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To highlight the progress New York City has made as a manufacturing hub, we are thrilled to announce the launch of Making It Here, a yearlong series of programs organized in partnership with Open House New York (OHNY) that explores manufacturing in the city today.
Through tours, talks, and other programs, New Yorkers will have a chance to visit and learn about how older industrial buildings are being revitalized to support new modes of manufacturing, as well as how some legacy manufacturers have been able to stay in place over time and thrive .
As the OHNY blog reports,Read More
Lua is a Made in NY startup with communication at the center of its mission. A classic startup story, the mobile communications company was established in 2010 by three friends in a Manhattan basement. The name, Lua, derives from an ancient Hawaiian martial art that emphasizes silent but effective communication. It's this philosophy that drives Lua's modern mobile enterprise with the goal of helping modern workforces coordinate and operate efficiently as one single unit.
We spoke with co...Read More
Thanks to NYC GenTech's Spring Break Game Jam, 68 NYC high schoolers can now add "mobile game creator" to their resumes.
Hosted in partnership with the Network for Teaching Entrepreneurship (NFTE) andRead More
By Andrea Moore, Senior Project Manager, Economic Research and Analysis
The first quarter of 2014 was New York State’s best first quarter for venture capital since 2001, according to newly released data. New York’s deals and dollars were down slightly from the record-breaking Q4 2013, which was New York’s best overall quarter since 2000, but the first quarter of the year often shows a dip. New York finished second behind California in number of deals and third behind California and Massachusetts in overall dollars invested in the quarter.
Venture Capital Trends in New...Read More
Studies report that America's interest in STEM (science, technology, engineering, and math) subjects is waning. In fact, the President’s Council of Advisors on Science and Technology states that roughly 40% of college students who major in engineering and science switch majors before graduation.Read More
A historic culinary destination on the Lower East Side, Essex Street Market is home to more than 20 independent merchants. Over the next few months, we will feature the characters that make up the bustling corner of Delancey and Essex Street.
Name a Scandinavian pantry staple and you'll likely find it at Nordic Fish Preserves. From pickled herring to cardamom cake to grapefruit marmalade, this Essex Street Market business manages to stock a wide assortment of items, all under the watchful eye of Vern, the shop's famous caribou. Owner Annika Sunduik shares the history behind her Scandinavian stall.
By Kristina Pecorelli, Economics Research and Analysis Project Manager
This week, NYCEDC released the latest Neighborhood Trends & Insights report that explores the evolving neighborhood of Astoria, Queens.
Astoria, a neighborhood in northwest Queens, is home to a wide array of residents from all over the world. In 2009, National Geographic’s ...Read More
Almost half of New York City residents commute to a job outside their borough of residence.
New York City is a city of commuters. According to the U.S. Census Bureau's American Community Survey, about 3.8 million NYC residents worked in 2012, with more than 94% of them working outside their homes.
Our April Economic Snapshot provides an update of last year's report on New York City commuter patterns, detailing some of the most fascinating trends by borough.
by Alexandra Silversmith, Development Analyst at NYCEDC
On Sunday, thousands joined elected officials, community leaders, residents, and business owners to usher in the 2014 Coney Island amusement season.
The day kicked off with the 29th annual Blessing of the Rides at Deno’s Wonder Wheel Park. This Palm Sunday opening partnership between the Salt and Sea Mission and the Vourderis family provides local Coney Island kids with the opportunity to enjoy the amusements in their very own backyard.
Last week, NYCEDC hosted an info session for Competition To Help Reach Immigrant Ventures and Entrepreneurs (THRIVE). In its third year, the program encourages new and innovative ideas that assist immigrant entrepreneurs in starting, operating, and expanding their businesses in New York City.
The session brought together past THRIVE winners to share tips and insights on the application process. The panel included four previous first and second place winners: Queens Economic Development Corporation (QEDC), BOC Network, New York Public Library (NYPL), and last year's grand prize winner CAMBA ...Read More