NYC-Industrial Development Agency Awards Professional Services Contract to New York City Economic Development Corporation (May 2026)

Scope & details

The full contract record, as filed.

Contract amount

$4,400,000 base contract fee; $135,000 for each IDA closing beyond the sixteenth; contingency fee of 15% of amounts recovered

Contract type

PROFESSIONAL_SERVICES

Contract term

July 1, 2026 – June 30, 2027

Renewal date

2027-06-30

Renewal

Renewable for successive additional 12-month periods. The agreement requires annual submission to the Board and documents renewals and amendments dating from the original 1984 contract through the July 1, 2025 agreement.

Document type

Minutes

Source document

New York City Industrial Development Agency Minutes 2026-05-19

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Other contracts from New York City Economic Development Corporation.

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Brooklyn Borough Board Agenda 2026-06-02

DISCUSSED

NYC-Office of the Borough President of Brooklyn, New YorkJun 2, 2026

Build NYC Resource Corporation Minutes 2026-05-19

APPROVED

NYC-Build NYC Resource Corporation, New York$2,200,000 plus $105,000 for each closing beyond 23 and a contribution toward tenant improvementsMay 19, 2026

The Trust for Cultural Resources of the City of New York Audit Committee Minutes 2026-03-25

APPROVED

NYC-Trust for Cultural Resources, New YorkMar 25, 2026

The Trust for Cultural Resources of The City of New York Policy First Amended and Restated Procurement Policy 2026-03-25

ONGOING

NYC-Trust for Cultural Resources, New YorkMar 25, 2026

The Trust for Cultural Resources of the City of New York Authority Mission Statement and Performance Measurements 2026-03-25

ONGOING

NYC-Trust for Cultural Resources, New YorkMar 25, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the professional services contract by NYC-Industrial Development Agency?

New York City Economic Development Corporation was awarded this professional services contract by NYC-Industrial Development Agency, as recorded on May 19, 2026. The contract value is $4,400,000 base contract fee; $135,000 for each IDA closing beyond the sixteenth; contingency fee of 15% of amounts recovered.

How much is the New York City Economic Development Corporation contract with NYC-Industrial Development Agency worth?

The New York City Economic Development Corporation contract with NYC-Industrial Development Agency is valued at $4,400,000 base contract fee; $135,000 for each IDA closing beyond the sixteenth; contingency fee of 15% of amounts recovered, covering professional services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in New York City Industrial Development Agency Minutes 2026-05-19 (Minutes), dated May 19, 2026 from NYC-Industrial Development Agency. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does New York City Economic Development Corporation hold?

New York City Economic Development Corporation 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 New York City Economic Development Corporation's profile

What is NYC-Industrial Development Agency currently buying?

Explore NYC-Industrial Development Agency's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View NYC-Industrial Development Agency's profile