Thank you for sharing!

Your article was successfully shared with the contacts you provided.
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.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

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.

More from this author


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.