Summer Intern, Strategic Investments Group - Incentives
27 days ago
New York
Job Description Our Vision: To make New York City the global model for inclusive innovation and economic growth, fueled by the City's diverse people and businesses. Our Mission: Creating a vibrant, inclusive, and globally competitive economy for all New Yorkers. Internship Program Overview: Our 2026 Summer Internship Program is a paid 10-week internship program, scheduled to begin on June 8, 2026. Interns are expected to work full-time throughout the summer. Summer interns will join an intern class consisting of undergraduate and graduate students to work on exciting projects in one of EDC's many dynamic departments. Summer Interns will also participate in training programs, networking events, and other professional development opportunities over the course of the program. Department Overview: The Strategic Investments Group ("SIG") creates and structures impact investments to drive inclusive economic development by enhancing access to capital, mobilizing private investment and supporting the acceleration of EDC initiatives and strategic projects To realize the vision of equitable, sustainable prosperity, SIG structures and implements impact investments utilizing an array of financing solutions, including tax incentives such as discretionary tax benefits, tax-exempt bond financing and tax credits. SIG is composed of two teams that facilitate the creation of quality jobs across all five boroughs of New York City, the Incentives team and the Funds and Advisory team. The Incentives team manages several tax incentive programs including, but not limited to: • New York City Industrial Development Agency (NYCIDA) negotiates discretionary tax incentives on behalf of the City for job-generating commercial, industrial and food retail real estate projects., • Build NYC Resource Corporation (Build NYC) is a bond issuing authority for tax-exempt financing for 501(c)(3) organizations and exempt facility projects., • Develop a working knowledge of tax incentive and tax-exempt bond financing programs that are available through NYCIDA, Build NYC, and NYCNCC, respectively., • Support team members in the development of materials that drive decision-making, including summaries, internal presentations, and external communications., • Document processes, create guides for recurring tasks, and recommend new data visualizations to highlight portfolio insights., • Provide operational support for portfolio monitoring, reporting, and integration between legacy and digital systems., • Define and monitor market benchmarks in the NYC landscape that may influence NYCIDA, Build NYC, and NYCNCC and maintain a repository of findings., • Identify key performance indicators and other ESG-related metrics to support future reporting and leverage portfolio data., • Conduct quantitative and qualitative data analyses to extract impact trends and inform future project diligence., • Assist in drafting materials that communicate program goals and achievements to strategic external audiences., • Preferred field(s) of study: Public Policy & Administration, Politics, Finance, Economics, Urban Planning, Sociology, or related field, • Must be enrolled in an undergraduate degree program; recent graduates are also encouraged to apply, • Demonstrated enthusiasm for the mission of NYCEDC, • Demonstrated written, verbal, and analytical skills, • Demonstrated experience in using database and presentation tools, including Excel and PowerPoint., • Detail-oriented and organized, with the ability to multi-task and manage deadlines, • Ability to work in collaborative, cross-functional teams NYCEDC is committed to offering competitive benefits to support employee health, happiness, and work-life balance. We offer comprehensive benefits and unique perks to ensure NYCEDC employees flourish in their professional and personal lives: • Generous employer subsidized health insurance, • Medical, dental, and pharmacy plans, • Vision and hearing benefits, • Flexible spending accounts for healthcare and dependent care, • Short term and long-term disability coverage, • 100% employer covered life insurance and supplemental life insurance coverage, • Up to 25 vacation days, • Floating Holidays and Summer Fridays, • Parental leave - up to 20 paid weeks, • Retirement savings programs, • Company-paid 401(a) defined contribution plan, • 457(b) tax-advantaged retirement savings plan, • Tuition Reimbursement program, • Continuing education and professional development, • Public Service Loan Forgiveness (PSLF) eligible employer, • College savings plan, • Backup childcare, • Gym membership discounts, • A Calm.com membership for mindfulness and mental health support The New York City Economic Development Corporation is an Equal Opportunity Employer. Our Diversity, Equity, and Social Responsibility Mission is to create a People First strategy by attracting, retaining, and engaging a diverse and talented workforce. Like the city of New York, NYCEDC knows our strength comes from each of our connected parts, making the fabric of our organization better and stronger because of our unique employees' talents. For more information, visit our website at edc.nyc.