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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.
When it comes to fashion, NYC needs no introduction.
The city is synonymous with some of the world's biggest designers and brands. As we celebrate our fashion heritage and future during Fashion Week, it’s worth reflecting on the origins of an industry that today boasts a nearly $900 million economic impact.
Over 100 years ago, thousands of New Yorkers worked in garment factories in Manhattan. Their efforts moved a generation into the middle class, ushered in social...Read More
By Kat Lau and Matthew Weinberg, Center for Economic Transformation, Media and Emerging Tech Desk
As the nation’s fastest-growing tech hub, it is only fitting that New York City have a bold presence at the nation’s largest tech event.
This year, NYCEDC is partnering with New York Tech Meetup to coordinate the City’s official presence at SXSW, and we’d love for you to join us. If you’re going to SXSW, let us know so we can include you in our events and programming! Read on to see what we have planned so far,...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 Jake Schwartz, CEO and co-founder of General Assembly, a global educational...Read More
Do you live in a FRESH neighborhood?
The FRESH program, which stands for Food Retail Expansion to Support Health, was created in 2009 to provide nutritious, affordable, fresh food options to underserved communities. Zoning and financial incentives are available to eligible grocery store operators and developers as a way to encourage neighborhood grocery stores to renovate existing retail space in communities needing more healthy food options.
Since launching, a total of 20 FRESH projects...Read More
By Lenzie Harcum, Biosciences and Health Tech Desk
Are you researching a cure for cancer, incubating a new application for clinical record keeping, or developing a diagnostic test for Alzheimer's?
Maybe you’re convinced that you’re working on a game-changing technology, all while you travel ever closer to the Valley of Death—that zone somewhere between the initial development of your innovative idea and proof that it has potential in the marketplace.
The rub is that you need capital to jump start your concept from the idea stage to something marketable. If there is high technical...Read More
Meet the Makers is NYCEDC’s podcast series that shares the stories of the next generation of manufacturers who live and work right here in NYC.
The 6,000 square...Read More
There is no shortage of food options in New York City.
With food as creative and diverse as pizza, bagels, sushi, empanadas, artisanal cheese, and all of the ethnic offerings in between, New York City is rightfully called the food capital of the world.
The business of food is booming throughout the five boroughs. Food service is how young entrepreneurs, immigrants and natives alike, connect their heritage with their city. Add local artisans, street vendors, and restaurateurs, major food manufacturers, and vast distribution networks to the mix, and we see how food is a vital...Read More
By Maureen Ballard, Project Manager, Economic Research and Analysis
New York City's food manufacturing industry has witnessed a strong resurgence since 2005.
After a rapid decline in the number of food manufacturing jobs and businesses in the late 90s and early 2000s, it seemed that food production was moving out of the city for good. However, since 2005, new businesses have seeded and employment has returned to levels comparable to those in 2000. Much of this growth can be attributed to small and medium-sized businesses of less than 20 employees. Food...Read More
What's incubating, NYC?
To date, NYCEDC has helped launch 15 startup incubators and co-working spaces across New York City's five boroughs. Over 1,000 startup businesses supporting 1,500 jobs have benefited from City-sponsored incubators, and these spaces provide affordable working space to innovative and promising entrepreneurs who are building businesses.
This Incubator Series provides an inside look into each unique workspace, the companies they house, and how they promote economic growth in New York City.
By Ivan Khilko, Senior Project Manager, Economic Research and Analysis
New York City is an ideal environment for education technology startups.
With steady sources of funding, as well as access to one of the largest school systems in the country, new companies are able to test their products on a total of two million students (a quarter of the city’s population) and 347,000 teachers (nine percent of the total workforce). CUNY, with more than 480,000 students, is the city's largest public higher education system and twice as large as the entire University Of California system.Read More