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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 David Gilford, Vice President, and Jason Goode, Project Manager, Clean Technology & Energy
To help New York City's entrepreneurship ecosystem grow, NYCEDC is launching a new model of support for fast-growing companies that are solving our most pressing urban challenges
New York City has a vibrant and extensive early-stage startup ecosystem that includes NYCEDC’s network of 19 business incubators and co-working spaces. These facilities have helped over 1,000 companies and 1,500...Read More
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