New York City Economic Development Corporation
Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
Back to profile2 entries
2022
NYC Ferry audit and transparency criticism
The New York City Comptroller reported that NYCEDC had understated ferry expenditures and the taxpayer subsidy per ride for the 2015–2021 period. The findings prompted criticism of oversight and financial transparency.
2019
Amazon HQ2 controversy and withdrawal
NYCEDC participated in negotiations for Amazon's proposed Long Island City headquarters. The project drew opposition over public incentives, governance, and possible neighborhood effects. Amazon withdrew from the New York plan in February 2019.