Press Releases

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

Current Releases

  • NYC Ferry Serves 500,000th Rider

    NYCEDC and Hornblower announced that NYC Ferry officially served half a million riders as of Thursday, June 22, 2017 – just 53 days after service began on May 1st. As of Wednesday night, NYC Ferry had already served approximately 498,000 riders, connecting them to good jobs and opportunities in neighborhoods around the city.
  • 100,000 Good-Paying Jobs: Mayor de Blasio Releases 10-Year Plan to Invest in New Industries, Raise Wages, Train New Yorkers, Strengthen Middle Class

    Mayor Bill de Blasio today released New York Works, a series of 25 initiatives to spur 100,000 jobs with good wages over the coming decade. To combat economic inequality, grow the middle class and adapt to ever-changing technology, the City will invest in industries with high wages and job potential, focusing on jobs that pay at least $50,000 per year or offer a clear path to that salary level.
  • Statement on York Studios’ Expansion to the Bronx

    New York City Economic Development Corporation (NYCEDC) President and CEO James Patchett issued the following statement: “NYCEDC is thrilled to partner with York Studios to construct its new Michelangelo Campus. Leveraging $36 million in tax incentives, we will unlock over $50 million in private investment and bring 400 good paying jobs to the Soundview section of the Bronx. The York Studios project helps to advance Mayor de Blasio’s goal to create 100,000 quality jobs through City investment, and the project complements NYCEDC’s efforts to create the first Made in New York campus for film production in Brooklyn.”
  • Mayor de Blasio Launches Service on NYC Ferry's South Brooklyn Route

    Today, Mayor de Blasio officially launched NYC Ferry's South Brooklyn route, with the first trip departing from Bay Ridge at 6:30 a.m. headed to Wall Street/Pier 11. Additional stops along the new route include: Brooklyn Army Terminal in Sunset Park, Atlantic Basin in Red Hook, Atlantic Avenue (BBP Pier 6), DUMBO (BBP Pier 1), and Wall Street’s Pier 11. With 25 daily departures, this new route will better connect residents and workers from Bay Ridge, Sunset Park, Red Hook, DUMBO and Lower Manhattan, and shorten commutes for thousands of New Yorkers.
  • NYCEDC Announces New Office Anchor Strategy to Create Space for Jobs Outside Central Business District

    New York City Economic Development Corporation (NYCEDC) President and CEO James Patchett today announced that, as part of the City’s soon to be released 100,000 jobs plan, the de Blasio administration will be launching a new strategy for creating much-needed office space in emerging and potential business districts around the city.
  • NYCEDC Announces Rollout of Futureworks NYC Advanced Manufacturing Initiative

    New York City Economic Development Corporation (NYCEDC) today announced the next phase of the Futureworks NYC advanced manufacturing initiative. Futureworks NYC will activate a series of partner networks and programs to increase access to advanced manufacturing technology, support startups, and help traditional manufacturing companies implement new technologies to help them remain competitive.
  • NYCEDC Announces Single Operator and $38.5 Million in Capital Improvements for Manhattan and Brooklyn Cruise Terminals

    New York City Economic Development Corporation (NYCEDC) today announced the selection of Ports America to operate both Manhattan and Brooklyn Cruise Terminals through 2029. As part of the new agreement, Ports America has agreed to invest $38.5 million in capital improvements across both terminals, strengthening New York City’s position as one of the country’s premiere cruise ports.
  • NYCEDC Announces First Emerging Developer Loan Fund Recipient

    NYCEDC announced the first recipient to receive a low-interest loan through the Emerging Developer Loan Fund (EDLF). 1193 Fulton Avenue Residence LLC will be a nearly 21,000 square foot, 100% affordable, 25-unit residential building in the Morrisania section of the Bronx.
  • NYCEDC Seeks Operators for Two Restaurant Spaces at the New Essex Street Market

    New York City Economic Development Corporation (NYCEDC) this week released a Request for Proposals (RFP) for operators of two new full-service, sit-down restaurants at the New Essex Street Market on the Lower East Side, which is expected to open June 2018. Specifically, the City is seeking independent, locally-based restaurateurs or restaurant groups who are interested in using farm-to-table seasonal produce or other regional foods on their menus.

    Mayor Bill de Blasio, New York City Economic Development Corporation and Civic Hall Labs today announced three Grand Prize winners and one Judges Award winner of the 2017 NYC BigApps, the City’s premier civic technology competition. This year’s winners seek to improve quality of life for city immigrants, seniors and youth in the challenge areas of transportation, knowledge, and community resiliency.


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