New York City Economic Development Corporation

New York City Economic Development Corporation

Supports community development and job creation

About New York City Economic Development Corporation

Simplify's Rating
Why New York City Economic Development Corporation is rated
B
Rated D+ on Competitive Edge
Rated A on Growth Potential
Rated A on Rating Differentiation

Industries

Government & Public Sector

Social Impact

Company Size

501-1,000

Company Stage

N/A

Total Funding

N/A

Headquarters

New York City, New York

Founded

1991

Overview

New York City Economic Development Corporation focuses on enhancing the economic landscape of New York City by collaborating with local communities. The organization implements various initiatives aimed at developing industries and businesses, which in turn helps to create quality job opportunities. Their approach includes offering training and skill-building programs to equip residents with the necessary tools for employment. Additionally, they invest in essential infrastructure to support these efforts. Unlike many other organizations, their mission is deeply rooted in community engagement and development, ensuring that the benefits of economic growth are shared among all residents. The primary goal is to strengthen neighborhoods and foster sustainable economic growth throughout the city.

Simplify Jobs

Simplify's Take

What believers are saying

  • Increased focus on M/WBEs could lead to inclusive economic growth.
  • OpenAI partnership attracts tech talent to NYC.
  • Participation in AI Summit highlights commitment to tech industry integration.

What critics are saying

  • Competition from other cities' initiatives may divert investments from NYC.
  • OpenAI partnership may face regulatory hurdles impacting success.
  • Focus on M/WBEs may reveal disparities, increasing scrutiny on NYCEDC.

What makes New York City Economic Development Corporation unique

  • NYCEDC focuses on minority and women-owned business enterprises in real estate.
  • Partnership with OpenAI enhances NYC's position as an AI innovation hub.
  • Collaboration with NYU-led incubators supports digital game design growth.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Unlimited Paid Time Off

Paid Vacation

Paid Sick Leave

Paid Holidays

Parental Leave

401(k) Retirement Plan

401(k) Company Match

Tuition Reimbursement

Professional Development Budget

Wellness Program

Gym Membership

Backup childcare

Flexible Work Hours

Employee Discounts

Company News

Messenger-Inquirer
Jan 22nd, 2025
EDC want to create The Landing downtown

EDC want to create The Landing downtown.

The City Life
Jan 13th, 2025
Participate in Commercial Real Estate Disparity Study

New York City Economic Development Corporation (NYCEDC) has selected MGT Impact Solutions (MGT) to immediately begin analyzing the utilization of minority-owned and women-owned businesses and enterprises (M/WBEs) within New York City's commercial real estate development industry.

PR Newswire
Dec 19th, 2024
The Annenberg Foundation'S "Pledge La" And Los Angeles Mayor Karen Bass Partner To Support L.A.'S Next Generation Of Venture Capital, Tech And Civic Leaders

Mayor Joins Inaugural PledgeLA Catalyst Awards to Recognize Leaders Increasing Access to Capital in L.A.'s VC and Tech EcosystemLOS ANGELES, Dec. 18, 2024 /PRNewswire/ -- The Annenberg Foundation and Los Angeles Mayor Karen Bass today presented the first Catalyst Awards given by PledgeLA, the regional initiative that works to increase access to capital for L.A.-based startups and investors from underrepresented backgrounds. Mayor Bass, PledgeLA principals and more than 300 tech founders, VC investors and community leaders gathered at the El Rey Theatre to recognize 11 Angelenos for their impact and efforts to strengthen Los Angeles's local economy and entrepreneur community

The City Life
Dec 10th, 2024
Applications for New Digital Game Design Incubator Now Open

NYCEDC has partnered with NYU-led incubators since 2009, including the development of the Urban Future Lab (UFL) at NYU Tandon in 2014.

Guernsey Press
Dec 5th, 2024
Brittany Ferries signs 15-year deal with Guernsey

He said Economic Development had selected Brittany Ferries as its preferred bidder after a detailed 10-month tender process in which its bid met all criteria set out.

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