Press Releases

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

Current Releases

  • NYCEDC Launches NYCxDESIGN 2017

    New York City Economic Development Corporation (NYCEDC) today launched the fifth installment of NYCxDESIGN, the City’s official celebration of global design. The expanded program includes hundreds of events taking place throughout the five boroughs from May 3 - 24, 2017. NYCxDESIGN focuses on the City’s cultural and commercial opportunities, elevates established and emerging design practices and increases local and international awareness of, and appreciation for, design.
  • All Aboard: Mayor de Blasio Launches NYC Ferry

    After Mayor de Blasio participated in a ceremonial first ride from the Rockaways to Manhattan Sunday, NYC Ferry’s first two routes, the Rockaway and East River routes, went into service today. The first of six NYC Ferry routes offer direct transit connections between Southern Queens, Brooklyn and Manhattan shortening commutes for thousands of New Yorkers.
  • NYCEDC Releases RFEI for Food Retailer and Food Manufacturer at Made in NY Campus

    New York City Economic Development Corporation (NYCEDC) today released a Request For Expressions of Interest (RFEI) for the lease and operation of a 7,500-square-foot building for food retail and food manufacturing at Bush Terminal, the future home of the Made in NY Campus. The Food Building will serve the vibrant campus of garment manufacturing, film/television production, and other light manufacturing workers.
  • NYCEDC and New Lab Announce Launch of Urban Tech Hub

    New York City Economic Development Corporation (NYCEDC) and New Lab today launched the Urban Tech Hub at New Lab. The program connects the City of New York with New Lab’s innovative community and local stakeholders to develop and deploy meaningful tech-based solutions to pressing urban challenges.
  • New York City Council Approves Plan For New Flatbush Caton Market And 100% Affordable Housing Development

    New York City Economic Development Corporation (NYCEDC) today announced that the New York City Council has approved the de Blasio Administration’s plan to transform the Flatbush Caton Market, a local commercial and cultural institution, into a rejuvenated, mixed-use facility. The proposed plan will bring an expanded and renovated market, 250 units of 100% affordable housing, a new space for the Caribbean American Chamber of Commerce and Industry (CACCI), additional community space, and a commercial kitchen that will serve as an incubator space to support the long-term growth and vitality of dozens of local vendors and entrepreneurs.
  • NYCEDC and Hornblower Announce NYC Ferry App Available For Download

    NYCEDC and Hornblower, the operator of NYC Ferry, today announced that the brand new NYC Ferry App is live and available for download in both the Apple and Google Play stores. The NYC Ferry App allows riders to purchase both one-way and 30-day passes, which are valid up to one year from the time of purchase. It also provides maps and schedules, as well as real-time notifications and service alerts.
  • NYCEDC and CFDA Announce Fourth Round of Fashion Manufacturing Initiative Grant Recipients

    In partnership with The Council of Fashion Designers of America (CFDA), the New York City Economic Development Corporation (NYCEDC) today announced the fourth round of grant recipients of the Fashion Manufacturing Initiative (FMI), a public-private grant program designed to support local fashion manufacturing and promote growth in the City’s fashion industry. Seven companies have been awarded nearly $750,000 in FMI grants in the latest round.
  • New York City Hits New Record Low Unemployment for Third Straight Month

    New York City Economic Development Corporation (NYCEDC) announced that citywide unemployment dropped to a new record low of 4.0 percent in March 2017, the lowest rate since 1976, which is the earliest available unemployment data from the New York State Department of Labor (NYSDOL).
  • NYCEDC Announces Official Launch of Lowercase—Brooklyn Army Terminal’s First Advanced Manufacturing Startup

    New York City Economic Development Corporation (NYCEDC) today announced progress on efforts to grow the advanced manufacturing sector with the official launch of Lowercase, an eyewear company that utilizes twenty-first century manufacturing techniques, such as robotics, and is the first advanced manufacturing startup to operate out of the Brooklyn Army Terminal. In October 2016, NYCEDC also announced plans to open a new advanced manufacturing center at the Brooklyn Army Terminal, which will support over 200 business and create over 500 jobs.
  • Statement on Manhattan Community Board 11 Conditional Approval of 126th Street African Burial Ground Memorial and Mixed-Use Project

    “We've taken a significant step towards building a permanent memorial for the historic Harlem African Burial Ground and providing affordable housing and good jobs for East Harlem residents. We're grateful for the support of Community Board 11 and neighborhood residents, and look forward to continuing our partnership with Speaker Mark-Viverito and the Harlem African Burial Ground Task Force to make this project a reality," said Anthony Hogrebe, NYCEDC Senior Vice President of Public Affairs.


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