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Notice Details

Title: NYCEDC Master Contract Economic Development, Citywide
Procurement
Small Business Services (DSBS)
New York City Economic Development Corporation
One Liberty Plaza , New York, NY, 10006
Services (other than human services)
Sole Source
1/21/2026
Award
$1,593,786,448.00

PIN#80125S0021001

DSBS has determined to award a sole source contract to EDC to perform certain City-wide Economic Dev. services for the City, EDC is the only source for the required services. DSBS advertised its intent to negotiate the above described contract in the City Record and invited any other LDC with the appropriate experience, and which believed that at present or in the future it could provide the requested services, to so indicate by letter. Sixteen (16) interests were received but neither of the interests met the needs to provide Citywide Economic Development Services. EDC has performed city-wide economic development services satisfactorily for many years and is the only LDC with the required experience and in-house expertise to perform on a city-wide basis all the services and No City agency has the experience or expertise to perform all such services.
Description

In accordance with Section 3-05 of the PPB Rules  SBS is awarding via Sole Source a contract to the New York City Economic Development Corporation. The services consist of providing certain City-wide economic development services to the City of New York without limitation, acting as the City’s consultant and representative in order to ensure that jobs are retained and developed in the City. EDC does operate without limitation with respective to the type of economic development description of services as the City’s liaison. This procurement will ensure that the only local development corporation with the required experience and in-house expertise to perform on a City-wide basis. The contract in question will be for a one year term expected to commence July 1, 2025, which contract will provide that the term may be extended by the City by up to one year.

Reference LL63: FY26NSBS1

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