Press Releases

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

Current Releases

  • The de Blasio Administration and Council Member Richards Announce Approval of the Downtown Far Rockaway Redevelopment Project

    The de Blasio Administration and Council Member Donovan Richards today announced that the Downtown Far Rockaway Redevelopment Project has been approved by the New York City Council, the final necessary vote of the City’s Uniform Land Use Review Procedure (ULURP) process.
  • Statement on the Approval of the 126th Street Harlem African Burial Ground Memorial and Mixed-Use Project by the City Council Planning Subcommittee

    "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 Council Planning Subcommittee 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.
  • Mayor de Blasio Launches NYC Ferry Service Connecting Astoria, Roosevelt Island, LIC and Manhattan

    Mayor Bill de Blasio today officially launched NYC Ferry's Astoria route, whose first trip departed from Astoria at 6:30 a.m. headed to Wall Street/Pier 11. The Astoria route connects residents and workers in Astoria, Roosevelt Island, and Long Island City to Midtown and Lower Manhattan, shortening commutes for thousands of New Yorkers. Passengers are also able to transfer free of charge to NYC Ferry’s East River, Rockaway and South Brooklyn routes at East 34th Street and Wall Street/Pier 11.
  • NYC Ferry Receives 93% Approval in New Rider Survey

    New York City Economic Development Corporation (NYCEDC) today released the results of a survey of over 1,300 NYC Ferry riders. The survey found that across all three active routes (East River, South Brooklyn, and Rockaway), 93% of riders gave NYC Ferry a customer satisfaction rating of seven or higher on a ten-point scale, with 66% giving the highest possible score. Findings also show that 87% of riders are New York City residents, with 85% of weekend riders and 90% of peak-hour riders residing in the five boroughs.
  • NYCEDC Releases NYC Ferry Astoria Route Schedule

    Today, New York City Economic Development Corporation (NYCEDC) released the schedule for NYC Ferry's Astoria Route, the final route to launch this year. Beginning on Tuesday, August 29th at 6:30 a.m., the Astoria Route will connect residents and workers in Astoria, Roosevelt Island, and Long Island City to Midtown and Lower Manhattan, shortening commutes for thousands of New Yorkers.
  • Statement on the Approval of the Downtown Far Rockaway Rezoning by the City Council Subcommittee on Zoning and Franchises

    “Through this plan, Downtown Far Rockaway is finally getting the investment it deserves, with new jobs and mixed-income housing, open space and community facilities. We are proud to have collaborated with Council Member Richards and community leaders to develop a vision for a more vibrant and equitable Downtown Far Rockaway, and to now make that vision a reality.” - NYCEDC President and CEO James Patchett.
  • NYCEDC Announces Changes to NYC Ferry's Soundview Route

    NYCEDC today announced that East 34th St. will be added as a stop on the NYC Ferry Soundview Route. The addition of a stop at East 34th St. will provide Bronx residents with easier access to Midtown Manhattan, where free bus shuttle service will run East–West along 34th St. from the ferry landing, and increased connectivity to three other NYC Ferry Routes: Astoria, East River, and next year, the Lower East Side.
  • NYCEDC and Emerald Expositions Announce New York City’s First Large Scale Virtual Reality Conference + Expo

    New York City Economic Development Corporation (NYCEDC) and Emerald Expositions, the largest trade show organizer in the U.S., today announced plans for the first large-scale Virtual Reality/Augmented Reality (VR/AR) conference in New York City: NYVR Expo. Emerald Expositions has been working with industry leaders in VR/AR to bring the three-day conference and expo to the Jacob Javits Center this fall from October 26-28. The NYVR Expo will be the largest VR/AR conference on the East Coast.
  • New York Works: NYCEDC Announces Plan to Bring First of its Kind Industrial-Commercial-Residential Project to Long Island City Waterfront

    New York City Economic Development Corporation (NYCEDC) today announced a plan to transform two City-owned sites on the Long Island City waterfront into a groundbreaking mixed-use project that combines industrial and commercial office with residential space in order to support 21st century jobs and innovation. Development of the 1.5 million square foot project is expected to create approximately 1,500 permanent and more than 2,500 construction jobs.
  • 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.

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