Skip to main content

Milestone Board

01
01

New York City Economic Development Corporation (“NYCEDC”), in partnership with the Mayor’s Office of Climate and Environmental Justice and the New York City Department of Buildings (collectively “Government Entities” or “Entities”), is releasing a Request for Expressions of Interest (“RFEI”) to solicit insights from a broad range of stakeholders interested in partnering with NYCEDC and the City to invest in the development of a thriving and equitable “green economy” in New York City (“NYC”).

The just transition to a sustainable and equitable green economy represents a unique generational opportunity to not only address New York City’s existential climate crisis, but also to ensure that this transition generates a broad base of economic opportunities, especially in areas most impacted by environmental injustice (“EJ Areas”). The Government Entities are exploring strategies that catalyze investment into industries and assets that both help New York City’s public and private sectors deliver on ambitious climate and decarbonization goals, and support the equitable recovery, growth, and diversification of New York City’s economy.

This RFEI is designed to surface ideas for innovative financing models and industry support tools that will inform a robust strategy for utilizing “decarbonization capital”, which we define as public-private financial tools that catalyze economic growth, accelerate decarbonization, and advance social equity and environmental justice.

The Government Entities are committed to incorporating the perspectives, ideas, and interests of public, private, nonprofit, and other entities early in the development of our strategy, including those whose business, mandate, mission, or interests live at the intersection of investment, climate change, and social equity/justice. Responses will allow the Government Entities and various other agencies of the City of New York  to ascertain market interest and inform our broader green economy support and investment strategies, particularly with respect to MWBEs, EJ Areas, and workforce. Specifically, the Entities seek market feedback on: anticipated financing gaps in NYC’s green economy; potential structures for an investment fund to help equitably close capital market gaps for decarbonization projects and businesses; capital and financing strategies that also offer compelling pathways for advancing social equity outcomes; and other non-financial levers for catalyzing more diverse business, worker, and community participation in driving a decarbonized green economy.

To leverage NYC’s market advantages and opportunities, we are especially interested in industries such as building energy efficiency, solar energy, energy storage, and low carbon/circular construction. However, responses to this RFEI may also focus on other growing green economy industries like geothermal, offshore wind energy, transportation electrification, micromobility, and waste diversion/circularity.

This is not a competitive procurement, but rather an information inquiry. NYCEDC anticipates releasing one or more subsequent Requests for Proposals (“RFPs”) that are directly reflective of insights gained from submissions and respondents to this RFEI. However, Responding to this RFEI is not a condition for future consideration as a potential RFP respondent.

Submission Requirements

Detailed submission guidelines and requirements are outlined in the RFEI, available as of Wednesday, September 21, 2022.

RESPONSES ARE DUE NO LATER THAN Friday, December 2, 2022.

Please submit your response via electronic upload by clicking here and uploading your expression of interest.

M/WBE

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 Detailed submission guidelines and requirements are outlined in the RFEI.

Vendor Resources

Because NYCEDC’s projects are generally funded with public funding sources, working with NYCEDC on many of our projects requires the completion and submission of certain forms and documents. Click here to register with PASSPort, a database of information of vendors who do business with NYC, learn how to obtain proof of insurance, download Doing Business Accountability project forms, and more.

Have Technical Questions?

Contact: [email protected]

Technical questions may include how to download the RFEI or submit response.