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Eric Clement Eric Clement, senior VP and head of strategic investments group, NYCEDC

NEW YORK CITY—Eric Clement recently joined the New York City Economic Development Corp. as senior VP and the head of the strategic Investments group. He had been a partner at Blue Frontier Group, a private equity firm that he co-founded which invested assets in emerging markets, primarily in South Africa and Australia. He brings experience of investing in businesses and using the profits to reinvest back into communities.

In a GlobeSt.com interview, Clement explains his team’s role at NYCEDC. “We aim to find initiatives that are important to the city, whether that’s investing in a life sciences hub or a tech hub—businesses we’d like to attract to New York City,” says Clement. “EDC is all things economic development.” Both tax dollars and profits from EDC investments are invested in New York City’s communities.

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Betsy Kim

Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.

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