Press Releases

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

Current Releases

  • NYCEDC Unveils Global Cyber Center, Innovation Hub, and New Talent Pipelines to Secure NYC’s Future

    New York City Economic Development Corporation (NYCEDC) today unveiled its plans to transform New York City into a global leader of cybersecurity innovation and talent to combat one of the world’s greatest threats. Cyber NYC, the City’s initiative to grow the cybersecurity sector, will leverage a roster of world-renowned partners to launch a Global Cyber Center, an innovation hub for startups, initiatives to fuel commercialization and research, and new talent pipelines to train the cyber workforce of the future.
  • Port Authority and NYCEDC To Create Advisory Group To Implement A Regional Barge Network

    Increased use of waterways will provide additional freight transportation capacity along the congested I-95 corridor to supplement trucks in moving cargo to and from the Port of New York and New Jersey
  • New York City Hits Record Low 4.1% Unemployment Rate, Grows 6,000 Jobs in August 2018

    Following last Thursday's release of the August employment report by the New York State Deparment of Labor (NYSDOL), New York City Economic Development Corporation (NYCEDC) today announced key signals that the City’s economy continues to grow, hitting a record low unemployment rate of 4.1%, the lowest since reporting began in 1976.
  • NYCEDC, HDC, HPD and Local Elected Officials Break Ground on 100% Affordable Housing & Mixed-Use Development in Jamaica, Queens

    New York City Economic Development Corporation (NYCEDC) President and CEO James Patchett, Housing Development Corporation (HDC) Executive Vice President of Real Estate, Paula Roy Carethers, Department of Housing Preservation and Development (HPD), Queens Borough President Melinda Katz, Councilmember I. Daneek Miller, State Senator Leroy Comrie, Assemblywoman Alicia Hyndman, Representatives with Omni New York LLC and community stakeholders, today broke ground on Archer Green Apartments in Jamaica, Queens. The transformational project will convert a former New York City Police Department parking garage into a vibrant mixed-use development that will bring affordable housing, a community facility and commercial space to downtown Jamaica.
  • Over 500 Attendees Pack NYCEDC Development Finance Conference on Investing for Impact in NYC

    On September 17, New York City Economic Development Corporation (NYCEDC) hosted its 2018 Development Finance Conference: Investing for Impact in NYC at Convene. Over 550 attendees explored how leveraging the City’s investment strategies can lead to growth across the five boroughs and gained insight into public and private investments that are shaping New York City this year and beyond.

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