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>

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 … <Read More>