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About NYCEDC

New York City Economic Development Corporation (NYCEDC) is a nonprofit corporation that helps to to promote economic growth in New York City.. It is based in New York.

NYCEDC Headquarter Location

One Liberty Plaza, 165 Broadway

New York, New York, 10006,

United States

Latest NYCEDC News

New York City and State are elevating offshore wind farm investments

Oct 15, 2021

Late last month, New York City Mayor Bill de Blasio and the New York City Economic Development Corporation (NYCEDC) announced a 15-year, $191 million plan to make New York City a leader in the offshore wind industry.  Called the Offshore Wind Vision (OSW) plan, it ensures the city meets its climate goals of 100-percent clean electricity by 2040 and carbon neutrality by 2050. The investment aims to create over 13,000 jobs and generate $1.3 billion in average annual investment; ensure 40% of job and investment benefits are directed toward women, minorities, and environmental justice communities; and reduce 34.5 million tons of CO2, which is the equivalent of removing nearly 500,000 cars from roads for 15 years, as noted in New York City’s press release.  The OSW plan is focused on three core areas: sites and infrastructure, ensuring the development of “best-in-class” infrastructure that will support the construction and operation of offshore wind farms; business and workforce, prepari...

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