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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.
We are thrilled to announce South Bronx Overall Economic Development Corporation (SoBro) as the grand prize winner of our third annual Competition THRIVE.
SoBro is taking home a $100,000 award to fully implement their United Business Cooperative. Congratulations, SoBro!
Competition THRIVE challenges community groups, businesses, and other organizations from the public and private sectors to develop creative proposals that support entrepreneurship in...Read More
By Kevin McCaffrey, Senior Project Manager, Economic Research and Analysis
Subway commuting data can offer clues to the residential and commercial use of space in the city.
Like any major city, New York City has some areas that are more residential and some that are more commercial. Getting a better understanding of where people live, work, and commute to can help to inform planning decisions that will support economic and residential growth development in new and emerging areas.
For example, you might think that people work in more commercial areas like Midtown and Lower Manhattan, and live in more residential areas like Upper Manhattan and the other boroughs. The MTA's turnstile data, which counts each rider who enters the subway system...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.
The following is written by Eric Ho, founder of miLES, a civic start-up that activates urban neighborhoods through the installation of pop-ups on vacant land assets. Here, Eric explains how pop...Read More
New York City has always been the global gateway for immigration.
From the shores of Ellis Island to the halls of JFK Airport, the multi-ethnic, cross-cultural fabric of the City has never been more apparent than through the city's varied cuisine.
Across neighborhoods like Greenpoint, Park Hill, Morrisania, Jackson Heights, and East Harlem - whether it’s selling empanadas on the corner or baking homemade goods - entrepreneurs in these diverse communities have brought us delicious treats and added brilliant new flavors to New York City’s melting pot.
2014 was another busy year for NYCEDC.
Under the de Blasio administration, we embarked on initiatives that create new paths to prosperity for all New Yorkers through expanded living wage laws and the reactivation of landmark cultural institutions. At the same time, 2014 served as a continuation of our work to build...Read More
By Kristina Pecorelli, Senior Project Manager, Economic Research and Analysis
While many will associate John F. Kennedy International Airport with heightened passenger travel this month, the holiday season is also the airport’s busiest time of the year for freight and mail shipments.
In the December Economic Snapshot, we explore the world’s largest international air cargo hub by freight value. JFK International Airport handled more than 1.3 million tons of cargo worth nearly $2 billion in 2013. Though still number one in the world in terms of value, JFK fell four spots in the national...Read More
By Max Taffet, Project Manager, Ports and Transportation Division
Over the month of November, I had the opportunity to be an NYCEDC Instagram Ambassador.
Before taking on the temporary title, I never could have guessed the variety of subjects and places I’d capture for my Instagram posts. When thinking about photo content, I regularly asked myself, “Is this right for the NYCEDC Instagram feed?”
After a month of posting, I’m surprised to say almost everything that came to mind was “right," or at the very least, not “wrong." NYCEDC is an...Read More
The following post is written by Adam Enbar, who co-founded The Flatiron School in October 2012. The Flatiron School teaches passionate and creative people mobile and web development. Since October 2012, the school has trained hundreds of web and iOS developers, includingRead More
What does the future of New York City hold?
It’s no small question, but here at NYCEDC it’s among the big questions that drive us every day.
There are many: how do we develop opportunities for New Yorkers at all rungs of the economic ladder? How can we creatively use resources to improve transportation and housing? How do we foster the next generation of talent? Most fundamentally: How do we make New York City the best place to live, work, play, and raise a family?
We have the privilege of working with...Read More
The future of NYC's fashion manufacturing is bright.
In the December episode of our Meet the Makers podcast series, Miquela Craytor, the director of the Industrial Desk, sits down with Bob Bland, the founder of Manufacture NY, a fashion design and production incubator for independent designers.Read More