The New York City Economic Development Corporation (NYCEDC) is a public benefit corporation that acts as the official economic development organization for New York City. NYCEDC accomplishes its mission through a variety of activities, including:

• Investing in real estate development: They manage and develop City-owned properties to create new business opportunities and revitalize neighborhoods.
• Administering financing tools: NYCEDC offers tax breaks and other financial incentives to attract and retain businesses.
• Overseeing infrastructure projects: They manage major transportation and infrastructure projects across the five boroughs.
• Planning and development: NYCEDC conducts studies and creates plans to guide future development in the city.
• Advocacy: They promote New York City as a global center for business and innovation.