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Thanksgiving in New York City: Parade, Tourism & Shopping

 |  NYCEDC

Thanksgiving By the Numbers

The Macy's Thanksgiving Day Parade draws 3.5 million enthusiastic visitors to Manhattan, as well as roughly 50 million television viewers. Festivities held over the long weekend have enticed thousands of tourists to visit New York City, boosting business for the city’s 50,000 hospitality workers and 300,000 food and beverage service employees. The economic benefits are clear: last November, retailers employed 360,000 New Yorkers for busy holiday shopping season that is kicks off on Black Friday.

Adding to the fun is Small Business Saturday which spurs business for the city’s roughly 207,600...

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Economic Data

October Sugar High: New Yorkers Love Chocolate & Sour Patch Kids

 |  NYCEDC

Candy and pumpkins energize the city that never sleeps.

This upcoming Halloween, 94 percent of Americans plan to purchase candy when polled by the National Retail Association. Applied to New York City’s population, this means that nearly 8 million people in the City will be flooding the closest Duane Reade and Trader Joe's for sweets. 

Still deciding on treats for Halloween night? According to the sales data from the online retailer Candy Store, the New York State candy favorite is Sour Patch Kids. From 2007-2015, New Yorkers have ordered 198,000 lbs. of Sour Patch Kids on average from the online store in the...

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Economic Data

Apply for Up to $30,000 in Futureworks NYC Growth Initiative Grants!

 |  NYCEDC

Futureworks NYC Growth Initiative grants help startups like Sunhouse fund engineers, assist with product development, hire strategic consultants, and obtain other advanced manufacturing tools. The Sunhouse Sensory Percussion drum kit is revolutionizing the instrument. Credit: Sunhouse

NYCEDC is proud to announce the second round of Futureworks NYC Growth Initiative grants for early-stage advanced manufacturing companies. If you are a manufacturing startup or developing advanced manufacturing technologies, you could receive up to $30,000 in funding to support your growth here in New York City. No strings attached.

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Futureworks NYC

State of Manufacturing in New York City

 |  NYCEDC

To celebrate National Manufacturing Day, the Economic Research and Analysis team at NYCEDC looked at trends in the manufacturing industry in New York City. We found that the sector is on the rise, employing over 78,000 workers in 2015, or 2.1% of the city’s private sector employees. Specifically, since 2011, employment in manufacturing has grown 3.3% in the City. The size of manufacturing establishments is also expanding, with the average New York manufacturer employee base growing +8.1% in the last year alone.

Economists at Moody’s are also predicting that manufacturing will contribute an increasing amount to Gross City Product (GCP) over the next several decades (see below figure),...

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Economic Data

The NYCEDC Innovation Index: A Closer Look

 |  NYCEDC

Take an in-depth look at each of the metrics by visiting our interactive Innovation Index at http://www.nycedc.com/economic-data/innovation-index

The Economic Research & Analysis (ERA) team at New York City Economic Development Corporation (NYCEDC) updates their Innovation Index in order to quantify and monitor the status of innovation in New York City. NYCEDC is interested in innovation because it has long been at the forefront of economic analysis. While some economists argue that innovation is crucial for economic growth, others claim that it is only a natural by...

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From Yvonne Stennett: The Future of Inwood Relies on Us

 |  NYCEDC

Dear Neighbor,

As the Executive Director of the Community League of the Heights (CLOTH), a community development organization dedicated to supporting and empowering all residents in Inwood and Washington Heights, I actively work on addressing an array of community needs, from finding affordable housing to getting better education, from providing health and youth services to revitalizing our neighborhood. CLOTH’s simple philosophy is that our doors are always open to neighbors in need and Inwood is one of our core areas of focus.

Inwood is a hidden treasure, with amazing parks and cultural assets, as well as many existing affordable rental units. Over the years, CLOTH...

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Feast on Savory Stats: Fourth of July Hot Dog Prices Drop

 |  NYCEDC

How do Americans celebrate Fourth of July? NYCEDC analyzed the Independence Day traditions of everyday Americans to answer this very question.

As expected, many Americans will attend outdoor parties, join in on barbecues, and spend the evening gazing at the fireworks. Thousands of spectators will also travel to Coney Island for Nathan’s annual hot dog eating contest.[1] This is no average year for the best-of-the-wurst Nathan’s: the iconic hot dog vendor is celebrating its 100th anniversary, totaling over 435 million sausages sold at its 40...

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NYCEDC Launches Global Business Exchange with Milan

 |  NYCEDC

NYCEDC Launches Global Business Exchange with Milan

First Exchange Program since Paris to Launch as Part of the NYCEDC Global Business Exchange

At the World Trade Week Awards Breakfast earlier this week, NYCEDC President Maria Torres-Springer announced the opening of applications for the NYCEDC Global Business Exchange — Milan. The Exchange, in partnership with the 

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NYCxDESIGN Returns: May 3 - May 17

 |  NYCEDC

On May 3rd, 2016, NYCxDESIGN, New York City's official celebration of global design, returns for its fourth year. 

NYCxDESIGN was created in collaboration with the New York City Council in 2013 with a goal to showcase the important role that the design industry plays in the City’s economy, and to entice design enthusiasts from around the world to visit and explore NYC’s rich diversity of design offerings. Managed by NYC & Company and NYCEDC and informed by a Steering Committee composed of leaders...

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Design

April Economic Snapshot: Biodiversity in NYC

 |  NYCEDC

A closer look at New York City’s biodiversity.

Coyotes in Inwood Park, beavers in the East River, and a Painted Bunting in Brooklyn…in our concrete jungle, it can be easy to think that nature exists somewhere else, but the city’s five boroughs are home to an extraordinary number of habitats and species. In honor of Earth Day, our monthly snapshot takes a closer look at New York City’s biodiversity.

New York City sits at the mouth of the Hudson River, where it empties into the Atlantic Ocean. Freshwater, saltwater, wetlands, and woodlands all make up parts of the cities ecosystem, but plants and animals have also found interesting ways to adapt to...

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