Impact Investing
Empire Outlets, Staten Island, NY

Goldman Sachs provided a $130 million capital investment towards the construction of Empire Outlets, a 350,000 square foot retail facility to be built in the St. George neighborhood of Staten Island. The project will drive the creation of approximately 4,930 jobs throughout the region, and will serve as an important catalyst for economic development in the community.

The investment in Empire Outlets – the largest economic development project on Staten Island since the construction of the Verrazano-Narrows Bridge – continues our longstanding commitment to the City of New York. To date, Goldman Sachs has committed $2 billion to over 100 projects in all five boroughs, supporting a wide variety of high-impact projects, including affordable housing and community and healthcare centers.  

Read the press release [PDF, 306 KB]

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