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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.
A historic culinary destination on the Lower East Side, Essex Street Market is home to more than 20 independent merchants. This series features the characters that make up the bustling corner of Delancey and Essex Street.
Calling all cheese aficionados! Saxelby Cheesemongers is the first cheese shop in the country devoted solely to American farmstead cheese. Much to the delight of New York City cheese lovers, owner Anne Saxelby has curated a unique selection of cheeses from...Read More
New Yorkers certainly have no lack of eating options. The accommodation and food services sector saw a nearly 6% jump in job growth in the past year, more than any other sector.
Our July Economic Snapshot examines the industries driving employment and establishment growth in NYC. From 2012 to 2013, 11 of the 18 major industry groups...Read More
By Matthew Weinberg, Senior Project Manager, and David Gilford, VP and Director, at Center for Economic Transformation
At IDEO’s #NYHacksWaste event this past Saturday, competitors were given 24 hours to create innovative tech solutions that addressed the issue of waste in New York City. Finished products ranged from “Tinder-like” apps that match people with unwanted items to a reusable coffee mug that works like Citibike. The winning team, Footprint...Read More
Senvol is a NYC-based startup at the forefront of additive manufacturing.
In April, we announced Senvol as the winner of our fifth annual NYC Next Idea Global New Venture Competition. The group, founded in Philadelphia but now based in NYC, is at the forefront of 3D printing and was selected from over 240 teams from 51 countries—the most diverse pool of applicants to date for NYC Next Idea!
Prior to founding Senvol in 2013, co-founders Annie Wang and Zach Simkin attended The Wharton School as MBA...Read More
Many residents are eagerly awaiting the opening of Sunset Park’s Bush Terminal Piers Park, and we at NYCEDC are too. This project has been in the making since the Sunset Park Community began advocating for a waterfront open space in the ‘90s, and we are eager to welcome in the park’s neighbors.
Here is an update on the progress made thus far and next steps that will be taken, as discussed at last night’s meeting at UPROSE with Council Member Menchaca and representatives from the offices of Representative Nydia Velazquez, Speaker Melissa Mark-Viverito, Borough President Eric Adams, State Senator Velmanette Montgomery, Assembly Member Felix Ortiz, and Community Board 7.
Construction of the open space is nearing completion. Thanks to our partnerships with several City, State...Read More
The cell phone. The air conditioning unit. Deep-fried twinkies.
These are just a few examples drawn from New York City’s long history of invention and innovation— a history that continues to evolve today, as the boroughs brim with ideas driven by the needs and imaginative powers of New Yorkers. At NYCEDC, we work to give people with ideas the tools they need to tinker, test and ultimately turn their ideas into thriving companies that create jobs. So we are proud to announce that applications for the 2014 round ofRead More
By Lara Croushore, Assistant Director at NYCEDC's Center for Economic Transformation
Removable storm surge barriers, wireless mesh communication networks, batteries charged by solar and wind, disaster preparedness software...
These are just a few of the technologies in the running for NYCEDC’s $30 million technology competition, RISE : NYC, Resiliency Innovations for a Stronger Economy.
How can innovative technologies help strengthen New York City’s economy by preparing small businesses for natural disasters? To...Read More
Immigrants are a driving force of New York City's economy.
We are pleased to announce the finalists for the third annual Competition THRIVE, a program that aims to support New York City's vibrant community of immigrant entrepreneurs. Competition THRIVE, held in cooperation with the Western Union Foundation and the Deutsche Bank Americas Foundation, invites proposals from community groups, businesses, and other organizations to develop programs that will assist immigrant entrepreneurs.
New York’s foreign-born...Read More
By Andrew O'Shaughnessy and Shahriar Khan, Center for Economic Transformation
On June 26th, Pilot Health Tech NYC culminated in a demo day and celebration at the Alexandria Center for Life Science – NYC. Pilot Day was attended by 200 leaders from the City’s health tech, healthcare and venture communities who were treated to dynamic presentations from this year’s winning teams. The winning teams took home $1,000,000 in funding to validate new technologies through pilots in...Read More