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Mayor Mamdani Announces New NYU Quantum Fabrication Facility, First-of-its-Kind Partnership to Give City a Stake in Emerging Industry

QFab will provide students, faculty, researchers, startups and companies with a place to explore quantum mechanics and new prototypes. Image: NYU. Backed by $284 million in public and private funding, ...
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Mamdani Administration Advances Plan to Build Nearly 4,000 New Homes at 100 Gold Street

City-owned Lower Manhattan site will become mixed-income housing, including approximately 1,000 permanently affordable, rent-stabilized homes, an older adult center, public open space and community ...
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NYCEDC Launches First-Ever Pilot of a Circular Construction Hub at MADE Bush Terminal

Partnership with operator Our Temenos Marks First Award from NYCEDC's "Ideas for Impact" RFEI Year-Long Pilot to Focus on Recovery, Sorting, Storage, and Redistribution of Select Construction ...
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Mayor Mamdani Announces The Peninsula in the Bronx as the Second Site for City’s Public Grocery Stores

20,000-Square-Foot Municipal Grocery Store in Hunts Point Expected to Open in 2027 NEW YORK, NY—Today, Mayor Zohran Kwame Mamdani and the New York City Economic Development Corporation (NYCEDC) ...
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NYCEDC, Joby Aviation, and Partners Hold eVTOL Demonstration Flights, Marking New Era for Advanced Air Mobility in New York City

NEW YORK, NY—Yesterday, the New York City Economic Development Corporation (NYCEDC) celebrated a historic milestone in New York City’s aviation history when Joby Aviation successfully flew its ...
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NYCEDC Opens the BATWorks Temporary Space to Advance Climate Innovation and Green Jobs at Brooklyn Army Terminal

The BATWorks temporary space is now open and hosting workforce development and green economy programming for Sunset Park residents and climate tech companies. Credit: NYCEDC BATWorks Supports Climate ...
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Mayor, NYCEDC Announce Historic Agreement to Advance Redevelopment of Hunts Point Produce Market

Transformation Will Create New, First-of-its-Kind, All-Electric Intermodal Food Distribution Center, Deliver Thousands of Jobs and Cleaner Air New Hunts Point Produce Market Delivers on Key ...
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NYCEDC’s 2025 “State of the NYC Economy Report” Shows Resilient Economy with Record Jobs, Bustling Office Market, and Growing Population, Despite National Headwinds

New York City Outpacing Other Large Cities in Population Growth, Commercial Leasing Activity, and Return-to-Office Rates. Private Sector Jobs and City Tax Revenues at Record Highs New York City ...
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NYCEDC, Councilmember Hanks Unveil New Vision to Reimagine Empire Outlets and Former NY Wheel Site on Staten Island’s North Shore

Community Vision Report Outlines New Direction to Create a Vibrant, Mixed-Use Waterfront Neighborhood Near the Ferry Terminal With up to 2,500 New Homes, Open Space, Community Facilities and Retail ...
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NYCEDC Finalizes Route Changes for Ferry Optimization Plan, Announces Identification of New Landings, Kicks Off a Vision for the Future of Ferries in the New York Harbor

First-Ever Comprehensive Analysis of the NYC Ferry System Produces a Ferry Optimization Plan to Speed Up Commutes, Reduce Subsidy-Per-Rider, and Improve Access, Efficiency, and Availability New ...
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NYCEDC Continues to Advance the Reimagining of Gansevoort Square, Announce Selected Developer to Build New Mixed-Income Housing Units on Residential Site

Gansevoort Square Partners, a Joint Venture Comprised of Douglaston Development and Kinwood Partners, Selected to Build 590 Units of New, High-Quality, Mixed-Income Housing Units, Ground Floor to ...
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NYCEDC and NYC DOT Launch Blue Highways Action Plan to Revitalize Short Sea Shipping and Transform Urban Freight Movement

Blue Highways program Will Move Freight from Roadways to Waterways, Lowering Truck Congestion and Harmful Emissions and Boosting Economic Growth Blue Highways Action Plan Builds on Two Years of Steady ...