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By fostering economic growth and developing programs that help businesses and entire business sectors achieve success, we strengthen the City. Our work helps create jobs and positions New York City for future growth while improving the quality of life. We make the City stronger.
Superstorm Sandy's powerful winds and unprecedented high waves devastated New York City's coastline.
A record-setting thirteen-foot storm surge inundated subway tunnels, office buildings, and businesses, causing billions in flood damage and revealing our coastline’s vulnerability in an era of rising sea levels.
F. William Brown LLC, in conjunction with Flood Panel, LLC. offers a full range of flood protection services to protect small businesses from the threat of flooding and costly flood damage in the face of a future storm.
By Christian Johnson, Economic and Research Analysis Research Fellow
TAMI—an acronym for Technology, Advertising, Media, and Information—is a term used to describe fast growing, innovative industries.
In the July 2015 Economic Snapshot, we explore the employment trends and growth of the TAMI sector in New York City.
TAMI includes subsectors such as app and software development, research and development, and broadcasting. These industries are often characterized by...Read More
By Katie Rosman and Matthew Weinberg, Center for Economic Transformation
The term “moonshot” has come to define a breakthrough technological solution to a pressing, global-scale problem.
Examples range from giant underwater buoys that harness the renewable power of wave motion to durable balloons that beam internet connectivity to disconnected geographies.
"Moonshots help drive the radical solutions that are necessary to solve some of humanity's toughest challenges," says Katy Kasmai, Google Program Manager and founder of UbiTech.co. “They propel humanity forward because they challenge our assumptions about...Read More
We are thrilled to welcome Maria Torres-Springer back to NYCEDC!
After being appointed President and CEO last month, Maria Torres-Springer steps into her new role at NYCEDC today.
Maria comes to NYCEDC from her post as Commissioner of the City’s Department of Small Business Services, where she focused the agency’s work around three key pillars: creating good jobs, stronger businesses, and a fairer economy.
From overseeing first-of-its kind...Read More
What's Your #FutureNYC Vision?
That’s the question we posed to attendees at last Thursday’s launch of the sixth annual BigApps competition, NYC’s premier civic tech initiative and the largest civic innovation competition in the country.
BigApps challenges New Yorkers to build tools that help solve our city’s most...Read More
By Jake Mansoor, Intern, Media and Emerging Tech Desk at the Center for Economic Transformation
A Wireless Epilepsy Detector. Carbon Microtubes. Robots.
Exciting innovations lie ahead of us but many are, in fact, already here—thanks to some young New York City innovators!Read More
Solar power played a crucial role in the recovery of the Rockaway peninsula during Hurricane Sandy.
Leading the solar recovery effort was a non-profit, Power Rockaways Resilience (PRR) whose founders include three urban sustainability designers, engineers, and technical experts: Walter Meyer,Jennifer Bolstad, and R. David Gibbs. They formed the organization to help the Rockaway community in the aftermath of the storm by quickly deploying solar and other renewable off-grid technologies to help...Read More
By Kazuki Sakamoto, NYCEDC Guest Blogger and Assistant Vice President in Management Information Systems
New Yorkers have palates as diverse as the city's population, but how exactly does fresh produce end up in our grocery stores and dining tables?
The answer can be found at Hunts Point Terminal Produce Market in the Bronx, which supplies approximately half of the produce you find in NYC produce aisles.Read More
You don’t have to be an eagle scout to learn how to stop a bleeding wound. But you may have to be a young genius.
Back in 2012, Joe Landolina, then a freshman at NYU Polytechnic School, invented VETIGEL, a plant-based gel that stops severe bleeding in less than twelve seconds.
Soon after, he co-founded the medical technology company Suneris with his classmate Isaac Miller, and embarked on a mini-MBA program through NYCEDC’sRead More
By Kyle Marks, Project Manager, Economic Research and Analysis
The latest figures from CB Insights and PricewaterhouseCoopers indicate a strong start to 2015 for venture capital investment in New York.
New York’s total VC funding grew to $1.33 billion in Q1 2015, up 33% from Q4 2014. VC deals were down 15.4% from the previous quarter.
More Report Highlights: