New

Summer Intern, Strategic Investments Group – Funds & Advisory

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. 

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 the deployment of catalytic investment capital and discretionary tax incentives. 

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 Funds and Advisory team originates, structures, and manages multiple fund vehicles that invest catalytic capital in the form of loans, venture capital, hybrid investments, and credit enhancement products. The investment portfolio is dedicated to expanding opportunity and enriching NYC’s economy while seeking blended financial and multi-faceted social returns. The team also advises both internal partners and external stakeholders on a range of financial and strategic initiatives.  

These programs and vehicles collectively leverage billions of dollars of public and private sector investment. 

Intern Responsibilities: The Summer Intern will join the Funds and Advisory team within the Strategic Investments Group. The Summer Intern will assist team members with the impact investment process, including market research, pipeline sourcing, financial analysis, investment structuring, execution, and portfolio management. This internship is ideal for someone who is eager to build foundational experience in impact investing and economic development.   

  • Develop a working knowledge of impact investing, particularly in the context of NYCEDC 
  • Support diligence in the form of market analysis, business model evaluation, and financial analysis  
  • Assist with the preparation of presentations and memorandums—to deal teams, NYCEDC executive staff, and City officials—to inform decision-making 
  • Assist with updating marketing materials, program overviews, and other external facing collateral 
  • Support outreach and education efforts to inform other organizations – including investment fund managers, community development financial institutions, real estate developers, investment banks, consultants, and other agencies – about available NYCEDC programs and to learn about what is happening in the broader impact investment ecosystem  
  • Assist with portfolio monitoring and reporting 
  • Conduct qualitative and quantitative research on how to further develop and expand SIG’s programs, including new impact investment programs as well as strategic opportunities 

Qualifications & Requirements: 

  • Preferred field(s) of study: Public Policy & Administration, Finance, Economics, or related field  
  • Must be enrolled in an undergraduate or graduate degree program; recent graduates are also encouraged to apply 
  • Demonstrated enthusiasm for the mission of NYCEDC 
  • Demonstrated written, verbal, and analytical skills; experience with financial modeling, underwriting, and quantitative analysis is a plus  
  • 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 
  • Ability to work full-time, Monday-Friday 9AM-5PM and complete the entirety of the 10-week program 

Salary Range

$20 - $25 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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