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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.
By Amir Beshay, Project Manager, International Desk, Center for Economic Transformation
Paris is famous for being one of the world's top destinations for cuisine, art, and culture.
As the home of the Louvre, Eiffel Tower, and over 75 Michelin Star restaurants, the City of Lights certainly ranks near the top of destination-worthy spots.
In addition to its beauty, Paris also touts a vibrant economy, a growing tech ecosystem, and an entrepreneurial community that is among the best in Europe and the world.Read More
Will Electric Cars Take Over The Streets of New York City Soon?
Dutch electric vehicle charging company EV-Box bets that they will, predicting that 100,000 electric vehicles will be in the Northeast within the next three years.
And by the looks of the company’s explosive growth, those vehicles will have more places to charge up before hitting the road.
Instead of filling up at gas stations, Electric Vehicles (EV) plug into the grid just like any other appliance. This requires the installation of charging points equipped with...Read More
Zach Aarons is co-founder and advisor of MetaProp NYC, a real estate technology accelerator that brings together the brightest minds in real estate and technology to help quickly build our industry’s most promising young companies.
This week, NYCEDC has partnered with MetaProp NYC...Read More
By Kristina Pecorelli, Assistant Vice President, Economic and Research Analysis
Farmers’ markets are a mainstay in many NYC neighborhoods, but that wasn’t always the case.
GrowNYC’s Greenmarket program operates approximately half of...Read More
Go Electric has developed a system of round-the-clock power supply monitoring to eliminate surprise power interruptions.
Superstorm Sandy highlighted the vulnerability of New York City’s energy infrastructure, leaving millions without power and bringing the city to a grinding halt.
Without power, small businesses suffered greatly: servers went down, refrigeration systems turned off, and fuel station pumps were rendered useless. In the aftermath, it became clear that in order to increase energy resilience, small businesses needed to decrease their reliance on the grid.Read More
No matter what neighborhood you live in, we are in your community, listening to your voice.
Over the past few weeks, NYCEDC has been spending more time on the ground, speaking directly to communities to develop new neighborhood strategies.
Engaging with local residents is critical to the way we plan and implement future projects. After all, New Yorkers know best what their neighborhoods need. That’s why we’re getting input on priorities from the people who actually live, work, and play in neighborhoods all across the city.
This bottom-up approach to...Read More
Challenging. Eye-opening. Life-changing.
These are the words high-schoolers use to describe NYC GenTech, a tech-entrepreneurship summer program for students in lower-income communities across all five boroughs. GenTech provides hands-on learning experiences and mentorship opportunities for NYC’s budding entrepreneurs.
On September 17th, NYC GenTech finished off its 4th year with a standing-room only Demo Night.
Three finalist teams pitched their mobile apps and socially-minded...Read More
It's an exciting week for anyone interested in learning to fix and create things in New York City. Maker Faire is here!
Maker Faire is the week that hackers, designers, roboticists, wearable fashionistas, programmers, creators, burners, forever learners, and the endlessly curious wait for all year long.
This weekend, World Maker Faire will make its presence known at the New York Hall of Science to showcase some of the most interesting, wacky, creative inventions around.
On Saturday, September 26th and Sunday,...Read More
By Alysa Hannon, Senior Project Manager, Center for Economic Transformation's Social Capital Desk
How do cities build a new urban practice?
On September 16, NYCEDC staff gathered for a discussion on this very question as part of our Policy to Practice Speaker Series featuring Ben Hecht, President and CEO of Living Cities. The event was organized by NYCEDC's Social Capital Desk and Chief Diversity and Innovation Officer Valerie Kennedy.
Hecht shared insights on innovative urban practices across the U.S. that are...Read More
By Kimberley Grauer, Project Manager, Economic and Research Analysis
New York Fashion Week Fall 2015 may be over, but the impact of living in one of the epicenters of the global fashion world is felt year-round.
In the September 2015 Economic Snapshot, we look at one portion of the NYC fashion industry: manufacturing.
In 2014, fashion manufacturing employed approximately 22,210 workers in NYC, equivalent to 12% of the fashion industry and 30% of the manufacturing industry.
As seen in Figure I...Read More