2018 | NYC Economic Development Corporation
Category: Future of Urban Living
Industry: Urban development
Location: Global
Related to: Future of Urban Living, Urban Cities, Urban Development, Community, Growth
Reviewer: Logan Larkin / BFA Parsons School of Design
Company: NYCEDC
Website: https://www.nycedc.com
About:
NYC EDC is a group founded on the goal to create good jobs and build strong neighborhoods. As the cities primary engine for economic development since 1966, NYEDC focuses on keeping the city a center of culture. Using their passion for New York City and its people, NYCEDC uses their expertise across many fields including community/neighborhood development, workforce development, real estate, industry and sector analysis, design, urban planning, marketing, engineering, financial analysis and more. NYCEDC insures their commitment to developing resilient communities across the five boroughs with five key principles, quoted from their website:
- Investing in Infrastructure
Invest in critical infrastructure across the five boroughs to support growth and connectivity - Unlocking Human Capital
Unlock the full potential of our human capital by supporting quality jobs and providing access to skills development - Leveraging City Assets
Leverage City-owned assets to realize a double-bottom line in catalyzing job growth and promoting innovation - Making it Easier for Business to Start and Grow
Drive sustainable, resilient growth by making it easier for business to start, grow, and thrive in New York City - Cultivating A Global Capital of Innovation
Grow New York City as the global capital for innovation by strategically investing in emerging sectors and encouraging traditional industries to adapt to global disruption
Currently Headed by CEO and President James Patchett, NYC EDC remains strong in its vision of economic growth and development. Using Patchett’s background in real estate development, innovation, finance and government, the city has undergone ambitious projects such as the citywide ferry system and, Mayor de Blasio’s 100,000 jobs plan. NYC EDC organizes its projects under several divisions that each focus on certain areas of city development and growth. With an emphasis on transparency, NYC EDC publishes as much data and visual information possible so that the public has access to the changes occurring in the city.
