World’s First Underground Park Would Keep NYC at Forefront of Urban Innovation Major Cultural Attraction Would Provide Green Space, Educational Programming to Community, Help Support Local Small Businesses Deputy Mayor for Housing and Economic Development Alicia Glen and NYCEDC President Maria Torres-Springer today announced that NYCEDC has selected the Lowline, to bring the world’s first underground park to the Lower East Side. This conditional designation serves as the first major step in making this project a reality, resulting in a community-oriented...

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Governor Andrew M. Cuomo today announced that $13.1 million has been awarded for 42 agricultural water quality conservation projects across the state, benefiting over 120 farms. The funding, provided to 25 County Soil and Water Conservation Districts through the Agricultural Nonpoint Source Abatement and Control Program, supports projects that allow farmers to address water quality challenges in priority watersheds. Together, these projects will work to prevent water pollution, reduce erosion and limit the amount of harmful sediments and other...

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New York City Economic Development Corporation (NYCEDC) today announced the closing of a deal with Tishman Speyer to develop two new office towers providing 1.1 million square feet of much needed commercial space in Long Island City.  The project will bring more than 1,500 construction jobs and more than 2,000 permanent jobs to Western Queens. In addition, more than 800,000 square feet of the available office space in the development has been pre-leased, including 250,000 square feet to WeWork. The...

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Governor Andrew M. Cuomo today announced the availability of $200 million in enhanced assistance for local governments over the next two years to rehabilitate and replace bridges and culverts statewide. This funding, provided through the Governor's BRIDGE NY initiative, is being administered by the New York State Department of Transportation as part of its $21.1 billion five-year Capital Plan. The BRIDGE NY program provides emphasis on projects that address poor structural conditions; mitigate weight restrictions or long detours; facilitate economic...

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Funding will Accelerate State Investments to Reimagine Upstate Commercial Passenger and Cargo Service Airports for the 21st Century Applications Being Accepted Until July 1 – Eligible Airports Can Apply Here Governor Andrew M. Cuomo today announced that New York State is in the process of accepting applications for the new $200 million Upstate Airport Economic Development and Revitalization competition and will continue to accept applications until July 1. The initiative includes $190 million to support the competition, which will solicit proposals...

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Through a partnership with NYCIDA, the move allows Krinos Foods to remain in NYC and create more jobs for New Yorkers New York City Economic Development Corporation (NYCEDC) President Maria Torres-Springer and Krinos Foods Chairman Eric Moscahlaidis participated in a ribbon-cutting ceremony to mark the grand opening of a new 100,000-square-foot international headquarters for Krinos Foods, a New York City based Greek and Mediterranean specialty food importer, distributor and manufacturer. The new Krinos Foods facility, located at 1750 Bathgate Avenue,...

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Governor Andrew M. Cuomo today announced the state’s first-ever, comprehensive pedestrian safety plan, a proactive, multi-agency initiative that provides $110 million for pedestrian safety improvements across upstate New York and Long Island during the next five years. The program will utilize an engineering, education and enforcement campaign to enhance safety. To kick off the campaign, the Governor introduced a new pedestrian safety web site at www.ny.gov/pedsafety. Beginning today, more than a dozen police agencies across the state are conducting...

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Governor Andrew M. Cuomo today announced the New Farmers Grant Fund will provide over $743,000 in grants to support 25 early-stage agricultural businesses across New York State. The purpose of the fund, now in its second round, is to assist early-stage farmers in improving their farm’s profitability, and as a result, adding to the diversification and growth of New York’s agricultural sector. "Agriculture remains a critical component of the New York's economy and these grants will help ensure this industry's...

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Port Authority, LGP Execute 35-Year Lease Agreement Marking Major Step Forward on $4 Billion Project Milestone Paves Way for Construction to Begin on Terminal B and New Central Hall as Part of New Architecturally Unified Terminal World-Class Project to Bring LaGuardia into 21st Century with Best-In-Class Amenities, Enhanced Capacity and Reduced Congestion Renderings Released of the LaGuardia Airport Redesign Last July are Available Here Governor Andrew M. Cuomo today announced that the Port Authority of New York and New Jersey executed...

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