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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.

Blog Posts by NYCEDC:

Imagine Your #FutureNYC



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.

futurenyc action

BigApps challenges New Yorkers to build tools that help solve our city’s most...

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10 Under 20: Young Innovators to Watch



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!

Ten students under the age of twenty were recently lauded for their achievements in technology and innovation at the city’s first ever

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NYC Tech

Rising to the Challenge: Home Free


walter meyer

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...

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Behind the Scenes at Hunts Point Terminal Produce Market


hunts point exotics

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.

On June 30, NYCEDC hosted the third of its

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ELab NYC Alum Suneris Launches VETIGEL


vetigel application

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’s

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Venture Capital in New York, Q1 2015


tech trends

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.

vc trends q1 2015

More Report Highlights:

  • New York’s total VC...
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New York City Leads The Way in Startup-Supportive Policy


New York City ranked first in a survey of 40 global cities, in the way it utilizes technology to foster an innovative economy.

In its first ever study of economic innovation, City Initiatives for Technology, Innovation and Entrepreneurship (CITIE) named New York City #1 in the world for a public policy ecosystem that is supportive of startups. Placing ahead of London, Helsinki, Barcelona, and Amsterdam, New York City’s long-term investment in tech appears to have paid off.

The 56-page study, sponsored by British charity Nesta, management consultancy firm Accenture, and...

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June Economic Snapshot: Immigrant Employment Trends


June Snapshot

By Christian Johnson, Economic and Research Analysis Research Fellow

NYC is home to the largest immigrant population of any city in the U.S.  

While foreign-born immigrants comprised 13.1% of the entire U.S. population and 16.5% of the U.S. labor force in 2013, foreign-born immigrants accounted for 37% of all NYC residents and 46% of the NYC labor force. 

Foreign-born workers are not only able to find work in NYC, but have also found opportunities to grow businesses of their own; a disproportionate share of incorporated businesses in NYC, 47.6%, are owned and operated...

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Let's Talk Data: I Quant NY's Ben Wellington Speaks At NYCEDC


By Devin Gould, Budget Analyst, Guest Blogger, and NYCEDC Social Media Advisory Council Member

Improv, urban planning, and quantitative analysis are not usually used in the same sentence. 

But for I Quant NY’s Ben Wellington it is the perfect cocktail to help planners make NYC a better place to live.

On June 3rd, Ben Wellington—a visiting assistant professor at the Pratt Institute and the vision behind the NYC open data blog, I Quant NY—came to NYCEDC's offices...

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Deputy Mayors of Amsterdam and 'New Amsterdam' Meet in New York City to Strengthen Ties


It’s been more than 350 years since New York City was called New Amsterdam or "Breuckelen," the "Bronck’s," and "Staaten Eylandt" —but even today, there’s a long-standing relationship between our city and the Dutch government.

Earlier this week, Deputy Mayor for Housing and Economic Development Alicia Glen met with Deputy Mayor Kajsa Ollongren, her counterpart from Amsterdam, to discuss opportunities for collaboration between the two cities.

As a result of the meeting, which included leaders from Amsterdam’s startup world and representatives from the Dutch Consulate, NYCEDC and

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