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NYCEDC Launches Global Business Exchange with Milan

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NYCEDC Launches Global Business Exchange with Milan

First Exchange Program since Paris to Launch as Part of the NYCEDC Global Business Exchange

At the World Trade Week Awards Breakfast earlier this week, NYCEDC President Maria Torres-Springer announced the opening of applications for the NYCEDC Global Business Exchange — Milan. The Exchange, in partnership with the City of Milan, will build on the successes of the original Exchange with Paris to link New York City-based startups with cities across the world to attract top-notch business and talent to New York City.

“The Global Business Exchange is already providing an extraordinary link between New York City businesses and the rest of the world, with companies currently expanding into Paris, and this exchange with Milan is the next step toward tapping into international talent and consumers,”said NYCEDC President Maria Torres-Springer. “This exchange with Milan will help startups on both sides of the Atlantic unlock business opportunities and expand overseas to grow and create jobs in New York City.”

Learn how The Global Business Exchange can help expand your New York City- or Milan-based business and apply here. Applications close July 15th.

Up to ten companies from each city will receive:

  • Up to 6 months of free office space for one representative
  • Networking and mentorship opportunities
  • Exposure to your host city’s assets and business environment
  • Logistical support with long-term expansion
  • Travel credits courtesy of Delta Air Lines, the Exchange’s Official Airline
  • Access to financial and tax incentives

NYCEDC is also partnering with the Embassy of Italy in Washington D.C., the Consulate General of Italy in New York City, the Italy-America Chamber of Commerce, and the European American Chamber of Commerce to provide support for the companies during their time in New York City.


What the Paris Participants are Saying

Gaby Basora and Madeleine Gallemant

Follow the NYCEDC GBX Medium blog to hear from our participants about their experience.

Gaby Basora, founder of Tucker, says that The Exchange has resulted in “a beautiful collaboration between Tucker and French brands of all different sizes — small, brand new, hundreds of years old — perhaps these will turn into ongoing projects… I am quite excited about all of the things we are putting together. It takes time, but the wheels were set in motion because of this program.”


What Our Partners are Saying

“The Global Business Exchange with Milan is a great opportunity to strengthen the ties between New York and the city of Milan and further promote economic partnership” said the Consul General of Italy, Francesco Genuardi. “We are eager to start this great project. The companies and businesses involved can count on the full support of the Embassy of Italy in Washington D.C., the Consulate General in New York and the whole Sistema Italia.”
“A synergy that gives 20 young companies the chance to broaden the horizons of their growth, that allows them to take on the challenges of two of the most active markets, two of the most open to innovation and new forms of creativity,” said Deputy Mayor Responsible for Labor Policies, Economic Development, University and Research, Cristina Tajani of Milan. “In an ever more globalized economy businesses really must be able, with their ideas and products, to reach beyond normal borders. Initiatives like these pursue and broaden the direction already taken by the City Administration in fostering the birth and development of new enterprise ideas capable, in different fields, of representing the best of Made in Italy.”
“Delta is proud to support the next generation of global entrepreneurship through this partnership with NYCEDC Global Business Exchange,” said Chuck Imhof, Delta Air Lines Vice President-New York Sales. “Our worldwide reach from New York — and our long history of serving the Milan market in particular — positions us as a uniquely able sponsor of this valuable program. We appreciate all that NYCEDC does to encourage economic growth and development in the city we all call home.”
“We strongly believe in international cooperation as an important tool to develop business and trade relationships between countries” said Italy-America Chamber of Commerce Secretary General Federico Tozzi. “We are honored to partner with the City of New York Economic Development Corporation on this project and we will offer to the companies selected all our expertise and access to our contacts.”
“The European American Chamber of Commerce in New York is delighted to work with NYCEDC on this transatlantic exchange,” said Yvonne Bendinger-Rothschild, Executive Director, European American Chamber of Commerce. “We have already cooperated on the NYC-Paris Business Exchange and are looking forward to continue our relationship. These programs are in perfect alignment with the EACC’s mission which is to support transatlantic business relations and help companies expand either from the US to Europe or the other way around. We are looking forward to welcoming the companies from Italy and help them grow their businesses in the US market.”

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