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April Economic Snapshot: Commuting Trends in NYC

 |  NYCEDC

Brooklyn

Almost half of New York City residents commute to a job outside their borough of residence. 

New York City is a city of commuters. According to the U.S. Census Bureau's American Community Survey, about 3.8 million NYC residents worked in 2012, with more than 94% of them working outside their homes.

Our April Economic Snapshot provides an update of last year's report on New York City commuter patterns, detailing some of the most fascinating trends by borough.

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March Economic Snapshot: Patents and Innovation in New York City

 |  NYCEDC

New York City has made headlines for major acquisitions and record high venture capital funding in recent years.

As Crain's reported in January, venture capital funding in the New York metro region posted its highest numbers since 2001 in year-end and fourth-quarter totals of 2013. In accordance with this data, our March Economic Snapshot reports that over the past decade $2.9 billion was spread over 396 deals. 

In addition to venture funding, other key indicators of innovation have experienced significant growth including...

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February Economic Snapshot: Young People and Families in NYC

 |  NYCEDC

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%.

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International Students in NYC

 |  StatsBee

by Kevin McCaffrey, Economics Research and Analysis Project Manager 

More international students are now attending U.S. colleges than ever before. According to a report by the Institute of International Education, there are currently 40% more international students studying in the U.S. than there were 10 years ago. 

In New York City alone, 46,870 foreign students were enrolled during the 2012–2013 school year. U.S. News & World Report states that both New York University and Columbia University...

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Ice Skating Rinks in NYC

 |  StatsBee

by Kristina Pecorelli, Economics Research and Analysis Project Manager

While New York City continues to face blustery, cold, and snowy weather, it's easy to forget all of the fun cold-weather activities around the city. Whether you’re looking to switch up your post-New Year’s exercise routine or are in search of a romantic setting for a winter date night, New York City’s outdoor skating rinks—scattered throughout the five boroughs—-offer an enjoyable way to weather the cold while taking in some of the city’s most breathtaking skyline views. 

Many skaters have turned to the new LeFrak...

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StatsBee

Retail in New York City

 |  NYCEDC

by Kristina Pecorelli, Economics Research and Analysis Project Manager

New York City, which witnessed enduring population growth and a record number of visitors in 2013, is home to the densest pool of consumers in the country. This significantly benefited the city’s retail sector, which takes the focus of the newest installment of our Industry Trends & Insights series. Interesting takeaways from the https://www.nycedc.com/sites/default/files/filemanager/Resources/Economi......

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Immigrants and International Students in New York City

 |  NYCEDC

Immigrants have long been an integral part of New York City. With more than 3 million foreign-born residents and over 40,000 international students, New York City has been called the "most immigrant-friendly city in the world."

This month's Economic Snapshot reveals that the New York metropolitan region is home to more international students than any other metropolitan region in the U.S., making it a hub for foreign talent. 

Some of the interesting trends revealed in the report:

  • Foreign-born residents comprise almost 40 percent of NYC's total population and almost 45 percent of the City's working-age population. <...
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Subway and Bus Ridership in New York City

 |  NYCEDC

Despite the recent recession, New York City's subways and buses are chugging along at full speed. This month's Economic Snapshot states that in 2012, annual subway ridership reached its highest level in 62 years. Furthermore, weekend ridership matched an all-time high set in 1946 during the City's recovery from World War II.

Some of the interesting trends revealed in the report: 

  • The Queens Aqueduct-North Conduit Avenue station off the A line posted the single largest increase in ridership at 213 percent, followed by the Manhattan Cortlandt Street station off the R.

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Neighborhood Profile: Gowanus, Brooklyn

 |  NYCEDC

Gowanus is a Brooklyn neighborhood that sits between Park Slope, Carroll Gardens, and Boerum Hill. Known for the Gowanus canal and a history of heavy manufacturing, Gowanus is quickly earning a reputation as a home to artisanal manufacturers,"micro" manufacturing, and emerging desination restaurants.

This month's Neighborhood Trends and Insights report reveals how the economic fabric of Gowanus has shifted considerably from the 1600s, when Gowanus oysters were an international export, to...

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Free Public Pools in NYC

 |  StatsBee

Map of all 56 free public pools in NYC

Although summer isn't officially over until September 22nd, Labor Day is traditionally viewed as the last day of summer vacation.  It will also be the final day to put in your laps at any of the 56 free outdoor swimming pools located throughout New York City. According to the NYC Department of Parks & Recreation, Manhattan has the greatest number of outdoor pools with 16 pools, but Brooklyn falls right behind with 15.

Borough# of Pools 
Bronx9<...
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