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RESOURCES Econonmic Development Corporation

The Economic Development Corporation is responsible for promoting economic growth throughout New York City through real estate development programs, business incentives and more. EDC oversees transportation and infrastructure projects that make transit within the Tri-state region more efficient. To help improve the distribution of goods within and outside the five boroughs, EDC manages the redevelopment of the City's rail freight lines, food markets, and maritime and aviation facilities. EDC, also, offers incentive programs to help eligible businesses meet their financing needs for property acquisition, new equipment, renovation, working capital and other purposes through the use of low-cost tax-exempt bonds. Double and triple tax-exempt revenue bonds are issued by the New York City Industrial Development Agency, an entity administered by EDC, for various types of organizations and transactions.