Notice Details

New York City Economic Development Corporation (“NYCEDC”), is launching the Greenlight Innovation Fund (“Fund”) Request for Proposals to provide City capital funding (“City Capital”) for the development of facilities in New York City that support the Green Economy, Life Sciences, and Advanced Technology (collectively, the “Innovation Industries”).

NYCEDC has an initial allocation of up to $50 million of City Capital dollars for the Fund and intends to make multiple awards of at least $3 million per project. These awards are intended to grow and diversify the Innovation Industries that are critical to the success of New York’s economy.

This Request for Proposals (“RFP”) seeks to identify promising facilities development or improvement proposals (“Programs”) that are eligible to receive City Capital funding. The Fund is limited to Programs on one site initiated by nonprofit entities on privately-owned property. The Fund will provide City Capital for specific projects (“Projects”) that are part of the overall Program—a Project must consist of one of the following: the acquisition of real property, construction of facilities, or the purchase of equipment. NYCEDC generally seeks to fund no more than 50% of the total Program cost.

NYCEDC plans to award City Capital to project respondents on the basis of factors stated in the RFP which include, but are not limited to: the Program policy goals, feasibility of development plan, feasibility of ongoing operations and management, and quality of respondent team.

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/or 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.

Companies that have been certified with the New York City Department of Small Business Services as M/WBEs are strongly encouraged to respond. To learn more about M/WBE certification and NYCEDC’s M/WBE program, please visit http://edc.nyc/opportunity-mwdbe.

An optional informational session will be held on Wednesday, January 17, 2024 at 2 P.M. at NYCEDC’s offices located at One Liberty Plaza, 14th Floor, New York, NY 10006, and via Zoom (the link will be emailed to those who RSVP). Those who wish to attend in person or via Zoom should RSVP by email to GreenlightRFP@edc.nyc on or before January 16, 2024.

Applicants will have multiple opportunities to submit questions and/or request clarifications from NYCEDC. Questions regarding the subject matter of the RFP should be directed to GreenlightRFP@edc.nyc. The first round of questions must be submitted no later than 5:00 P.M. ET, on Friday, February 2, 2024. Responses to the first round of questions will be posted by Friday, February 23, 2024, to https://edc.nyc/rfps. Please see the RFP for details about subsequent question round deadlines. Technical questions pertaining to downloading and submitting proposals may be directed to RFPRequest@edc.nyc while the RFP is open.

Detailed submission guidelines and requirements are outlined in the RFP. FIRST ROUND RESPONSES ARE DUE NO LATER THAN Friday, April 12, 2024. Subsequent round responses are due October 2, 2024 and April 4, 2025. Please click the link in the “Submission Requirements” section of this project’s web page to electronically upload a proposal for this solicitation.