NYC’s gross metropolitan product, making it the 9th largest economy in the world
The Business Development team at New York City Economic Development Corporation (NYCEDC) is your partner to guide you through your business expansion and relocation needs.
The NYC Difference
New York is business—a city riding the wave of growing industries including life sciences, tech, and the green economy. Home of the world’s 9th-largest economy—larger than most countries—NYC is primed for innovation, a place where people from all walks of life connect and collaborate every day.
A melting pot like no other, NYC has the scale, space, talent, and imagination to help your business hit the ground running.
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00:02 [Aerial map view of New York City’s harbor with large bold text reading “NYCEDC” and smaller blue text below stating “New York City’s Harbor of the Future.”.] NYCEDC is a mission-driven nonprofit that works to create a vibrant, inclusive, and globally competitive economy for all New Yorkers. Our Harbor of the Future vision is a bold plan to reimagine New York City's waterfront to fuel 21st century growth and innovation. This bird's eye view shows the progress the city has made and highlights our mission and strategies in action.
00:26 [A map shows the Staten Island Ferry and St George railway routes, with two inset images: one of Staten Island’s North Shore with waterfront buildings, and another of people walking and cycling on a waterfront path.] Along the North Shore of Staten Island, we're building a vibrant waterfront community. A $400 million city investment will create over 20 acres of public space, more than 7,500 good jobs, and over 2,000 housing units for all income levels. On the west shore of Staten Island, we are working with private partners to make hundreds of acres of underutilized land available for large-scale manufacturing. [Music]
00:59 [A 3D map shows ferry routes from Brooklyn Army Terminal, with an inset image of people inside BATWorks, a modern, open industrial workspace, above the waterfront and nearby streets.] Along the South Brooklyn waterfront, we manage 200 acres of assets, including the Brooklyn Army Terminal, home to over 100 businesses and over 3,500 employees, as well as BATWorks, a climate innovation hub that will grow Sunset Park as a center for clean tech innovation, manufacturing, local entrepreneurship, and workforce development.
01:24 [A 3D map shows Brooklyn waterfront with highlighted piers and ferry routes. An inset image depicts people walking and biking on a redeveloped pier labeled “MADE Bush Terminal” near the waterfront.] In 2024, we opened the first industrial building at the MADE campus at Bush Terminal, a center for manufacturers, artisans, designers, and entrepreneurs.
01:36 [A 3D map of South Brooklyn’s waterfront highlights the South Brooklyn Marine Terminal, with an inset photo showing large turbine components and the Manhattan skyline in the background. Routes labeled South Brooklyn Route and Rockaway Route run across the water.] In partnership with the city, state, and Equinor, we announced the start of construction to transform the South Brooklyn Marine Terminal into the nation's largest offshore wind port.
01:49 [A 3D map highlights the Brooklyn waterfront in yellow, zoomed in on the Brooklyn Marine Terminal. An inset photo shows cranes and shipping containers at the terminal with the city skyline in the background.] Working with local officials and stakeholders, we're creating a transformational plan for the 122 acre Brooklyn Marine Terminal. There, we'll develop a modern maritime port to bolster the Blue Highway Network and deliver affordable housing and commercial and open space, improve transportation, and support resiliency.
02:04 [A map showing ferry routes to Governors Island in New York Harbor, with a highlighted area for the New York Climate Exchange and an inset image of its future design and the Manhattan skyline.] Across from Atlantic Basin, our partners at Governor's Island are building the New York Climate Exchange, a 400,000 square foot campus for research, education, and public programs addressing the global climate crisis.
02:16 [A 3D map shows Brooklyn Navy Yard by the East River with color-coded shuttle routes; an inset image displays a modern building at the Navy Yard. Landmarks and routes to Astoria, Atlantic Terminal, and DUMBO are labeled.] Another partner, the Brooklyn Navy Yard, has become an international model for the successful transformation of outdated industrial spaces into a center for modern manufacturing and a home to startups.
02:27 [Aerial map view of New York Harbor with highlighted waterfront areas and three inset images: Brooklyn Navy Yard, New York Climate Exchange on Governors Island, and BAT/WBX in Brooklyn Army Terminal. Text reads Harbor Climate Collaborative.] The Harbor Climate Collaborative is a joint initiative between Governor's Island, the Brooklyn Navy Yard, and the Brooklyn Army Terminal to make NYC the global capital of climate innovation. The collaborative will facilitate research, education, workforce training, and space for companies to grow and to pilot new technologies. [Music]
02:46 [A 3D map view of a coastal city area highlights a section along the shoreline, with an inset showing a visual of Coney Island, including the beach, boardwalk, and amusement park attractions.] The next phase of an ambitious new vision for Coney Island will deliver 1,500 new homes, reconstruct the historic boardwalk, and renovate the Abe Stark Sports Center. The City will also invest in new streets, sewers, and public realm improvements.
03:08 [A 3D map highlights a yellow area in a city grid with a line pointing to an inset image showing a busy East New York intersection featuring people, trees, and buildings.] Moving away from the waterfront to a neighborhood hub, we are working to improve the Broadway Junction Station complex and support the East New York industrial business zone and the neighborhood's future as a thriving employment center. [Music]
03:17 [Aerial map of Lower Manhattan with transit lines and ferry stops labeled. Insets show people boarding and exiting a helicopter at the Downtown Skyport heliport.] Along the East River, we control two of the city's heliports, the East 34th Street Heliport and the Downtown Skyport. At the Skyport, the city will upgrade infrastructure to support electric vehicle takeoff and landing aircraft as well as last mile maritime freight delivery.
03:34 [Aerial illustration of Lower Manhattan with highlighted yellow waterfront areas. An inset shows a rendering of the Lower Manhattan Coastal Resiliency project, with green spaces, a walkway, and tall buildings by the waterfront.] Resiliency against flooding and the effects of climate change is at the core of our work with city infrastructure. We're designing the last section of the Lower Manhattan Coastal Resiliency project which covers the phi seaport area.
03:50 [Aerial map view of New York City with a highlighted waterway route and stops, featuring an inset image of the proposed Science Park and Research Campus (SPARC) at Kips Bay with modern buildings and the Empire State Building in the background.] In Kips Bay, we're creating a job and innovation hub focused on life sciences, health, and education. Spark Kips Bay will lead to over 3,100 jobs and $42 billion in economic impact and build pathways to the life sciences and health sectors.
04:06 [A 3D map of Long Island City highlights transit routes and key locations. An inset photo shows hands writing on a planning map with sticky notes labeled LIC Neighborhood Plan.] Across the East River in Long Island City. We're working with the Department of City Planning on an extensive community engagement process to guide the long-term vision for one of the city's fastest growing neighborhoods.
04:18 [A 3D map shows Roosevelt Island between Manhattan and Queens, with lines pointing to a photo of the modern Cornell Tech campus. The Astoria Route and Roosevelt Island are labeled.] Cornell Tech is a groundbreaking center for technology, research, and education on Roosevelt Island and has helped transform New York City into the second largest global tech ecosystem.
04:28 [A 3D map of New York City highlights a section along the East River. An inset photo shows the East Midtown Greenway, a waterfront pathway with people walking beside the river and high-rise buildings in the background.] The East Midtown Greenway brought us one step closer to closing the loop of the Manhattan Waterfront Greenway, a vision of providing New Yorkers with continuous waterfront open space around Manhattan.
04:40 [A rendered map shows a city with a highlighted walking path along a river. An inset image in the top left corner labeled Bobby Wagner Walk depicts a riverside pedestrian walkway with trees and people.] As part of this work, we're rebuilding the pier at 107th Street and repairing and reconstructing portions of the Bobby Wagner Walk Esplanade from 94th Street to 124th Street along the Harlem River. [Music]
05:06 [Aerial map view of Willets Point, highlighted in yellow, with a stadium and buildings. Inset image shows a nighttime view of the stadium complex. Labels indicate locations: Willets Point and Mets-Willets Point.] At Willets Point we're making history through a generational public private partnership to build a mixed-use neighborhood. The project includes the city's largest affordable housing project in over 40 years and a privately financed all electric soccer stadium for the New York City Football Club along with a new school and dedicated open space. The project will generate 16,000 jobs and $6.1 billion in economic impact for the city. [Music]
05:45 [A 3D map highlights a large building in a city block, with an inset photo labeled Kingsbridge Armory showing a red-brick armory building with a glass roof and the surrounding urban landscape.] El Centro Kingsbridge, a monumental new plan for the future of the Kingsbridge Armory, will redevelop the historic and long underutilized site and create new economic opportunities in the Bronx. The two-phase project will bring a state-of-the-art event venue, sports fields, cultural, commercial, and community space, and permanently affordable housing. [Music]
06:09 [A 3D map highlights the Hunts Point area in yellow, showing buildings and roads near the waterfront. An inset shows a rendering of the modern Hunts Point Produce Market with trucks and flags outside.] The Bronx is also home to the Hunts Point Food Distribution Center, the city's primary food distribution hub. We're working on major upgrades at the 200 acre site, including redevelopment of the Produce Market and creation of a strategic blue highway node. Waterways remain a vital tool for moving people and goods. The Harbor of the Future showcases our assets, their interconnectedness, and their position as an integral part of New York City's vast waterfront. The Harbor of the Future vision is fundamental in delivering a sustainable future for New York City.
The size of NYC’s workforce, the largest in the nation
New Yorkers with a bachelor’s—more than LA, SF, DC, Philly, and Boston combined
NYC’s gross metropolitan product, making it the 9th largest economy in the world
US city
The size of NYC’s workforce, the largest in the nation
Safest Big City in the US
New Yorkers with a bachelor’s—more than LA, SF, DC, Philly, and Boston combined
State for FDI strategy
There is huge value in Chobani House being located in the heart of New York City—with its rich tapestry of people, energy, grit, and determination. This city is unlike any other place on Earth, and it’s an amazing place to call one of our homes, ensuring we can continue to attract top talent.
Connecting You to the City of Opportunity
NYCEDC is a mission-driven, nonprofit organization that works for a vibrant, inclusive, and globally competitive economy for all New Yorkers. And one of our key strategies is strengthening confidence in NYC as a great place to do business.
That’s why our Business Development team is prepared to help you establish the critical connections you need to succeed in the diverse NYC business ecosystem.
Meet the Team
The Business Development team at NYCEDC can help guide your business through every step of the expansion or relocation process.
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