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Internship

Summer Intern

Real Estate Transaction Services

Posted on 10/30/2024

New York City Economic Development Corporation

New York City Economic Development Corporation

501-1,000 employees

Supports community development and job creation

Consulting
Social Impact
Education

Compensation Overview

$19 - $24Hourly

New York, NY, USA

Category
Real Estate
Real Estate Development
Real Estate Finance
Required Skills
PowerPoint/Keynote/Slides
Requirements
  • Preferred field(s) of study: real estate, finance, urban planning, business, government
  • Must be enrolled in an undergraduate or graduate degree program; recent graduates are also encouraged to apply
  • Demonstrated enthusiasm for the mission of NYCEDC
  • Demonstrated written, verbal, and analytical skills
  • Demonstrated experience in using database and presentation tools, including Excel, PowerPoint, and Word
  • Detail-oriented and organized, with the ability to multi-task and manage deadlines
  • Ability to work in collaborative, cross-functional teams
  • Ability to work full-time, Monday-Friday 9AM-5PM and complete the entirety of the 10-week program
Responsibilities
  • Build and maintain detailed financial models of major New York City development projects
  • Support teams administering multiple real estate and/or economic development transactions
  • Draft materials to support negotiations of contracts of sale, leases, and funding agreements
  • Prepare site development and project feasibility analyses
  • Support project teams in managing requests for proposals
  • Collaborate with colleagues in other divisions in NYCEDC, such as Legal, Planning, and Government & Community Relations
  • Manage professional communications with real estate developers, attorneys, consultants, and staff from City agencies
New York City Economic Development Corporation

New York City Economic Development Corporation

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New York City Economic Development Corporation focuses on enhancing the economic vitality of neighborhoods in New York City. The organization engages with local communities to develop initiatives that promote industry growth and business development. It offers training and skill-building programs to equip residents with the necessary tools for employment. Additionally, the corporation invests in essential infrastructure to support these efforts. Unlike other organizations, it emphasizes collaboration with communities to ensure that the initiatives align with their specific needs. The primary goal is to create good jobs and strengthen neighborhoods, fostering a more prosperous city for all residents.

Company Stage

N/A

Total Funding

N/A

Headquarters

New York City, New York

Founded

1991

Growth & Insights
Headcount

6 month growth

2%

1 year growth

2%

2 year growth

2%
Simplify Jobs

Simplify's Take

What believers are saying

  • NYCEDC's diverse range of projects, from EV charging facilities to life sciences hubs, provides employees with opportunities to work on innovative and impactful initiatives.
  • The organization's partnerships with various stakeholders, including private companies and government entities, enhance its ability to drive significant economic and community development.
  • NYCEDC's commitment to workforce development and training programs offers employees the chance to contribute to meaningful social impact.

What critics are saying

  • The complexity and scale of NYCEDC's projects may lead to challenges in project management and execution.
  • Dependence on public funding and political support can introduce uncertainties and potential disruptions to ongoing and future projects.

What makes New York City Economic Development Corporation unique

  • NYCEDC's focus on community-driven projects and public investments in key infrastructure sets it apart from other economic development organizations.
  • Their initiatives like the Pilots at BAT program and the SPARC Kips Bay project highlight a strong commitment to climate innovation and life sciences, respectively.
  • NYCEDC's M-Core program offers unique tax benefits to support transformative renovations of commercial office buildings in Manhattan.

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