Newsletter, Requests for Proposals

Current RFPs: Week of December 26, 2016

 

If you are interested in pursuing business opportunities pertaining to procurement, please contact Mark Thompson or Tunisha W. Walker.

Capalino’s Latest Business Opportunities:

Please see the full list of Request for Proposals recently issued by City government below:

Bike Rack Pipes for DOT

January 5, 2017- Five year contract: 11/1/17 – 10/31/22
Pin number: 8571700058

Renovation of the LGTB Health Clinic

January 6, 2017-  At the Metropolitan Hospital. Cost Range: $1.8M – $2.2M
M/WBEs please contact Tunisha W. Walker.

Pin number: 37201501

Reconstruct Fence+Walls for the Pool in Crotona Park

January 10, 2017- At East 173rd St, Crotona Park, Bronx. Cost range: $1M – $3M
Pin number: 84617B0003

Design, Demolition & Replacement of Garages

January 10, 2017- Architectural and Engineering services at Bronx CB 9, 10 and 11
Pin number: 82715RR00058

Rehabilitation of the Atlantic Avenue Bridge

January 10, 2017- In Brooklyn over the LIRR – Atlantic Branch.
Pin number: 84116BKBR037

H&H Special Inspections Consultant Services

January 11, 2017- New York City Economic Development Corporation (“NYCEDC”) is seeking a special inspections firm to provide special inspections services for the Coney Island Hospital Major Work project as part of its H+H FEMA Program. The project is envisioned to include the demolition of existing buildings, renovation and selective demolition of the existing Main and Tower buildings, construction of a new resilient acute care hospital tower, and the installation of a permanent flood mitigation structure around the hospital campus.

NYCEDC plans to select a consultant on the basis of factors stated in the RFP, which include, but are not limited to: the quality of the proposal, experience of key staff identified in the proposal, experience and quality of any subcontractors proposed, demonstrated successful experience in performing services similar to those encompassed in the RFP.

It is the policy of NYCEDC to comply with all federal, state and City laws and regulations which prohibit unlawful discrimination because of race, creed, color, national origin, sex, age, disability, marital status and other protected category and to take affirmative action in working with contracting parties to ensure certified Minority and Women-owned Business Enterprises (MWBEs) share in the economic opportunities generated by NYCEDC’s projects and initiatives. Please refer to the Equal Employment and Affirmative Compliance for Construction Contracts Addendum in the RFP.

Companies who have been certified with the New York City Department of Small Business Services as Minority and Women Owned Business Enterprises (“M/WBE”) are strongly encouraged to apply. 

Futureworks NYC – Web Development Services

January 12, 2017- NYCEDC, on behalf of The City of New York, is issuing this Request for Proposals seeking web development services, including build-out and maintenance, for the Futureworks NYC website. Futureworks NYC is a program for advanced manufacturing entrepreneurs focused on developing a network of partnerships, services, and spaces. This website will equip business owners, aspiring entrepreneurs, investors, and governmental agencies with a trusted resource for workspace, program opportunities, and networking in New York City.

This web development project is an essential part of establishing New York City as a leader in advanced manufacturing by creating a user-friendly website that highlights shared resources and infrastructure, as well as partnerships with industry, academic, and research stakeholders.

NYCEDC plans to select a consultant on the basis of factors stated in the RFP which include, but are not limited to: the quality of the proposal, experience of key staff identified in the proposal, experience and quality of any subcontractors proposed, demonstrated successful experience in performing services similar to those encompassed in the RFP, and the proposed fee.

It is the policy of NYCEDC to comply with all federal, state and City laws and regulations which prohibit unlawful discrimination because of race, creed, color, national origin, sex, age, disability, marital status and other protected category and to take affirmative action in working with contracting parties to ensure certified Minority and Women-owned Business Enterprises (MWBEs) share in the economic opportunities generated by NYCEDC’s projects and initiatives. Please refer to the Equal Employment and Affirmative Compliance for Non-Construction Contracts Addendum in the RFP.

This project has Minority and Women Owned Business Enterprise (“M/WBE”) participation goals, and all respondents will be required to submit an M/WBE Sub- Contractors Participation Plan with their response.

Develop, Maintain+Operate a Snack Bar

January 12, 2017- The New York City Department of Parks and Recreation (“Parks”) is issuing a significant Request for Proposals (”RFP”) for the development, operation, and maintenance of a snack bar at McCarren Park, Brooklyn.

All proposals submitted in response to this RFP must be submitted no later than Thursday, January 12, 2017 at 3:00 PM. There will be a recommended site visit on Thursday, December 15, 2016 at 11:00 AM. We will be meeting at the proposed concession site (Block # 2670 and Lot # 1), which is located between Bedford Avenue and Driggs Avenue closer to the Lorimer Street side, in front of the McCarren Park House. If you are considering responding to this RFP, please make every effort to attend this recommended site visit.

Pin number: B58-SB-2016

Construction of a Comfort Station

January 13, 2017- Green Central Knoll Park, located at Evergreen Avenue, Central Avenue and Noll Street, Borough of Brooklyn. M/WBEs please contact Tunisha W. Walker.

Pin number: 84617B0061

Build Website for the Life Sciences Community

January 13, 2017-NYCEDC is seeking to build a website to serve as a resource center for the life sciences community in the short-term and content management system for NYCEDC over the long-term. In the short-term, NYCEDC will utilize the Website to deliver priority information on current initiatives, with associated calendars of events, and online application forms. In the longer-term, the website will be equipped to serve as a fully interactive hub for the life sciences sector, where NYCEDC can post, and visitors can discover other sources of information and content – including industry reports, real estate maps, job postings, videos and case studies. At a future date, NYCEDC will build on this work by teaming with a Consultant to manage the website on an ongoing basis and/or create additional content.

NYCEDC plans to select a consultant on the basis of factors stated in the RFP which include, but are not limited to: the quality of the proposal, experience of key staff identified in the proposal, experience and quality of any subcontractors proposed, demonstrated successful experience in performing services similar to those encompassed in the RFP.

It is the policy of NYCEDC to comply with all federal, state and City laws and regulations which prohibit unlawful discrimination because of race, creed, color, national origin, sex, age, disability, marital status and other protected category and to take affirmative action in working with contracting parties to ensure certified Minority and Women-owned Business Enterprises (MWBEs) share in the economic opportunities generated by NYCEDC’s projects and initiatives. Please refer to the Equal Employment and Affirmative Compliance for Non-Construction Contracts Addendum in the RFP.

Companies who have been certified with the New York City Department of Small Business Services as Minority and Women Owned Business Enterprises (“M/WBE”) are strongly encouraged to apply. 

Painting the Staten Island Ferry Terminal

January 17, 2017- Interior and exterior. The M/WBE Goal for this contract is 10 percent.
M/WBEs please contact Tunisha W. Walker.

Pin number: 84117MBSI042

Commercial Waste Zone Consultant

January 18, 2017- Implement and establish commercial waste zone system.

Reconstruction of a Multipurpose Room

January 25, 2017- The Reconstruction of the Multipurpose Room in the Von King Cultural Arts Center located in Herbert Von King Park bounded by Tompkins, Marcy, Lafayette and Greene Avenue, Borough of Brooklyn. This procurement is subject to participation goals for MBEs and/or WBEs as required by Local Law 1 of 2013. Contract under the Project Labor Agreement.  M/WBEs please contact Tunisha W. Walker.

Pin number: 84617B0051

Reconstruction of Boilers and Construction of HVAC System

January 25, 2017- The Reconstruction of the Boilers and Construction of an HVAC System in the Gymnasium at the Sorrentino Recreation Center, located at 18-48 Cornaga Avenue, Borough of Queens. Known as Contract # Q446-216M.

This procurement is subject to participation goals for MBEs and/or WBEs as required by Local Law 1 of 2013. The Cost Estimate Range is $1,000,000.00 to $3,000,000 for this project. M/WBEs please contact Tunisha W. Walker.

Grant Funding to Operate Saturday Night Lights

January 30, 2017- The purpose of this Request for Proposals (RFP) is to grant funding to operate Saturday Night Lights (SNL) in Manhattan. SNL is a youth violence prevention and youth-development program funded by the New York County District Attorney’s Office (DANY) that provides young people in underserved neighborhoods in Manhattan a safe, fun, and productive space during traditionally high-crime times. While SNL focuses on sports and fitness activities, programming likewise integrates Cognitive Behavioral Therapy and supplementary social services to more holistically help young people reduce violence and criminal justice involvement and increase engagement in prosocial activities.

DANY seeks proposals to provide skills training to young people ages 11-18 in these three areas: (1) sports or fitness (e.g., basketball, dance, volleyball, etc.), (2) Cognitive Behavioral Therapy (CBT), and (3) wraparound service delivery, specifically relevant social services that address ancillary needs. This RFP will fund programming in the following service areas: Washington Heights/Inwood, West Harlem, Central Harlem, East Harlem, and the Lower East Side. A separate and complete proposal is required for each service area being proposed.

Pin number: 20170100011

Facility Condition Assessment of Real Estate Assets

January 30, 2017- Consultant to ensure DOT is running efficiently as possible
Pin number: 84116MBAAD018

Provide State-of-the-art, Telecommunication Services

January 31, 2017- The District Attorney’s Office of New York County (“DANY”) serves and protects the people of New York through the fair administration of justice. Building on a tradition of prosecutorial independence and courtroom excellence, the Office is an internationally recognized leader in the development of innovative crime-fighting strategies and justice reform initiatives. Each year, DANY handles approximately 100,000 cases, which are investigated and prosecuted by a staff of more than 550 assistant district attorneys with 700 investigative analysts, paralegals, and highly trained support staff members.

DANY is seeking an appropriately qualified Contractor to provide state-of-the-art, up-to-date telecommunication, local and long distance, and data communication service in the most cost-effective and efficient manner for DANY office locations. This Request for Proposal provides the requirements and evaluation criteria, which will be reviewed by DANY upon receipt of responses from all prospective Contractors.

Pin number: 20170400004

Parking Lot Feasibility Study

February 1, 2017- To analyze options for installing sustainability measures such as photovoltaic (PV) canopies, electric vehicles (EV) charging stations, and storm water green infrastructure (e.g., rain gardens, permeable pavement) at parking lots owned and/or managed by the Department of Parks and Recreations New York City (Agency).

Pin number: 84616P0012

Recreation Management Business Software System

February 3, 2017- Parks has identified a need to replace their current recreation management business software system that can meet or exceed the current and future needs for the City of New York. Our current system is allocated for 90 concurrent logons for employee access to process memberships, activities, billing and reporting. There are over 900 system users which have been granted user rights for Recware. The chosen system will support, at least, the current amount of concurrent logons and system users.

Pin number: 84617P0002

Electrical Repairs, Upgrade and Maintenance

February 6, 2017- The work to be performed under this contract includes furnishing all labor, materials, travel time, equipment and all other work incidental thereto necessary or required to provide the complete Electrical Repairs, Installation, Upgrade, and Maintenance on an as Needed Basis or Emergency Basis for The 79th Street Boat Basin, World’s Fair Marina, Sheepshead Bay, Recreation Centers, and Various locations for the City of New York Parks and Recreation (“Agency”).
M/WBEs please contact Tunisha W. Walker.

Pin number: 84617B0067

Dynamic Project at Beast 21st St. Downtown Far Rockaway

March 14, 2017- Be a part of Mayor de Blasio’s Housing New York affordable housing plan through a new development opportunity located in Downtown Far Rockaway, Queens. New York City Economic Development Corporation (NYCEDC) and the New York City Department of Housing Preservation and Development (HPD) are seeking proposals for the long-term ground lease and development of an approximately 42,500-square-foot-site (the Site) in the center of Downtown Far Rockaway. The highly visible Site is located less than a block from the A train, adjacent to a planned public plaza, and less than a mile from the beach. It is also above the 100-year and 500-year flood plains.

The RFP presents an exciting opportunity to create a mixed-use development as one of the first steps in the comprehensive revitalization of Downtown Far Rockaway. You’ll be creating a dynamic project that activates the commercial heart of the district; providing the community with needed housing, services and amenities; and contributing to the evolution of the neighborhood.

Public investments totaling $90 million are already underway in Downtown Far Rockaway and, in February 2016, Mayor de Blasio announced the allocation of an additional $91 million to act on the vision shared by the community and laid out by the Downtown Far Rockaway Working Group. This represents a total commitment of more than $180 million to the neighborhood.

As one of many strategies in the Downtown Far Rockaway Roadmap For Action, NYCEDC is currently conducting the required environmental review and preparing an application for the Uniform Land Use Review Procedure to rezone the neighborhood, including the Site, to allow for a wider range of uses, strengthening existing commercial corridors and unlocking the potential for more vibrant, mixed-use development throughout the area. For further details, visit http://www.edc.nyc/FarRockaway.

This project has M/WBE participation goals, and all respondents will be required to submit a M/WBE Narrative Form with their response. 

Groundbreaking Redevelopment: Sea View Healthy Community

March 31, 2017- Approximately 80 acres of city land is available for a master planned, mixed-use community at a scenic, historic Sea View Hospital site (the “Site”) in New York City. New York City Economic Development Corporation (“NYCEDC”), in partnership with NYC Health & Hospitals and in coordination with the New York City Department of Housing Preservation and Development, is seeking proposals. Located just north of Staten Island’s verdant Greenbelt park system and replete with the dramatic New York Harbor views for which it is named, Sea View Hospital is now mostly vacant and available for redevelopment as “Sea View Healthy Community.” Consistent with the hospital’s legacy as New York City’s historic battlefront against tuberculosis and as the site of significant advances leading to its cure, Sea View Healthy Community aims to facilitate healthy living and wellbeing among its residents and visitors.

NYCEDC seeks proposals that incorporate a diverse mix of uses, including health-focused programming, retail, commercial, and community facilities (particularly medical and wellness facilities); and housing for a range of incomes, ages, and ability levels. As a “Healthy Community,” the Site’s redevelopment should promote exercise, access to nature, social engagement, and good nutrition for its residents and visitors. Given its size and location, the Site represents a unique opportunity to develop a groundbreaking concept that will be the first of its kind in the New York City and among the first of its kind in the nation.

This RFEI is not intended as a formal offering for the disposition of the Site. NYCEDC may elect to release a targeted request for proposals to selected respondents of this RFEI and, potentially, other parties at a later time. Notwithstanding the foregoing, NYCEDC reserves the right to select a developer for a portion of or the entire Site, on the basis of responses to this RFEI without any further process. Therefore, NYCEDC strongly encourages all parties interested in redeveloping all or portion(s) of the Site to submit proposals in response to this RFEI.

It is the policy of NYCEDC to comply with all federal, state, and City laws and regulations which prohibit unlawful discrimination because of race, creed, color, national origin, sex, age, disability, marital status and other protected category and to take affirmative action in working with contracting parties to ensure certified Minority and Women-Owned Business Enterprises (MWBEs) share in the economic opportunities generated by NYCEDC’s projects and initiatives.

This project has M/W/DBE participation goals, and all respondents will be required to submit an M/W/DBE Participation Proposal with their response.

Construct Infrastructure and Resiliency Improvements at H+H Facilities

June 28, 2018-New York City Economic Development Corporation (NYCEDC) is seeking qualified firms to construct infrastructure and resiliency improvements estimated at ~$173 million at four NYC Health and Hospitals (H+H) facilities: Bellevue Hospital (Manhattan), Coler Rehabilitation and Nursing Care Center (Roosevelt Island), Coney Island Hospital (Brooklyn) and Metropolitan Hospital (Manhattan). In October 2012, each facility suffered extensive flood damage as a result of Hurricane Sandy. Since then, each hospital has temporarily restored the damaged areas and, working with the Federal Emergency Management Agency (“FEMA”), have developed plans to mitigate damage from future storms and flooding.

NYCEDC, as the lead of an interagency team, is now focused on completing priority mitigation projects at these four facilities. This initial work will make existing facilities more resilient and protect against future disasters.  Once complete, these initial projects will further the City’s resiliency goals and ensure that these public hospitals have the necessary safeguards in place to operate during a storm and mitigate damage and power loss.

NYCEDC plans to prequalify firms on the basis of factors stated in the RFQ which include, but are not limited to: the firm’s demonstrated experience and expertise in the particular trade for which the firm is submitting its qualifications; the firm’s record regarding accidents and lost work days on construction projects; and the firm’s resources available for the Project.

NYCEDC and H+H will be contracting with multiple design and engineering firms for all contract documents associated with the Services.  The Construction Management firm (CM) will provide construction management services for the Project, including holding all construction subcontracts for the Project.

Notice of Funding Availability for the Preservation of Affordable Housing South of Houston Street

December 31, 2019– The City of New York Department of Housing Preservation and Development announces the availability of $11,800,000 in funding for the acquisition and preservation of affordable housing south of, and including properties on, East/West Houston Streets, bounded by the Hudson and East Rivers in Lower Manhattan to applicants who are funded pursuant to a Request for Qualifications issued by HPD (“RFQ”).

Purpose:
The purpose of the Lower Manhattan Acquisition Program is to preserve residential housing with apartments affordable to low-income households.

Program Description:

Request for Qualifications (RFQ):
In order to become qualified for participation in the program, not-for-profit organizations must respond to the RFQ and be found qualified by HPD. Applicants may respond to the RFQ available at the website below. To be considered for qualification, applicants must demonstrate ownership, management and rehabilitation experience, as well as financial strength and stability. Please refer to the RFQ for more information on qualification.

Proposals:
Qualified not-for-profit organizations may submit proposals to request acquisition funding for eligible residential buildings. Proposals will be assessed on both the viability of the project and strength of the applicant’s experience. Proposals will be evaluated and funded on a “first-come, first-served basis” for the duration of the program. The City reserves the right to accept or reject any or all applications received as a result of this advertisement.

Notice Requirements:
All not-for-profit organizations entering into negotiations with building owners must comply with tenant and owner notification procedures in accordance with the federal Uniform Relocation Assistance and Real Property Acquisition Policies Act of 1970. Information about these notification requirements will be provided to pre-qualified non-profits. The Request for Qualifications (RFQ), map of the program area, and additional information about the program are available on HPD’s website: http://www1.nyc.gov/site/hpd/developers/rfp-rfq-rfo.page. Interested parties should forward all requested documentation to the Department of Housing Preservation and Development; Attention of Lower Manhattan Acquisition Program RFQ Coordinator, 100 Gold Street—Room 9-O3, New York, NY 10038; or electronically to HPDPres@nullhpd.nyc.gov. This program is made possible by a grant from the Lower Manhattan Development Corporation, which is funded through Community Development Block Grants from the U.S. Department of Housing and Urban Development.

Andrew Cuomo, Governor
Bill de Blasio, Mayor
Alicia Glen, Deputy Mayor for Housing and Economic Development
Vicki Been, HPD Commissioner
David Emil, LMDC President
Avi Schick, LMDC Chairman

Develop Transitional Residences for Homeless Families + Drop-In Center for Adults

November 2, 2020- The Department of Homeless Services is soliciting proposals from organizations interested in developing and operating transitional residences for homeless adults and families including the Neighborhood Based Cluster Residence and drop-in centers for adults. This is an open-ended solicitation; there is no due date for submission. Proposals will be reviewed by the Department as they are received and contracts will be awarded on an on-going basis, until the agency’s capacity needs are met. DHS reserves the right to award a contract on the basis of initial offers received without discussion. Contracts will be awarded to responsible applicants whose negotiated offers are determined to be the most advantageous to the City, taking into consideration the price and other such factors and criteria set-forth in the RFP. Contract award will be subject to the timely completion of contract negotiations between the agency and the selected proposer.

It is anticipated that the transitional residence contracts will range from 3 to 30 years including renewal options and depending on the financial terms and conditions.

Pursuant to Section 312 (c) (1) (ii) of the New York City Charter, the Competitive Sealed Bid procurement method is not the most advantageous method because judgment is required in evaluating competing proposals, and it is in the best interest of the city to require a balancing of price, quality and other factors.

Thus, pursuant to Section 3-03 (c) of the Procurement Policy Board Rules, the open ended RFP will be used because the Department will select qualified providers to develop and operate transitional residences in order to address the need to create additional shelter capacity citywide. In addition, this open-ended method will provide interested applicants an opportunity to propose sites for the targeted population, as they become available for shelter development.

All proposers must meet the following minimum qualifications 1) must have a tax exempt status under 501 (c) (3) of the Internal Revenue Code and or be legally incorporated as a for-profit entity; 2) must demonstrate that they have, or can obtain by the contract start date, site control of the proposed Standalone facility location(s); and 3) must demonstrate an intent to enter into lease agreements with the owner(s) or management designee(s) for each property.

Pin number: 07100S003262

Infrastructure+Resiliency Improvements at Coney Island Hospital

May 31, 2022- New York City Economic Development Corporation (NYCEDC) is seeking qualified firms to construct infrastructure and resiliency improvements at Coney Island Hospital. Due its location, the hospital is vulnerable to extreme coastal storms and in October 2012, the facility suffered extensive flood damage as a result of Superstorm Sandy. Since then the hospital has temporarily restored the damaged areas and, working with the Federal Emergency Management Agency (“FEMA”), have developed plans to mitigate damage from future storms and flooding.

NYCEDC, as the lead of an interagency team, is now focused on the Major Work project. The construction of the Coney Island Hospital campus project is currently envisioned to build a new resilient acute care hospital tower to be known as the Critical Services Structure (“CSS”) and to include the following work:
• Provide on-site valet parking for 300 cars
• Demolition of existing buildings, including Hammett Pavilion, Building 6, and various existing site improvements;
• Renovation and selective demolition of 60,000 gross sq. feet including portions of the existing Main Building and Tower Building; and
• Build a new permanent flood mitigation structure (s) (e.g. flood wall) around the campus.

NYCEDC is seeking qualifications for the following types of construction contractors:
• Concrete Contractors • Abatement Contractors • Demolition Contractors • Electricians • Plumbers • Elevator Contractor Scaffolding/Sidewalk bridge • Mechanical – HVAC • Fire Protection • Masonry • Site/Civil Work • Low voltage electrician • Site Fencing • Painting • Carpentry • MEP Insulation • Steel Work • Roofing and Waterproofing • Spray on Fire Proofing • Tile Work • Flooring • Windows • General Contractors • Exterior Façade

NYCEDC plans to select contractors on the basis of factors stated in the RFQ which include, but are not limited to: the firm’s demonstrated experience and expertise in the particular trade for which the firm is submitting its qualifications; the firm’s composition and experience in coordinating and implementing similar projects; the firm’s familiarity with public approvals, permitting and experience working with multiple governmental agencies; the firm’s record regarding accidents and lost work days on construction projects; and the firm’s resources available for the Project.  The Services described above will require extensive coordination and collaboration among the Construction Management firm (the “CM”) hired by NYCEDC, the other construction trades working within the Project Site, and the Project Team.

NYCEDC has contracted with NBBJ to lead the design effort for all contract documents associated with the Services. The CM will provide construction management services for the Project, including holding all construction subcontracts for the Project.  NYCEDC anticipates that initial projects will be procured in Q1 2017. Design packages will continue to be completed and released periodically with final projects’ anticipated completion in May 2022. NYCEDC will issue advertisements in the City Record and provide a notice on EDC’s procurement website (www.nycedc.com) of forthcoming design packages to be issued by the CM. Once NYCEDC posts an advertisement for a forthcoming design package, firms will have approximately 30 days to provide their qualifications in order to be considered for the prequalified list of firms who will receive the bid package from the CM.

It is the policy of NYCEDC to comply with all federal, state and City laws and regulations which prohibit unlawful discrimination because of race, creed, color, national origin, sex, age, disability, marital status and other protected category and to take affirmative action in working with contracting parties to ensure certified Minority and Women-owned Business Enterprises (MWBEs) share in the economic opportunities generated by NYCEDC’s projects and initiatives.
The HHC Coney Island Hospital Major Work has a Minority and Women Owned Business Enterprises (“M/WBE”) participation goal of 30 percent. Companies who have been certified with the Empire State Development’s Division of Minority and Women’s Owned Business Development as M/WBE are strongly encouraged to apply to this RFQ. To learn more about M/WBE certification and NYCEDC’s M/WBE program, please visit http://www.nycedc.com/opportunitymwdbe.  An optional informational session will be held on Tuesday, November 22, 2016 at 11:00 am at NYCEDC. Those who wish to attend should RSVP by email to CIHRFQ@nulledc.nyc on or before November 21, 2016.

NYC Industrial Developer “Fund” for Qualified Projects Seeking Fund Support

The NYC Industrial Developer Fund is a $150 million public/private fund to provide project financing for industrial real estate development projects in New York City.  The Fund is designed to catalyze investment in 400,000 sf of new or renovated industrial real estate workspace across New York City, supporting the creation of as many as 1,200 quality and accessible industrial jobs by 2020.The Industrial Developer Fund supports industrial job-creation in New York City by providing public/private financing for industrial real estate development projects.  Total size of the Fund is $150 million, which includes approximately $60 million in public funds leveraging $90 million in private financing.

The Industrial Developer Fund provides qualified real estate developers with partial public gap-financing assistance in the form of grants, low-interest subordinate loans, and guarantees on senior private loans.  These public funds are intended to leverage owner equity so that the transaction merits traditional bank/senior lender financing provided under the Fund structure.

Qualified projects seeking fund support will be considered when high impact projects are unable to move forward due to funding gaps.  The Fund will consider both non-profit and for-profit entities.

New York City’s industrial and manufacturing sector employs 530,000 people, or 15.4 percent of the city’s private sector workforce.  The sector is a vital pathway to the middle class for many families, with median wages of $50,400 a year. In addition, more than 328,000 jobs in the sector (61.5 percent) are located outside Manhattan, 62 percent of the workforce comes from culturally diverse backgrounds, and nearly half are foreign-born. Finally, approximately 63 percent of jobs are available to individuals who do not have a college degree.

For additional information, please contact the NYCEDC Strategic Investments Group at 212.618.5737 or

 

More from Capalino

Current RFPs: Week of March 12, 2018

 

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Request for Proposal

Current RFPs: Week of October 3, 2016