Supported Local Development Corporations
| Local Development Corporation | Date of Funding | Amount of Funding | Source of Funding | Purpose of Funding |
|---|---|---|---|---|
| NYC Business Assistance Corporation | 5/17/19 | $125,000 | NYCEDC | Providing funds for the Downtown Jamaica Storefront Improvement Grant Program |
| Downtown Brooklyn Partnership, Inc. | 11/2/18 | 123,333.30 | City Capital Budget funds and/or NYCEDC's programmatic budget | Providing funds for the construction of BAM Park |
| Greenpoint Manufacturing and Design Center Local Development Corporation | 8/31/18 | $10,000,000 | Mayoral Capital Funds | Acquisition of a facility transforming a former factory into a multi-tenant manufacturing center |
Click here for a list of funding that NYCEDC provided to local development corporations in the prior fiscal years.
The following directors, officers, and employees of NYCEDC also serve with certain local development corporations, as set forth opposite their names below(1):
| Name | Current NYCEDC Position | Local Development Corporation(2) | Current Position in Local Development Corporation | Beginning date of overlap |
|---|---|---|---|---|
| Jill Braverman | Assistant General Counsel | BNYC | Assistant Secretary | 9/17/13 |
| Amy Chan | Assistant Treasurer | NYCLDC | Assistant Treasurer | 5/9/19 |
| Marlene Cintron | Director | Bronx Overall Economic Development Corporation | President | 11/10/10 |
| Fred D'Ascoli | Senior Vice President, Assistant Treasurer & Controller | BNYC | Assistant Treasurer | 2/10/15 |
| Carlos Guerra | Assistant Secretary | NYCLDC | Assistant Secretary | 4/30/13 |
| Arthur Hauser | Assistant Secretary |
NYCLDC BNYC |
Assistant Secretary Assistant Secretary |
4/30/13 9/17/13 |
| Spencer Hobson | Executive Vice President & Treasurer |
BNYC NYCLDC |
Treasurer Executive Vice President & Treasurer |
5/24/12 |
| Meredith J. Jones | Executive Vice President, Secretary & General Counsel | BNYC | Secretary & General Counsel | 12/13/11 |
| Shin Mitsugi | Senior Vice President | BNYC | Assistant Secretary & Compliance Officer | 12/13/11 |
| Krishna Omolade | Assistant Vice President | BNYC | Assistant Secretary | 6/14/16 |
| James Patchett | President & Director |
BNYC Hudson Yards Development Corp. Prospect Park Alliance Public Realm Improvement Fund Governing Group, Inc. |
Chairperson & Director Director Director Director |
2/9/17 2/9/17 2/9/17 10/16/17 |
| Mark Silversmith | Assistant Secretary & Special Counsel | NYCLDC | Secretary | 5/24/12 |
| McCosh Thayer | Assistant Vice President | BNYC | Assistant Secretary | 10/13/15 |
| Kim Vaccari | Executive Vice President & Chief Financial Officer |
BNYC NYCLDC Public Realm Improvement Fund Governing Group Inc. |
Chief Financial Officer President & Director Alternate Director |
9/20/12 8/22/12 10/30/18 |
| Betty Woo | Director | BNYC | Alternate Director | 5/9/18 |
1 Click here for information on simultaneous service on or after July 1, 2012 (i) as a director, officer or employee of NYCEDC; and (ii) as a director, officer or employee of a local development corporation, that has ceased.
2 The following abbreviations are used in this chart: BNYC (Build NYC Resource Corporation), and NYCLDC (New York City Land Development Corporation).