What Is the NYCEDC, Anyway? Why Should You Care? | Brownstoner

New York economic development

Economic / November 13, 2017

NYCEDC offers the opportunity for a challenging and rewarding career in the heart of New York City. Join our team of skilled and dedicated New Yorkers committed to making the City a more prosperous and satisfying place to live and work.

New York City Economic Development Corporation (NYCEDC) is a not-for-profit that champions a broad range of initiatives designed to develop stronger neighborhoods, stimulate employment growth, and encourage investment throughout each of New York City’s five boroughs. We work hard to modernize the City's infrastructure and improve quality of life in underserved communities. This helps to attract and retain smart and talented New Yorkers – the key to our City’s future.

From helping to revitalize Coney Island to providing financial assistance to immigrant NYC entrepreneurs, NYCEDC leverages the talents of experts in urban planning, economics, real estate, and more to make the aspirations of a neighborhood, or even just one person, a reality.

What We Do

All of our work expresses itself in: promoting and growing quality jobs for all New Yorkers and in cultivating dynamic, resilient communities across all five boroughs.

Our work is guided by five key principles:

1.) Investing in Infrastructure: Invest in critical infrastructure across the five boroughs to support growth and connectivity.

  • Develop additional middle-income housing such as Hunter’s Point South
  • Reinvigorate Long Island City and enhance its accessibility to the rest of the city by expanding the Citywide Ferry service

2.) Unlocking Human Capital: Unlock the full potential of our human capital by supporting quality jobs and providing access to skills development.

  • Assist in overhauling the City’s workforce development system
  • Expand NYCEDC’s HireNYC program and strengthen our industry partnerships, ensuring that skill building is connected to quality employment pipelines

3.) Leveraging City Assets: Leverage City-owned assets to realize a double-bottom line in catalyzing job growth and promoting innovation.

  • Invest $100 million at the Brooklyn Army Terminal that adds an additional 500, 000 square feet of job-intensive light industrial space, creating 1, 700 new jobs
  • Partner with Hot Bread Kitchen at East Harlem’s La Marqueta to help immigrant women become economically independent by training them to bake and sell breads and to develop food incubators for startup businesses

4.) Making it Easier for Business to Start and Grow: Drive sustainable, resilient growth by making it easier for business to start, grow, and thrive in New York City.

Source: www.nycedc.com