Press Releases

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

Current Releases

  • NYCEDC Announces New Plan to Create an Expanded Open Space in Willoughby Square

    New York City Economic Development Corporation (NYCEDC) today announced that it will be advancing development of publicly accessible open space in Downtown Brooklyn’s Willoughby Square. Located on Willoughby Street between Duffield and Gold Streets, NYCEDC anticipates beginning construction on the 1.15-acre street level site in 2020 with completion expected by 2022. The previous proposal involved a financially unfeasible underground garage whose rampways will now be converted into useable green space.
  • City of New York and Hudson Square BID Select Consultants to Construct New Pedestrian Space and Amenities in Hudson Square

    New York City Economic Development Corporation (NYCEDC), New York City Department of Transportation (DOT), in partnership with the Hudson Square Business Improvement District (BID), today announced Prima Paving Corporation, Sam Schwartz Engineering, D.P.C. and Mathews Nielsen Landscape Architects have been selected as the a joint consultancy team that will advance a major public-private, design-build investment between Canal Street and West Houston. The project’s streetscape improvements will strengthen Hudson Square by enhancing pedestrian, bicycle, vehicular traffic safety, transforming the corridor into a grand boulevard that will increase connectivity.
  • City Officials Celebrate Opening of Harlem African Burial Ground Exhibition

    On Wednesday, May 15, New York City Economic Development (NYCEDC) and Department of Cultural Affairs (DCLA), in partnership with Council Member Diana Ayala and the Harlem African Burial Ground Task Force, celebrated the opening of “Reclaiming History, Reinvesting in East Harlem”, a free exhibition at the La Marqueta public market in East Harlem. The exhibition showcases the history of the Harlem African Burial Ground dating back to the 17th century and the planned creation of a permanent memorial and cultural center as part of the mixed-use redevelopment of the former MTA 126th Street Bus Depot. The exhibition will remain open to the public at La Marqueta through the summer during normal business hours.
  • Officials Celebrate the Start of NYC Ferry Service at The Brooklyn Navy Yard

    Newest addition to the City’s ferry commuter system will be part of the Astoria Route
  • NYCEDC Announces Expansion of Staten Island-based Advanced Manufacturing Lab to Brooklyn Army Terminal

    New York City Economic Development Corporation (NYCEDC) and Makerspace NYC today launched the Futureworks Makerspace, a 20,000 square foot prototyping facility that provides small businesses and entrepreneurs affordable access to shared industrial grade machinery.


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