EDC News | THE CITY

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Tech is Driving the NYC Economy, New Report Finds

May 6, 2025, 5:00 a.m.May 6, 2025, 10:09 a.m.

The Center for an Urban Future finds that 30 years after establishing a foothold, the industry could soon rival Silicon Valley in size.

Hunts Point

A ‘Blue Highway’ Is Cruising to Hunts Point

April 23, 2025, 5:00 a.m.April 22, 2025, 5:56 p.m.

A new marine freight barge at the country’s largest wholesale fish market could reduce congestion and air pollution.

A rendering shows baseball and soccer fields inside a redeveloped Kingsbridge Armory.

EDC

Losing Bronx Armory Developer Sues, Claiming Political Interference in Bidding Process

March 31, 2025, 6:31 p.m.April 1, 2025, 9:59 a.m.

Agallas Equities alleges that EDC had told them they’d won the coveted contract only to abruptly reverse course and give it to a rival.

Economy

Women Who Found Tech Firms in NYC Struggle to Raise VC Funds

Jan. 14, 2025, 5:00 a.m.Jan. 13, 2025, 6:52 p.m.

Female founders’ share of company investments is plunging, a new analysis finds.

Red Hook

Thousands of New Apartments on Brooklyn’s Waterfront? Not So Fast, Say Some Local Leaders

Jan. 8, 2025, 5:00 a.m.Jan. 8, 2025, 10:27 a.m.

Some of a task force weighing the Brooklyn Marine Terminal’s future question whether scaling back one of the borough’s last remaining industrial areas is necessary or wise.

The Bronx

New York City Selects Developers for Long-Abandoned Kingsbridge Armory

Jan. 6, 2025, 7:33 p.m.Jan. 6, 2025, 9:24 p.m.

The Economic Development Corporation’s pick of Maddd Equities and Joy Construction elevates hopes that decades of revival schemes finally come to fruition — and concerns about a contractor’s safety record.

Economy

STEM Jobs on Brink of Eclipsing Wall Street in NYC Economy

Jan. 29, 2024, 4:59 a.m.Jan. 29, 2024, 5:49 p.m.

A new report shows STEM jobs are driving economic growth and adding high paying jobs to the city. But diversity remains an issue.

The 7 train es a parking lot on Citi Field’s southern end.

Sports

Mets Boss Pushes Casino Pitch for Queens Park Property

Nov. 7, 2023, 12:12 p.m.Nov. 7, 2023, 9:39 p.m.

Steve Cohen is moving forward with plans for a hotel, casino and live music venue next to Citi Field — without waiting for the state legislature to first give permission to divert open space for development.

Eric Adams

What We Know About Tim Pearson, the Eric Adams Operative Under Investigation for Shelter Melee

Oct. 25, 2023, 4:35 p.m.Sept. 15, 2024, 2:39 p.m.

There were calls for the retired NYPD inspector and longtime friend of the mayor to leave following a report from THE CITY that he instigated a fight at a migrant shelter. He’s now reportedly under an internal investigation.

Real Estate

Sunset Park Landlord Lobbied Top Adams Aides Before Scoring Deal to Relocate City Workers

May 26, 2023, 5:00 a.m.May 26, 2023, 3:05 p.m.

Salmar Properties spent $28,000 on a top influence firm, on top of campaign donations to Eric Adams from family that exceeded legal limits.

EDC

Tech is Driving the NYC Economy, New Report Finds

A ‘Blue Highway’ Is Cruising to Hunts Point

Losing Bronx Armory Developer Sues, Claiming Political Interference in Bidding Process

Women Who Found Tech Firms in NYC Struggle to Raise VC Funds

Thousands of New Apartments on Brooklyn’s Waterfront? Not So Fast, Say Some Local Leaders

New York City Selects Developers for Long-Abandoned Kingsbridge Armory

STEM Jobs on Brink of Eclipsing Wall Street in NYC Economy

Mets Boss Pushes Casino Pitch for Queens Park Property

What We Know About Tim Pearson, the Eric Adams Operative Under Investigation for Shelter Melee

Sunset Park Landlord Lobbied Top Adams Aides Before Scoring Deal to Relocate City Workers

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