2025 - 2027 Future Innovators in Real Estate (FIRE) Fellowship Program

New York, New York, United States

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. 

NYCEDC’s Future Innovators in Real Estate (FIRE) Fellowship Program is a paid 16-month multidisciplinary training program that aims to prepare the next generation of talented professionals for careers in real estate development in New York City. Our FIRE fellowship aims to develop a pipeline of talented professionals reflective of the communities we impact.   

The incoming class of FIRE Fellows will work full-time from September 2025 to January 2027 and receive an annual salary of $70,000, plus benefits. 

Each fellow will work for 4-months in the following teams on a rotational basis:  

  • Asset Management – learn the ins-and-outs of capital improvement projects across industrial, commercial, and waterfront assets
  • Neighborhood Strategies – champion underserved communities by advancing projects that work toward a more just, prosperous, resilient, and sustainable New York City  
  • Real Estate Transactional Services – help analyze, structure, and execute complex and large-scale real estate transactions 

While taking part in the work of each team, FIRE Fellows will participate in educational and professional development programs – including speaker series, industry events, a capstone project, and more! Fellows will be introduced to topics covering business, real estate, and leadership fundamentals, while enhancing their experience with EDC and the broader NYC industry community.  

Application Materials - Due by June 2:  

  • Cover Letter, that answers the following 4 questions:  
    • What about NYCEDC’s mission excites you the most? 
    • Why is the FIRE Fellowship Program the right next step for your career? 
    • What past experiences would set you apart from other candidates? 
    • What impact would you hope to make for New York City? 
  •  Resume

Note: incomplete application packages will not be considered.  

Eligibility:   

  • Recent graduates (within 1-2 years) of a CUNY or SUNY undergraduate program  
  • 1-2 years of professional work experience (internship and/or full-time positions).  
  • Must be able to work full-time (35 hours per week) at NYCEDC’s offices for the entirety of the 16-month program. 

Qualifications:  

  • Bachelor’s degree. Areas of studies preferred: Asset Management, Real Estate Development, Economics, Public Policy, Economic Development, Architecture, Urban Studies, Urban Planning, Business Administration, Finance, or a related field. 
  • Demonstrated enthusiasm for the mission of NYCEDC and interest in a real estate development related career path post-fellowship.   
  • Familiarity in topics related to EDC’s business, including real estate development, urban planning, economic development, infrastructure, the built environment, government relations, public service, New York City’s people and neighborhoods. 
  • Demonstrated ability in using database and presentation tools, including Excel, PowerPoint, and Word.
  • Demonstrated ability to create clear and effective graphics and/or presentation materials for a variety of audiences.  
  • Demonstrated written and verbal communication skills. 
  • Demonstrated research and analytical skills. 
  • Detail-oriented, organized and proactive, with the ability to handle competing priorities and manage deadlines. 
  • Proven ability to work in collaborative, cross-functional teams. 
  • Demonstrated organizational, time management, and follow-up skills.
  • Demonstrated quantitative skills and experience developing economic models in Microsoft Excel is preferred. 
  • Proficiency in real estate financial analysis, alternatives analysis and other forms of quantitative decision-making is a plus.
  • Proficiency with Adobe Creative Suite is a plus.  

Salary Range

$70,000 - $70,000 USD

About Us: New York City Economic Development Corporation is a mission-driven, nonprofit organization that works for a vibrant, inclusive, and globally competitive economy for all New Yorkers. We take a comprehensive approach, through four main strategies: strengthen confidence in NYC as a great place to do business; grow innovative sectors, with a focus on equity; build neighborhoods as places to live, learn, work, and play; and deliver sustainable infrastructure for communities and the city’s future economy. 

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  
  • Employee discounts through Plum Benefits and much more   

Benefits listed above may vary based on the length and nature of your employment with New York City Economic Development Corporation. These benefits are subject to be modified at any time, at the discretion of the organization. 

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. 

 

 

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