Announcing Second Class of Design Entrepreneurs NYC and Additional Funding from G-III Apparel Group
NYCEDC and the Fashion Institute of Technology (FIT) announced the second class of New York City-based fashion companies selected for Design Entrepreneurs NYC, a free, intensive “mini-MBA” program that teaches emerging fashion designers how to run a successful label. The program, which will launch at a kickoff orientation and reception at the G-III Apparel Group (G-III) offices in Midtown, will take place during the summer at FIT, led by FIT faculty and other industry professionals, and will focus on fashion business marketing, operations and financial management.
NYCEDC and FIT also announced that NYCEDC’s financial contribution to the program will be matched by a generous gift from G-III. This gift will be used, in part, to award two participants funding to help advance their businesses. The top two business plans, judged by an expert panel at the end of the program, will receive $25,000 and $10,000 in funding, respectively. The G-III gift will also be used to provide financial workshops, networking opportunities and business-related informational events for both past and current program participants.
“Fashion in New York City is a $98 billion industry, spurred in large part by the success and growth of small businesses. Design Entrepreneurs NYC will help cultivate the next generation of fashion designers and businesses, allowing New York City to continue to thrive and remain the world’s fashion capital.” - NYCEDC Executive Director Kyle Kimball