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NYCEDC 2018 Time Capsule

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NYCEDC 2018 Time Capsule 2018 2018 LifeSci NYC French Partnership TABLE OF TABLE 3 13 Willets Point South Brooklyn Marine Terminal Artist Workspace NYCxDESIGN 6 15 Blockchain Week women.nyc Fashion Manufacturing Hunter’s Point South Essex Market 9 ApprenticeNYC 20 Formula E Cyber NYC Downtown Far Rockaway Digital Health Network 22 NYC Ferry 43 Manhattan Greenway Freight NYC VR / AR Long Island City Made in New York Spofford Inwood Amazon HQ2 28 Tech Training 50 YMCA Coney Island NYC Ferry Brooklyn Army Terminal Times Square Development Finance Conference Garment Center 38 Jamaica, Queens 54 Welcome to the NYCEDC 2018 Time Capsule. Inside, you’ll find a collection of highlights from 2018, pre- senting some of our most transformational work to date— from Staten Island’s West Shore to Jamaica, Queens; and from Edenwald in the Bronx to Coney Island. Join us for this look back at 2018. And then stay with us through 2019, as we continue our work to build strong neighborhoods, create good jobs, and make the city’s economy dynamic, equitable, and sustainable for all. NYCEDC 2018 1 2018 /23 ALSO IN 2018... NYCEDC Launches Global Challenge to Create New OCTOBER 18 A Life Sciences Expansion in Kips Bay Applied Life Sciences Hub The City initiates the third phase of development of the The City commits up to $100 million in capital to create a Alexandria Center® for Life Science – New York City in Kips center of gravity for the city’s rapidly growing life sciences Bay, the city’s first collaborative campus for life sciences industry. The Applied Life Sciences Hub is the signature R&D and commercialization. 500,000 square feet of new initiative of the LifeSci NYC plan to create 16,000 jobs. lab and office space will build on the momentum of the city’s life sciences cluster and support the creation of nearly 1,500 quality jobs. DECEMBER 03 A Fund for LifeSci Growth Quentis Therapeutics, a company that develops immuno- therapy to treat cancer, is announced as the first recipient of the LifeSci NYC Expansion Space Fund, the City’s $10 million fund to help growing biotech companies fit out space to advance their work. Quentis will use a $1 million grant from NYCEDC to expand its headquarters in West Harlem. 4 NYCEDC 2018 NYCEDC 2018 5 /06 Going More Affordable at Willets Point The construction of 1,100 apartments in Queens, set to begin in 2020, will include more affordable homes and more homes for seniors than originally planned. The project will also include a new public elementary school, neighborhood retail, and public open space. NYCEDC 2018 7 / 15 Seeking Partners for Affordable Artist Workspace Initiative NYCEDC launches new efforts to build affordable artist work- space in New York City—crucial to the City’s commitment to create 10,000 jobs across the creative and cultural sectors. 8 /02 Grants to Boost Fashion Manufacturers NYCEDC and Council of Fashion Designers of America announce that seven NYC fashion manufacturers will receive more than $480K in grants to purchase advanced equipment through the Fashion Manufacturing Initiative Grant Fund. The public-private program supports the local fashion manu- facturing sector and its workforce. 10 NYCEDC 2018 /27 New Vendors for the New Essex Street Market When it opens in 2019, Essex Market will welcome Samesa, a contemporary Middle Eastern takeaway counter; Josephine’s Feast!, an NYC-based maker of jams and preserves; and Saffron, a florist established in Fort Greene, Brooklyn. NYCEDC 2018 11 /28 Bringing Apprenticeships to New Yorkers NYCEDC and SBS launch ApprenticeNYC, a $5 million investment to create 450 apprenticeships in the industrial, health, and tech industries over the next three years. 12 /20 An NYC / French Connection for Business Growth NYCEDC announces a partnership between the City and France to fuel international expansions and investment in the tech and innovation sectors. Over the last 15 years, French companies have invested $7.2 billion and created over 21,000 jobs in the city. 14 NYCEDC 2018 /08 Reactivating South Brooklyn Marine Terminal NYCEDC announces new operators for the shipping hub and its re-designation as the Sustainable South Brooklyn Marine Terminal—part of the City’s plan to bring new indus- trial uses to the South Brooklyn waterfront and connect local talent to quality maritime jobs. NO PHOTO 16 NYCEDC 2018 / 11 NYCxDESIGN Returns Taking place throughout the five boroughs from May 11 to 23, NYC’s annual celebration of design—now in its sixth year— hosts more than 350 events featuring designers from the city and around the world. NYCEDC 2018 17 / 14 Planting a Flag in NYC’s Blockchain Industry NYCEDC announces two initiatives—a Blockchain Resource Center and a public blockchain competition—to position New York City as an accessible center for innovation in the fast-growing industry. From May 11 to 16, NYCEDC partners with Coindesk to host the inaugural Blockchain Week NYC, featuring a series of events, including an industry hackathon and a first-ever Blockchain Job Fair. 18 / 16 women.nyc NYC First Lady Chirlane McCray and Deputy Mayor Alicia Glen announce women.nyc, NYCEDC’s online portal to empower and inspire women in New York City. The site connects women to services, programs, and resources to help achieve personal and professional success. ALSO IN 2018... APRIL 20 WE Fund: Growth The City announces a first-of-its-kind targeted loan program that will make more than $5 million in affordable capital available to women entrepreneurs. The program is designed to overcome barriers faced by women seeking to grow their businesses. AUGUST 13 WE Venture NOVEMBER 30 The City will create a Venture Capital Investment Consortium She Built NYC as part of Women Entrepreneurs NYC (WE NYC). Through First Lady McCray and Deputy Mayor Glen announce former the program, the City will seek and select venture capital US Congresswoman Shirley Chisholm as the first woman to partners to invest in companies founded by women entre- receive a monument as part of She Built NYC, a women.nyc preneurs. The City is also committing $10 million to invest initiative to commission public monuments honoring women alongside these partners over five years. who made historic contributions to New York City. NYCEDC 2018 19 /27 A Sprawling Waterfront Park in Long Island City The second phase of a new 5.5-acre waterfront park at Hunter’s Point South has its grand opening, resulting in 11 total acres of waterfront open space. The park is part of the City’s $99 million investment in the area, also to include affordable housing. 21 / 02 NYC E-Prix at Brooklyn Cruise Terminal NYCEDC and Formula E announce that 1,000 complimen- tary passes will be available for community members to attend the Qatar Airways New York City E-Prix held at the Brooklyn Cruise Terminal on July 14 and 15. NYCEDC 2018 23 / 11 Increased Affordability in Downtown Far Rockaway The Community Builders will create 224 affordable apart- ments on a City-owned lot and transform a long-neglected shopping center into over 450 affordable apartments. Just 10 months since the City Council approved the neigh- borhood’s rezoning, these projects show major progress in Downtown Far Rockaway. All designs are subject to NYC Public Design Commission approval Commission Design Public All designs are subject to NYC 24 NYCEDC 2018 / 13 First 350-Passenger Boat Joins NYC Ferry Fleet “Ocean Queen Rockstar,” NYC Ferry’s first 350-passenger boat, arrives in the city. The boat is the first of six higher- capacity vessels that will help accommodate record-breaking ridership across the system. ALSO IN 2018... MARCH 15 NYC Ferry Vessel Naming Competition Winners Announced “Spring Mallard” and “Rainbow Cruise” are among 10 winners of the 2018 public school competition to name NYC Ferry boats, engaging some of the youngest New Yorkers on the city’s newest mass transportation system. MARCH 20 Ferry Hiring Ramps Up NYC Ferry announces that it will make 75+ hires over the summer to prepare for two new route launches in August. Total hires are expected to more than double original staffing projections. MAY 03 9 Million Annual Riders Projected for 2023 The City prepares to invest $300 million in capital over the next five years to meet increased demand. NYCEDC 2018 25 / 16 Modernizing Freight in NYC NYCEDC releases Freight NYC, a $100 million plan to overhaul the city’s aging freight distribution systems through strategic investments to modernize maritime and rail assets and create new distribution facilities. The ultimate goal: create nearly 5,000 good-paying jobs for New Yorkers and a more sustainable and resilient supply chain network. ALSO IN 2018... JULY 25 Strengthening Freight and Distribution on Staten Island’s West Shore The City announces new funding that will further strengthen the West Shore of Staten Island and the city’s freight and distribution industry. The City will provide $2.5 million to improve access to and from GCT New York and the Matrix Development, two major industrial job hubs in the borough. 26 NYCEDC 2018 NYCEDC 2018 27 / 01 Bringing a TV/Film and Media Production Campus to Sunset Park The City seeks proposals to develop and operate a best-in- class production facility at the Made in NY (MiNY) Campus, a $136 million City investment to transform Bush Terminal into a hub for garment manufacturing, media production, and supporting industries. NYCEDC 2018 29 /08 ALSO IN 2018... JANUARY 09 Inwood Plan Moves Forward An Action Plan Update The year starts off with an update to the Inwood NYC Action The City Council approves the Inwood neighborhood rezoning, Plan, outlining the latest City actions responding to commu- a central part of the City’s plan to ensure the area remains nity priorities.
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