NYCIDA

PRESS RELEASE

NYCEDC And ShopRite Announce Grand Opening Of Gateway Center Supermarket, Creating More Than 350 Jobs in East New York

NYCEDC and ShopRite today announced the grand opening of ShopRite of Gateway Center in East New York, which will create more than 350 full and part-time jobs in the area and bring fresh produce to an underserved neighborhood.

PRESS RELEASE

NYCIDA Approves Assistance for New Fine Fare Supermarket in the Bronx

NYCIDA today approved assistance for the renovation of a vacant 19,000-square-foot building to house a brand new Fine Fare supermarket at 801 East Gun Hill Road in the Williamsbridge section of the Bronx.

NYCIDA Board of Directors

Find out more about the NYCIDA Board of Directors, Officers and Committees

Financial & Public Documents

Download NYCIDA annual reports, financials, meeting and committee minutes, and other public statements and documents.

Mondial Automotive Inc.

Find out about a true immigrant entrepreneur success story. With the help of NYCEDC and NYCIDA, the Kaldawy family, founders of Mondial Automotive, was able to stay in Queens, grow their business and make it here, in New York City.

Compliance

Our Compliance Department is responsible for the management, reporting, and oversight of NYCIDA post-closing transactions and agreements.

Application Process

Read our step-by-step guide to the NYCIDA application process and review timing and fee-schedules.

Tax Incentives

Food Retail Expansion to Support Health (FRESH)

Last Updated

FRESH promotes the establishment and expansion of neighborhood grocery stores in underserved communities by providing zoning and financial incentives to eligible grocery store operators and developers.

FAQ

Does NYCIDA provide loans or grants?

Last Updated

NYCIDA does not provide loans or grants, but instead acts as a conduit organization for financing in the bond market and it conveys certain tax reductions.

FAQ

What is the minimum project size to financially merit an NYCIDA transaction?

Last Updated

A project size of $1 million or greater is generally where the break-even point occurs, from the Company’s perspective. NYCIDA staff will work with you to determine if it is in a company’s interest – as well as in the City’s – to apply for NYCIDA benefits or to help identify other programs that may be a better fit.