NEW YORK CITY—Eric Clement recently joined the New York City Economic Development Corp. as senior VP and the head of the strategic Investments group. He had been a partner at Blue Frontier Group, a private equity firm that he co-founded which invested assets in emerging markets, primarily in South Africa and Australia. He brings experience of investing in businesses and using the profits to reinvest back into communities.
In a GlobeSt.com interview, Clement explains his team's role at NYCEDC. “We aim to find initiatives that are important to the city, whether that's investing in a life sciences hub or a tech hub—businesses we'd like to attract to New York City,” says Clement. “EDC is all things economic development.” Both tax dollars and profits from EDC investments are invested in New York City's communities.
Clement highlights examples of how the strategic investments team advances EDC's mission to increase shared prosperity across the five boroughs, by supporting neighborhoods and creating good jobs.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Betsy Kim
Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.
