Mayor Michael R. Bloomberg today announced the appointment of Eric J. Deutsch as President of the Brooklyn Navy Yard Development Corporation (BNYDC). The BNYDC is a city-contracted, not-for-profit corporation that manages the Brooklyn Navy Yard, a 264-acre, 4.3 million square foot under roof, industrial and commercial complex on the Brooklyn waterfront. The BNYDC is responsible for renting and maintaining the available spaces in the Yard, developing its underutilized areas, and overseeing the capital rebuilding of the Yard's infrastructure. Existing tenants include a variety of industries including manufacturing, theatrical set design, digital animation, contracting, and media communications.

"Eric Deutsch has the kind of real estate and finance know-how that is needed to capitalize on the Navy Yard's assets and create economic development opportunities within New York City," said Mayor Bloomberg. "Eric has worked on a diverse range of projects, ranging from the New York Stock Exchange to smaller manufacturing projects in Brooklyn and Staten Island, and has a great understanding of the economic development opportunities in the boroughs outside of Manhattan. He is a welcome addition and I am sure he will build on the successes already seen at the Navy Yard."

Prior to his appointment, Eric Deutsch held several positions at the New York City Economic Development Corporation (EDC) including Executive Director of the New York City Industrial Development Agency and Senior Vice President for Business Retention. Deutsch also served as Executive Director for the Group of 35, formed by Senator Charles E. Schumer to find opportunities for new commercial real estate development in New York City and encourage further economic growth, and was a manager for Real Estate and Hospitality Consulting at KPMG, LLP. Deutsch earned a BA at George Washington University and attended Columbia University Graduate School of Architecture, Planning and Preservation where he is a candidate for MS in Real Estate Development. He resides in Park Slope, Brooklyn with his wife and two children.

The Brooklyn Navy Yard operated for more than 150 years as one of our nation's pre-eminent military facilities. After closing in 1966, the City developed a plan to create an industrial park that would restore the civilian jobs that were lost when the Yard was closed. In 1971 most of the Brooklyn Navy Yard was re-opened as an industrial park and today, is home to more than 200 businesses of all sizes employing over 3,000 people.