Riders Since May 1

    Mayor Bill de Blasio today joined local officials and residents in Long Island City to celebrate one million riders served by NYC Ferry and announce the that the fourth NYC Ferry route, connecting Astoria, Long Island City, Roosevelt Island, 34th Street and Wall Street, will launch Tuesday, August 29, the week before Labor Day Weekend.
  • NYCEDC Announces NYCxDESIGN 2018 Dates

    New York City Economic Development Corporation (NYCEDC) today announced that its sixth annual NYCxDESIGN celebration will run from May 11–23, 2018. The citywide celebration of global design unites culture, education, and entertainment with a wide array of programming, including exhibitions, installations, trade shows, talks, open studios, and more.
  • NYCEDC and Council Member Menchaca Announce Opening of New Entrance to Bush Terminal Piers Park

    New York City Economic Development Corporation (NYCEDC) and Council Member Carlos Menchaca today announced the opening of a second entrance to Bush Terminal Piers Park. The new entrance, located at 50th Street and First Avenue, will increase the community’s access to the 10-block waterfront park, which features an esplanade, synthetic turf sport fields, benches, and views of New York Harbor, among other features.
  • City Officials Tour Advanced Aerospace Manufacturing Company in College Point

    Deputy Mayor for Housing and Economic Development Alicia Glen and New York City Economic Development Corporation (NYCEDC) President and CEO James Patchett today toured S&L Aerospace Metals, LLC, a premier hydraulic aircraft manufacturing company based in College Point, Queens. The City and EDC sold two lots to S&L so it could expand its business, which is adjacent to the lots. The acquisition enables S&L, which currently has 84 full-time workers, to create approximately twenty new advanced manufacturing jobs for local residents.
  • Mayor de Blasio Announces Plans for a $65 Million Community Health Center in Flushing

    Mayor Bill de Blasio today announced plans for Healthview, a 77,000 square-foot medical facility that will be part of the Mayor’s Caring Neighborhoods Initiative in Flushing, Queens. Operated by the Charles B. Wang Community Health Center, the new center will provide care to over 25,000 underserved New Yorkers and create over 140 new jobs in the first three years of operation.
  • New York Works: NYCEDC and DCLA Announce 50,000 Square Feet of Artist Workspace at Brooklyn Army Terminal

    New York City Economic Development Corporation (NYCEDC) and NYC Department of Cultural Affairs (DCLA) today announced the creation of 50,000 square feet of artist studios and workspace for art-based businesses at the Brooklyn Army Terminal. ArtBuilt Brooklyn, a nonprofit arts organization, will bring subdivided, affordable artist workspace to Sunset Park as part of Mayor de Blasio’s Affordable Real Estate for Artists (AREA) initative, building on the Administration’s efforts to create 10,000 good jobs by supporting the city’s creative and cultural sectors.
  • De Blasio Administration Welcomes Formula E to New York with Arrival of Fully-Electric Race Cars

    The De Blasio administration today welcomed Formula E - the world’s first fully-electric single-seater racing series - to Brooklyn ahead of the first-ever New York City ePrix on July 15 & 16. City officials and Formula E CEO Alejandro Agag kicked off race weekend activity with the unveiling of fully-electric Formula E cars delivered to the bespoke track at the Brooklyn Cruise Terminal.


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