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This Solicitation opportunity from New York was posted on November 20, 2025. The submission period has ended. Browse the details below for market research, or find similar active opportunities.

Manhattan Cruise Terminal, Brooklyn Cruise Terminal, and Sunset Park Special Purpose Project Fund Community Fund Administrators RFP

Closed
20251105014State & Local

Contract Overview

Solicitation details, issuing organization, response deadlines, documents, and interested companies for this government contract opportunity.

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NAICS: 813219
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The New York City Economic Development Corporation (NYCEDC) is seeking qualified Fund Administrators through a Request for Proposals to manage three community funds: the Manhattan Cruise Terminal Community Fund, the Brooklyn Cruise Terminal Community Fund, and the Sunset Park Special Purpose Project Fund. These funds support community-driven projects in Hell’s Kitchen, Sunset Park, and Red Hook, focusing on areas such as environmental stewardship, public improvements, and workforce development. The selected administrators will be responsible for managing transparent solicitation and selection processes, overseeing fund disbursement, and implementing monitoring and evaluation systems, all in coordination with local stakeholders through inclusive community engagement. Funding for the Manhattan and Brooklyn Cruise Terminal funds comes from passenger fees paid by cruise lines, while the Sunset Park fund is supported by rental income from subleases at the South Brooklyn Marine Terminal. The total funds anticipated by the end of 2025 are approximately $1.3 million for Manhattan, $630,000 for Brooklyn, and $860,000 for Sunset Park, with administration fees drawn from these amounts. NYCEDC invites proposals from nonprofits, community foundations, certified community development financial institutions and entities, business improvement districts, and experienced independent consultants. Selection criteria will include cost proposals, relevant experience, proposed outcomes, and overall proposal quality. The NYCEDC encourages Minority and Women-owned Business Enterprises (MWBEs) to apply and offers resources to assist with certification and participation. Proposals are due by January 29, 2026, with informational sessions and clarification periods scheduled between December and January.

General Info

NYCEDC seeks Fund Administrators to manage three community funds supporting local projects, proposals due January 29, 2026.

Documents

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Timeline

PhaseClosed
Posted

Solicitation

Response Deadline

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Submission Closed

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Organization & Contact Information

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AgencyNew York → NYC Economic Development Corporation
Contacts1 person available
OfficeN/A

Full Description

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New York City Economic Development Corporation (NYCEDC) is issuing a Request for Proposals (RFP) to identify qualified Fund Administrators to manage three community-centered funds (1) the Manhattan Cruise Terminal Community Fund (MCTCF); (2) the Brooklyn Cruise Terminal Community Fund (BCTCF), and (3) the Sunset Park Special Purpose Project Fund (SPPF). These funds are designed to support projects identified by community members and may include, but are not limited to, environmental stewardship, public realm improvements, and workforce development initiatives in the Hells Kitchen, Sunset Park, and Red Hook neighborhoods of New York City.

The selected Fund Administrator(s) will be responsible for leading and managing transparent project solicitation and selection processes, overseeing Fund disbursement, implementing robust monitoring and evaluation frameworks, and memorializing funding priorities in collaboration with local stakeholders all through an inclusive community engagement process.

The MCTCF and BCTCF are financed through a $1 per passenger fee collected from cruise lines operating under exclusive berthing agreements. The SPPF is funded through a 5% set-aside of the annual gross rent derived from subleases at the South Brooklyn Marine Terminal (SBMT). NYCEDC anticipates approximately $1.3 million in total funds for MCTCF by the end of calendar year 2025, with disbursement amounts expected to range between $400,000 and $700,000 annually. For the BCTCF, total funds by the end of calendar year 2025 are expected to amount to $630,000. For the SPPF, total funds by the end of calendar year 2025 are expected to amount to approximately $860,000. The administration fee for the selected organization will be sourced from a portion of the respective Funds. No additional funding sources are available for this solicitation.

NYCEDC will accept proposals from a variety of institutions, including, but not limited to nonprofit organizations, community foundations, certified community development financial institutions (CDFIs), certified community development entities (CDEs), local business improvement districts (BIDs), and independent consultants with a demonstrated history of managing community funds and engaging local stakeholders.

NYCEDC plans to select one or more organization(s) on the basis of factors stated in the RFP which include but are not limited to: the respondents cost proposal, experience and qualifications of the respondent, proposed outcomes, and overall proposal quality.

It is the policy of NYCEDC to comply with all federal, state and City laws and regulations which prohibit unlawful discrimination because of race, creed, color, national origin, sex, age, disability, marital status and other protected category and to take affirmative action in working with contracting parties to ensure certified Minority and Women-owned Business Enterprises (MWBEs) share in the economic opportunities generated by NYCEDCs projects and initiatives.

Companies who have been certified with the New York City Department of Small Business Services as Minority and Women Owned Business Enterprises (M/WBE) are strongly encouraged to apply.  To learn more about M/WBE certification, NYCEDCs M/WBE program, and programs to assist M/WBE in navigating current and upcoming opportunities on NYCEDC projects, please visit  https://sbsconnect.nyc.gov/certification-directory-search/ and edc.nyc/opportunity-mwdbe.  

An optional virtual informational session will be held on Thursday, December 4, 2025 at 10:00 A.M. Those who wish to attend should RSVP by email to Sign up to see this detail on or before December 3, 2025.

Respondents may submit questions and/or request clarifications from NYCEDC no later than later than 5pm Thursday, December 11, 2025. Questions regarding the subject matter of this RFP should be directed to Sign up to see this detail. Answers to all questions will be posted by Thursday, December 18, 2025, to https://edc.nyc/rfps.

Questions regarding the subject matter of this RFP will not be accepted after 5pm on Thursday, December 11, 2025, however, technical questions pertaining to downloading and submitting proposals to this RFP may be directed to Sign up to see this detail on or before Thursday, January 29, 2026.

Detailed submission guidelines and requirements are outlined in the RFP, available as of Thursday, November 20, 2025. To download a copy of the solicitation documents please visit https://edc.nyc/rfps. RESPONSES ARE DUE NO LATER THAN Thursday, January 29, 2026 at 4:00 P.M.. Please click the link in the Deadlines section of this projects web page (which can be found on https://edc.nyc/rfps) to electronically upload a proposal for this solicitation. Please upload your response as a single .zip file, labeled with your company name and the title of this RFP.


PIN: 11260

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The New York City Economic Development Corporation (NYCEDC) is seeking applications from investment fund managers who are raising capital for investment funds aligned with the NYC Catalyst Fund II program. The program aims to promote economic development within New York City, support NYCEDC’s broader impact goals, and generate financial returns. NYCEDC plans to allocate $25 million to this initiative, with commitments of up to $5 million available for each selected investment fund. Applicants should demonstrate a clear financial return strategy, a strong commitment to New York City, and align their funds with one or more of the following impact areas: supporting diverse entrepreneurship via investments in underrepresented founders, promoting economic mobility by addressing income and wealth disparities through various growth and development pathways, or focusing on high-growth innovation sectors vital to the city's economic future. Selection will be based on the qualifications and reputation of the fund managers, the fund’s investment and impact strategies, proposed financial terms, and the investment track record. NYCEDC emphasizes compliance with all applicable anti-discrimination laws and encourages participation from certified Minority and Women-owned Business Enterprises (M/WBEs). The solicitation remains open until January 2, 2029, or until the allocated funding is exhausted, with applications evaluated continuously. Multiple rounds of question submissions are permitted, with deadlines spanning from early 2026 through late 2028. Interested parties can download the RFA, submit proposals electronically, and direct inquiries to the designated NYCEDC contacts provided.
Portfolio Management

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11 months ago

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