Press Releases

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

Current Releases

  • RLab: The First-City Funded VR/AR Center in the Country Opens at Brooklyn Navy Yard

    Today, New York City Economic Development Corporation (NYCEDC), the Mayor’s Office of Media and Entertainment (MOME), and Brooklyn Navy Yard today announced the launch of RLab – the first City-funded virtual and augmented reality lab in the country. Administered by NYU Tandon School of Engineering with a participating consortium of New York City universities including Columbia University, CUNY and The New School, RLab will operate out of Building 22 in the Brooklyn Navy Yard and will cement New York City’s status as a global leader in VR/AR, creating over 750 good-paying jobs.
  • De Blasio Administration and Alexandria Real Estate Equities, Inc. Finalize Deal for Expansion of Life Sciences R&D Campus in Kips Bay

    The de Blasio Administration and Alexandria Real Estate Equities, Inc. (NYSE: ARE) today announced a final agreement to initiate the third phase of development of the Alexandria Center® for Life Science – New York City in Kips Bay, also known as the North Tower. The Alexandria Center is the City’s first collaborative campus for life sciences research and development and commercialization. Construction of the North Tower will complete the campus, which currently comprises the East and West Towers, resulting in nearly 1.3 million square feet of commercial laboratory facilities, pre-built space for emerging companies, flexible office space, and amenities for life science research and development tenants.
  • De Blasio Administration Announces Next Steps Towards Completion of Manhattan Waterfront Greenway

    The de Blasio Administration today released a progress update for the City’s vision to close the 32.5-mile loop of the Manhattan Waterfront Greenway. The Manhattan Waterfront Greenway brochure outlines more than $250 million of investments in key areas in Inwood, Harlem, East Harlem, and East Midtown, with a vision for the remaining gaps and upgrade areas. These projects will add approximately 15 acres of quality open space that integrates the Greenway into neighborhoods that have historically been disconnected from the waterfront. In addition, the de Blasio Administration has already invested over $400 million in repairing the existing Greenway.
  • NYCEDC and HITLAB Announce Fourth Class of the Digital Health Breakthrough Network

    New York City Economic Development Corporation (NYCEDC), in partnership with HITLAB, announced today the fourth class of the Digital Health Breakthrough Network, an initiative for startups to pilot their products with end-users and strengthen their connection to New York City healthcare and technology sectors. The latest class of startups are developing technologies such as voice technology for managing care for senior citizens and technology for detecting and preventing hospital-acquired infections.
  • New York Works: NYCEDC Seeks Respondent to Acquire and Operate Property Dedicated to Fashion Manufacturing in the Garment Center

    New York City Economic Development Corporation (NYCEDC) today released a Request for Expressions of Interest (RFEI) that seeks to identify respondents interested in acquiring and operating property in or around the Garment Center that will provide dedicated space for fashion manufacturers. The building to be acquired will provide fashion manufacturers with real estate stability through affordable, long-term leases offered to tenants. In addition, the City of New York has committed up to $20 million in City funding towards a portion of the acquisition costs.


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