FOR IMMEDIATE RELEASE
FRIDAY, JUNE 2, 2017
Contact: Ilene Greenfield
Director of Media Relations
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BERKELEY COLLEGE CO-SPONSORS CRAIN’S NEW YORK BUSINESS BREAKFAST FORUM FEATURING NYCEDC PRESIDENT/CEO
James Patchett Shares His Philosophy on Economic Development
(Photo Credit: Buck Ennis)
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The New York City Economic Development Corporation is examining opportunities for office space outside of the city center, looking to grow businesses and create new jobs in unexpected communities, said James Patchett, President and CEO, during the Crain’s New York Business Breakfast Forum on May 31, 2017.
The breakfast was co-sponsored by Berkeley College, United Airlines and the General Contractors Association of New York.
Communities like Long Island City and East New York are “neighborhoods that would not be able to secure funding without a credit-worthy tenant,” Mr. Patchett said. He believes that credit-worthy tenant can be the New York City government.
Mr. Patchett announced a plan for the City’s Human Resources Administration to acquire 250,000 square feet of office space in East New York, bringing the department closer to the community it serves and creating an ideal home for startups. A Request for Proposal on the project will be available later this year and he hopes other departments will follow suit, he said.
Offices vacated by the City government would also free up space in high-demand areas. “It’s a win-win,” Mr. Patchett told the audience of nearly 300 business professionals at the New York Athletic Club Wednesday morning.
Mr. Patchett also discussed gentrification across the five boroughs, and insisted that now is the time to find solutions – specifically the need for affordable housing and more good-paying jobs in the middle-income sector.
“These problems aren’t new,” he said. “When our economy is strong – that’s the time to think creatively about what is possible.”
Mr. Patchett also discussed the success of the NYC Ferry Rockaway route, which he said served 243,000 riders in its first full month of service. The previous system served 3,000 riders per week.
“Ultimately, it’s not just about the numbers. It’s about connecting more communities with transit,” he said, adding that access to transportation is transformative for communities, families and small businesses.
Panelists for the session included Erik Engquist, Assistant Managing Editor, Crain’s New York Business, and Charlie Herman, Business Editor for WNYC.
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(Photo Credit: Buck Ennis)
Photo Caption: (Top) James Patchett, President and CEO, New York City Economic Development Corporation (left) answers questions from Erik Engquist, Assistant Managing Editor, Crain’s New York Business, and Charlie Herman, Business Editor, WNYC, at the Crain’s New York Business Breakfast on May 31, 2017. (Above) Berkeley College associates and administrators including Michael J. Smith, President of Berkeley College (right), pose with the panelists and Jill Kaplan, Vice President and Publisher, Crain’s New York Business (second from left), following the event.
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