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Supported Local Development Corporations

Local Development Corporation Date of Funding Amount of Funding Source of Funding Purpose of Funding
Greenpoint Manufacturing and Design Center Local Development Corporation 3/31/20 $602,973 City Council Funds Renovation of a facility to upgrade the elevators to serve production needs for tenants
Greenpoint Manufacturing and Design Center Local Development Corporation 12/6/19 $48,520 Brooklyn Borough President Funds and/or City Council Funds Renovation of a facility transforming a former auto parts warehouse into a multi-tenant manufacturing center
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 Assistant Secretary 4/30/13
    BNYC Assistant Secretary 9/17/13
Spencer Hobson Executive Vice President & Treasurer BNYC Treasurer 5/24/12
    NYCLDC Executive Vice President & Treasurer 5/24/12
Meredith J. Jones Executive Vice President, Secretary & General Counsel BNYC Secretary & General Counsel 12/13/11
Pedram Mahdavi Alternate Director Hudson Yards Development Corporation Alternate Director 9/27/19
    Hudson Yards Infrastructure Corporation Alternate Director 9/27/19
    Lower Manhattan Development Corporation Director 12/19
    NYCLDC Director 9/27/19
    NYCLDC Chairperson 12/13/19
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 Chairperson & Director 2/9/17
    Hudson Yards Development Corp. Director 2/9/17
    Prospect Park Alliance Director 2/9/17
    Public Realm Improvement Fund Governing Group, Inc. Director 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 Chief Financial Officer 9/20/12
    NYCLDC President & Director 8/22/12
    Public Realm Improvement Fund Governing Group Inc. Alternate Director 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).