New York City's Design Economy
From May 9th to May 20th, NYC celebrates its many creative assets during NYCxDesign, the city’s 2nd annual Design Week. The 12-day celebration coincides with a report released last week by the Center for an Urban Future that states that NYC leads the nation in the number of design firms. With 65% more designers than any other metro area in the U.S., and employment at city design firms increasing by almost 10% since the 2008 recession, NYC’s status as a design capital is rising.
NYCEDC is honored to support...Read More
2014 Coney Island Opening Day
by Alexandra Silversmith, Development Analyst at NYCEDC
On Sunday, thousands joined elected officials, community leaders, residents, and business owners to usher in the 2014 Coney Island amusement season.
The day kicked off with the 29th annual Blessing of the Rides at Deno’s Wonder Wheel Park. This Palm Sunday opening partnership between the Salt and Sea Mission and the Vourderis family provides local Coney Island kids with the opportunity to enjoy the amusements in their very own backyard.
Made in NYC: Target Health
Target Health is a Made in NYC health company, founded by couple Jules Mitchel and Joyce Hays. Serving the pharmaceutical community since 1993, the company has met incredible success in its 20 years through innovative optimization of drugs, biologics, and devices.
NYCEDC is thrilled to have witnessed and supported Target Health through its participation in our Eds and Meds series of roundtables, as well as the 2013 NYC to Israel program.
We spoke with co-founder Jules Mitchel about Target Health's mission and why they are proud to be in NYC.
High School Students Code4Tomorrow At NYC GenTech's First Hackathon
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
Message From The President
New York City’s outlook entering 2014 is bright.
The City boasts continued, record-high private sector employment, surpassing a record set more than four decades ago. Supported by employment growth in the outer boroughs, the City has recovered 338% of private-sector jobs lost during the recent recession, outpacing the nation. And thanks, in part, to NYCEDC’s efforts over the past several years to diversify our City’s economy, we have seen encouraging growth in new sectors like technology and life sciences, which will help New York City maintain its competitive edge for...Read More
2013: A Look Back At The NYCEDC Blog
2013 was a busy year. Here on the blog, we've revealed who the leaders of some of NYC's next big ventures are, where the city's four-legged creatures reside, and when to catch the ferry. As we approach another year, here's a look back at our ten most read posts:Read More
Health's Importance to New York City's Economy
New Yorkers are getting healthier. In the past decade, average life expectancy for city residents has increased by 3 years to 80.9 years. This is 2.2 years longer than the average American life expectancy of 78.7 years.
This month's Economic Snapshot highlights New York City's improving health profile, and how this affects New York City's growing health care industry.
Some of the interesting trends revealed in the report:
- The health care industry accounts for 12% of NYC...
Mapped and Ready
by Kat Lau, Project Manager, Center for Economic Transformation
Today was an exciting day for broadband enthusiasts. NYCEDC announced the launch of the NYC Broadband Map, an interactive record of the broadband infrastructure available in the city, as well as the go-live launch of several free pubic wifi corridors across all five boroughs.
The NYC Broadband Map showcases the broadband speeds and technologies available in commercial buildings across the city to increase...Read More
New York City's $100 Million Investment In Life Sciences
We are thrilled to announce three exciting biotech initiatives that will help cement New York City's position as a destination for early-stage life science companies.
- The City of New York Early-Stage Life Sciences Funding Initiative: NYCEDC will commit $10 Million to the Life Sciences Fund, along with an additional $40 Million from private sector partners Celgene, General Electric Ventures, and Eli Lilly. $50 Million in matching funding from top venture capital partners will bring the total...
Upcoming NYC Tech Recruiting Events
There are two major tech recruiting events coming up for those interested in learning more about New York City's tech scene.
1. NYC Tech Talent Draft's First Ever Virtual Event
What: Come hear CTOs, CEOs and Founders of top NYC startups talk about their experiences in the booming NYC tech scene. Hear about NYC’s rapidly growing startup community, get an insider’s perspective on how to land a technical or business job/internship, learn about what it’s like to work for a startup, and hear about “a day in the life” of an NYC entrepreneur.
When: Tuesday, November 19, 6-7 pm