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By NYCEDC's Economic Research and Analysis Team
NYC's life sciences ecosystem is growing.
While the dense, urban space that characterizes New York City may be the bane of our rental rate woes, the geographic proximity it provides is an asset for research and development. Studies have found that the returns to R&D investment are high when academic research and commercial development are close enough to meet up for coffee.
In the March 2015 Economic Snapshot,...Read More
By Kyle Marks, Project Manager, Economic Research and Analysis
New York's Internet sector attracted the largest share of NYC's venture capital investment in 2014.
The latest figures from CB Insights and PricewaterhouseCoopers indicate continued growth of venture capital funding in New York in 2014.
New York’s total VC funding grew 53% year-on-year, while VC deals were up 7% compared to 2013. New York’s 92 deals and $1 billion in total funding for Q4 2014 were down from Q3’s 122 deals and $1.4 billion in funding.
Where would we be without MRIs or Lipitor?
These innovations revolutionized healthcare, enabling us to diagnose and treat illnesses and live healthier lives. Diagnostics technologies like diabetes tests, research facilities, and other medical devices and therapeutics (medicines) all make up a vast and vital industry known as Life Sciences.
It’s an industry that New York City is uniquely positioned to lead.
New York City is home to top pharmaceutical companies like Pfizer, Eli Lilly, and Roche. We have some of the best centers for...Read More
Your business may be best in NYC, but is it the best for NYC?
New York City businesses are at the cutting-edge, offering first-class products and services. Lots of companies compete to be the best in NYC.
But at NYCEDC, we’re asking a different question with a new initiative launched last week: can you be best for NYC?
When Bogota Latin Bistro, a Colombian/Latin American restaurant in Park Slope, Brooklyn, opened...Read More
South by Southwest (SXSW) is in full swing!
And NYC is holding down the fort. As one of the nation's largest music, film, and interactive conferences, SXSW Interactive is the place to rub elbows with technologists and the best minds of the startup world while getting a sneak peek into the future of technology and digital creativity.
Women In Need, Inc. is a not-for-profit organization that provides housing, health services, employment assistance, and educational programming for homeless families in New York City.
Today, WIN operates 11 shelters across Manhattan, Brooklyn, and the Bronx, serving over 4,500 people—including 2,700 children—every night.
Currently based in Midtown, the need for their services has been growing, and WIN is expanding to a new facility in Harlem where they’re also operating a refurbished affordable housing development. WIN is set to develop a three-story...Read More
By Kristina Pecorelli, Senior Project Manager, Economic Research and Analysis
Fashion is a key legacy industry in NYC.
According to the Global Language Monitor, a technology firm that tracks the worldwide frequency of words and phrases used in the media and on the Internet,...Read More
While enjoying a home-cooked meal or visiting your favorite NYC restaurant, have you ever stopped to wonder exactly where your food comes from?
The likely answer is the Bronx.
Approximately 50% of the food that arrives to you via home cooked meals, restaurants, and New York City stores passes through the NYCEDC-managed Hunts Point Food Distribution Center. The cluster of wholesale markets in the South Bronx is one of the most important sites in the city. Its 329 acres support 115 private wholesalers that employ more than 8,000 people.
From the 1960s, local vendors from throughout the city were...Read More
This post is part of NYCEDC’s Thinking Ahead series, which features editorials from New York City leaders and influencers across key sectors and neighborhoods to foster dialogue around the issues impacting our city. Read more Thinking Ahead posts here.
The following was written by Jessamyn Rodriguez, Founder and CEO of Hot Bread Kitchen (HBK), a social...Read More
This week, we're sharing a whole new side of Essex Street Market by showcasing the vibrant and dynamic stories behind the merchants at this historic culinary destination.
When Mayor Fiorello La Guardia established the market in 1939, it became a fixture of the Lower East Side. Since then, the neighborhood has evolved, turning the market into a melting pot of distinctive shops that offer a wide array of ethnic and artisanal offerings,...Read More