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 Announces NYC Ferry: Rockaway Route Launching May 1st, One Month Ahead of Schedule

    Mayor Bill de Blasio announces that Citywide Ferry Service, now officially named “NYC Ferry”, will be launching May 1st with two routes: the brand new Rockaway Route and the existing East River Route, both of which will cost just $2.75 a ride and include free transfers to other ferry routes. This puts NYC Ferry a full month ahead of schedule, with the system having initially been projected to launch in June of 2017.
  • NYCEDC To Award Nearly $80 Million In Projects To M/WBE Construction Management Firms

    New York City Economic Development Corporation (NYCEDC) President and CEO James Patchett announced that nearly $80 million in projects are already in the pipeline to be awarded to McKissack and McKissack, Noble Strategy, and Armand, three minority or women-owned construction management firms. In addition, NYCEDC is rolling out the first cohort of prequalified M/WBE ConstructNYC contractors who will have exclusive access to bid on certain NYCEDC projects.
  • Statement on Queens Community Board 14 Vote of Approval with Conditions on the City's Downtown Far Rockaway Plan

    “Last night we took a major step towards bringing transformative investment to Downtown Far Rockaway. We were grateful to receive the support of Community Board 14 and dozens of community members, and we heard clearly their recommendations on how to make the project even better. We’re excited to have the Community Board and local elected leaders at the table as we work to deliver good jobs and much-needed housing for Downtown Far Rockaway," said Anthony Hogrebe, NYCEDC Senior Vice President of Public Affairs.
  • NYCEDC Announces $51M Support Package for NYC Garment Manufacturing Industry in Collaboration with the Council of Fashion Designers of America and Garment District Alliance

    New York City Economic Development Corporation (NYCEDC), in collaboration with the Council of Fashion Designers of America (CFDA) and the Garment District Alliance, today announced an unprecedented $51.3 million-dollar package to help stabilize and strengthen New York City’s garment manufacturing industry.
  • Set Sail! Mayor de Blasio Announces First Citywide Ferry Boat Has Departed Gulf Coast Shipyard for New York City

    Mayor Bill de Blasio today announced that the first of twenty new boats built for the soon-to-be-launched Citywide Ferry Service has departed Horizon Shipyard in Bayou La Batre, Alabama and is on its way to New York City.
  • Statement on United Technologies Corporation Plans for Innovation Center in Brooklyn

    “We are proud to have helped United Technologies Corporation find a home in the five boroughs for its new innovation center," said NYCEDC President and CEO James Patchett. "Leveraging $4 million in support through the City’s Relocation and Employment Assistance Program, UTC will create over 200 quality tech and engineering jobs in Brooklyn. This 50,000 square foot innovation center will build upon the City’s strategic efforts to grow emerging sectors and connect homegrown talent with quality jobs, including through the creation of two Urban Tech Growth Hubs at the Brooklyn Navy Yard and Grand Central Tech, a City-funded VR/AR lab, and the Mayor’s $500m Life Sciences initiative.”
  • Citywide Ferry Model Sets Sail for New York Public Library - Soundview Branch and The Bronx Museum Of The Arts

    NYCEDC and Bronx BP Ruben Diaz Jr. today announced that a scale model of the new Citywide Ferry vessels will be on display at the New York Public Library’s Soundview branch in the Bronx as part of a multi-borough tour. The model will be on display at the library through Wednesday, March 22nd, before moving to The Bronx Museum of the Arts where it will be on display through March 31st.
  • NYCEDC and The Council of Fashion Designers of America Launch Fashion Future Graduate Showcase

    NYCEDC and The Council of Fashion Designers of America are partnering to present the Fashion Future Graduate Showcase, a curated, Made in NY: Fashion physical and digital exhibition of up to 100 top fashion graduates from leading New York colleges and universities, as well as two additional design institutions. Participating schools include Fashion Institute of Technology, Parsons School of Design, Pratt Institute, Rhode Island School of Design and Academy of Art University.
  • New York City Hits Record Low Unemployment, Adds 39,000 Private Jobs in January 2017

    New York City Economic Development Corporation (NYCEDC) today announced that citywide unemployment dropped to a record low of 4.5 percent in January 2017, the lowest rate since 1976, which is the earliest available unemployment data from the New York State Department of Labor (NYSDOL). The unemployment rate breaks the previous record of 4.6 percent in December 2006, and is down from 5.3 percent in January 2016. Citywide unemployment is down from 8.1 percent in December 2013, representing a 3.6 percent drop since Mayor de Blasio took office.
  • Now Hiring: Mayor De Blasio Announces New Ferry Service Adding Jobs In Brooklyn Navy Yard With Homeport And Additional Passenger Landing

    Mayor Bill de Blasio today announced hiring for the first of 200 new jobs to be created by the soon to be launched Citywide Ferry Service. All boats will now be docked, fueled and maintained out of the Brooklyn Navy Yard, where an additional passenger stop also will be added starting in 2018.


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