The New York City Economic Development Agency ( NYCEDC ) is a non-profit corporation that promotes economic growth across five districts of New York City. This is City's official economic development company. The agency has its headquarters in Lower Manhattan.
Video New York City Economic Development Corporation
Pemerintahan
As of April 2018, the NYCEDC Board of Directors has 27 members. The Mayor of New York immediately appointed seven members, including the Chairman. Ten additional members were appointed by the Mayor of President Borough nominations and Chairman of the New York City Council. Each President of Borough nominates one member and the Chairman of the City Council nominates five members. Ten members are appointed by the Chair of the list of persons approved by the Mayor. NYCEDC is not a New York City institution.
Senior Vice President of Life Sciences and Healthcare organization is Doug Thiede in 2018.
Maps New York City Economic Development Corporation
Roles
Through an annual contract with City of New York, NYCEDC is a non-profit organization that serves as the city's main entity to promote and implement economic development.
In 2007, NYCEDC had a role in setting business tax rates, an alternative to passing tax laws. In particular, Corporations are charged with negotiating a company-specific tax incentive with the business as an impulse to move to, or remain in, New York City.
NYCEDC also:
- Develop real estate, using partnerships between the public and private sectors.
- Provide business, economic, and policy advice to the City, non-profit, and non-profit private sector.
- Manage the properties and assets of the City, including manufacturing and distribution hubs and other infrastructure.
- Invest and provide financial tools that enable businesses and not for profit.
- Conduct research, gather stakeholder input, and launch initiatives.
History
NYCEDC was formed in 1991 as a result of the merger of two large non-profit corporations and several small companies that do economic development services for the City. One of the major merger partners is the Public Development Corporation (PDC), which was formed in 1966 to save the City from a deteriorating economy by selling City properties and renting industrial space. PDC is responsible for the construction of Nassau Street Mall, Brooklyn Army Terminal, Jamaica Center, and South Street Seaport, among other activities. The second major merger partner is the Financial Services Corporation (FSC) which was established in 1980 to manage a government funding program that promotes business expansion in New York City. The NYCEDC establishment follows the recommendations of the consulting firm McKinsey & amp; The company, which had been involved in the mid-1990s to "advise on the reorganization of the NYC development system.
Carl Weisbrod, formerly of PDC before the merger with the FSC, was the first NYCEDC president under the Dinkins administration. Weisbrod was replaced by Charles Millard and Michael G. Carey under the rule of Giuliani, followed by Andrew Alper, the first president appointed for positions during the Bloomberg administration. Robert C. Lieber was appointed in January 2007 and served until Mayor Michael R. Bloomberg appointed him as Deputy Mayor for Economic Development & Rebuilding in December 2007. Seth Pinsky served as President from February 2008 to August 2013.
Applied Science NYC
One of NYCEDC's biggest initiatives to date is Applied Sciences NYC, a competition to create a world-class engineering campus in NYC. In December 2011, Bloomberg Mayor announced the election of a historic partnership with Cornell University and the Technion-Israel Institute of Technology to create an innovative two million square foot campus of science and engineering at Roosevelt Island, called Cornell Tech. Applied Sciences NYC is expected to double the number of undergraduate students and full-time engineering faculty in New York City. Over the next three decades, the NYC Applied Sciences initiative is expected to generate more than $ 33 billion in overall nominal economic impact, add more than 48,000 jobs, and launch nearly 1,000 spinoff firms. The NYC Applied Sciences initiative also includes the establishment of a Brooklyn Downtown campus developed by a NYU-led consortium that focuses on the challenges facing cities, and a new institution for data sciences at Columbia University.
Other entities
The New York City Industrial Development Agency (NYCIDA) is a publicly lucrative company under New York State law that gives companies access to tax-exempt bond financing or tax benefits to strengthen and diversify the Municipal tax and employment base, help businesses seek and expand operations in New York City, and fostering economic development by sustaining jobs and creating new ones. NYCIDA is managed by NYCEDC.
New York City Capital Resource Corporation (NYCCRC), also administered by NYCEDC, is a local development company that provides low-cost financing programs for eligible capital projects for non-profit and manufacturing, industry, and other businesses. quality.
Public projects
NYCEDC is currently working with the City on a number of projects and initiatives, including:
- Hunting, Bronx
- Coney Island, Brooklyn
- Sunset Park Waterfront, Brooklyn
- 125th Street, Manhattan
- Essex Crossing, Manhattan
- The High Line, Manhattan
- Hub, Bronx
- Downtown Jamaica Initiatives, Queens
- Gotham Center, Queens
- Hunter's Point South, Queens
- Willets Point, Queens
- East River Ferries Service
- New Waterfront Stapleton, Staten Island
- St. George Terminal, Staten Island
- Kingsbridge Armory, Bronx
- New York Wheel, Staten Island
- Government Outlet, Staten Island
- Seward Park, Manhattan
- Brooklyn Army Terminals, Brooklyn
Keterlibatan Startup
In 2012 and 2013 NYC EDC supports the NYC Next Big Idea Award won by Entrepreneur Brian Shimmerlik with Vengo in 2012 as well as Founder Bernhard Mehl, Maximilian Schuetz and Carl Pfeiffer from KISI in 2013.
Waterfront Rehabilitation
NYCEDC also serves to reactivate miles from the seaside City and expand the maritime and manufacturing employment to stimulate the local economy. The Sunset Garden Vision Plan, for example, is a comprehensive framework that presents strategies to maximize the efficient movement of goods, protect and grow industry employment, promote green practices, and balance environmental and industrial development goals in an environmentally sound manner. NYCEDC helps improve public access to waters through projects such as the construction of the East River Waterfront Esplanade along the two-mile Lower Manhattan coastline. The agency also manages inspections and rehabilitation of approximately 75 miles of structures that support waterfront esplanades in all five areas
References
Note
Publications
Project information
External links
- Official website
- NYCEDC: Changing New York City (video)
Source of the article : Wikipedia
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