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Economic Development Corporation

Economic Development Corporation

  • Where the Mayor Opposes Affordable Housing and Neighborhood Character

    union square tech hub rendering1

    Union Square tech hub image rendering via EDC


    Mayor de Blasio claims that creating and preserving affordable housing in our city is a top priority for his administration. But in Greenwich Village and the East Village, he has consistently blocked rezoning plans that would help create and preserve affordable housing where little exists, and opposed eliminating loopholes that aid developers, including his campaign fundraisers, in getting around existing affordable housing provisions.

    For over three years, we have

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  • What's The [DATA] Point? 348 and 74

    whats the data point


    What's The Data Point? Episode 18 -- 348 and 74 [You can download What's The [Data] Point? wherever you get your podcasts, including on iTunes]

    348 74 277

    This week's data points are 348 and 74 as we bring you a two-part show, each featuring the author of a new CBC report out this week.

    348 is the number of Local Development Corporations and Industrial Development Agencies in

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  • City Council Passes Bills Expanding Oversight of Economic Development Spending

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    CM Garodnick speaks at a groundbreaking ceremony (photo via @DanGarodnick)


    [editor's note: the bills discussed in this story have passed the Council since its publish; the headline has been tweaked to indicate that fact, but the story remains unchanged from its publish]

    The New York City Council is set to pass a package of three bills that will expand its oversight of the New York City Economic Development Corporation, a city-affiliated non-profit that is instrumental in the city’s efforts to stimulate business and create jobs.

    The

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  • Top City Electeds Skip Letter Wooing Amazon

    wtc orange amazon via edc

    One World Trade Center lit up orange for Amazon (photo via NYC EDC)


    New York is laying out the red carpet to entice online retail giant Amazon to locate its new corporate headquarters in the state. Governor Andrew Cuomo promised a slew of incentives to support four official proposals from different regions that were submitted to the company on Wednesday, and New York City Mayor Bill de Blasio lit up the city in orange at night as a fawning branding appeal.

    New York City’s own ...

  • Can Redevelopment of the Bedford Union Armory Be Saved?

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    Rendering of the Bedford Union Armory via BFC Partners


    A land use proposal to redevelop the 138,000-square-foot, publicly-owned Bedford Union Armory in Crown Heights to create a mix of different types of housing and a state-of-the-art recreation center has seen successive setbacks in recent months. As proposed, the project has been rejected by community advocates, the local community board, the local City Council member, Laurie Cumbo, and the borough president, Eric Adams, all of whom believe the project should include more affordable

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  • Where’s the Mayor’s Jobs Plan?

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    Mayor de Blasio in the Bronx (photo: Ed Reed/Mayor's Office)


    Kicking off his week in the Bronx, Mayor Bill de Blasio said May 22 that his administration’s efforts to fight inequality are working and that while unemployment has dropped significantly in the borough, there is more work to be done. “The Bronx has borne the brunt of that inequality crisis in many ways,” the mayor said, but what his administration is doing is “disproportionately benefiting the Bronx.”

    The mayor told those sitting with him -- senior administration officials and

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  • A Closer Look at BQX Funding Plans

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    photo via nyc.gov


    In his State of the City address on February 4, Mayor Bill de Blasio announced a major new transportation project: a “state-of-the-art” streetcar that will run the waterfront on a 16-mile route between Sunset Park in Brooklyn and Astoria in Queens. This Brooklyn-Queens Connector, or the BQX, has drawn a somewhat mixed response. The de Blasio administration quickly publicized support from a variety of business and civic leaders, elected officials, and several transportation advocates. Some transportation experts and residents of the

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  • The City's Next Steps to Ensure Vibrant, Creative Communities

    nyc culture

    photo via @NYCulture


    Earlier this month, the city's Department of Cultural Affairs announced a promising new program aimed at strengthening cultural organizations in targeted neighborhoods. The initiative, known as Building Community Capacity, was introduced in conjunction with Mayor de Blasio's rezoning proposal in East New York, where the program will be launched.

    The new initiative is

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  • Cautious Optimism Ahead of Hearing on Citywide Ferry Plan

    ferry DOT

    (images: NYC DOT/EDC)


    Mayor Bill de Blasio's proposed expansion of the city's ferry system, announced in February, appears to be one of the least politically controversial initiatives of his term. Ahead of a City Council hearing on the topic scheduled for Monday, no Council member has publicly opposed the plan, while some have loudly praised it.

    But this support comes despite concerns from transit advocates that ferries may not be the most cost-effective form of transportation for New Yorkers and that other investments in buses or bike lanes should not be overlooked. Meanwhile,

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