The mission of BOEDC is to strengthen and expand current Bronx-based businesses, as well as to provide incentives to encourage businesses to establish or relocate to The Bronx and maximize employment opportunities for Bronx residents.
BOEDC provides a wide range of programs and services to its clients, including site selection; financing and financial packaging; technical assistance; special projects; procurement assistance; liaison services with government agencies; information dissemination; workforce development and placement assistance; minority and small business development as well as capacity building.
BOEDC also provides three loan programs for qualified Bronx businesses through its Empowerment Zone programs. The corporation is the administrator of The Bronx portion of the New York City Empowerment Zone as part of the federal Empowerment Zone and Enterprise community initiative.
BOEDC promotes the borough through The Bronx Tourism Council (BTC). Established in 1991, BTC creates cohesive and symbiotic relationships between arts and culture and economic development. Its role is to promote the borough’s rich history, its institutions, and cultural diversity on a local, national, and international level.