Interview with Daniel Clark, Vice President and Director of Business Development at New York City Economic Development Corporation (NYCEDC), for our SelectUSA Investment Summit spotlight series. NYCEDC is a mission-driven, nonprofit organization that works for a vibrant, inclusive, and globally competitive economy for all New Yorkers. They take a comprehensive approach, through four main strategies: strengthen confidence in NYC as a great place to do business; grow innovative sectors with a focus on equity; build neighborhoods as places to live, learn, work, and play; and deliver sustainable infrastructure for communities and the city's future economy. Members of NYCEDC will be attending the 2025 SelectUSA Investment Summit in National Harbor, Maryland, from May 11-14, 2025.
Key Takeaways:
- Innovative sectors NYCEDC focuses on tend to shift every few years, but currently tech, life sciences, and the green economy are key areas.
- Securing IP protection, navigating regulatory aspects, and cost are common challenges faced by international companies seeking to go to market in the United States.
- There are over 74 business incentives that apply in New York City through all three levels of government.
- SelectUSA Investment Summit is a key event for economic development.