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New York City Industrial Development Agency (NYCIDA) is a public benefit corporation under New York State law that provides companies with access to tax-exempt bond financing or tax benefits to strengthen and diversify the City’s tax and employment base, helps businesses locate and expand their operations within New York City, and encourages ...
The Overcoat Development Corporation was founded in the 1980s in an attempt to convince a men's outerwear company to relocate to New York from Indiana by offering a favorable lease on a building in Amsterdam, New York. This company closed down, but the Overcoat Development Corporation continues to exist to service the long-term lease it signed ...
Department of Economic Development (DED) [23] [24] New York Job Development Authority (JDA), d/b/a Empire State Development Corporation (ESDC) [25] [26] In 2017, the JDA had operating expenses of $2.96 million, an outstanding debt of $10.068 billion, and a staffing level of 4 people. [27] Science and Technology Foundation (STF)
The New York Small Business Development Center was founded in 1984 as part of a nationwide initiative by the Small Business Administration to foster small business growth and economic development. The program's establishment in New York coincided with a broader national effort to decentralize business assistance and provide localized support to ...
New York state public-benefit corporations are commonly used by the state government to perform a specific purpose, such as investment in infrastructure or regulation of horse racing. These corporations are frequently referred to as authorities .
The New York City Economic Development Corporation's Early Stage Life Sciences Funding Initiative and venture capital partners, including Celgene, General Electric Ventures, and Eli Lilly, committed a minimum of US$100 million to help launch 15 to 20 ventures in life sciences and biotechnology. [51]
The New York City Department of Small Business Services (NYC SBS) is a municipal department of New York City supporting small businesses throughout the five boroughs. NYC SBS provides a wide range of programs, services, and resources aimed at helping small businesses. Its regulations are compiled in title 66 of the New York City Rules. SBS also ...
The New York City Office of Workforce Development (WKDEV) coordinates workforce development with economic development. The New York City Workforce Development Board (WDB) oversees Workforce Innovation and Opportunity Act activities, and is the local board counterpart to the New York State Workforce Investment Board.