Press Releases

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

Current Releases

  • New York City’s First Proton Therapy Center Opens in East Harlem

    New York City Economic Development Corporation President and CEO James Patchett, Manhattan Deputy Borough President Matthew Washington, Council Member Diana Ayala, New York Proton Center CEO Allan Freeman, and officials with several premier health care institutions celebrated the opening of the New York Proton Center (NYPC) in East Harlem, New York City’s first proton therapy facility. Operated by a consortium of three New York City-based health care institutions, Memorial Sloan Kettering Cancer Center, Montefiore Health System and Mount Sinai Health System, the 140,000-square-foot facility will be a beacon of top-quality cancer care nationwide.
  • NYCEDC Allocates Mutual Housing Association of New York $18M to Construct Industrial Center in the South Bronx

    New York City Economic Development Corporation (NYCEDC) today announced the selection of Mutual Housing Association of New York (MHANY) as the next awardee of the Industrial Developer Fund (IDF) and as the recipient of the Industrial Developer Loan Fund (IDLF). The $18M allocation will support MHANY’s development of nearly 50,000 square feet of industrial space that will be part of The Peninsula, a vibrant 5-acre, mixed-use campus in the Hunts Point section of the South Bronx.
  • NYCEDC To Install Brand New Pedestrian Bridge on West Thames Street in Lower Manhattan

    New York City Economic Development Corporation (NYCEDC) today announced upcoming installation plans of the West Thames Street Pedestrian Bridge. After traveling by barge from Red Hook, Brooklyn to Battery Park City, the 230-foot bridge is comprised of two spans and will be set in place over West Street this spring and open to the public this fall following engineering testing and inspections.
  • NYCEDC Awarded $55M In New Markets Tax Credits for Community Investment Projects

    New York City Economic Development Corporation (NYCEDC) today announced that New York City has been awarded $55 million in New Markets Tax Credits (NMTC) from the U.S. Department of Treasury. The credits will be allocated to NYC Neighborhood Capital Corporation (NYCNCC), a community development entity administered by NYCEDC. The $55 million NMTC allocation provides an exciting opportunity to leverage private investment and provide low-cost financing to advance community-focused real estate development projects, create jobs, and strengthen historically underserved areas throughout the City of New York.
  • 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.


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