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From Brooklyn Startup to IPO, Etsy Makes Its Debut on NASDAQ

 |  NYCEDC

etsy ringing bell

Etsy sellers joined Etsy's CEO and CFO as they rang the Nasdaq bell with handmade vintage bells purchased from Etsy shops. Photo Credit: Etsy 

In just over a decade, Etsy took the artisan’s age-old desire to sell her wares and turned it into a $3.5 billion company that is revolutionizing how we think of commerce.

Today, when an artist or entrepreneur joins Etsy, they are immediately...

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NYC Tech

Helping Urban Tech Startups Reach the Next Level

 |  NYCEDC

nyc skyline

By David Gilford, Vice President, and Jason Goode, Project Manager, Clean Technology & Energy

To help New York City's entrepreneurship ecosystem grow, NYCEDC is launching a new model of support for fast-growing companies that are solving our most pressing urban challenges 

New York City has a vibrant and extensive early-stage startup ecosystem that includes NYCEDC’s network of 16 business incubators and co-working spaces. These facilities have helped over 1,000 companies and 1,500...

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March Economic Snapshot: Research and Development in the Life Sciences

 |  NYCEDC

life sciences

By NYCEDC's Economic Research and Analysis Team

NYC's life sciences ecosystem is growing.

While the dense, urban space that characterizes New York City may be the bane of our rental rate woes, the geographic proximity it provides is an asset for research and development. Studies have found that the returns to R&D investment are high when academic research and commercial development are close enough to meet up for coffee.

In the March 2015 Economic Snapshot,...

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Tech Trends and Insights, Q4 2014

 |  NYCEDC

By Kyle Marks, Project Manager, Economic Research and Analysis

New York's Internet sector attracted the largest share of NYC's venture capital investment in 2014. 

The latest figures from CB Insights and PricewaterhouseCoopers indicate continued growth of venture capital funding in New York in 2014.

New York’s total VC funding grew 53% year-on-year, while VC deals were up 7% compared to 2013. New York’s 92 deals and $1 billion in total funding for Q4 2014 were down from Q3’s 122 deals and $1.4 billion in funding.

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NYC's Growing Life Sciences Ecosystem

 |  NYCEDC

PHD Biosciences

Where would we be without MRIs or Lipitor?

These innovations revolutionized healthcare, enabling us to diagnose and treat illnesses and live healthier lives. Diagnostics technologies like diabetes tests, research facilities, and other medical devices and therapeutics (medicines) all make up a vast and vital industry known as Life Sciences.

It’s an industry that New York City is uniquely positioned to lead.

NYC: A Leader in Life Sciences

New York City is home to top pharmaceutical companies like Pfizer, Eli Lilly, and Roche. We have some of the best centers for...

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Compete To Be Best For NYC

 |  NYCEDC

best for nyc

Your business may be best in NYC, but is it the best for NYC?

New York City businesses are at the cutting-edge, offering first-class products and services. Lots of companies compete to be the best in NYC. 

But at NYCEDC, we’re asking a different question with a new initiative launched last week: can you be best for NYC?

What is Best for NYC?

When Bogota Latin Bistro, a Colombian/Latin American restaurant in Park Slope, Brooklyn, opened...

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Meet the Designer Behind NYC Tech's SXSW Logo

 |  NYCEDC

NYC Tech

South by Southwest (SXSW) is in full swing!

And NYC is holding down the fort. As one of the nation's largest music, film, and interactive conferences, SXSW Interactive is the place to rub elbows with technologists and the best minds of the startup world while getting a sneak peek into the future of technology and digital creativity.  

Representing NYC Tech

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NYC Tech

Catalyzing Futures: How the Strategic Investments Group Promotes Job Growth and Development

 |  NYCEDC

women in need

Women In Need, Inc. is a not-for-profit organization that provides housing, health services, employment assistance, and educational programming for homeless families in New York City.

Today, WIN operates 11 shelters across Manhattan, Brooklyn, and the Bronx, serving over 4,500 people—including 2,700 children—every night.

Currently based in Midtown, the need for their services has been growing, and WIN is expanding to a new facility in Harlem where they’re also operating a refurbished affordable housing development. WIN is set to develop a three-story...

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NYCIDA, Jobs, Nonprofits

February Economic Snapshot: Fashion in New York City

 |  NYCEDC

fashion runway

By Kristina Pecorelli, Senior Project Manager, Economic Research and Analysis 

Fashion is a key legacy industry in NYC.

According to the Global Language Monitor, a technology firm that tracks the worldwide frequency of words and phrases used in the media and on the Internet,...

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Mayor de Blasio Announces $150 Million Investment in Hunts Point Food Distribution Center

 |  NYCEDC

hunts point

While enjoying a home-cooked meal or visiting your favorite NYC restaurant, have you ever stopped to wonder exactly where your food comes from?

The likely answer is the Bronx.

Approximately 50% of the food that arrives to you via home cooked meals, restaurants, and New York City stores passes through the NYCEDC-managed Hunts Point Food Distribution Center. The cluster of wholesale markets in the South Bronx is one of the most important sites in the city. Its 329 acres support 115 private wholesalers that employ more than 8,000 people.

From the 1960s, local vendors from throughout the city were...

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Food, Bronx

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