Browse NYCEDC’s current press releases to learn more about ongoing efforts to strengthen New York City's economy.
August 14, 2006
One million square foot retail center will bring 5,000 jobs, $500 million in private investment and new public waterfront access at the South Bronx.
August 08, 2006
IDA Also Approves Financing Assistance for Gateway Center at Bronx Terminal Market and East River Science Park in Manhattan, Expected to Create a Total of More Than 3,100 New Jobs.
July 26, 2006
Mayor Michael R. Bloomberg announced today new initiatives to alleviate the hardships and damages suffered by the residents and small businesses of Queens affected by the power failure.
July 19, 2006
The Internal Revenue Service (IRS) issued two private letter rulings to New York City Industrial Development Agency (IDA) confirming that the IDA may proceed with issuing tax-exempt governmental bonds to be used by the Yankees and Mets to construct new stadiums.
July 11, 2006
New York City Industrial Development Agency (IDA) today granted preliminary approval for Liberty Bond financing assistance for the redevelopment of the World Trade Center Site.