Notice Details

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

Building on the success of Greenlight’s release in 2023, NYCEDC has an additional allocation of up to $50 million of City Capital dollars for a fourth round of submissions to 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 initiated by nonprofit entities or joint ventures with a nonprofit lead respondent. 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 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 Minority and Women Owned Business Enterprises (“M/WBE”) are strongly encouraged to respond. To learn more about M/WBE certification NYCEDC’s M/WBE program, and programs to assist M/WBE in navigating current and upcoming opportunities on NYCEDC projects, please visit https://sbsconnect.nyc.gov/certification-directory-search/ and edc.nyc/opportunity-mwdbe.

Optional informational sessions will be held on October 16, 2025 at 12:00 P.M., October 28, 2025 at 3:00 P.M., and November 19, 2025 at 10:00 A.M. via Zoom. Those who wish to attend should RSVP on the project webpage at edc.nyc/RFPs.

Applicants will have the opportunity 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 questions must be submitted no later than 5:00 P.M. ET, on November 7, 2025 . Responses to questions will be posted by NYCEDC on November 21, 2025 to edc.nyc/RFPs. Technical questions pertaining to downloading and submitting proposals may be directed to RFPRequest@edc.nyc no later than December 19, 2025 at 4:00 P.M..

Detailed submission guidelines and requirements are outlined in the RFP. RESPONSES ARE DUE NO LATER THAN DECEMBER 19, 2025 at 4:00 P.M.. Please click the link in the “Submission Requirements” section of this project’s web page to electronically upload a proposal for this solicitation. Please upload your response as a .zip file with your organization name and the title of this project.