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It's no secret that young people love New York City.
Twenty-somethings who reside here have been the subject of many a TV show. But are they really as prevalent as pop culture would like us to think? And what about the under-18 age group?
These questions and more are answered in this month's Economic Snapshot. Our Economic and Research team defines the city's young, working population as those between the ages of 20-34. Indeed, that population has grown an average of 3% each year since 2008. As of 2012, they comprise a quarter of the city's total population. Meanwhile, NYC's under-18 population has steadily dropped to 21.4%.
Over the next few months, we will be featuring the characters who make up the bustling corner of Delancey and Essex Street.
A historic culinary destination on the Lower East Side, Essex Street Market is home to more than 20 independent merchants. This week we spoke with Emilie, an employee at Heritage Meat Shop (pictured with a chicken below). The story behind the shop reflects the market's diversity and how the people behind its businesses contribute uniquely to the NYC economy.
By Pasha Gol, Project Manager, Center for Economic Transformation
Eighty students gathered at Microsoft’s NYC headquarters in Times Square last Saturday at 9 am, eager to begin an intense, day-long adventure as part of NYC Generation Tech’s (GenTech) first NYC hackathon. Seasoned GenTech veterans were joined by students from across the five boroughs to “Code4Tomorrow.”
Their challenge: to identify ways to make a positive change in the communities where they live and to think about solutions for large social problems related to health, education, employment, and seniors. Students were asked to build a website/app...Read More
Shortly after showing at last September's Fashion Week, Becca McCharen was announced as the grand prize winner of Design Entrepreneurs NYC (DENYC), a mini-MBA program that equips select fashion designers with the business skills needed to successfully run a fashion label. Since then, the budding fashion designer has been busy designing new collections for her company, Chromat. Drawing from her training as an architect and urban designer, Becca creates garments for Chromat that are "structural...Read More
HowAboutWe was founded in 2010 as a dating site, but it's now officially a media company as well. Last month, HowAboutWe acquired Nerve.com and launched HowAboutWe Media, a new independent media network with four online publications devoted to the topic of modern love. Though the company no longer focuses strictly on dating, its purpose remains the same: reflecting and celebrating the basic values underlying the pursuit of love.
HowAboutWe co-founders Brian Schecter and Aaron Schildkrout, who have been friends since high school, shared their thoughts on what it's like to work at their company.
by Andrea Moore and Kristina Pecorelli, Economic and Research Analysis
Good news, single ladies!
According to Census data, the number of single men ages 20 to 34 in NYC increased by nearly 5% from 2010 to 2012, compared to a 2% increase among single women of the same age. In other words, there are now 1.04 single men for every single woman in the city, up from 1.02 in 2010.
*This map is an update of our 2012 analysis of singledom in the city.Read More
By Lara Croushore, Assistant Director and Sander Dolder, Senior Project Manager
Center for Economic Transformation
Hurricane Sandy revealed significant vulnerabilities in New York City’s buildings and infrastructure networks. It displaced entire communities, stalled business activity, shut down transit systems, and interrupted critical utility networks for days. In the aftermath of Sandy, New York City now looks to prepare for a future that may include more frequent storms and severe weather. Hurricane Sandy taught New York City a lot about preparedness—but...Read More
We are proud to announce the finalists for the NYC Next Idea competition. The six chosen teams come from a competitive pool of over 240 new ideas submitted from 51 countries across the globe. After two rounds of rigorous judging, NYCEDC and Columbia University are excited to welcome the finalists to NYC!
The six teams have won all-expense paid trips to NYC in April 2014 and will compete in a live judging round for $35,000, along with in-kind prizes including incubator space, legal advice, and payroll and benefits services. The teams will be matched with NYC...Read More
Founded in 2011, Onswipe is a New York City-based tablet publishing company that creates customized mobile sites for web publishers. Before starting Onswipe, founder Jason Baptiste worked on Cloudomatic, a business web app store that was acquired in 2011 with his business partner.
Since then, Onswipe has taken off, as documented on TechStars, Bloomberg TV's documentary series which featured companies that were part of TechStars' New York City accelerator in 2011.
Jason ...Read More
As New York City kicks off New York Fashion Week (NYFW) , we are happy to announce—with Mayor de Blasio and First Lady McCray—the seven inaugural winners of the Fashion Manufacturing Initiative (FMI).
FMI is a $3 million public-private program, co-administered by NYCEDC and Council of Fashion Designers of America, that supports and promotes growth of small businesses in the city’s fashion and manufacturing sectors.
The seven winners will receive grants ranging from $46,000 to $150...Read More