-- Seth Pinsky, President of the New York City Economic Development Corp.,
Will Discuss Future Outlook at Queens College Business Forum June 10 --
FLUSHING, N.Y., May 25, 2011 – In the last decade, New York City has borne its share of economic disasters. There was the aftermath of the Sept. 11, 2001, attacks on the World Trade Center. Seven years later, the collapse of Lehman Brothers ushered in one of the most significant downturns in generations.
For Seth W. Pinsky, president of the NYC Economic Development Corp. (NYCEDC), these crises helped crystallize his mission: Revitalize the city’s economy to ensure its role as a global business center in the 21st century. Pinsky will discuss how the NYCEDC is meeting this challenge and creating opportunities for local businesses in his presentation, “The Future of New York City’s New Economy,” at Queens College on Friday, June 10. The free breakfast forum will begin at 8 am in the fourth floor ballroom of the college’s Student Union.
Pinsky has played a key role in expanding and diversifying Queens’ and the city’s economy. In fiscal 2010, he was responsible for managing $240 million in revenue and $2.5 billion in capital investments, ranging from basic infrastructure improvements to new parks and streetscapes across the city. Pinsky also helped to structure the city’s involvement in some of the most complex development projects in years, notably the World Trade Center, Yankee Stadium, Citifield, and Atlantic Yards.
Under his leadership, the NYCEDC has implemented several ambitious redevelopment projects, bringing new housing, infrastructure, and job opportunities to underserved neighborhoods throughout the five boroughs. These initiatives include the creation of the city’s first LEED-certified neighborhood in Willets Point, Queens; revitalization of the 27-acre amusement district and surrounding community in Coney Island, Brooklyn; upgrades to the South Bronx Greenway to improve air quality; and revival of the city’s working waterfront through the redevelopment of the ferry terminals and the New York Container Terminals in Staten Island. The NYCEDC has also launched more than 50 initiatives to support new business growth, including loan programs, training sessions and investment funds.
Before joining the NYCEDC in 2003, Pinsky was an associate at the international law firm of Cleary Gottlieb Steen & Hamilton. Previously, he served as a financial analyst in mergers and acquisitions at the investment firm James D. Wolfensohn, Inc. He is a graduate of Columbia College, where he majored in ancient history, and Harvard Law School.
The QC Business Forum is free and open to the public, but seating is limited. To register, call 718-997-2920 (Yifat Anteri) or email firstname.lastname@example.org. Complimentary parking is available. For directions, go to
The QC Business Forum was launched in the fall of 2005. Sponsored by the
Queens Borough President’s Office; Queens Chamber of Commerce; Queens Courier; Queens Economic Development Corp.; Farrell Fritz P.C.; PricewaterhouseCoopers; and TD Bank; the forum acts as a catalyst within the diverse areas of Queens, bringing together the business community, local government, academia, and students to provide an opportunity for town and gown to interact. Influential leaders in a number of fields serve as keynote speakers at its breakfast lectures, touching on issues vital to the Queens business community. The forum’s theme this year, Looking Toward the Future, is reflected in the subject matter of the seminars. Each forum fosters discussions that provide insight on how local businesses are seizing opportunities and profitably adapting to changes in business and regulatory conditions.