Press Releases

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

Current Releases

  • City Officials, Local Elected Officials and Community Stakeholders Break Ground on Caton Flats in Flatbush, Brooklyn

    Today, New York City Economic Development Corporation (NYCEDC), Department of Housing Preservation and Development (HPD), Housing Development Corporation (HDC), BRP Companies and project partners broke ground on Caton Flats, a mixed-use development that will contain 255 100% affordable apartments, 20,000 square-feet of community space and a permanent, state-of-the-art home for the revitalized and expanded Flatbush Caton Market, a 20-year-old indoor marketplace through which a variety of Caribbean merchants can operate year-round.
  • NYCEDC Opens the New, State-Of-The-Art Essex Market on the Lower East Side

    New York City Economic Development Corporation (NYCEDC) today opened the new home for the Essex Market at Essex Crossing. Originally opened in 1940, NYCEDC led the relocation and revitalization of the market into a new 37,000 square-foot, state-of-the-art facility that features 37 vendors, two full-service restaurant spaces, a demonstration kitchen for cooking classes and educational programming, and more. The new space, which is triple the size of the previous location, provides the surrounding community and visitors alike with local and globally sourced fresh and affordable grocery items and prepared dishes.
  • NYCEDC Seeks Proposals to Develop and Operate NYC’s Center for Responsible Artificial Intelligence

    The New York City Economic Development Corporation (NYCEDC) today released a request for expressions of interest to secure proposals for the development and operation of the NYC Center for Responsible Artificial Intelligence (AI), an innovation, collaboration and applied research space designed to support the creation of responsible data science and AI in New York City. The Center will convene leaders from New York City startups, large companies, government, community and academia to participate in a set of programs that will establish ethical practices and build trust in this burgeoning technology.
  • NYCxDESIGN 2019 Holds Official Launch at 1stdibs Gallery

    New York City Economic Development Corporation (NYCEDC) today previewed the start of NYCxDESIGN 2019, New York City’s annual celebration of design. The launch of the seventh edition of the program, held at 1stdibs Gallery, in conjunction with the Female Design Council’s opening of their “Deeper than Text” exhibition, previewed hundreds of events happening around the city from May 10 to 22. Hosted at venues throughout the five boroughs, the celebration of design unites culture, education, and entertainment with a wide array of programming, including exhibitions, installations, trade shows, talks, open studios, and more.
  • ICYMI: City Holds Forum to Educate Housing Developers and Supermarket Operators on Available Incentive Programs

    On Thursday, May 2, the New York City Economic Development Corporation (NYCEDC) hosted a forum on the City’s Food Retail Expansion to Support Health (FRESH) program in order to provide an educational workshop and unique networking opportunity for affordable housing developers and supermarket operators that could be eligible for available discretionary tax and zoning benefits. The event featured representatives with NYCEDC, Department of Housing Preservation and Development (HPD), the Mayor’s Office of Food Policy, and the Low Income Investment Fund.


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