Behind the Scenes at Hunts Point Terminal Produce Market


hunts point exotics

By Kazuki Sakamoto, NYCEDC Guest Blogger and Assistant Vice President in Management Information Systems 

New Yorkers have palates as diverse as the city's population, but how exactly does fresh produce end up in our grocery stores and dining tables?

The answer can be found at Hunts Point Terminal Produce Market in the Bronx, which supplies approximately half of the produce you find in NYC produce aisles.

On June 30, NYCEDC hosted the third of its

Read More

ELab NYC Alum Suneris Launches VETIGEL


vetigel application

You don’t have to be an eagle scout to learn how to stop a bleeding wound. But you may have to be a young genius.

Back in 2012, Joe Landolina, then a freshman at NYU Polytechnic School, invented VETIGEL, a plant-based gel that stops severe bleeding in less than twelve seconds.

Soon after, he co-founded the medical technology company Suneris with his classmate Isaac Miller, and embarked on a mini-MBA program through NYCEDC’s

Read More

Venture Capital in New York, Q1 2015


tech trends

By Kyle Marks, Project Manager, Economic Research and Analysis

The latest figures from CB Insights and PricewaterhouseCoopers indicate a strong start to 2015 for venture capital investment in New York.

New York’s total VC funding grew to $1.33 billion in Q1 2015, up 33% from Q4 2014. VC deals were down 15.4% from the previous quarter.

vc trends q1 2015

More Report Highlights:

  • New York’s total VC...
Read More

New York City Leads The Way in Startup-Supportive Policy


New York City ranked first in a survey of 40 global cities, in the way it utilizes technology to foster an innovative economy.

In its first ever study of economic innovation, City Initiatives for Technology, Innovation and Entrepreneurship (CITIE) named New York City #1 in the world for a public policy ecosystem that is supportive of startups. Placing ahead of London, Helsinki, Barcelona, and Amsterdam, New York City’s long-term investment in tech appears to have paid off.

The 56-page study, sponsored by British charity Nesta, management consultancy firm Accenture, and...

Read More

June Economic Snapshot: Immigrant Employment Trends


June Snapshot

By Christian Johnson, Economic and Research Analysis Research Fellow

NYC is home to the largest immigrant population of any city in the U.S.  

While foreign-born immigrants comprised 13.1% of the entire U.S. population and 16.5% of the U.S. labor force in 2013, foreign-born immigrants accounted for 37% of all NYC residents and 46% of the NYC labor force. 

Foreign-born workers are not only able to find work in NYC, but have also found opportunities to grow businesses of their own; a disproportionate share of incorporated businesses in NYC, 47.6%, are owned and operated...

Read More

Let's Talk Data: I Quant NY's Ben Wellington Speaks At NYCEDC


By Devin Gould, Budget Analyst, Guest Blogger, and NYCEDC Social Media Advisory Council Member

Improv, urban planning, and quantitative analysis are not usually used in the same sentence. 

But for I Quant NY’s Ben Wellington it is the perfect cocktail to help planners make NYC a better place to live.

On June 3rd, Ben Wellington—a visiting assistant professor at the Pratt Institute and the vision behind the NYC open data blog, I Quant NY—came to NYCEDC's offices...

Read More

Deputy Mayors of Amsterdam and 'New Amsterdam' Meet in New York City to Strengthen Ties


It’s been more than 350 years since New York City was called New Amsterdam or "Breuckelen," the "Bronck’s," and "Staaten Eylandt" —but even today, there’s a long-standing relationship between our city and the Dutch government.

Earlier this week, Deputy Mayor for Housing and Economic Development Alicia Glen met with Deputy Mayor Kajsa Ollongren, her counterpart from Amsterdam, to discuss opportunities for collaboration between the two cities.

As a result of the meeting, which included leaders from Amsterdam’s startup world and representatives from the Dutch Consulate, NYCEDC and

Read More

NYCEDC's Social Capital Desk Invests In Change


Investing in Change

By Alysa Hannon, Senior Project Manager, Social Capital Desk at the Center for Economic Transformation

On Wednesday night, NYCEDC's Social Capital Desk joined over 100 attendees at Investing in Change, an event organized by the Partnership Fund for New York City, DarcMatter, and the Centre for Social Innovation to showcase businesses that are growing our economy while also solving our City’s problems. 

NYCEDC co-sponsored the event in a joint effort to highlight NYC’s vibrant and growing social enterprise sector...

Read More

SBIR Impact: Measuring Its First Two Years



In the first two years of the SBIR Impact NYC program, over $5 million in federal funds have been awarded to program participants, representing a 25-fold return on investment.

SBIR Impact is a NYCEDC program designed to help NYC-based bio and health tech companies be more competitive in recruiting early-stage funding, SBIR funding is crucial as it addresses what the industry calls the “Valley of Death”—that crucial gap for any company after institutional research grants run out and before investors step in.

Read More

Rising to the Challenge: Floodproofing NYC with OptiRTC


Thousands of homes and businesses were ravaged by floodwaters during Hurricane Sandy. 

The team behind OptiRTC saw an opportunity to combine three different technologies—cloud-based sensors, physical floodproofing, and alert systems—to help protect buildings in New York City from future floods. 

As one of eleven winning teams in our RISE : NYC competition, Geosyntec Consultants will share up to $30 million with the other winners to implement the OptiRTC technology...

Read More


Searching for a rewarding career in NYC? There could be a position waiting for you at NYCEDC.


Stay up to date with NYCEDC

Contact Us

Do you have a question, comment or suggestion for us? We would like to hear from you.

Follow Us

Social Media Customer User Policy