Supported Local Development Corporations
| Local Development Corporation | Date of Funding | Amount of Funding | Source of Funding | Purpose of Funding |
|---|---|---|---|---|
| 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 |
| 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 |
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).