NYCEDC Celebrates Historic Accomplishments in Economic Development

Numerous Legacy Projects Initiated or Advanced Under this Administration Across the Five Boroughs Including Willets Point, Kingsbridge Armory, Brooklyn Marine Terminal, Staten Island North Shore Action Plan, Hunts Point, and SPARC Kips Bay, Among Others

Since 2022, NYCEDC Committed Nearly $2.5B in Public Investment That Leveraged Additional $6.2B in Private Investment, Supported 18,000+ Companies, 33,000+ Construction Jobs, Committed to Redevelop Nearly 14M Square Feet and 120+ Acres

Playing Critical Role in Addressing NYC Housing Crisis by Leveraging Public Land, Neighborhood Plans, and Rezonings to Advance Nearly 20,000 Units of Housing on Public Land and Supporting Creation of 40,000 Additional Units through Rezonings

New York City Recovered and Repeatedly Reached Record High Numbers for Total Job Growth, Outperforming Other Major Cities on Several Occasions

New York City Also Recovered and Increased the Number of New Residents Thanks to Its Ability to Attract Young Talent and Reached Record High Numbers of Tourists