NYCEDC and HPD Announce Release of Request for Proposals to Develop 1.65 Million Square Feet of Mixed-Use Real Estate on Manhattan’s Lower East Side. Development of Fully Approved Site Will Fill Gap in Urban Fabric That Has Persisted for 45 Years; Creating 1,000 Housing Units, Hundreds of Thousands of Square Feet of New Commercial Space, 1,000 Permanent Jobs and 5,000 Construction Jobs. New York City Economic Development Corporation (NYCEDC) and Housing Preservation and Development (HPD) announced the next major step...

THE CITY OF NEW YORK OFFICE OF THE MAYOR To reduce wait times and lines at gas stations throughout New York City, Mayor Michael R. Bloomberg today signed an emergency order to alternate the days during which drivers may purchase gasoline.  All diplomatic and consular vehicles are subject to this order, which establishes the following: ·    On even number days, vehicles with license plates ending in an even number or the number “0” can purchase motor fuel. ·    On odd number days, vehicles with either: (1)...

Six New York City-Based Inventors Will Win Opportunity to Prototype New Products While Receiving Studio Space from Sponsor NYDesigns and Mentorship from Industry Leaders Shapeways, Adafruit Industries, and Honeybee Robotics. Shapeways’ New 25,000-Square-Foot Factory of the Future Can Print as Many as 5 Million Products a Year; Company Moved Facility from the Netherlands. Mayor Michael R. Bloomberg and New York City Economic Development Corporation Seth W. Pinsky today announced the launch of “New York’s Next Top Makers,” a competition to promote...

Prestigious Year-Long Fellowship Program, Created in Partnership with Fordham University, Connects Entrepreneurs from Around the World with Mentors from Leading Companies. Previous Fellows Include Prominent NYC Start-Up Companies Foursquare, Etsy, and Warby Parker. New York City, October 11, 2012 – New York City Economic Development Corporation (NYCEDC) today announced that nominations are open for the third class of NYC Venture Fellows, a year-long fellowship program to establish the next generation of global entrepreneurs in New York City. Originally established in 2010 by...

Up to 20 Finalists to Receive $10,000 Each; Four Winners to Receive $250,000 Each New York City, September 24, 2012 – New York City Economic Development Corporation (NYCEDC) today officially launched “Take the H.E.L.M.: Hire + Expand in Lower Manhattan,” a competition for businesses to join other innovative companies that have recently opened or expanded office space in Lower Manhattan. The competition, which is being administered by HR&A Advisors, is open to any organization with plans to open a new...

Mayor Bloomberg and Governor Cuomo announce Brooklyn Navy Yard to make $46 million Investment to build a green manufacturing center creating nearly 300 new jobs New York City Regional Economic Development Council Priority Project Identifies Two High-Tech Anchor Tenants for New 222,000-Square-Foot Facility: Crye Precision, Body-Armor and Apparel Manufacturer for the U.S. Military; and New Lab, a Co-Design and Manufacturing Space Mayor Michael R. Bloomberg, Governor Andrew M. Cuomo, Brooklyn Borough President Marty Markowitz and State and City elected officials today...

Economist Intelligence Unit Report Ranks Competitiveness of 120 Major Cities Across the World Based on Economic Strength, Human Capital, Social and Cultural Appeal  The Economist Intelligence Unit today released a new research report showing that New York ranks first in competitiveness, besting 120 of the world’s major cities. Commissioned by Citi and released today, the report, titled Hot Spots, ranks the most competitive cities in the world for their demonstrated ability to attract capital, business, talent and tourists. The report...