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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 Alysa Hannon, Senior Project Manager, Center for Economic Transformation's Social Capital Desk
How do cities build a new urban practice?
On September 16, NYCEDC staff gathered for a discussion on this very question as part of our Policy to Practice Speaker Series featuring Ben Hecht, President and CEO of Living Cities. The event was organized by NYCEDC's Social Capital Desk and Chief Diversity and Innovation Officer Valerie Kennedy.
Hecht shared insights on innovative urban practices across the U.S. that are...Read More
By Kimberley Grauer, Project Manager, Economic and Research Analysis
New York Fashion Week Fall 2015 may be over, but the impact of living in one of the epicenters of the global fashion world is felt year-round.
In the September 2015 Economic Snapshot, we look at one portion of the NYC fashion industry: manufacturing.
In 2014, fashion manufacturing employed approximately 22,210 workers in NYC, equivalent to 12% of the fashion industry and 30% of the manufacturing industry.
As seen in Figure I...Read More
Pilot Health Tech NYC 2015 Has Launched!
NYCEDC, in partnership with Health 2.0 and Blueprint Health, is proud to announce today’s kickoff of Pilot Health Tech NYC 2015.
Pilot Health Tech NYC is a pioneering innovation initiative: a unique marketplace for digital health technologies, connecting buyers and sellers through curated matchmaking, technical assistance, and competitive commercialization awards.
Since launching in 2013, the Pilot Health Tech NYC program has successfully stimulated the growth...Read More
Without a doubt, the new juicery and brewery in Prospect Lefferts Gardens, House of Juice, is a "Made in Brooklyn" business.
Equipped with a "Garden to Cup" ethos, House of Juice's organic ingredients come from gardens in Brooklyn (including one in its own backyard!). House of Juice also serves its own freshly-brewed alcohol ciders, making it both a juicery and brewery—evoking the local spirit of Brooklyn in every sense.
House of Juice got its start as one of the inaugural group of small businesses offered affordable rent space at the...Read More
Superstorm Sandy knocked out wireless cell towers in its path, leaving millions unable to communicate when they needed to most.
Realizing the need for off-grid communication, particularly in the case of a natural disaster, siblings Daniela and Jorge Perdomo developed goTenna, a small communications device that pairs wirelessly with a smartphone using Bluetooth Low-Energy.
Consisting of an antenna, rechargeable Lithium-polymer battery, micro-USB connector, and a flash memory that can store hundreds of messages, goTenna devices are able to generate...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.
Buildings are static, but business is dynamic.
Having started several companies and served as a Techstars mentor, David Mandell was all too familiar with the bane of every startup’s existence: office space. He...Read More
By Kristina Pecorelli, Assistant Vice President, Economic and Research Analysis
A new, affordable means of transportation to waterfront communities in New York City is coming soon...
Citywide Ferry Service!
With service set to launch in 2017, water transit in NYC is the focus of our August 2015 Economic Snapshot.
Ferry service between Manhattan and what are now Governors Island and Brooklyn dates back to the 1630s.
By 1870, the ferry...Read More
By Royce Gene, Intern, Urban Innovation & Sustainability, Center for Economic Transformation
New York’s power grid is old, unreliable and increasingly more strained–and it doesn’t take a Superstorm Sandy to prove it.
On hot summer days in the city, the vulnerability of our system can be just as apparent.
NYC-based smart grid company CALM Energy has developed a product that can help address this challenge, without requiring billions in capital investments to the grid.Read More
Hi, our names are Viany Mejia and Theodore Perry.
We attend the Urban Assembly School for Global Commerce in East Harlem and have had the opportunity to intern with NYCEDC's Ports and Transportation department this summer. It's been a busy one!Read More
By Marcela DeLorenzo, NYCEDC Social Media Advisory Council Member and Guest Blogger
Welcome to the new frontier.
On July 25, I attended an enlightening behind the scenes walking tour of Staten Island.Read More