Mayor Bill de Blasio today announced that NYC Ferry’s ridership could grow to as many as 9 million annual passengers by 2023, twice as many passengers as initially projected, and that the City will invest in a bigger ferry fleet to meet that demand. The Executive Budget includes $300 million in new capital over the next several years for new 350-passenger capacity ferries, improvements to piers and docks, and a second homeport where ferries will be maintained and repaired. The Mayor made the announcement in Bay Ridge, where new ferry service launched last year.
Deputy Mayor of Housing and Economic Development Alicia Glen and Amtrak Chairman Anthony Coscia today announced an agreement that master planning for Sunnyside Yard will begin in summer 2018. The City of New York and Amtrak have signed a letter of intent to formalize collaboration on the master planning process.
New York City Economic Development Corporation (NYCEDC) and New York City Department of Transportation (DOT), in partnership with the Hudson Square Connection Business Improvement District (HSC), today announced a major investment for the Hudson Street streetscape between Canal Street and West Houston Street, to improve pedestrian, bicycle and vehicular safety, while transforming the corridor into a grand boulevard that will beautify the neighborhood.
Mayor Bill de Blasio today announced a first-of-its-kind targeted loan program that will make more than $5 million in affordable capital accessible to women entrepreneurs seeking to grow their businesses. WE Fund: Growth is designed to overcome barriers faced by women seeking to grow their businesses. It will offer loans between $25,000 and $125,000.
New York City and France today announced a partnership to fuel international expansions and investment in the tech and innovation sectors. The partnership was developed by New York City Economic Development Corporation (NYCEDC), the Consulate General of France, and La French Tech NYC, a French-government supported network of entrepreneurs, investors, and tech leaders in New York City. The announcement kicks off a critical year for investment between the two ecosystems, as 30 French companies are expected to expand and create jobs in New York City by the end of 2018.