NYCEDC extends and funds New Lab AI transport work
NYC-Economic Development CorporationCity · New York, NY- Disclosed value
- Up to an additional $930,000 (new total across New Lab and Grand Central up to $14,699,240)
- From minutes
- Document date
- Feb 4, 2025
- Term
- Extended to June 2026
The 30-second brief
NYCEDC expanded its agreement with New Lab LLC, authorizing up to $930,000 in new City DOT-funded work for AI transportation Innovation Studios and extending the Studio Program contract term through June 2026, bringing combined New Lab and Grand Central funding to about $14.7 million.
New Lab LLC holds this consulting contract with NYC-Economic Development Corporation. Its other public contracts on record include work for NYC-Industrial Development Agency and NYC-Convention Center Development Corporation.
Term as filed: Extended to June 2026.
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Contract details
- Contract type
- Consulting
- Amount
- Up to an additional $930,000 (new total across New Lab and Grand Central up to $14,699,240)
- Document date
- February 4, 2025
- Term
- Extended to June 2026
- Vendor
- New Lab LLC
- Source document
- New York City Economic Development Corporation Minutes of the Regular Meeting of the Executive Committee 2025-02-04 (Minutes)
New Lab LLC's other public contracts
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Questions about this contract
Who was awarded the consulting contract by NYC-Economic Development Corporation?
New Lab LLC was awarded this consulting contract by NYC-Economic Development Corporation, as recorded on February 4, 2025. The contract value is Up to an additional $930,000 (new total across New Lab and Grand Central up to $14,699,240).
How much is the New Lab LLC contract with NYC-Economic Development Corporation worth?
The New Lab LLC contract with NYC-Economic Development Corporation is valued at Up to an additional $930,000 (new total across New Lab and Grand Central up to $14,699,240), covering consulting work.
What type of contract is this?
This is a Consulting contract, documented as a minutes record.
Where was this contract approved?
This contract appears in New York City Economic Development Corporation Minutes of the Regular Meeting of the Executive Committee 2025-02-04 (Minutes), dated February 4, 2025 from NYC-Economic Development Corporation. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does New Lab LLC hold?
New Lab LLC may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is NYC-Economic Development Corporation currently buying?
Explore NYC-Economic Development Corporation's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.