2022 - The NYCEDC Impact

Dear New Yorkers,

When Mayor Eric Adams appointed me as NYCEDC’s President and CEO in March of 2022, I was deeply honored to have the opportunity to lead an organization of incredibly talented and dedicated New Yorkers charged with not just steering the economy back from the ravages of COVID-19, but building a vibrant, inclusive, and globally competitive economy.

Shortly after my appointment, the Mayor and Deputy Mayor Maria Torres-Springer, backed by the hard work of many EDCers, announced the Blueprint for Economic Recovery with 70 initiatives to drive the city’s economic recovery.

Twelve months later, the implementation of the Blueprint is delivering positive results. The city has led the nation in job growth and now stands just 11,000 short of regaining all 1 million jobs lost during the early months of the pandemic. Unemployment has come down 16 percentage points and our fellow New Yorkers are getting back in the game with our workforce participation rate at its highest point since 1976.

Tourism and hotel accommodation rates are nearly back to pre-pandemic levels and with the rest of the world opening back up for travel, we expect to meet or exceed 2019 numbers in 2023. In an astonishing statement about the strength of NYC’s small business and startup ecosystem, one in nine of all businesses in the city started in the last year.

While progress has been made, Mayor Adams has made it clear that getting back to our pre-2019 economy is not enough. At NYCEDC, we couldn’t agree more. Our city’s unemployment rate for too many of our neighbors stands at unacceptably high levels, shining a bright light on the deep racial inequities so painfully exposed during the pandemic. With the reality of a new hybrid-work world, too many of our offices and retail stores lie vacant, making it more urgent than ever to create more live, learn, work, and play neighborhoods. To build a globally competitive economy and one that is centered on equity and inclusion, it is imperative that we provide greater access to capital for diverse entrepreneurs as well as career pathways—particularly for students in our NYC schools and colleges—into high-wage, high-growth innovation sectors of today and the future. And the opportunities are greater and more urgent than ever to build the sectors, such as biotech and climate tech, that will meet the health and climate challenges of our time.

Under the Adams Administration, NYCEDC is reframing our approach to economic development, based on four strategies: strengthen business confidence in the city; grow innovation sectors, with a focus on equity; build neighborhoods where people live, learn, work and play; and deliver sustainable infrastructure.

In this report, the first of its kind for NYCEDC, I invite you to learn about our impact in 2022—on New York City, its recovery and future economy, and the lives of New Yorkers. While we have so much left to do, it was a year of impact of which we can be proud.

Read on, learn about our work, meet our team… and then stay with us for 2023 and beyond.

Sincerely,

Andrew Kimball President & CEO

Working for all New Yorkers

New York City Economic Development Corporation is a mission-driven, nonprofit organization that works for a vibrant, inclusive, and globally competitive economy for all New Yorkers. We take a comprehensive approach, through four main strategies: strengthen confidence in NYC as a great place to do business; grow innovation sectors, with a focus on equity; build neighborhoods as places to live, learn, work, and play; and deliver sustainable infrastructure for communities and the city’s future economy.

NYCEDC by the Numbers

64M square feet and 60K+ jobs at our 225 properties

$9B+ capital budget

$665M in capital program economic impact

~40% of project awards go to M/WBE contractors

1,300+ companies at our managed properties

Strengthening Business Confidence in NYC

Strengthening confidence in New York City means ensuring that industry leaders, entrepreneurs, investors, and top talent have confidence that NYC is the best city in the world to do business. We were hard at work in 2022 proactively attracting and retaining job-creating companies—by branding and positioning NYC as a business-friendly environment, organizing advisory councils to connect industries to City government, publishing and sharing economic data to inform business decisions, and hosting international delegations to encourage foreign investment.

Setting the Stage for Business & Job Growth

Our business development efforts reaped rewards for New Yorkers in 2022. Our teams work with domestic and foreign businesses, colleges and universities, and major nonprofit organizations to create the right conditions for businesses to grow, driving job creation for everyday New Yorkers.

In April 2022, JetBlue hosted a jobs fair at JFK Airport, where the company hired 1,000 people on the spot. This recruitment surge followed on the tails of JetBlue’s decision in 2021 to keep its headquarters in NYC—the result of a significant retention effort by our Business Development team. Over the course of 2022, JetBlue went on to hire 5,000 people into wellpaying jobs.

We’ve been increasing the footprint of a range of industries. Leading into 2022, biotech company RegenLab opened a manufacturing hub at the Brooklyn Army Terminal, a move that will bring 150 jobs; edtech company Amplify expanded to DUMBO, bringing 175 jobs; Tacombi, a tortilla manufacturer, opened in Sunset Park, bringing 90 jobs; Roanwell Corp., a tech manufacturer, kept its 55 jobs in the South Bronx; and in Midtown, Urban Hawker, a Singaporean food hall, brought 100 jobs.

And we work to attract global brands, like Beam Suntory, a joint venture of Suntory and Jim Beam, which established its global headquarters in NYC in 2022.

Driven by Data

A big part of strengthening confidence in NYC as a business environment is painting a clear picture of the state and direction of the economy. Drawing on the work of our in-house Economic Research & Policy group, NYCEDC publishes monthly reports on

190K+

people were employed through NYCEDC projects at the end of fiscal year 2022.

the data that we track most closely to measure the strength of the city’s economy. From labor statistics to sector trends to real estate occupancy, our monthly reporting helps shape our own work toward an inclusive recovery—and we share it to help guide the decisions of industry leaders, companies, thought leaders, and others in the city’s business community.

As one of the world’s greatest global cities, New York will provide a unique environment to help us accelerate our premiumization strategy and growth plans.

-Albert Baladi, President & CEO, Beam Suntory

The Return of Cruise

The cruise industry is a crucial part of New York City’s economy, driving tourism and supporting thousands of jobs across the city in the maritime, tourism, and entertainment sectors. While the COVID-19 pandemic took its toll on the industry, cruise is making its way back in NYC. The Brooklyn and Manhattan Cruise Terminals, both managed by NYCEDC, are projected to reach or exceed pre-pandemic levels with 1.2 million passengers in 2023, a 500,000 increase over 2022.

A testament to the industry’s return, in December 2022, MSC Cruises, the world’s third-largest cruise brand, announced new year-round service from NYC, an expansion that will increase the number of passengers in the city by 20 percent, and generate more than $100M in local spending.

1.2M+ passengers projected at the Manhattan and Brooklyn Cruise Terminals in 2023

Our administration is committed to building a ‘New’ New York— a safer, fairer, and more prosperous city that will continue to adapt and thrive throughout the 21st century… this plan lays out a clear vision for coordinated city, state, nonprofit, and private sector action.

-Eric Adams, Mayor, NYC

Making New York Work for Everyone

Convened in May by Mayor Adams and Governor Hochul, the “New” New York Panel spent the next

six months creating a set of 40 proposals to make New York City the best place to work and serve as a roadmap for the city’s future. The Mayor and Governor announced these proposals in December 2022 as the Making New York Work for Everyone Action Plan.

Making New York Work for Everyone is not just a recovery plan, but a vision for the future of New York City. I look forward to working with the broad and growing coalition of partners that this effort has brought together to build a stronger city that works for every New Yorker.

-Maria

Torres-Springer, Deputy Mayor for Housing, Economic Development, and Workforce

Growing Innovation Sectors, Focusing on Equity

Growing innovation sectors with a focus on equity means ensuring that industries critical to our city’s current and future economy are succeeding, that more good jobs in these priority industries are available and accessible to all New Yorkers, and that diverse entrepreneurs and minority-owned small businesses are thriving.

We achieve this by directly investing in innovation and job growth in these industries, through grants, loans and tax incentives; through capacity-building programs for M/WBE contractors; and through workforce development programs with a focus on partnerships with the City University of New York, Department of Education, and a wide array of service providers.

Opportunities for Diverse Tech Entrepreneurs

The Venture Access NYC Founder Fellowship, a new program to support a diverse community of tech entrepreneurs, kicked off in February 2022, with eight companies selected for the inaugural cohort. The fellowship provides tech startup founders from underrepresented backgrounds with access to networking, fundraising, mentorship, business development, and other opportunities to build and scale their companies in NYC. Later in the year, with the support of Mayor Adams, we announced the second installment of the fellowship, expanded with

The LifeSci NYC Internship Program

a $1.5M investment from the City. The expanded program is supporting 100 tech founder teams in 2023.

Since its inception in 2017, our LifeSci NYC Internship Program has placed over 500 interns in this innovative internship program to develop the city’s next generation of life sciences leaders. The program continued strong in 2022, giving a new cohort of undergraduate and graduate students quality experience while providing host companies with diverse talent and support. Many of the program’s alumni have gone on to jobs at top life sciences companies in NYC.

500+ interns have been placed with host companies since the LifeSci NYC Internship Program started in 2017.

I’m honored to have the opportunity to scale our company’s efforts and help more underrepresented New Yorkers launch amazing tech and data careers.

-Lateesha Thomas, Co-Founder and CEO, Onramp, 2023 Founder Fellow

This program will make a real impact on the next generation of tech innovators and entrepreneurs in New York City.

-Fernando Montejo, Initiatives, NYCEDC

Equity in Offshore Wind

With the City’s $191M investment in the offshore wind industry came an opportunity not only for the future of green energy in NYC, but for future equity in the workforce of this growing industry. In November, we joined Equinor—future operator of the offshore wind port at South Brooklyn Marine Terminal—in announcing the Offshore Wind Ecosystem Fund, a $5M grant program to support sustainable growth, workforce development, empowerment of

underserved communities, and climate justice in the city’s offshore wind ecosystem. The fund will provide grants for job education and training, and access to workforce and small business opportunities.

A month later, we announced the development of the Rossville Municipal Site on Staten Island into an offshore wind port, drawing on up to $70M of our $191M investment. The site will include State funding for the College of Staten Island to help train the next generation of professionals for offshore wind careers.

Beyond the environmental and climate impacts, offshore wind creates an opportunity for major economic impact. And we’re building the industry in a way that leads with equity.

-Nse Esema, Smart & Sustainable Cities, NYCEDC

NYCEDC is well positioned to respond in times of crisis. We have some of the most incredible public servants here, able to be nimble and respond quickly; a plethora of real estate that we can tap into; and strong ongoing relationships with agencies and communities.

-Sabrina Lippman, Portfolio Management, NYCEDC

A Future Health & Life Sciences Hub

In October, Mayor Adams and Governor Hochul unveiled a plan for a first-of-its-kind job and education hub for growing the health and biotech sectors in New York City.

The Science Park and Research Campus (SPARC) Kips Bay will help prepare NYC students for jobs of the future in the growing and essential fields of life sciences, healthcare, and public health. The campus will bring together three CUNY schools—a two-year community college, BMCC; a four-year college, Hunter School of Nursing; and a graduate school, the School of Public Health; as well as a DOE high school—all focused on public health and biotech, to support local training institutions in connecting local talent to careers.

SPARC Kips Bay is a public-private partnership with CUNY and DOE that will cultivate the next generation of the scientific research and healthcare workforce, anchored by new, modern facilities for over 4,500 students.

The campus will generate approximately $25B in economic impact to the city over the next 30 years, and is part of NYCEDC’s work supporting and growing NYC’s life sciences industry—work done through the City’s $1B LifeSci NYC initiative—to create 40,000 jobs over the next 10 to 15 years.

CUNY + DOE: A Public Education Pipeline

A truly inclusive economy can’t happen without robust and sustainable career pathways for New Yorkers of all backgrounds across sectors. Naturally, the city’s public education system is vital to this effort. In addition to SPARC, we joined CUNY in September to announce one such industry partnership: Through $4M in City funding, six CUNY colleges—Kingsborough Community College, Baruch College, Bronx Community College, City Tech, LaGuardia Community College, and Lehman College—will be equipped to train the next generation of professionals for climate-smart careers. The funding will go to a variety of programs including training students in electric vehicle repairs and creating built-environment and green-energy solutions courses, as well as a new offshore wind industry curriculum.

1,000 participants in NYCEDC/CUNY programs in 2022/2023

Building Neighborhoods Where People Live, Learn, Work, and Play

Building neighborhoods where people live, learn, work, and play means shaping the growth of industry clusters and business districts, bringing jobs closer to where people live, and making sure our neighborhoods serve all New Yorkers’ needs.

The Brooklyn Army Terminal (BAT) is our modern manufacturing campus on the Sunset Park waterfront. Home to 100+ businesses and 4,000+ employees, BAT is an ecosystem of companies in traditional and advanced manufacturing, food and fashion, film/TV/media production, biotech, climate tech, and more.

We do this by delivering more spaces that bring jobs and essential services, and by strategically developing our properties to drive new business activity.

4,000+

people are employed at the Brooklyn Army Terminal.

For the Future of Hunts Point

Home to one of the largest wholesale food distribution centers in the world, a thriving Industrial Business Zone, and a diverse community, Hunts Point in the Bronx is vital to the future health of NYC’s economy. To help guide this future, following a year of deep community engagement, we released the Hunts Point Forward Vision in June, a comprehensive plan to create economic opportunity and improve quality of life in the South Bronx neighborhood.

The plan is backed by an initial $40M commitment from the Mayor, and outlines a 15-year vision shared by the City and community with more than 70 recommendations to create jobs, improve public safety, enhance community health and access to healthy food, promote environmental justice, and

deliver upgrades to open space, transportation, and other key community infrastructure.

Then in September, Senator Schumer and Congressman Torres announced a $110M grant from the US Department of Transportation to help redevelop the Hunts Point Produce Market, an effort in partnership with the Hunts Point Produce Market Coop, the Teamsters, and officials at the City, State, and local levels. This federal investment is on top of the $130M investment the Mayor announced at the launch of the economic recovery blueprint in March 2022, and the recent $130M included in the State’s FY24 budget. Turning the center into a modern, resilient distribution hub is a crucial step in securing the economic future of Hunts Point and its role in the city’s food supply chain.

Commercial Growth in Emerging Districts

In April 2022, we kicked off the first phase of the CARE strategy (City Agencies Revitalizing the Economy), a strategy to utilize City offices to stimulate business growth in emerging commercial hubs. The first of these to break ground, at Broadway Junction in East New York, will result in the largest-ever commercial building in the area and include space for local businesses. The CARE strategy delivers on a key component of the Mayor’s economic blueprint.

Together for Kingsbridge

In November, we announced “Together for Kingsbridge,” a deep engagement process to determine local community priorities for the successful redevelopment of the Kingsbridge Armory in the Bronx. This marks a major step forward for the Kingsbridge community, as we craft a path for the future redevelopment of the Armory that will provide new jobs, investments, and benefits to the neighborhood.

This is a process to engage the local community on their priorities for a viable and transformative project that can bring long-term economic benefits to the Bronx.

-Fernando Ortiz, Government & Community Relations, NYCEDC

Opportunity in Willets Point

The City blazed an exciting path for the future of Willets Point in Queens, one that will bring long-term economic opportunity to a community that has long been underserved. NYCEDC joined Mayor Adams in November to announce an expanded vision to bring the city’s largest 100% affordable housing development since the 1970s, public open space, permanent and construction jobs, and, overall, $6.1B

in economic impact to NYC over the next 30 years. All of this will build on significant environmental remediation of the contaminated site, plans for a new public school, and critical infrastructure upgrades.

And at the center of these plans will be NYC’s first ever dedicated soccer stadium, the 100% privately financed future home of the New York City Football Club, which, alongside Citi Field and the USTA Billie Jean King National Tennis Center, will solidify Willets Point as the city’s premier sports hub.

$6.1B

The estimated economic impact of the Willets Point development for NYC over the next 30 years

Delivering Sustainable Infrastructure

We work to deliver the infrastructure and buildings New York City needs not just today, but also for the challenges ahead—to make our city more efficient for people and businesses, to make the places where we live and work more resilient to climate change, and to ensure New Yorkers can access and enjoy essential parts of their communities.

A Future Offshore Wind Hub

Standing at the Sunset Park waterfront in March 2022, we joined the Mayor for one of the biggest milestones to date in the city’s growing offshore wind industry: the announcement of the deal to transform the South Brooklyn Marine Terminal into one of the largest offshore wind port facilities in the nation. To be operated by international energy company Equinor and partners, the port will serve as a hub for offshore wind operations and maintenance, as a job creator and investment in workforce training for a diverse pool of local candidates, and as a key part of the city’s nation-leading climate goal to reach 100 percent clean electricity by 2040.

The offshore wind port will take its place in the rich industrial landscape of Sunset Park, which includes the modern industrial campus of the NYCEDCmanaged Brooklyn Army Terminal and the Made in New York Campus at Bush Terminal.

To do this, we deliver green infrastructure to help mitigate the effects of flooding, resilient buildings for critical services, and open space for a less car-centric city. Beyond that, we play a key role in planning how people and goods get around, and in transitioning the city to green energy.

Following the announcement in March, the year held several other major steps for offshore wind in NYC: the convening of an advisory council to help center environmental justice communities in the industry, the release of an RFI to catalyze offshore wind innovation, the selection of a developer for a port and manufacturing facility on the West Shore of Staten Island, and an offshore wind and maritime career fair to expose high school students to future opportunities. All told, 2022 will prove to have been a foundational year for growing the offshore wind industry in NYC.

2.4M

homes will be powered by the energy produced through NYC’s offshore wind projects in development.

Advancing Greenways

NYCEDC’s continuing work growing the city’s greenways moved forward in 2022 both citywide and locally. To start the year, the East Midtown Greenway saw the installation of its pedestrian and bicyclist bridge over the FDR Drive at 54th Street. In August, the city received a $7.25M federal grant to plan for a major expansion of the greenway network across the five boroughs, with a focus on historically underserved, lower-income communities. And to close out the year, in December, we cut the ribbon on the new recreational deck at Pier 42 on the Lower East Side, featuring a soccer field, tennis courts, halfbasketball courts, and more for the community.

Record Year for Inclusive Building

Last year was a record year for our efforts to support minority- and women-owned businesses (M/WBEs) in securing construction contracts. 38.5% of our awards

went to M/WBE contractors, totaling $310.7M—our highest value of awards to M/WBEs ever in a single fiscal year. And to further build the capacity of M/WBE contractors, we expanded our ConstructNYC program into growing sectors like offshore wind and green building.

$310.7M

in awards to M/WBE contractors in FY 22

A Net-Zero Library

Not only did the grand opening of the NYPL Charleston Library bring a beautiful new community resource to Staten Island’s South Shore, it also marked an environmental “first” for a library in New York City. The branch is the city’s first net-zero energy library, meaning it produces as much energy as it consumes.

Most people think about greenways as travel corridors, but they also increase public access to New York City’s waterfront, and they serve as resilient infrastructure. Their impact across neighborhoods is really great.

-Lena Ferguson, Neighborhood Strategies, NYCEDC

Water Freight Upgrades & Greening the Last Mile

Increasing the use of the city’s waterways will spur the transformation of commercial transport— resulting in a greener city with reduced congestion and pollution. In October, NYC was awarded a $5M+ grant from the US DOT Maritime Administration, secured by NYCEDC, to upgrade six landings in New York Harbor to enable the sites to accommodate maritime freight. The upgrades will include floating platforms to secure vessels and allow for unloading via crane, hand truck, “eBike,” or motorized vehicle. The project builds off NYCEDC and NYCDOT’s Blue Highways pilot program, which encourages the use of sustainable last-mile delivery solutions.

Naquan Sanders has been with NYC Ferry since 2017 and now serves as captain of one of the fleet’s vessels. Naquan’s path to becoming a NYC Ferry captain began in high school, when he was a student at the NY Harbor School, a public high school on Governors Island focused on marine science and technology.

The Harbor School gave me the foundation that allowed me to come to NYC Ferry, to blossom and become the captain I am today.

-Naquan Sanders, Captain, NYC Ferry

NYC Ferry Forward

Charting a new course for NYC Ferry, the Mayor launched NYC Ferry Forward last summer, the vision for a more equitable, accessible, and fiscally sustainable citywide ferry system. The plan includes an expanded discount program with reduced-fare rides for seniors, people with disabilities, and lowincome riders; as well as a new, progressive fare structure and free trip vouchers and expanded outreach to NYCHA residents. All of this will enable NYC Ferry to continue connecting millions of New Yorkers to jobs, schools, recreation, and our waterfront communities.

A Five-Borough System

The NYC Ferry system provides safe, dependable, affordable, and accessible transit across the five boroughs.

6 Routes 25 landings

6M+ annual riders

Building for Public Health

In July, we took part in the groundbreaking on the new NYC Public Health Laboratory (PHL), which will be located next to the Harlem Hospital complex on 137th Street. We’re managing the construction on what will be a cutting-edge facility for protecting and promoting the health of all New Yorkers and keeping the city at the forefront of disease response and investigation. Located across from Bellevue Hospital since the 1960s, PHL was the world’s first municipal bacteriology lab and played a huge role in the pandemic response, along with past health crises. This new lab will offer scientists the tools and resources needed to identify future health threats.

Two projects highlight the undeniable benefit of combining resilient infrastructure with public health. In East Harlem, we broke ground on a new floodprotection system at NYC Health + Hospitals/ Metropolitan. The protective measures will prevent future flood waters from reaching the hospital,

minimizing damage and allowing the facility to recover and resume operations quickly after storm events.

And in South Brooklyn, we celebrated the opening of the Ruth Bader Ginsburg Hospital at NYC Health + Hospitals/Coney Island. The state-of-the-art facility— whose construction was managed by NYCEDC— features a storm-resilient design, a flood-proof emergency department, private patient rooms, and modern equipment to serve South Brooklyn and its neighboring communities.

2,200+ jobs were created across our construction portfolio in 2022.

Looking Ahead in 2023

With 2023 well underway, so much of the work in this report has been continuing full-steam ahead, with major milestones in the coming year and beyond.

Sustainable Biotech

A new effort to make NYC the global center of sustainable biotechnology will leverage the life sciences and biotechnology industries to address climate change and meet the City’s carbon-neutral goals. The initiative will push the frontier of modern science to make biology the basis for new solutions and innovations across a variety of core industries, including food and agriculture, materials, and energy.

To date, the initiative is anchored by two core investments: an upcoming first-in-the-nation incubator at Brooklyn Navy Yard—funded with $20M from the LifeSci NYC initiative—to support the growth of sustainable biotech startups and companies; and an RFEI for an operator to open a new hub for materials science innovation focusing on early-stage companies.

Cannabis Loan Fund

The Cannabis Loan Fund will support Social and Economic Equity Applicants (SEAs) by providing flexible capital at low interest rates to early-stage cannabis businesses. These loans will be coupled with a technical assistance program and customized entrepreneur training to set up SEA-owned businesses for success.

But the year also holds exciting new work we’re getting off the ground—across industries, needs, and neighborhoods. This emerging work includes:

Cyber Internships

In March, we launched the Cyber NYC Internship Program, which will prepare New Yorkers from diverse backgrounds for good jobs in the cybersecurity field. Through paid internships at NYCbased cyber companies, the program provides handson training, networking, and real-world experience to interns—creating equitable career and employment pathways that meet the growing industry demand.

MiNY Moving Forward

Stay tuned for a big year at the Made in NY Campus in Sunset Park, with the opening of the new modern industrial campus and ground-breaking on a film and media production facility. The campus will advance diversity and equity across industries and create thousands of jobs.

Coastal Resiliency

In the coming months, we’ll be ramping up public engagement around the Financial District (FiDi) and Seaport Climate Resilience Master Plan, a shared City-community vision for a resilient 21st-century waterfront. This vision responds to the increasing hazards posed by climate change, while transforming the waterfront to better serve all New Yorkers for generations to come.

How we measure success going forward will be as we have over the past year: through the jobs created, acreage transformed, startups supported, and infrastructure improved—but also by the groundwork we lay now for future lasting impact for the people and neighborhoods of New York City.

-Andrew Kimball, NYCEDC President & CEO

New Yorkers Working for New Yorkers

We’re an organization of New Yorkers—diverse in our backgrounds, experience, and expertise—like the city we represent. We’re 500+ urban planners, asset managers, marketers, lawyers, accountants, journalists, community developers, real estate professionals, engineers, policy analysts, and more—all working toward shared goals for the people of New York City.

500+ Employees from around NYC

70% of NYCEDC executive leaders are women.

48% of NYCEDC executive leadership is diverse.

Our Leadership

Andrew Kimball, President & CEO

Margaret Anadu, Board Chair

President’s Office*

Jamie Horton, Director of Special Projects

Meredith J. Jones, General Counsel

Joshua Kraus, Chief Infrastructure Officer

Cecilia Kushner, Chief Strategy Officer

Jennifer Montalvo, Chief of Staff

Jeanny Pak, Chief Financial Officer

Melissa Román Burch, Chief Operating Officer

Shehila Stephens, Director of Community Impact

Rosa Vasquez, Chief People Officer

Executive Staff*

Elizabeth T. Arnaiz, AIA, Capital

Bernice Clark, External Affairs

Brinda Ganguly, Strategic Investments Group

Spencer Hobson, Treasurer, Finance

Hester Muis, Real Estate Transaction Services

Faye Penn, Initiatives

Francisco X. Pineda, Asset Management

Jennifer Sun, Planning

Jennie Wallace, Internal Audit

James Wong, NYC Ferry

Board of Directors*

Shirley Aldebol

Paula Roy Carethers

Eric A. Clement

Costa Constantinides

Dr. Héctor R. Cordero-Guzmán

Mitchell Draizin

William S. Floyd

Adam Friedman

Matthew Hiltzik

Andrew Kimball

DeWayne Louis

James McSpiritt

Morris Missry

Ngozi Okaro

Patrick J. O’Sullivan, Jr.

Janet Peguero

Anthony Perez

Mark E. Russo

Joseph Shamie

Charles Tebele

Jeff Thamkittikasem

Maria Torres-Springer

Elizabeth Velez

Betty Woo

Kathryn S. Wylde

*As of May 2023