From Brooklyn Startup to IPO, Etsy Makes Its Debut on NASDAQ
In just over a decade, Etsy took the artisan’s age-old desire to sell her wares and turned it into a $3.5 billion company that is revolutionizing how we think of commerce.
Today, when an artist or entrepreneur joins Etsy, they are immediately...Read More
NYCEDC Instagram Showcases Best Of The City
NYCEDC is on Instagram!
To mark the occasion, we held a company-wide Instagram contest, receiving over 370 submissions from NYCEDC employees. We chose 3 photos that we thought beautifully expressed the vitality, beauty, and character of NYC.
"NYC Fleet Week Opsail 2012", Julie Gresack
This photo was taken during a boat cruise for NYC Fleet Week 2012 which featured tallships that only come once every ten years. Despite the rain, I heard a rumbling that wasn’t thunder through the clouds. I looked up to find that it was...
A Stronger, More Resilient New York: An Ambitious Proposal to Protect the City Against the Effects of Climate Change
Mayor Michael R. Bloomberg today presented “A Stronger, More Resilient New York,” the comprehensive and ambitious report that analyzes the city’s climate risks and outlines recommendations to protect neighborhoods and infrastructure from future climate events. In the aftermath of Hurricane Sandy, Mayor Bloomberg launched the Special Initiative for Rebuilding and Resiliency and charged it with recommending steps the City should take to protect against the impacts of climate change.
Under the...Read More
New Citi Commissioned EIU Report Projects New York to Continue Reign as Most Competitive City in 2025
A new Economist Intelligence Unit (EIU) research report, "Hot Spots 2025: Benchmarking the Future Competitiveness of Cities,” commissioned by Citi, reveals that New York City is expected to continue to be the most competitive city globally in 2025. The city leads in a number of competitiveness categories in the report, and is among the most competitive in terms of financial maturity, institutional character and economic strength. Released at the New Cities Summit in São Paulo, the report forecasts the competitiveness of 120 cities in 2025 based on their projected ability to attract capital, business, talent and tourists.
NYC Business Innovation Challenge
When you invest in your employees, everybody wins. Enter the NYC Business Innovation Challenge.
This week, NYCEDC and Next Street launched the NYC Business Innovation Challenge, which is part of NYCEDC’s LINK initiative to better connect the City’s low-income residents with emerging opportunities. NYC Business Innovation Challenge is designed to help businesses better engage their employees to drive higher productivity and increased revenues. This Challenge invites...Read More
New "LINK" Initiative Connects Low-Income New Yorkers with Economic Opportunities
Today, Mayor Bloomberg and NYCEDC announced the “LINK” Initiative (Leveraging Innovations and our Neighborhoods in the Knowledge economy), eight new programs designed to connect low-income New Yorkers with opportunities in the city’s knowledge economy.
These programs are designed to strengthen the skills and employability of New Yorkers with low incomes and to foster business activity that provides employment opportunities for those with less formal training, helping to alleviate key challenges that prevent many from moving up the economic ladder. The LINK Initiative aims to increase opportunities for New Yorkers across the five boroughs.<...Read More
New York City "I Made It Here" Stories
New York City has inspired and produced some of the world’s most leading entrepreneurs and companies. Find out from these engaging, first person stories how these diverse owners "made it" in New York City. From fashion to the arts, manufacturing to digital and tech—get a firsthand perspective of what it took for these individuals and their companies to succeed. The City is working hard to create new business opportunities throughout the five boroughs, and companies...Read More
More than $11 Million Approved for Small Businesses Through City's Emergency Loan Fund
NYC Department of Small Business Services and NYCEDC recently announced more than $11 million in loans approved for small businesses through the City’s Emergency Loan Fund, which was made available just days after Hurricane Sandy. Did you know:
- More than $1.5 million in matching grants have also been distributed to businesses approved for the City’s Emergency Loan.
- A total of $15 million was made available in the fall through the Emergency Loan Fund by the New York City Economic Development Corporation, Goldman Sachs, and the New York Bankers Association.
- Additionally, $5.5 million was immediately made available in matching...
Port Authority and NYCEDC Study Calls for Modernization and Access Improvements to Help Boost Air Cargo at JFK Airport
Industry and government agencies can significantly bolster the competitive position of JFK’s air cargo services by improving truck access, replacing outdated buildings and business practices, while also boosting promotional efforts, according to a study released today by the Port Authority of New York...Read More
Let's Hear It for #NYCTechCity
We want to hear from you why New York City Tech is best – and far superior to its numerous urban siblings laying claim to the title “tech hub.”
Tweet it, Instagram it, Tumble it, Pin it, Vine it, you name it. Show us why #NYCTechCity is best, especially following yesterday's news on the front page of amNewYork that New York City’s tech businesses are leaving other cities in the dust. 2012 was a great year, with NYC tech acquisitions totaling $8.3 billion,...Read More