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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 Kat Lau, Project Manager, and Virginia Maloney, Senior Project Manager, Media & Emerging Technology
NYC’s tech scene is booming! With over 1000 tech companies now calling the city home and new jobs opening up every day, the Big Apple is a top destination for talented job seekers.
NYCEDC is doing its part to help connect talented college students with the growing pool of NYC tech companies. Through on-campus events, student trips to NYC, virtual events, and an online common application, this year’s NYC Tech Talent Draft program connected over 3,500...Read More
The following is a letter from our NYCEDC president, Kyle Kimball, in response to an open letter published May 15 on VentureBeat, from Todd Krizelman to Mayor de Blasio.
It’s great to see a company like yours, which has grown, in small part because of our efforts, reaching out to make sure we continue to pay attention to the tech ecosystem. Your success, and that of others in your NYCEDC NYC Venture Fellows class such as Foursquare, Etsy, SecondMarket, and Gilt Groupe, makes us proud that so many participants have grown their businesses in NYC, adding high-quality jobs and expanding the city’s tech...Read More
How much are New Yorkers spending each year?
$58,658, on average, according to the Consumer Expenditure Survey from the U.S. Bureau of Labor Statistics (BLS). This is 6.2% higher than households in the Northeast and 14% higher for the United States as a whole.
Our May Economic Snapshot reveals where New Yorkers are spending the most money and how we compare to other metro areas. Some of the findings may surprise you.
From May 9th to May 20th, NYC celebrates its many creative assets during NYCxDesign, the city’s 2nd annual Design Week. The 12-day celebration coincides with a report released last week by the Center for an Urban Future that states that NYC leads the nation in the number of design firms. With 65% more designers than any other metro area in the U.S., and employment at city design firms increasing by almost 10% since the 2008 recession, NYC’s status as a design capital is rising.
NYCEDC is honored to support...Read More
We are proud to announce the 2014 finalists for the Industrial Growth Initiative Program.
The program, developed and run in partnership with Next Street Financial, provides small industrial businesses the opportunity to learn specialized growth and development strategies from industry experts in New York City.
The Industrial Growth Initiative is comprised of two phases of workshops which precede the business plan competition. In the first phase, NYCEDC partnered with Next Street to lead business growth workshops across the five...Read More
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