NYC-Economic Development Corporation Awards Financial Services Contract to Vanderbilt University (June 2026)

NYCEDC approved a funding agreement with Vanderbilt University for up to $17.8 million in City capital to build the VISE-MED and IMEL laboratories at its New York City campus. The labs will support advanced research, prototyping, and workforce training in medical devices and intelligent mobility systems.

Document date · June 16, 2026

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Scope & details

The full contract record, as filed.

Contract amount

Up to $17,800,000

Contract type

FINANCIAL_SERVICES

Document type

Minutes

Source document

New York City Economic Development Corporation Minutes Regular Meeting of the Executive Committee 2026-06-16

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by NYC-Economic Development Corporation?

Vanderbilt University was awarded this financial services contract by NYC-Economic Development Corporation, as recorded on June 16, 2026. The contract value is Up to $17,800,000.

How much is the Vanderbilt University contract with NYC-Economic Development Corporation worth?

The Vanderbilt University contract with NYC-Economic Development Corporation is valued at Up to $17,800,000, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record.

Where was this contract approved?

This contract appears in New York City Economic Development Corporation Minutes Regular Meeting of the Executive Committee 2026-06-16 (Minutes), dated June 16, 2026 from NYC-Economic Development Corporation. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Vanderbilt University hold?

Vanderbilt University may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Vanderbilt University's profile

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