The New York City Economic Development Corporation (NYCEDC) today announced that New York City added 21,500 private sector jobs in July 2016, based on an analysis of seasonally adjusted job numbers for July 2016 by the New York State Department of Labor. During the past year, New York City has gained 93,800 private sector jobs, an increase of 2.6 percent since July 2015. Since Mayor de Blasio took office, New York City has added 291,800 private sector jobs, an increase of...

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Fund includes $10m of capital committed by NYCEDC for pre-development and land acquisition loans Fund provides low-interest loans to NYC-based real estate projects including mixed-income and mixed-use residential, industrial and commercial projects with development costs under $30M The New York City Economic Development Corporation (NYCEDC), in partnership with Basis Management Group, LLC, today announced the launch of the Emerging Developer Loan Fund (EDLF), which includes $10 million of capital committed by NYCEDC. Many emerging developers, particularly minority and women-owned firms, often face...

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Program to Provide Savings of $180 Million for Housing Owners and Tenants While Supporting the Governor's Mandate to Reach 50 Percent Renewable Power by 2030 Governor Andrew M. Cuomo today announced the availability of $16 million through the New York State Energy Research and Development Authority to support the design and construction of new energy-efficient housing and to complete similar improvements in existing buildings across New York State. Improvements in energy efficiency, particularly in the construction of new residential houses...

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Municipalities Eligible to Apply for Funding and Technical Assistance to Implement Energy Efficiency, Renewable, and Sustainable Development Projects in their Communities Initiative Supports New York’s Recent Adoption of the Clean Energy Standard and its Aggressive Mandate to Achieve 50 Percent Renewables by 2030 Governor Andrew M. Cuomo today announced the launch of Clean Energy Communities, a $16 million initiative to help local governments across the state reduce energy consumption and drive clean energy use in their communities. The new initiative advances...

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Expansion includes partnership with The Doe Fund to create jobs for CleaNYC, Graffiti-Free NYC and Citywide Ferry Service New York City Economic Development Corporation (NYCEDC) today announced that it will partner with The Doe Fund to expand its Quality of Life (QOL) program, which will employ formerly homeless, formerly incarcerated and low-income individuals to work on a range of City-led initiatives. NYCEDC’s QOL program partners with not-for-profit organizations to train, employ and provide social services to participants. NYCEDC’s current QOL...

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City’s unemployment rate falls to 5.0 percent, down from 5.5 percent in June 2015  The New York City Economic Development Corporation (NYCEDC) today announced that based on an analysis of seasonally adjusted job numbers for June 2016 by the New York State Department of Labor, New York City added 26,400 private sector jobs in June 2016. The analysis also showed that New York City’s unemployment rate fell from 5.1 percent to 5.0 percent during the month of June. New York...

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Delta to Rebuild Its Airport Facilities – Connecting to Central Hall to Create a Unified New Airport Rapid Progress: Agreement Comes Less Than 1 Year Following Unveiling of the Master Plan for the New Airport Governor Andrew M. Cuomo today announced the Port Authority of New York and New Jersey’s Board of Commissioners has authorized $600 million in Port Authority contributions to support Delta’s complete rebuilding of its terminal and gate facilities at LaGuardia Airport – the final component for...

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Citywide ferry service coming to Atlantic Basin in 2017 The de Blasio Administration and the New York City Economic Development Corporation (NYCEDC) today announced that the Citywide Ferry Service ferry landing for Red Hook will be located at Atlantic Basin. The Red Hook ferry landing is part of the South Brooklyn route which is scheduled to launch during summer 2017. The landing is projected to serve over 6,000 residents that live within a half-mile radius, including families in NYCHA’s Red...

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