Summer Intern, Strategic Investments Group - Funds & Advisory

NYCEDC • New York, NY

49d • $20 - $25

About The Position

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.

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

Responsibilities

• 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

Benefits

• 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

What This Job Offers

• Job Type: Full-time
• Career Level: Intern
• Industry: Administration of Economic Programs
• Education Level: No Education Listed
• Number of Employees: 251-500 employees