Press Releases

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

Current Releases

  • Mayor De Blasio Expands NYC Ferry System, Connecting All Five Boroughs

    Following his State of the City address last week, Mayor de Blasio today released additional details about the expansion of the NYC Ferry system, which will begin serving all five boroughs in 2020. The expansion includes the addition of two new routes that will run from Staten Island and Coney Island, plus the modification of two existing routes to include new stops in the Bronx and Brooklyn. A new ferry stop in the Throggs Neck/Ferry Point Park section of the Bronx will join the Soundview route, and a stop at the Brooklyn Navy Yard will be added to the Astoria Route.
  • NYCEDC To Open NYC’s Public-Private Blockchain Center

    New York City Economic Development Corporation (NYCEDC) has announced it has selected Future\Perfect Labs and Global Blockchain Business Council Future to launch and operate the City’s first public-private NYC Blockchain Center and SecondMuse to operate the NYC BigApps Blockchain Challenge. Both initiatives will help foster the continued growth of New York City’s burgeoning blockchain industry.
  • NYCEDC Unveils NYCxDESIGN 2019 Programming

    New York City Economic Development Corporation (NYCEDC) today previewed programming that will be part of NYCxDESIGN 2019, New York City’s annual celebration of design. The seventh edition of the festival will include hundreds of events throughout the five boroughs from May 10 to 22, 2019. The citywide celebration of design unites culture, craft, education, and entertainment with a wide array of programming, including product launches, exhibitions, installations, trade shows, talks, open studios, and more.
  • NYCEDC Launches New Sales Tax Exemption Program to Support Small Business Retailers and Industrial Businesses in Highly Distressed Areas

    New York City Economic Development Corporation (NYCEDC) today launched the Accelerated Sales Tax Exemption Program (ASTEP) to support the growth and competitiveness of small industrial, non-retail commercial, and food-retail businesses located in highly-distressed neighborhoods of New York City.
  • NYCEDC Facilitates Over $130M in Bonds for Richmond University Medical Center

    New York City Economic Development Corporation (NYCEDC) today announced the Build NYC board approval of $132 million in tax-exempt bonds to help fuel the modernization of Richmond University Medical Center (RUMC). The project, which has received funding from the City, Borough President James Oddo, Council Member Deborah Rose, Council Member Steven Matteo, and other local stakeholders, will include the addition of a 21st century emergency department and further positions the medical center to meet the growing health care needs of Staten Island residents. In addition, this project will support the growth of good jobs on Staten Island’s North Shore, as the medical center is already one of the largest employers in the borough.


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