Competition THRIVE Finalists Announced


Congratulations to the five finalists of Competition THRIVE, a business plan competition to support immigrant entrepreneurs in New York City. Competition THRIVE is jointly funded by NYCEDC and Deutsche Bank Americas Foundation, and is administered by Baruch College's Lawrence N. Field Center for Entrepreneurship.

Each of the finalist organizations below will receive seed funding of $25,000 to address challenges that face this immigrant business community, including credit access, financial management, language barriers, and connections to business networks. Selected from 39 proposals, the winning five proposals were:

  • Accion USA: Program will address immigrant entrepreneurs and their access to...
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NYC Tech Stats & Facts


NYC Tech Stats & Facts infographic thumbnail

Why choose NYC as the home for your new media enterprise?

With more than $642.2 million in venture capital flooding the New York Metro area in Q2 2011, the City surpassed Boston as the leading location for deals outside Silicon Valley. In fact, a total of 98 companies in the Manhattan area received funding at that time.

Venture capitalists invested $2.2 billion in the New York City metro area last year, up 30% from 2009.

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City of Water Day: A Beer Bottle’s Journey


On Saturday, July 16th, about 15,000 people attended the Metropolitan Waterfront Alliance’s 4th annual City of Water Day Festival. City of Water Day is a free event that celebrates the magnificent waterways surrounding New York City, educating the public about the waterfront’s potential to be a vibrant and diverse place to live, work and play—in essence, a celebration of the City’s “sixth borough.”

NYCEDC participated by demonstrating the life-cycle of how one of New York City’s most important imported goods—beer—travels by water from Rotterdam in the Netherlands to neighborhood grocery stores and restaurants through the City’s Red Hook Container Terminal,...

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Green, Waterfront

Fast Company: “Nerd York City: Why Bloomberg Wants A NYC Tech Campus”


Fast Company writes about our Applied Sciences NYC initiative:

Mayor Michael Bloomberg's administration has been vocal about their desire to bring a world-class applied science school to New York City. The media-titan-turned-mayor is accepting proposals for an applied science campus to be built on city land; submissions are due on Friday, October 28. A who's-who of local and national names are hoping NYC will give them the contract. . . .

Find out more by visiting the NYCEDC website, and like Applied Sciences NYC on Facebook.

Photo credit: Fast Company

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Renovation of Federal Building in Sunset Park Breaks Ground


Mayor Bloomberg, NYCEDC, and Congressmembers Nydia M. Velázquez and Jerrold Nadler broke ground today on the renovation of Federal Building #2 in Sunset Park, Brooklyn. The vacant 1.1 million-square-foot warehouse building will be converted to a state-of-the-art industrial facility, with 85% of the space to be used for light manufacturing purposes and 15% for retail. The full renovation will create about 1,300 permanent industrial jobs and 400 construction jobs.

In May, developer...

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