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Statement from Kathryn Wylde, President & CEO of the Partnership for New York City, on Bank of New York Mellon’s Decision to Move Headquarters Downtown

“BNY Mellon will remain a New York-headquartered institution and consolidate approximately 1,100 great jobs in Lower Manhattan, thanks to the bank’s historic commitment to the city as well as Governor Cuomo’s pro-business initiatives and the exceptional real estate opportunity offered by Brookfield Properties. This demonstrates that the value proposition in New York City as the center of the global financial industry remains strong, despite growing competition from other localities.”

About the Partnership for New York City:
The Partnership for New York City’s mission is to engage the business community in efforts to advance the economy of New York City and maintain the city’s position as the center of world commerce, finance and innovation. Through the Partnership Fund for New York City, the Partnership contributes directly to projects that create jobs, improve economically distressed communities and stimulate new business creation.