June is the city’s fifth consecutive month of continued private sector job growth. On July 22, 2022, the NYC Economic Development Corporation (EDC) announced in its monthly Economic Snapshot that 22,100 private sector jobs were added in June in NYC.
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$27 Million Investment to Bolster Health and Education Through LifeSci NYC
The City College of New York and the Mount Sinai Health System will build new spaces dedicated to startups. Last month, Mayor Eric Adams and the New York City Economic Development Corporation (NYCEDC) directed $15 million to the City College of New York (CCNY) and $11.6 million to the Mount Sinai Health System (Mount Sinai), of a total $1 billion committed to NYCEDC’s LifeSci NYC initiative. Both awards will go towards construction of new spaces … <Read More>
Sunnyside Yard Master Plan Released by City and Amtrak
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 … <Read More>
NYCEDC Announces Community Outreach Phase of Hunts Point Redevelopment Plan
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 … <Read More>
Plans for Broadway Junction’s Transformation and Revitalization are Revealed
The Vision Document represents the first effort by the City and the Brooklyn community to solely focus on Broadway Junction. On August 15, 2019, Council Member Rafael L. Espinal, Brooklyn Borough President Eric L. Adams, and the New York City Economic Development Corporation (NYCEDC) commissioned a Vision Document, Broadway Junction: Vision for the Future that serves as a guide to supporting the transformation of Broadway Junction in Brooklyn. The Vision Document is the first step … <Read More>