Rachel Loeb. Image Credit: NYC EDC
Outgoing EDC President James Patchett returns to the private sector while Acting EDC President Rachel Loeb is appointed and works to help NYC recover, rebuild, and reemerge in the wake of the COVID-19 pandemic. On Monday, March 8, 2021, Rachel Loeb assumed the position of Acting President of the New York City Economic Development Corporation (EDC) after being appointed by Mayor Bill de Blasio. Loeb succeeds James Patchett, who worked for the City for seven years. Patchett is returning to the private sector. (read more…)
Image Credit: NYC EDC.
The plan calls for 100 percent affordable housing with emphasis on lowest incomes, transportation, new parks and open space. On March 4, 2020, the New York City Economic Development Corporation announced Mayor Bill de Blasio’s and Amtrak’s Sunnyside Yard Master Plan. The Plan’s framework will focus on building new public transit and making all housing affordable, especially for New Yorkers earning less than $50,000 per year. Sunnyside Yard is bounded by Northern Boulevard to the north, Skillman Avenue to the south, Thomson Avenue to the west and 43rd Street to the east. Over the last fifteen years, Western Queens has experienced rapid growth, putting strains on infrastructure, transportation, and housing. The Sunnyside Yard Master Plan presents an opportunity to create nearly 115 acres of new public land by decking over Sunnyside Yard. (read more…)
Added public space that was part of the 2004 Hunts Point Vision Plan. Public feedback is now being requested to update the plan. Image Credit: NYCEDC
The New York City Economic Development Corporation (NYCEDC) selected a team at the Pratt Center for Community Development to facilitate community outreach for a plan to redevelop Hunts Point. Starting this spring, NYCEDC and the Pratt Center for Community Development will host public workshops and meetings for the Hunts Point community as part of its engagement plan. Over the next 18 months, residents and businesses will share their opinions on the current state of Hunts Point and where they want improvements, which will help to inform City investments in parks, street safety, pollution reduction and job opportunities. The Pratt Center has 30 years of experience working in the South Bronx, facilitating workshops with local stakeholders to identify community needs including affordable housing, commercial corridors infrastructure, public health and environmental sustainability. (read more…)
Council Member Ydanis Rodriguez, Manhattan Borough President Gale Brewer and other City Officials celebrated the progress of the Inwood NYC Action Plan. Image Credit: NYCEDC
The Plan will use over $200 million in public investment. On October 2, 2019 Deputy Mayor Vicki Been, NYCEDC President and CEO James Patchett and City Officials from NYC Parks, Department of Cultural Affairs, Department of Education, Department of Small Business Services, Department of Housing Preservation and Development (HPD), New York Public Library, and Council Member Ydanis Rodríguez shared an update on the Inwood NYC Action Plan. (read more…)
Brooklyn Borough President Eric L. Adams, NYCEDC President and CEO James Patchett, Council Member Antonio Reynoso celebrate the announcement of a $2.7 million investment for renovations of Moore Street Market. Image Credit: NYC EDC
$2.7 Million in renovations to enhance facilities at one of Brooklyn’s oldest public markets. On August 20, 2019, New York City Economic Development Corporation (NYCEDC), Council Member Antonio Reynoso and Brooklyn Borough President Eric L. Adams announced $2.7 million dollars of improvements to enhance facilities at one of Brooklyn’s oldest public markets located on Moore Street. (read more…)
