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NYCEDC

Leads citywide economic development and infrastructure

Overview

NYCEDC is a nonprofit that partners with communities across New York City to strengthen neighborhoods and create good jobs. It supports this goal by running industry and business development programs, offering training and skill-building, and making public investments in infrastructure. The organization’s work is delivered through structured initiatives that help businesses grow, workers gain new skills, and projects get funded and completed. Unlike private developers, NYCEDC acts as a public partner, aligning with city policy and community needs to achieve broad economic development across the five boroughs. Its goal is to boost the local economy, create stable jobs, and improve neighborhoods through targeted investments and programs.

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About NYCEDC

Simplify's Rating
Why NYCEDC is rated
B
Rated A on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Government & Public SectorSocial ImpactEducation

Company Size

501-1,000

Company Stage

N/A

Total Funding

N/A

Headquarters

New York City, New York

Founded

1991

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Simplify Jobs

Simplify's take

What believers are saying

  • Shorris and Khan took over on July 22, 2026, bringing political momentum.
  • September 2026 Mass Timber Studio targets housing, directly aligned with Mamdani's affordability agenda.
  • NYCEDC launched the Circular Construction Hub on August 26, 2026, creating reuse revenue streams.

What critics are saying

  • Lina Khan's board chairmanship scares developers, slowing public-private deals in 2026.
  • NYC Groceries and housing insurance pilots demand execution, or Mamdani's agenda stalls by 2027.
  • Brooklyn Marine Terminal's environmental review and community fights can delay billions through 2028.

What makes NYCEDC unique

  • NYCEDC controls city-owned land, letting it package housing, logistics, and infrastructure together.
  • Its 2026 portfolio spans 60 million square feet and billions in active projects.
  • Mass Timber Studio and Circular Construction Hub turn climate policy into citywide operating infrastructure.

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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

Company News

Planetizen
Oct 18th, 2026
This 55-year-old boat is NYC's first step towards moving freight deliveries from land to sea.

This 55-year-old boat is NYC's first step towards moving freight deliveries from land to sea. New York City hopes to reduce emissions by creating a 'blue highways' program that embraces boats as a means of transporting freight. October 18, 2026, 5:00 AM PDT A ferry in New York City. NYC's Economic Development Corporation is currently seeking proposals for a barge service between Brooklyn and the Bronx, which officials want to transport at least 100 freight containers per day. starlings_images New York City is working on a "blue highways" program that will someday move thousands of freight deliveries from trucks to boats, reducing street congestion and air pollution. The first boat in service, a 55-years vessel that still has its original diesel engine, is the beginning of "what city planners hope is a shipping revolution," Liam Quigley writes for Gothamist. The boat currently transports produce in a refrigerated container between Hunts Point and Manhattan. Ilana Mayid-Dennis, president of the company operating the freight boat, said she hopes the boat will one day be joined by hundreds more transporting cargo through NYC's waterways. New York City's Economic Development Corporation has been working on the blue highways program for the last two years. The agency is currently seeking proposals for a barge service between Brooklyn and the Bronx, which officials want to transport at least 100 containers per day. The barge could be operational by 2030. The city also towed away its prison barge last year, and is going to "turn that space into a massive marine freight terminal," Gothamist reports. Monday, October 12, 2026 in Gothamist I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching. Mary G., Urban and Environmental Planner Get top-rated, practical training for planners

New York University Tandon School of Engineering
Oct 15th, 2026
The Offshore Wind Innovation Hub announces 2026 selections for its Innovator Program.

The Offshore Wind Innovation Hub announces 2026 selections for its Innovator Program. Five companies join the fourth cohort, selected from a record 118 applications October 15, 2026 Doreen Harris, President & CEO at NYSERDA, at the OWIH Windward Innovation Celebration on February 10, 2026. Photo credit: Ryan Rose Evanousky The Offshore Wind Innovation Hub has announced the selection of five companies for its 2026 Innovator Program. The Hub is led by Urban Future Lab at NYU Tandon School of Engineering and the National Offshore Wind Research and Development Consortium (NOWRDC) in collaboration with New York State Energy Research and Development Authority (NYSERDA) and New York City Economic Development Corporation (NYCEDC). The Innovator Program is also supported by Equinor, Ørsted and Vestas. This year's cohort was selected from a record-breaking pool of applications, the program's highest total to date and a 123% increase over last year's. These were reviewed by 40 evaluators and subject matter experts, including program partners, Tier 1 supply chain companies, industry NGOs, and research institutions. The 2026 applicant pool well reflects where New York's offshore wind projects and partners stand today: * Operations, maintenance, and asset performance: 42% * Installation, construction, and commissioning: 12% * Environmental monitoring and coexistence: 12% * Supply chain, ports, and maritime: 11% That shift toward operations technology tracks the industry's own maturation. As it moves from construction into operation, the innovation needed moves with it: from solutions that get projects through planning to ones that keep projects operating. This year's Call for Innovators built that shift directly into its scope, prioritizing technologies that can maximize the performance and value of existing and near-term projects. In addition to this, 56% of applicants submitted technology combining hardware and software, consistent with prior years and considered a key feature for industry startups. The applicant pool underscores New York's pull as a destination for offshore wind innovation worldwide. While 54% of applicants were U.S.-based, the program drew submissions from 26 countries in total, reflecting the Hub's standing as a program that brings global innovators into direct contact with New York's offshore wind ecosystem, and New York's ecosystem into contact with the world's best offshore wind technology. 2026 Cohort: Join them in person at the Wind-Win Startup Showdown on November 17, 2026, where they'll pitch to industry leaders, and attendees can connect directly alongside program partners. * Bubble Robotics (California, US) - Resident fleet of autonomous underwater robots monitoring offshore infrastructure. * Hefring Marine (Iceland) - Intelligence platform combining onboard hardware with software to optimize marine operations. * SAIL GTX (New York, US) - Platform for smarter customs workflows for offshore wind components. * TMA The Hazardous Goods Companion (Germany) - RFID and AIoT inventory visibility and predictive inventory management solution. * Vital Ocean (Oregon, US) - Intelligence platform combining ocean data, marine environment, and decision interface. Selected companies will receive individualized technical mentorship from corporate partners, along with seed innovation grants ranging from $10,000 - $20,000 to catalyze validation and demonstration opportunities in New York. The program will also provide bespoke entrepreneurial support, including strategic advising, hiring assistance, pro bono legal and accounting office hours, and commercialization guidance, alongside a tailored curriculum of expert talks, workshops, and peer-to-peer sessions. Cohort companies gain visibility through a flagship event and program mentions, exclusive introductions to industry stakeholders, investors, and public entities, and office access at BATWorks, New York's climate innovation hub at the Brooklyn Army Terminal. "The strength and diversity of this year's cohort demonstrates the impact of prioritizing innovation in the New York's offshore wind industry across the entire supply chain," said Doreen M. Harris, President and CEO, NYSERDA. "From procurement, to manufacturing, to operations and more, each of these companies will play an essential role in advancing the state's domestic production of clean, reliable and affordable energy and we look forward to seeing their progress." "We are proud that New York City is shaping the future of the offshore wind industry, and the record number of applications to this year's Innovator Program underscores the city's position as a global destination for climate and offshore wind innovation," said New York City Economic Development Corporation (NYCEDC) President and CEO Anthony Shorris. "This cohort reflects both the strength of New York's innovation ecosystem and the growing global demand for solutions that can improve operations, strengthen supply chains, and advance clean energy technologies for a more resilient and competitive green economy. "This year's applicant pool shows the industry moving from getting projects built to keeping them running well, and that's a challenging operational problem for a startup to solve alone," said Linda Ng Boyle, NYU Tandon Vice Dean for Research. "NYU Tandon offers these entrepreneurs a collaborative environment where they can work through that problem alongside our academic researchers who study it, and we're glad to be part of getting these technologies into the field." "This cohort represents some of the most promising technologies in offshore renewable energy today," said Lyndie Hice-Dunton, Executive Director of NOWRDC. "Led by exceptional founders and technical teams, these companies are developing creative solutions that deliver real value across the project lifecycle. We look forward to working closely with them to help their innovations make a lasting impact on the U.S. industry. Together, we're helping build the technologies that will power a cleaner, more resilient energy future." "Programs like the Offshore Wind Innovation Hub help emerging businesses develop technologies and services that create domestic jobs and support American energy infrastructure," said Robert Fenton, Orsted's Head of Americas Generation Procurement. "We congratulate the companies selected for the 2026 Innovator Program and look forward to seeing how their innovations can strengthen U.S. supply chains, support American jobs, and help improve the safe and efficient operation of offshore energy projects." "The enthusiasm we've seen for the 2026 Innovator Program is a powerful reminder of the opportunities created by offshore wind for innovators, entrepreneurs, and suppliers," said Amy McGinty, VP Offshore Construction, Vestas. "Offshore wind reflects where American energy stands today, full of challenges but even bigger opportunities, and the companies selected for this year's cohort represent the creativity and ambition needed to tackle that. We are proud to help foster an environment where new ideas can scale into real-world solutions that deliver economic growth, energy independence, and lasting impact." "Bubble Robotics is building the ocean's autonomous workforce of autonomous surface and subsea robots," said Jean Crosetti, Co-founder & CEO, Bubble Robotics. "We're excited to join the Offshore Wind Innovation Hub to work closely with developers and industry partners, validate our solution against real operational needs, and accelerate our path to commercial deployments in the U.S." "Offshore wind is an enormous industrial opportunity, operating in an increasingly complex tariff and trade landscape," said Ali Raza, Co-Founder & CEO, SAIL "We're excited to join the Offshore Wind Innovation Hub to work alongside the industry and help teams understand their full duty exposure, stay ahead of regulatory change, and keep critical components moving." Rather than a one-size-fits-all approach, cohort companies receive introductions curated to their specific needs across the Hub's full partner network. The Urban Future Lab and NYU Tandon contribute hands-on startup support, a network of fellow climate founders, and venture capital relationships, alongside access to the university's engineering intern and capstone programs. NOWRDC offers industry-specific R&D guidance and an exclusive opportunity to pitch its R&D committee and present at the National Offshore Wind R&D Symposium, while NYSERDA provides solution-specific market and regulatory insight, and NYCEDC connects companies to its full suite of business support. Corporate partners Equinor, Ørsted, and Vestas round out the network, mentoring cohort companies and leveraging their ongoing offshore projects for solution validation and commercialization feedback. More to read. Tandon in the Media

Quantum Computing Report
Oct 14th, 2026
New York City and NYU partner to launch $284 million Quantum Fabrication Facility.

New York City and NYU partner to launch $284 million Quantum Fabrication Facility. New York City Mayor Zohran Kwame Mamdani, Deputy Mayor Julie Su, and New York City Economic Development Corporation (NYCEDC) President & CEO Anthony Shorris have announced a $29.2 million municipal grant to New York University (NYU) to establish the Quantum Fabrication Facility (QFab). The public grant is paired with a $255 million commitment from NYU covering construction and 10 years of operational funding, bringing the total initiative to $284 million. Scheduled to open in 2030, the 23,000-square-foot facility will be located at 770 Broadway in Manhattan. QFab will feature specialized cleanrooms, cryogenic testbeds, and advanced manufacturing equipment to fabricate, test, and prototype quantum chips and components. Over its first decade of operations, the facility is projected to incubate 50 new startups, provide specialized fabrication services to 50 additional companies, and support CUNY and NYC Public Schools workforce development programs. The financing agreement introduces a novel public-equity economic model for municipal tech investments. In exchange for municipal funding, New York City will hold three seats on the QFab Executive Advisory Board. Additionally, the city will receive a 15% share of NYU Central Administration's proceeds - including equity, patent licensing, milestone payments, and royalties - resulting from intellectual property created using city-funded equipment. QFab will also serve as a regional workforce engine through partnerships with CUNY and NYC Public Schools, launching new technician certificate programs, VR training labs, and undergraduate and graduate research pipelines. Review the official municipal announcement on the NYC Government Portal here and examine institutional details on the NYU Newsroom here. In GQI Portal The players behind the news. The team that writes QCR tracks every company, deal and technology in the GQI Factory, GQI's verified database of the quantum industry. Next up: every story linked to its players, coming to QCR's paid plans. * Players | Companies and institutions across the quantum industry, by segment. * Scorecards | How the players compare on hardware, software, funding and more. QCR Alerts in your inbox. The latest reporting and analysis from Quantum Computing Report. Free, unsubscribe any time.

Bay Area News Group
Oct 8th, 2026
Mamdani admin picks cult-favorite olive oil designers for $1M city-owned grocery store branding deal.

Mamdani admin picks cult-favorite olive oil designers for $1M city-owned grocery store branding deal. The city's Economic Development Corporation - which is overseeing the plan to build a municipally-owned grocery store in each borough - recently awarded the up to three-year deal to Brooklyn-based branding company Gander. Top stories:

Ohsem.me
Oct 5th, 2026
Boris Mizhen happy to be at the NYC Real Estate Tech Week.

Boris Mizhen happy to be at the NYC Real Estate Tech Week. 05/10/2026 "I'm honored to be invited to this exciting event and to examine all the real estate and technology fields," said Boris Mizhen. New York, NY, United States, October 5, 2026 - Boris Mizhen, a real estate developer with experience in the industry, was invited to participate in New York City Real Estate Tech Week, a multi-event program focused on innovation and emerging technologies in the real estate sector. Held in New York City, the event brought together technology companies, real estate professionals, industry organizations, and entrepreneurs to examine developments shaping the future of the property market. Organized and co-promoted by technology accelerator MetaProp NYC and its network of partners, including the New York City Economic Development Corporation (NYCEDC), the Real Estate Board of New York (REBNY), and Zillow, the week featured a series of 10 events highlighting emerging technologies and real estate-focused startups. Participating organizations included the Real Estate Board of New York, Zillow Group, CRE // Tech, the Urban Land Institute, the Industrial & Office Real Estate Brokers Association, the New York City Real Estate Tech Meetup, and NAIOP. Boris Mizhen is considered invaluable to developers within the industry. In addition to his investments in New York City properties, he has headed marketing technology firms staffed by highly trained and experienced professionals. As a combination of public and invitation-only events, the NYC Real Estate Tech Week featured investors and executives from the residential and commercial real estate communities. Among the invited speakers and panelists were a number of local technology startups, including Radiator Labs, Edenworks, and The Square Foot. Topics of discussion were Sustainability and Security; Digital Disruption; How Tech Tsunami Disrupts the CRE Industry; and How to Build Data-Driven Startups in Real Estate. "I'm honored to be invited to this exciting event and to examine all the real estate and technology fields," said Boris Mizhen. "With all the new developments and rapid innovations in recent years, an event like this is essential to remain informed. It has brought in some of the key players in New York City's real estate market, making it an invaluable opportunity for experienced real estate developers to meet one another." Boris Mizhen has long been an advocate for the increasing use of technology in the real estate industry, which is no surprise given his well-known admiration of futurists such as Elon Musk and Steve Jobs. In addition to his work as a real estate developer, Mizhen is a prominent philanthropist. Through the Boris Mizhen Family Trust, he has contributed to many noteworthy non-profit organizations, including the Jewish Foundation's PACE Fund (Perpetual Annual Campaign Endowment Fund) and the Chabad of Shoreline's Jacob Fund. The charities provide food for local families in need through "gift cards" that are honored by area supermarkets. Boris Mizhen - Property Developer and Philanthropist: http://borismizhennews.com Boris Mizhen (@bmizhen) - Twitter: https://twitter.com/bmizhen Boris Mizhen - Facebook: https://www.facebook.com/bmizhen Contact Info: Name: Boris Mizhen Email: Send Email Organization: BorisMizhenNews.com Website: http://borismizhennews.com Release ID: 89205157 If you detect any issues, problems, or errors in this press release content, kindly contact [email protected] to notify Ohsem.me (it is important to note that this email is the authorized channel for such matters, sending multiple emails to multiple addresses does not necessarily help expedite your request). Ohsem.me will respond and rectify the situation in the next 8 hours.

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