Capalino+Company’s Latest Business Opportunities:
- Brooklyn Navy Yard Development Corp.
– Security Consulting Companies to Assess BNYDC Security Policies+Procedures
- NYC Department of Transportation
– Install+Remove Street Lighting Equipment at Traffic Signal Intersections Citywide
- NYC School Construction Authority
– Science Lab Upgrades for Young Woman’s Leadership School (HS 568) and IS 117, Bronx
- NYC Department of Parks and Recreation
– Construction of Adult Fitness Equipment, Misting Station+Reconstruction of Synthetic Turf Ballfield
Located at Caton Avenue and Stratford Road in the Parade Ground, Brooklyn
- State University of New York
– Operate Campus Store Services at Stony Brook University
- Brooklyn Navy Yard Development Corp.
Please see the full list of Request for Proposals recently issued by City government below:
August 11, 2017- Resident Engineering Inspection Services for the Installation of High Level Storm and Combined Sewers in 229th St. and 230 Pl. Between 145th Ave. and 147th Ave.; Etc., Southeast Queens, Laurelton Area, Phase 1.
Pin number: 8502017RQ0042P
August 11, 2017- Along Aqueduct Avenue between West 180th and West 181st Streets, in Aqueduct Walk, Borough of the Bronx. Contract X001-114M
This procurement is subject to participation goals for MBEs and/or WBEs as required by Local Law 1 of 2013. The Cost Estimate Range: $1,000,000.00 to $3,000,000.00.
Pin number: 84617B0146
August 14, 2017- NYC Health and Hospitals was awarded a New York State Department of Health capital grant through the Delivery System Reform Incentive Payment (DSRIP) Program to design, install and deploy the technology infrastructure platform which will create a common system across the Participating Provider System (PPS) and enable partners to define, understand, engage and track patient populations and measure and track processes over time.
Pin number: 07242017
August 14, 2017- Located at 18-48 Cornaga Avenue, Borough of Queens. Contract Q446-116MA. The Cost Estimate Range is $500,000.00 to $1,000,000.00.
Pin number: 84617B0118
August 15, 2017- located East of the Lake between Crotona Avenue and Crotona Park East, in Crotona Park, Borough of the Bronx. The Cost Estimate Range is $1,000,000.00 to $3,000,000.00
Pin number: 84617B0153
August 15, 2017- Please contact Mark Thompson.
August 16, 2017- Located at West 173rd Street and Amsterdam Avenue in Highbridge Park, Borough of Manhattan. The Cost Estimate Range: $1,000,000.00 to $3,000,000.00.
August 17, 2017- Please contact Mark Thompson.
August 17, 2017- SUNY Cortland is requesting information from mascot costume manufacturers. This RFI is intended to gather information that could assist the college in developing a Request for Proposal.
August 17, 2017- Operation and maintenance of the year-round tennis professional concession in historic Bethpage Sate Park in Farmingdale, NY, including the operation of a Tennis Pro Shop, development and management of a junior tennis program, tennis instruction, court rental, promotion of tennis activities (leagues, clinics and tournaments), and the sale and rental of tennis equipment and related merchandise. Proposals are invited to include new capital projects, such as the development of enhanced or relocated tennis and multi-sport courts/facilities.
Due date: 08/17/2017 2:00 PM
Contract term: Minimum 10 yrs; Maximum 20 Years
August 17, 2017- Consultant will create a smartphone app that will connect riders on Amtrak and Metro North Hudson River trains to the region’s history and resources right outside their windows. This GPS enabled app will use geo-fences to provide on the fly and customizable interpretation of the valley’s resources and serve as a jumping off point to experience the parks, trails, historic sites, cultural designations and historic downtowns within the Hudson River Valley National Heritage Area. The app will be available for download to mobile devices. The app must work on both northbound and southbound Hudson River trains and highlight points of interests from the moment a northbound train pulls out of the Park Avenue tunnels in New York City all the way to the Rensselaer Train Station or on a southbound train between the same locations. Project will build on a printed booklet produced by the HRVNHA called “Windows on History” and other previously developed materials and narratives. Project will be scalable and expandable over time via content uploads that can be performed by NHA staff.
Total MWBE Participation Goals: 30%
August 23, 2017- The New York City Economic Development Corporation (NYCEDC) acting on behalf of New York City and in partnership with the New York City Department of Parks and Recreation (NYCDPR) and the New York City Department of Transportation (NYCDOT), requests proposals for engineering and landscape architectural design services for preparing all analyses, surveys, designs, permit applications and related documents for the development of a portion of the East Midtown Waterfront Project, the East Midtown Greenway – 53rd to 61st Streets along the East River in Manhattan, NY. The design of East Midtown Greenway will consist of repurposing existing caissons and design of a new structure to support a pedestrian esplanade, landscaping, construction of walkways, waterfront fencing/railings, lighting, utility improvements, and structures for the connection of a new esplanade to the Andrew Haswell Green Park and a pedestrian bridge at East 54th Street.
NYCEDC plans to select a consultant on the basis of factors stated in the RFP which include, but are not limited to: the quality of the proposal, experience of key staff identified in the proposal, experience and quality of any subcontractors proposed, demonstrated successful experience in performing services similar to those encompassed in the RFP and the proposed fee.
It is the policy of NYCEDC to comply with all federal, state and City laws and regulations which prohibit unlawful discrimination because of race, creed, color, national origin, sex, age, disability, marital status and other protected category and to take affirmative action in working with contracting parties to ensure certified Minority and Women-owned Business Enterprises (MWBEs) share in the economic opportunities generated by NYCEDC’s projects and initiatives. Please refer to the Equal Employment and Affirmative Compliance for Non-Construction Contracts Addendum in the RFP.
This project has Minority and Women Owned Business Enterprise (“M/WBE”) participation goals, and all respondents will be required to submit an M/WBE Sub-Contractors Participation Plan with their response.
August 23, 2017- The New York City Department of Education (NYCDOE) seeks providers of professional learning services for arts education. Professional learning services for arts education will support DOE teachers and administrators in successfully implementing standards-based arts education as outlined in the New York City curriculum Blueprints for Teaching and Learning in the Arts as well as provide services that will support teaching and learning in the various art forms: visual arts, dance, music, theater, and the moving image. The NYCDOE is also seeking proposals from individuals and/or organizations able to provide services to help schools address and overcome the barriers to providing arts education which include budgeting, instructional programming, and scheduling. M/WBE please contact Tunisha W. Walker.
Pin number: R1180040
August 29, 2017- Located at Caton Avenue and Stratford Road in the Parade Ground, Borough of Brooklyn.
August 30, 2017- Please contact Mark Thompson.
September 7, 2017- The Faculty Student Association of Stony Brook University will be issuing a Request for Proposals (RFP) for proposals to operate Campus Store Services on July 31, 2017. A mandatory Bidders’ Conference will be held on August 14, 2017. If you are interested in submitting a proposal you must immediately contact Donna Klingel at (631) 632 9829 or CampusStores_RFP@stonybrook.ed
Minority Owned Sub-Contracting Goal: 16%
Women Owned Sub-Contracting Goal: 14%
September 8, 2017- Brooklyn Navy Yard Development Corporation (“BNYDC”) is seeking proposals from qualified Security Consulting Companies to assess our current security policies, procedures and staffing. The successful Company will perform a comprehensive review of the BNYDC security operations to identify deficiencies and provide specific recommendations for improvements. Based on the assessment the Company shall develop a detailed Security Master Plan for BNYDC.
The Brooklyn Navy Yard, often referred to as the Yard, is a mission-driven industrial park that is a nationally acclaimed model of the viability and positive impact of modern, urban industrial development. The Yard is now home to over 330 businesses employing more than 7,000 people and generating over $2B per year in economic impact for the City. Building on the Yard’s history as the economic heart of Brooklyn, the 300-acre, waterfront asset offers a critical pathway to the middle class for many New Yorkers.
The Brooklyn Navy Yard Development Corporation (BNYDC) is the not-for-profit corporation that serves as the real estate developer and property manager of the Yard on behalf of its owner, the City of New York. BNYDC constantly strives to provide an environment in which businesses and careers can take root and grow. Industrial users are BNYDC’s highest priority.
The Brooklyn Navy Yard was once one of the nation’s most storied naval shipbuilding facilities that for over 150 years built and launched America`s most famous fighting ships, including the USS Maine, USS Arizona, and USS Missouri. The Yard also served as an important point of passage, home, and workplace for countless veterans as they served our country. Through its public programming, the Yard continues to honor and preserve this rich history.
Pin number: 000136
September 11, 2017- Governor Cuomo’s Reforming the Energy Vision (REV) initiative will provide New York State consumers and communities with new opportunities to participate in their energy future by enabling the deployment of distributed energy resources (DER), such as community solar projects. While these opportunities will provide consumers and communities with greater control over how they consume and source their energy, LMI communities and EJ areas often lack the technical expertise and financial resources to plan for, develop, and implement a community-scale clean energy project, preventing these communities/areas from fully benefiting from the opportunities provided by REV and necessary to realizing its success.
Through REVitalize, NYSERDA seeks to bridge the gap in access to clean energy solutions for LMI communities and EJ areas by supporting the planning of community-scale clean energy projects that benefit LMI communities and EJ areas through two primary components:
- Provide funding through this solicitation to community-based organizations (CBOs) that provide services or otherwise represent LMI communities or EJ areas to aid the planning and development of a community-scale clean energy project.
- Develop best practices for planning a community scale clean energy project through the creation of toolkits to overcome knowledge gaps and accelerate the timeline from project planning to implementation. NYSERDA will provide draft toolkits to the projects selected through the RFP to test and refine throughout the project planning and development process. The toolkits will then be made available to community-based organizations across the state.
With a funding award under REVitalize, NYSERDA expects to foster the CBOs’ knowledge and technical understanding to accelerate the project planning and development process and achieve the following goals:
- encourage a grass roots approach to community energy planning that integrates considerations for a community’s energy needs;
- develop a replicable framework for conducting LMI community energy planning, focused on a cornerstone community-scale clean energy project;
- create templates and toolkits to aid in the project planning process and facilitate best practice adoption statewide;
- identify innovative models for community ownership and finance of DER, which can be applied to similar community-scale energy projects; and
- boost the ability of community-based organizations to carry out local clean energy priorities in the context of REV-enabled programs and projects.
Funds awarded under this RFP can be used by CBOs to procure technical assistance to address key planning and development issues such as identifying successful models of community engagement, site selection, identifying ownership and finance structures, customer enrollment, and mechanics for the allocation of benefits. The planning and development process from REVitalize projects will be used to foster technology transfer and replication of processes in similar communities so that best practices are scaled statewide. To ensure that the REVitalize funds are used most effectively, NYSERDA will prioritize funding to proposals that are able to demonstrate that initial community energy planning activities have occurred.
September 15, 2017- Program Opportunity Notice (PON) 3582, Manufacturing Corps (M-Corps) Pilot Program, sseeks proposals to establish partnerships in New York State focused on overcoming the challenges of product manufacturing for clean technology startup companies.
The Manufacturing Corps (M-Corps) Pilot Program aims to provide operational and programming support to organizations offering services to manufacturers that accelerate the time it takes to move from a prototype to a commercial product. Selected awardees will develop curriculum and milestones for manufacturers, cleantech hardware startup founders and the organizations that support them, including: incubators, proof of concept centers, universities, and independent non-profits. Proposals will be evaluated based on: program innovation and impact, utilization of existing institutional resources and regional assets, and collaboration with partners.
The funding opportunity seeks activities designed to better prepare hardware startup companies and manufacturers for the challenges of working together to mobilize the manufacture of cleantech hardware in New York State. Funds will be awarded to establish and implement one or more M-Corps pilot programs that provide regional coverage in New York State. Up to $4,000,000 of NYSERDA funding is available through this M-Corps Pilot Program. This M-Corps funding is intended to cover approximately 24 months of services. Future M-Corps funding may be available. Future solicitations, if deemed appropriate, will utilize the learnings from this pilot to provide services across the State over a period of years.
September 15, 2017– Please contact Mark Thompson.
September 22, 2017- The Agency is seeking an appropriately qualified vendor to provide procurement, licensing and implementation services, including cabling services and electrical work, for VoIP equipment, accessories and network infrastructure hosted by the Department of Information Technology and Telecommunications (“DoITT”).
Pin number: 85817P0001
December 28, 2017- NYSERDA supports the growth of the energy storage portfolio in New York State. Despite advances in storage technology, several technological challenges still exist including high hardware costs, suboptimal system performance (efficiency, life cycle and thermal stability), and insufficient integration field testing with the grid and other applications. These barriers continue to hinder and effect the growth of energy storage deployment.
As a result, NYSERDA is seeking proposals to develop and field test innovative energy storage systems focused on:
- Hardware (including balance-of-system hardware) cost reduction.
- Performance improvements (efficiency, energy and power density, and thermal stability), for NY-specific applications’ duty cycles (e.g., building demand response, electric vehicle charging, solar photovoltaics (PV), and large-scale wind farming).
- Load-side and generation-side field testing of new energy storage technologies to reduce peak load, store and reuse solar PV and wind energy to aid firming up these resources, and provide ancillary services.
NYSERDA is employing a two-step application process for this solicitation. All proposers must initially submit a four-page concept paper using the Concept Paper Template provided in Attachment A. The Concept Paper should provide a concise overview of the proposer’s energy storage innovation. The Concept Paper will be reviewed and scored by a scoring committee based on the Evaluation Criteria in Section IV. If favorably reviewed, proposers will then be invited to submit a full proposal.
Funding: Two rounds of this solicitation are anticipated for 2017. The total available funding through Dec. 31, 2018 is $6,300,000. Up to $1,825,000 will be committed by Dec. 31, 2017 and the remaining funds will be committed during Round 2.
Details. Proposers are encouraged to visit the Clean Energy Fund section of the NYSERDA website (https://www.nyserda.ny.gov/cef) and review the Renewable Optimization Chapter of the Clean Energy Investment Plan, which is associated with this solicitation. All documents associated with this solicitation and required details are below.
OPMC-MEO517- Medical Experts provide the medical expertise necessary for the successful investigation and prosecution of professional medical conduct cases. Their duties include reviewing patient records, researching current medical standards, writing opinions, providing guidance to staff, reviewing physician interviews, consulting with staff attorneys and providing expert testimony at State Board for Professional Medical Conduct Administrative Hearings.
Proposals Continuously Accepted- Medical Coordinators provide professional medical consultation for the Office of Professional Medical Conduct. Their duties include reviewing professional medical conduct cases and patient records and conducting interviews with physicians either under investigation or on probation. Positions are filled throughout the year as needed by specialty.
June 28, 2018-New York City Economic Development Corporation (NYCEDC) is seeking qualified firms to construct infrastructure and resiliency improvements estimated at ~$173 million at four NYC Health and Hospitals (H+H) facilities: Bellevue Hospital (Manhattan), Coler Rehabilitation and Nursing Care Center (Roosevelt Island), Coney Island Hospital (Brooklyn) and Metropolitan Hospital (Manhattan). In October 2012, each facility suffered extensive flood damage as a result of Hurricane Sandy. Since then, each hospital has temporarily restored the damaged areas and, working with the Federal Emergency Management Agency (“FEMA”), have developed plans to mitigate damage from future storms and flooding.
NYCEDC, as the lead of an interagency team, is now focused on completing priority mitigation projects at these four facilities. This initial work will make existing facilities more resilient and protect against future disasters. Once complete, these initial projects will further the City’s resiliency goals and ensure that these public hospitals have the necessary safeguards in place to operate during a storm and mitigate damage and power loss.
NYCEDC plans to prequalify firms on the basis of factors stated in the RFQ which include, but are not limited to: the firm’s demonstrated experience and expertise in the particular trade for which the firm is submitting its qualifications; the firm’s record regarding accidents and lost work days on construction projects; and the firm’s resources available for the Project.
NYCEDC and H+H will be contracting with multiple design and engineering firms for all contract documents associated with the Services. The Construction Management firm (CM) will provide construction management services for the Project, including holding all construction subcontracts for the Project.
December 31, 2019– The City of New York Department of Housing Preservation and Development announces the availability of $11,800,000 in funding for the acquisition and preservation of affordable housing south of, and including properties on, East/West Houston Streets, bounded by the Hudson and East Rivers in Lower Manhattan to applicants who are funded pursuant to a Request for Qualifications issued by HPD (“RFQ”).
The purpose of the Lower Manhattan Acquisition Program is to preserve residential housing with apartments affordable to low-income households.
- Not-for-profit organizations qualified under the RFQ may identify privately-owned residential properties for purchase and long-term ownership in the Lower Manhattan area.
- Eligible buildings are multi-family buildings in the program’s target area, where at least one unit is or will be rented to and affordable to a household earning no more than 80% of the Area Median Income (AMI).
- Up to $125,000 per dwelling unit in acquisition funding may be available to fill the gap between private debt supportable by the acquired property or properties and the acquisition cost. The program funding will be based only on those units that are rented to and affordable to households earning no more than 80% of AMI.
- The program’s target area is Manhattan south of, and including properties on, East/West Houston Streets. (Boundary map is available at the website listed below).
- The program will run until the earlier of the time at which all funding has been exhausted or December 31, 2019.
Request for Qualifications (RFQ):
In order to become qualified for participation in the program, not-for-profit organizations must respond to the RFQ and be found qualified by HPD. Applicants may respond to the RFQ available at the website below. To be considered for qualification, applicants must demonstrate ownership, management and rehabilitation experience, as well as financial strength and stability. Please refer to the RFQ for more information on qualification.
Qualified not-for-profit organizations may submit proposals to request acquisition funding for eligible residential buildings. Proposals will be assessed on both the viability of the project and strength of the applicant’s experience. Proposals will be evaluated and funded on a “first-come, first-served basis” for the duration of the program. The City reserves the right to accept or reject any or all applications received as a result of this advertisement.
All not-for-profit organizations entering into negotiations with building owners must comply with tenant and owner notification procedures in accordance with the federal Uniform Relocation Assistance and Real Property Acquisition Policies Act of 1970. Information about these notification requirements will be provided to pre-qualified non-profits. The Request for Qualifications (RFQ), map of the program area, and additional information about the program are available on HPD’s website: http://www1.nyc.gov/site/hpd/developers/rfp-rfq-rfo.page. Interested parties should forward all requested documentation to the Department of Housing Preservation and Development; Attention of Lower Manhattan Acquisition Program RFQ Coordinator, 100 Gold Street—Room 9-O3, New York, NY 10038; or electronically to HPDPres@hpd.nyc.gov. This program is made possible by a grant from the Lower Manhattan Development Corporation, which is funded through Community Development Block Grants from the U.S. Department of Housing and Urban Development.
Andrew Cuomo, Governor
Bill de Blasio, Mayor
Alicia Glen, Deputy Mayor for Housing and Economic Development
Vicki Been, HPD Commissioner
David Emil, LMDC President
Avi Schick, LMDC Chairman
November 2, 2020- The Department of Homeless Services is soliciting proposals from organizations interested in developing and operating transitional residences for homeless adults and families including the Neighborhood Based Cluster Residence and drop-in centers for adults. This is an open-ended solicitation; there is no due date for submission. Proposals will be reviewed by the Department as they are received and contracts will be awarded on an on-going basis, until the agency’s capacity needs are met. DHS reserves the right to award a contract on the basis of initial offers received without discussion. Contracts will be awarded to responsible applicants whose negotiated offers are determined to be the most advantageous to the City, taking into consideration the price and other such factors and criteria set-forth in the RFP. Contract award will be subject to the timely completion of contract negotiations between the agency and the selected proposer.
It is anticipated that the transitional residence contracts will range from 3 to 30 years including renewal options and depending on the financial terms and conditions.
Pursuant to Section 312 (c) (1) (ii) of the New York City Charter, the Competitive Sealed Bid procurement method is not the most advantageous method because judgment is required in evaluating competing proposals, and it is in the best interest of the city to require a balancing of price, quality and other factors.
Thus, pursuant to Section 3-03 (c) of the Procurement Policy Board Rules, the open ended RFP will be used because the Department will select qualified providers to develop and operate transitional residences in order to address the need to create additional shelter capacity citywide. In addition, this open-ended method will provide interested applicants an opportunity to propose sites for the targeted population, as they become available for shelter development.
All proposers must meet the following minimum qualifications 1) must have a tax exempt status under 501 (c) (3) of the Internal Revenue Code and or be legally incorporated as a for-profit entity; 2) must demonstrate that they have, or can obtain by the contract start date, site control of the proposed Standalone facility location(s); and 3) must demonstrate an intent to enter into lease agreements with the owner(s) or management designee(s) for each property.
Pin number: 07100S003262
May 31, 2022- New York City Economic Development Corporation (NYCEDC) is seeking qualified firms to construct infrastructure and resiliency improvements at Coney Island Hospital. Due its location, the hospital is vulnerable to extreme coastal storms and in October 2012, the facility suffered extensive flood damage as a result of Superstorm Sandy. Since then the hospital has temporarily restored the damaged areas and, working with the Federal Emergency Management Agency (“FEMA”), have developed plans to mitigate damage from future storms and flooding.
NYCEDC, as the lead of an interagency team, is now focused on the Major Work project. The construction of the Coney Island Hospital campus project is currently envisioned to build a new resilient acute care hospital tower to be known as the Critical Services Structure (“CSS”) and to include the following work:
• Provide on-site valet parking for 300 cars
• Demolition of existing buildings, including Hammett Pavilion, Building 6, and various existing site improvements;
• Renovation and selective demolition of 60,000 gross sq. feet including portions of the existing Main Building and Tower Building; and
• Build a new permanent flood mitigation structure (s) (e.g. flood wall) around the campus.
NYCEDC is seeking qualifications for the following types of construction contractors:
• Concrete Contractors • Abatement Contractors • Demolition Contractors • Electricians • Plumbers • Elevator Contractor Scaffolding/Sidewalk bridge • Mechanical – HVAC • Fire Protection • Masonry • Site/Civil Work • Low voltage electrician • Site Fencing • Painting • Carpentry • MEP Insulation • Steel Work • Roofing and Waterproofing • Spray on Fire Proofing • Tile Work • Flooring • Windows • General Contractors • Exterior Façade
NYCEDC plans to select contractors on the basis of factors stated in the RFQ which include, but are not limited to: the firm’s demonstrated experience and expertise in the particular trade for which the firm is submitting its qualifications; the firm’s composition and experience in coordinating and implementing similar projects; the firm’s familiarity with public approvals, permitting and experience working with multiple governmental agencies; the firm’s record regarding accidents and lost work days on construction projects; and the firm’s resources available for the Project. The Services described above will require extensive coordination and collaboration among the Construction Management firm (the “CM”) hired by NYCEDC, the other construction trades working within the Project Site, and the Project Team.
NYCEDC has contracted with NBBJ to lead the design effort for all contract documents associated with the Services. The CM will provide construction management services for the Project, including holding all construction subcontracts for the Project. NYCEDC anticipates that initial projects will be procured in Q1 2017. Design packages will continue to be completed and released periodically with final projects’ anticipated completion in May 2022. NYCEDC will issue advertisements in the City Record and provide a notice on EDC’s procurement website (www.nycedc.com) of forthcoming design packages to be issued by the CM. Once NYCEDC posts an advertisement for a forthcoming design package, firms will have approximately 30 days to provide their qualifications in order to be considered for the prequalified list of firms who will receive the bid package from the CM.
It is the policy of NYCEDC to comply with all federal, state and City laws and regulations which prohibit unlawful discrimination because of race, creed, color, national origin, sex, age, disability, marital status and other protected category and to take affirmative action in working with contracting parties to ensure certified Minority and Women-owned Business Enterprises (MWBEs) share in the economic opportunities generated by NYCEDC’s projects and initiatives.
The HHC Coney Island Hospital Major Work has a Minority and Women Owned Business Enterprises (“M/WBE”) participation goal of 30 percent. Companies who have been certified with the Empire State Development’s Division of Minority and Women’s Owned Business Development as M/WBE are strongly encouraged to apply to this RFQ. To learn more about M/WBE certification and NYCEDC’s M/WBE program, please visit http://www.nycedc.com/opportunitymwdbe. An optional informational session will be held on Tuesday, November 22, 2016 at 11:00 am at NYCEDC. Those who wish to attend should RSVP by email to CIHRFQ@edc.nyc on or before November 21, 2016.
The NYC Industrial Developer Fund is a $150 million public/private fund to provide project financing for industrial real estate development projects in New York City. The Fund is designed to catalyze investment in 400,000 sf of new or renovated industrial real estate workspace across New York City, supporting the creation of as many as 1,200 quality and accessible industrial jobs by 2020.The Industrial Developer Fund supports industrial job-creation in New York City by providing public/private financing for industrial real estate development projects. Total size of the Fund is $150 million, which includes approximately $60 million in public funds leveraging $90 million in private financing.
The Industrial Developer Fund provides qualified real estate developers with partial public gap-financing assistance in the form of grants, low-interest subordinate loans, and guarantees on senior private loans. These public funds are intended to leverage owner equity so that the transaction merits traditional bank/senior lender financing provided under the Fund structure.
Qualified projects seeking fund support will be considered when high impact projects are unable to move forward due to funding gaps. The Fund will consider both non-profit and for-profit entities.
New York City’s industrial and manufacturing sector employs 530,000 people, or 15.4 percent of the city’s private sector workforce. The sector is a vital pathway to the middle class for many families, with median wages of $50,400 a year. In addition, more than 328,000 jobs in the sector (61.5 percent) are located outside Manhattan, 62 percent of the workforce comes from culturally diverse backgrounds, and nearly half are foreign-born. Finally, approximately 63 percent of jobs are available to individuals who do not have a college degree.
- Land/Building Acquisition, Construction and/or Renovation
- Project Size: Minimum of 25,000 square feet
- Geography: New York City’s 5 boroughs
- Use/Purpose: Projects must create long-term industrial real estate property and demonstrate creation of quality, permanent industrial jobs
For additional information, please contact the NYCEDC Strategic Investments Group at 212.618.5737 or SIG@nycedc.com, with “Industrial Developer Fund Inquiry” in the subject line. Prospective applicants are encouraged to contact NYCEDC to determine eligibility and review in-depth financing criteria prior to submitting materials.