New York City Economic Development Corporation

WATERFRONT ALLIANCE RELEASES NEW VERSION OF WEDG® (WATERFRONT EDGE DESIGN GUIDELINES): A NATIONALLY APPLICABLE STANDARD FOR EXCELLENCE IN WATERFRONT DESIGN

Retrieved on: 
Monday, November 6, 2023

Today, Waterfront Alliance releases WEDG® (Waterfront Edge Design Guidelines) Version 3.0, which will expand applicability of the guidelines to riverine and lacustrine waterways, expanding expectations on what it means to meet the gold standard for waterfront development.

Key Points: 
  • Today, Waterfront Alliance releases WEDG® (Waterfront Edge Design Guidelines) Version 3.0, which will expand applicability of the guidelines to riverine and lacustrine waterways, expanding expectations on what it means to meet the gold standard for waterfront development.
  • The standard will update guidance around designing for future adaptability, designing to flood, and other resilience techniques.
  • Access continues to be an important part of the standard with stronger requirements on stakeholder engagement and workforce development.
  • In New Rochelle, New York, WEDG is required as part of the zoning process for multi-family developments along the waterfront.

Chan Zuckerberg Biohub New York Will Build Technologies To Monitor Health and Eradicate Disease

Retrieved on: 
Wednesday, October 18, 2023

REDWOOD CITY, Calif., Oct. 18, 2023 /PRNewswire/ -- Today, the Chan Zuckerberg Initiative (CZI) announced the launch of a new biomedical research hub in New York City that will catalyze collaboration between leading scientific and technology institutions in the area, with the goal of solving grand scientific challenges on 10- to 15-year time horizons. The Chan Zuckerberg Biohub New York (CZ Biohub NY) brings together Columbia University, The Rockefeller University, and Yale University to create new technologies to characterize and bioengineer immune cells — with the ultimate goal of creating disease-specific "cellular endoscopes" that can detect early stages of disease in cells, monitor cell changes, and resolve diseases before they become untreatable.

Key Points: 
  • The CZ Biohub NY is the fourth research institute in the Chan Zuckerberg Biohub Network , a groundbreaking collaborative model for scientific research.
  • The Network includes the first CZ Biohub, in San Francisco , a second in Chicago , and the Chan Zuckerberg Institute for Advanced Biological Imaging in Redwood City, California.
  • In addition to the funding from CZI, the State of New York and New York City are also contributing $10 million each to the CZ Biohub NY.
  • "With a world-class faculty, cutting-edge research, and a time-tested model for innovation, the Chan Zuckerberg Biohub will help us continue to build the future of medicine in New York," Governor Hochul said.

Amanda K. Brown Joins Seward & Kissel’s Maritime and Transportation Group

Retrieved on: 
Thursday, October 12, 2023

Seward & Kissel LLP announced today that Amanda K. Brown has joined the firm’s New York office as special counsel in the Maritime and Transportation Group.

Key Points: 
  • Seward & Kissel LLP announced today that Amanda K. Brown has joined the firm’s New York office as special counsel in the Maritime and Transportation Group.
  • “Amanda has a wealth of experience and a rich understanding of maritime and transportation law, especially as it relates to complex financing transactions,” said Seward & Kissel managing partner Jim Cofer .
  • “We’re excited by her return to our firm and the skills she brings to our Maritime and Transportation practice.”
    Brown began her career at Seward & Kissel, where she was an associate from 2006 to 2014.
  • “Amanda is a valuable addition to Seward & Kissel’s maritime and transportation practice,” said Seward & Kissel partner Michael Timpone , head of the firm’s Transportation Finance Group.

Vornado Realty Trust, Hudson Pacific, Blackstone, and New York City Economic Development Corporation to Create Public-Private Partnership and First Purpose-Built Studio Campus in Manhattan at Pier 94

Retrieved on: 
Tuesday, August 29, 2023

Today, Vornado Realty Trust (NYSE: VNO), Hudson Pacific Properties (NYSE: HPP), Blackstone (NYSE: BX), the City of New York, and New York City Economic Development Corporation (NYCEDC) announced they have entered into Manhattan’s first public-private partnership venture to build a purpose-built studio campus at Pier 94.

Key Points: 
  • Today, Vornado Realty Trust (NYSE: VNO), Hudson Pacific Properties (NYSE: HPP), Blackstone (NYSE: BX), the City of New York, and New York City Economic Development Corporation (NYCEDC) announced they have entered into Manhattan’s first public-private partnership venture to build a purpose-built studio campus at Pier 94.
  • Vornado, who contributed its long-term leasehold for Pier 94 to the venture, will own 49.9%; Hudson Pacific will own 25.6%; and Blackstone’s institutional Core+ Real Estate strategy will own 24.5%.
  • Vornado will be responsible for development and Hudson Pacific will provide design oversight and manage the facility’s leasing and operations.
  • There will also be a program to support workforce development and training programs to connect local residents to opportunities in film, television, commercial and other media production.

Invest Puerto Rico partners with Newlab to turn waste and resources into new solutions and products

Retrieved on: 
Friday, August 25, 2023

SAN JUAN, Puerto Rico, Aug. 25, 2023 /PRNewswire/ -- Invest Puerto Rico (InvestPR), the island's business attraction organization, in strategic partnership with Newlab, a renowned center of invention based in Brooklyn, NY, will establish an innovative project to convert unmanaged or landfilled items, such as sargassum seaweed, plastics and tires, into new value-added products.    

Key Points: 
  • Invest Puerto Rico and Newlab are recruiting entrepreneurs and early-stage companies to pilot innovative waste conversion solutions.
  • Through technology and collaboration, the partners will unlock the potential for renewable life cycles of materials, such as end-of-life tires, waste plastics and sargassum seaweed.
  • Tires are a damaging waste stream in Puerto Rico, with up to 18,000 tires being disposed daily on the island.
  • The project aims to transform discarded tires into valuable resources, reduce landfill waste and contribute to a circular economy.

New Offshore Wind Innovation Hub Announces First Selections for its Accelerator Program

Retrieved on: 
Monday, June 26, 2023

The Offshore Wind Innovation Hub today announced the first round of start-up companies selected to receive support to develop innovative ideas designed to unleash the potential of offshore wind.

Key Points: 
  • The Offshore Wind Innovation Hub today announced the first round of start-up companies selected to receive support to develop innovative ideas designed to unleash the potential of offshore wind.
  • View the full release here: https://www.businesswire.com/news/home/20230626305468/en/
    Tone Søndergaard, Director of the Offshore Wind Innovation Hub (Photo: Business Wire)
    Launched in January 2023 to help develop promising start-ups that drive new innovation in the offshore wind industry, the Offshore Wind Innovation Hub is led by Equinor and bp in collaboration with Urban Future Lab at NYU Tandon School of Engineering , and National Offshore Wind R&D Consortium .
  • The Offshore Wind Innovation Hub provides a one-of-a-kind experience for startups to further develop their technologies on the ground as we’re developing America’s offshore wind energy future right here in New York City.
  • We look forward to working with The Offshore Wind Innovation Hub to build a nation-leading ecosystem and more inclusive future for all New Yorkers.”
    “The Offshore Wind Innovation Hub provides a great opportunity for innovators to bring their unique technology advancements into offshore wind.

Ace Hardware Selects Missouri For New Distribution Center

Retrieved on: 
Thursday, June 22, 2023

KANSAS CITY, Mo., June 22, 2023 /PRNewswire/ -- Ace Hardware Corporation, the world's largest retailer-owned hardware cooperative, announced plans to open a new Retail Support Center (RSC) in Kansas City, Missouri. The new facility, spanning approximately 1.5 million sq. ft., is projected to be fully operational in 2025, and is expected to create 350 new jobs. 

Key Points: 
  • KANSAS CITY, Mo., June 22, 2023 /PRNewswire/ -- Ace Hardware Corporation, the world's largest retailer-owned hardware cooperative, announced plans to open a new Retail Support Center (RSC) in Kansas City, Missouri.
  • "We're excited to add a world-renowned company like Ace Hardware to the growing list of businesses opening new facilities in Missouri," said Governor Mike Parson.
  • Ace Hardware is building this new facility to balance its current distribution network and meet the needs of its growing retail landscape.
  • "Ace Hardware's new distribution center in Missouri is significant for a multitude of reasons," said Subash Alias, CEO of Missouri Partnership.

GOVERNOR HOCHUL ANNOUNCES $3 MILLION EXPANSION OF MANHATTAN TELECOMMUNICATIONS CORPORATION IN NEW YORK CITY

Retrieved on: 
Tuesday, June 13, 2023

NEW YORK, June 13, 2023 /PRNewswire/ -- Governor Kathy Hochul today announced that Manhattan Telecommunications Corporation, a global communications solution provider for businesses worldwide, is investing $3 million to extensively renovate its 55 Water Street headquarters in New York City. As part of its growth plans, MetTel has committed to creating at least 100 new full-time jobs in software development and professional services while retaining 180 full-time jobs, supported by up to $2.2 million in performance-based Excelsior Jobs Program tax credits from Empire State Development. ESD was joined by the New York City Economic Development Corporation to mark the milestone with a ribbon cutting at MetTel's 55 Water Street headquarters.

Key Points: 
  • NEW YORK, June 13, 2023 /PRNewswire/ -- Governor Kathy Hochul today announced that Manhattan Telecommunications Corporation, a global communications solution provider for businesses worldwide, is investing $3 million to extensively renovate its 55 Water Street headquarters in New York City.
  • ESD was joined by the New York City Economic Development Corporation to mark the milestone with a ribbon cutting at MetTel's 55 Water Street headquarters.
  • "New York City stands as a beacon of innovation where creativity flourishes and the entrepreneurial spirit thrives," Governor Hochul said.
  • Founded in New York City in 1996, Manhattan Telecommunications Corporation (MetTel) has helped businesses and government organizations boost enterprise productivity, reduce costs and simplify operations through automation.

Offshore Wind Innovation Hub Hosts Live Wind-Win Startup Showdown

Retrieved on: 
Wednesday, May 17, 2023

The Offshore Wind Innovation Hub—a New York-based initiative to foster new developments in offshore wind technology by start-ups and innovation experts—is holding a live “showdown” event for finalists hoping to join the Innovation Hub Accelerator Program.

Key Points: 
  • The Offshore Wind Innovation Hub—a New York-based initiative to foster new developments in offshore wind technology by start-ups and innovation experts—is holding a live “showdown” event for finalists hoping to join the Innovation Hub Accelerator Program.
  • Innovators will pitch their development concepts to a jury comprised of offshore wind experts before a live audience at Housing Works Bookstore in Manhattan.
  • The OSW Innovation Hub aims to advance technology in the rapidly growing new offshore wind industry by fostering a culture of collaboration and mentorship between experts and start-ups.
  • Led by Equinor in partnership with bp, the initiative is supported by the New York City Economic Development Corporation (NYCEDC), in collaboration with the Urban Future Lab at NYU’s Tandon School of Engineering and the National Offshore Wind R&D Consortium.

Jason R. Kaye Joins Greystone Housing Impact Investors to Originate Tax-Exempt Financings

Retrieved on: 
Thursday, May 11, 2023

NEW YORK, May 11, 2023 (GLOBE NEWSWIRE) -- Greystone affiliate, Greystone Housing Impact Investors (“GHI”), the general partner of the general partner of Greystone Housing Impact Investors LP (NYSE: GHI) (the “Partnership”), announced that Jason R. Kaye has joined as a Managing Director.

Key Points: 
  • NEW YORK, May 11, 2023 (GLOBE NEWSWIRE) -- Greystone affiliate, Greystone Housing Impact Investors (“GHI”), the general partner of the general partner of Greystone Housing Impact Investors LP (NYSE: GHI) (the “Partnership”), announced that Jason R. Kaye has joined as a Managing Director.
  • Prior to joining GHI, Mr. Kaye was a Senior Vice President at Regions Bank where he handled debt and tax credit equity, transaction structuring and loan executions for local and national affordable housing developers.
  • He has also served as a Senior Vice President at Bank of America in Community Development Banking, originating and structuring affordable housing debt and equity.
  • “We are thrilled for the potential to grow our impact across new affordable housing markets with his expertise and relationships, and warmly welcome Jason to the team.”