Press Releases

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

Current Releases

  • First Cooperatively-Owned Solar Garden in New York State Coming to the Brooklyn Army Terminal

    New York City Economic Development Corporation (NYCEDC) today announced the selection of UPROSE, Solar One and Co-op Power to develop and operate a community solar garden at the Brooklyn Army Terminal (BAT). The rooftop solar array will be the first cooperatively-owned project if its kind in New York State, and will connect hundreds of New Yorkers and industrial businesses to sustainable energy through an affordable subscription-based service.
  • City Officials, Local Leaders, and Community Stakeholders Celebrate Demolition of Former Spofford Youth Detention Center

    Deputy Mayor for Housing and Economic Development Alicia Glen , New York City Economic Development Corporation (NYCEDC) President and CEO James Patchett, Council Member Rafael Salamanca Jr., Bronx Borough President Ruben Diaz Jr., Assembly Member Marcos Crespo, community stakeholders and representatives from Gilbane Development, Hudson Companies and the Mutual Housing Association of New York, today celebrated the start of demolition on the former Spofford Juvenile Detention Center in the Bronx’s Hunts Point community.
  • City of New York Launches Global Challenge to Protect Small Businesses from Cyberattacks

    The Mayor’s Office of the Chief Technology Officer (MOCTO), NYC Cyber Command (C3), and New York City Economic Development Corporation (NYCEDC), today launched the Cybersecurity Moonshot Challenge that calls on industry experts to develop and deliver new, affordable, and scalable solutions to protect New York City-based small and midsize business from the dangers of cyberattacks. The Cybersecurity Moonshot Challenge is a key component of NYCEDC’s Cyber NYC initiative, a $100 million public-private investment aimed at transforming New York City into a global leader of cybersecurity innovation and talent.

    The de Blasio Administration released the Long Island City Investment Strategy today, a comprehensive approach to support sustainable growth. The strategy outlines the City’s commitment to investing $180 million in new City funding for infrastructure improvements, including schools, transportation, and open space.
  • RLab: The First-City Funded VR/AR Center in the Country Opens at Brooklyn Navy Yard

    Today, New York City Economic Development Corporation (NYCEDC), the Mayor’s Office of Media and Entertainment (MOME), and Brooklyn Navy Yard today announced the launch of RLab – the first City-funded virtual and augmented reality lab in the country. Administered by NYU Tandon School of Engineering with a participating consortium of New York City universities including Columbia University, CUNY and The New School, RLab will operate out of Building 22 in the Brooklyn Navy Yard and will cement New York City’s status as a global leader in VR/AR, creating over 750 good-paying jobs.


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