Press Releases

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

Current Releases

  • Mayor de Blasio, Borough President Katz, and Council Member Moya Annouce City Will Go All Affordable At First Phase of Willets Point

    Mayor Bill de Blasio, Borough President Melinda Katz and Council Member Francisco Moya today announced an agreement to jumpstart construction of 1,100 affordable apartments on six acres of Willets Point – an increase of 225 affordable homes over the original development proposal. The new homes will be the first built on the wider Willets Point site which was approved for development by the City Council in 2008.
  • New York Works: Cybersecurity Companies Bringing Jobs to NYC, Following Launch of Mayor de Blasio’s Cyber NYC Initiative

    Tel Aviv, Israel – From the stage of Cybertech TLV, one of the world’s largest convenings of the cybersecurity industry, NYCEDC President and CEO James Patchett made the case for New York City as a second home for international firms and announced a swell of new expansions from major industry players. This momentum comes on the heels of Mayor de Blasio’s commitment to grow New York City’s cybersecurity industry, which will help create over 10,000 high-quality jobs in the next ten years.
  • Mayor de Blasio Announces Opening of Senior Affordable Housing Development at Essex Crossing

    Mayor Bill de Blasio today announced the opening of the Frances Goldin Senior Apartments, a 100 percent affordable project with 99 homes on Manhattan’s Lower East Side – while also marking the emotional homecoming of six New Yorkers displaced from their homes 50 years ago.
  • Tech Training Center Kicks Off Public Approval Process

    New York City Economic Development Corporation (NYCEDC), RAL Development Services LLC (RAL), and Civic Hall today announced that the Tech Training Center in Union Square has officially certified into the City's Uniform Land-Use Review Procedure (ULURP) process. The project will pair a digital skills training center with flexible space for tech companies to grow and hire within the building.
  • New York Works: NYCEDC Launches Global Challenge to Create New Applied Life Sciences Hub

    NYCEDC today launched a global challenge to create a world-class hub for life sciences research and development. The “Applied Life Sciences Hub” will be a center of gravity for the city’s rapidly growing life sciences industry, offering a dynamic, collaborative environment for founders, inventors, and entrepreneurs.


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