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StatsBee is a new column featuring interesting statistics about NYC, written by economists at the Economic Research & Analysis department within NYCEDC’s Center for Economic Transformation.
By Andrea Moore, Project Manager, Economic Research & Analysis
Last week, the National Venture Capital Association (NVCA) and PricewaterhouseCoopers released their most recent quarterly MoneyTree report, which provides information on U.S. venture capital deals and investment dollars. StatsBee wanted to take a quick look and assess how New York State did during the first quarter of 2013.
New York posted another solid quarter of venture capital investment, especially...Read More
By Fiona Peach, Assistant Vice President, and Andrea Moore, Project Manager, Economic Research and Analysis
New York City’s tech scene has been getting a lot of attention lately, including our most recent StatsBee post about NYC’s tech boom in 2012. ARead More
By Michael Moynihan, Chief Economist & Senior Vice President for Research & Analysis
It’s no secret that the New York City technology scene is booming. Spurred by city initiatives combined with favorable global trends, the City has incubated some of the hottest startups around. Tumblr, Foursquare and Gilt Groupe are just three examples of the City’s ability to spawn new companies that leverage the City’s existing strengths in media, communications and fashion. While startups abound, many are still privately-held, making the precise value of the overall tech sector hard to quantify. However, confirmation of the economic value of the startup scene emerges from recently released figures that testify...Read More
By Andrea Moore, Project Manager, Economic Research and Analysis
The excitement of the holidays is now behind us and we have officially entered into winter in New York City. With hectic schedules and no shortage of things to do even in chillier temperatures, City residents and visitors alike often turn to a hot cup of coffee, tea, or cocoa for a...Read More
In the August 2012 Economic Snapshot, we looked at the industries driving economic growth in New York City. One of the sectors that showed solid growth from 2010 to 2011 was Retail Trade.
While the number of Retail establishments grew at roughly the same pace as the overall private sector during the year, employment in Retail grew at a faster rate: 3.6 percent from 2010 to 2011, compared with private employment growth of 2.8 percent. When compared with the industry’s performance over the past decade, Retail’s recent boom is even more...Read More
Tennis fever will once again take over New York City next week, as the country’s largest tennis tournament returns to Queens! The US Open, which begins play on Monday, August 27, is the last of the four major tournaments of the tennis season. Nearly 713,000 people attended the US Open in 2010 (the latest year for which data are available) at theRead More
Summer officially arrived in the City on June 20, marked by high temperatures and lots of sun. While this time of year is great for outdoor activities, the heat and sunshine may put New Yorkers at risk for dehydration more so than any other time of the year. In 2011, the New York City Water Supply System provided about one billion gallons of drinking water per day to more than eight million residents in the City. At the height of this summer’s activities, it’s important for parched New Yorkers to know just where they can find water.Read More
In honor of Independence Day, StatsBee is looking at the great American traditions of barbecues and consuming hot dogs. New York City is well-known for its love of hot dogs, from the sight of street carts selling them at nearly every corner, to the nationally-televised Nathan’s Hot Dog Eating Contest in Coney Island.Read More
May is National Hamburger Month, and there is no shortage of places to celebrate in a city where everyone seems to have an opinion on the best burger joint. Like pizza, everyone has their favorite, but rather than weigh in on which one is the best, we are going to stick to looking at the numbers.
Using the latest NYC Department of Health and Mental Hygiene restaurant inspection data, we analyzed the 627 burger joints in the City...Read More
The Kentucky Derby, which takes place on Saturday, May 5th this year, is also known as “The Greatest Two Minutes in Sports.” Many traditions surround the event, including mint juleps, the rose garland, and of course the parade of hats. While the origin of the hat tradition is largely unknown, both men and women wear hats of varying shapes and sizes to the Kentucky Derby.
Though a relatively small industry, the hat/cap industry has experienced growth in recent years. From 2010 to 2011, retail sales for hats/caps increased 4%, and sales are expected to increase an...Read More