Invest in NYC

New York City is the world’s premier investment destination, built on an engine of innovation and forward-thinking policy that offers limitless opportunity for growth.

A World-Class Investment Opportunity

New York City is more than the largest city in the United States—it’s an economic powerhouse that ranks among the top global investment destinations. With over 8.5 million residents and a $1.28 trillion GMP (gross metropolitan product), NYC offers the market depth and consistent growth that investors seek.

Guided by marquee policy initiatives such as “New” New York and the City of Yes, New York City is entering a new age of economic prosperity that is ripe with high-yield investment potential. From landmark infrastructure projects, major rezonings, to fast-growing innovation sectors, the investment opportunities available in New York are as diverse as the city itself.

NYCEDC: Your Investment Partner

Since its creation 30 years ago, New York City Economic Development Corporation (NYCEDC) has planned and executed strategies that have kept the city at the forefront of global competition for people, businesses, and capital. We are investing in our airports, developing new transit systems, building coastal resiliency, and modernizing port infrastructure. Additionally, we are updating City regulations so they conform with modern economic realities—whether it’s housing, autonomous vehicles, or building codes—and creating incentives that spark opportunities for private investment centered around five principal categories:

Infrastructure and Public Realm
Rezonings
Public-Private Land Development
Incentives & Business Support
Innovation Industries

Infrastructure and Public Realm

New York City is advancing transformative projects to reshape key corridors and waterfronts; enhance climate resilience; and expand public space for residents, workers, and visitors. These investments will improve quality of life in these areas, positively impacting the demand for office, retail, and residential space.

Aerial rendering of a bustling Fifth Avenue featuring dedicated bus lanes, busy sidewalks, and planted trees, surrounded by tall buildings.

Future of Fifth: ~$400 million investment to transform Fifth Avenue between Bryant Park and Central Park into a world-class, pedestrian-centered boulevard

Aerial rendering of North Shore Staten Island with modern buildings, green spaces, and a walking path along the shore. A cargo ship sails on the water, and a residential area with tree-lined streets is visible in the background.

North Shore Staten Island: $400 million initiative to deliver a 20-acre waterfront esplanade and public amenities, 1.3 million sq. ft. of commercial space, over 2,100 mixed-income homes, and a 600-seat school, anchored by the 35-acre New Stapleton Waterfront

Rendering of Port Authority Bus Terminal featuring a modern, spacious building entrance with high ceilings, large glass panels, shiny metallic columns, and people walking or standing inside. Escalators are visible in the background, and a crosswalk is in the foreground.

Port Authority Bus Terminal: $10 billion plan to redevelop the PABT into a modern 2.1 million-square-foot facility (Image credit: “RENDERING: New Midtown Bus Terminal” by The Port Authority of New York and New Jersey, CC BY-NC-ND 2.0)

Explore the full list of the City’s infrastructure and public realm investments.

New Rezonings to Unlock Private Land Development

New York City is undertaking a sweeping modernization of outdated zoning laws to foster more inclusive, sustainable, and economically dynamic neighborhoods across all five boroughs. As part of the City’s goal to create 500,000 new homes over the next decade, these reforms will unlock private land development opportunities that deliver vibrant, mixed-use communities—bringing together housing, jobs, and amenities in areas positioned for long-term growth.

A row of tan brick apartment buildings with arched windows in the foreground, leafy trees, and a distant NYC skyline under a partly cloudy blue sky.

City of Yes for Housing Opportunity: Creates the potential for 82,000 new housing units across all five boroughs through targeted rezonings

Aerial view of the densely populated Parkchester, Bronx neighborhood with numerous brown apartment buildings, roads, and patches of greenery, surrounded by more residential areas and a large wooded park.

Bronx Metro North: Enables development around four new Metro-North train stations, delivering 7,000 housing units through neighborhood rezoning

A modern outdoor sculpture featuring a shiny yellow ring intersected by metallic rods, set against a backdrop of tall, glass and concrete office buildings in New York City.

Midtown South, Manhattan: Delivering nearly 10,000 new homes alongside over $488 million in investments for Garment District industries and neighborhood benefits

See a full list of rezonings.

Public-Private Land Development Opportunities

Alongside zoning reforms that unlock private land, New York City is leveraging its public real estate portfolio to drive housing and neighborhood growth. As a real estate developer, asset manager, and policymaker, NYCEDC is leading a mayor-directed review of underutilized public sites across the five boroughs. With 230 properties totaling 66 million square feet, NYCEDC is advancing streamlined interagency coordination to create public-private development partnerships to transform these assets into vibrant, mixed-use projects—delivering new homes, jobs, and community amenities at scale.

Aerial rendering of a modern, illuminated stadium named Etihad Park filled with a crowd, in Willets Point, Queens. It is surrounded by buildings, roads, and a river in the background at dusk.

Willets Point: $3 billion investment for infrastructure, public space, and housing, including Etihad Park—NYC’s first professional soccer stadium

Rendering of SPARC Kips Bay. Aerial view of New York City featuring several high-rise glass buildings. The sun casts a warm glow, reflecting off the structures. In the background, a skyline of taller skyscrapers is visible against a hazy sky.

SPARC Kips Bay: $1.6 billion project to transform Hunter College’s Brookdale Campus into the city’s hub for life sciences, healthcare, and public health innovation

Aerial rendering of South Brooklyn Marine Terminal with large cranes, cargo ships docked, and rows of wind turbine blades and components stored on the docks, adjacent to modern buildings and parked vehicles.

South Brooklyn Marine Terminal: Transforming the 73-acre site into the nation’s largest dedicated offshore wind port

See a full list of public-private land investment opportunities.

Incentives & Business Support

NYC offers over 70 City, State, and federal programs designed to lower the cost of doing business, from expansion and relocation to capital improvements and workforce growth.

Five people stand in an empty, sunlit office space with large windows. One person gestures upward while others listen, suggesting a discussion or tour of the space. The room has unfinished walls and exposed pipes.

M-CORE: Provides tax incentives to modernize aging office buildings south of 59th Street, unlocking value through transformative renovations

Aerial view of a grid of large, rectangular industrial containers and units arranged on a gravel lot, part of a battery storage facility.

NYCIDA: Offers property tax abatements, sales tax waivers, and reduced mortgage recording taxes for large-scale commercial and industrial projects

People walking quickly through a bright, modern building lobby with large windows, glass doors, and reflections on the floor. The image is slightly blurred, capturing a sense of motion and bustling activity.

Relocation Assistance Credit for Employees: Incentivizes out-of-state companies that sign leases for at least 10,000 square feet of space at qualifying office buildings

See a full list of investment incentives and business support programs.

Innovation Industries

NYC is actively investing in high-growth sectors such as tech, the green economy, and life sciences to build a more diversified and resilient economy. These emerging sectors are projected to expand significantly over the next decade, offering a wide range of opportunities for investment and public-private partnership.

A businesswoman in a brown jacket stands in a server room, surrounded by tall racks of servers. She is working on a computer mounted on a stand. The room is well-lit with a checkered floor.

Emerging Tech: World’s #2 tech ecosystem and the global leader in Applied AI

Two construction workers install sections of green roofing on a rooftop in Brooklyn using a crane, surrounded by buildings and a clear blue sky.

Green Economy: Projected to employ 400,000 New Yorkers and generate $87 billion in economic impact by 2040

Two scientists in a lab are wearing white coats, gloves, and safety goggles. They are discussing data. Another scientist works in the background. The lab is filled with equipment and supplies.

Life Sciences: Projected to grow 24 percent by 2033, spurred by the City’s $1B+ LifeSci NYC initiative

A World-Class Investment Opportunity

Invest in New York City