New York Times: "Moving to U.S. and Amassing a Fortune, No English Needed"
Today's read: The New York Times highlights the growing success of immigrant entrepreneurs across the City, despite language barriers.
Immigrants are a significant and important piece of the City’s entrepreneurial economy, as immigrants account for 49% of all self-employed workers in New York City. In addition, foreign-born workers comprise about 70% of those working within the food manufacturing industry.
NYCEDC has a number of programs and initiatives to support both immigrant entrepreneurs and the food manufacturing industry, including...Read More
Roadify Reflects on Winning NYC BigApps 2.0
Guest Blog by Dylan Goelz, Head of Marketing and Design, Roadify
For our team, the NYC BigApps ceremony this year was a surreal event. We were there as happy spectators, content to enjoy a free beer and congratulate the winners. After all, our basement startup had fought well, but ended in second place in the Popular Choice category, ceding the podium to a surging Sportaneous. So we prepared ourselves for a relaxed event of mingling amongst fellow contestants. To our complete shock, we instead found ourselves onstage shaking hands with Mayor Bloomberg,...Read More
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...
NYC Tech Stats & Facts
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...Read More
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...Read More
The New York Times: "East River Ferries Are a Hit"
The East River service is an experiment to spur development in revitalized sections of the industrial riverfront in Queens and Brooklyn. The boats connect Midtown and the financial district near Wall Street with, for the fall and winter, five spots on the east side of the river.
On weekdays, the boats have...
Fashion students, enter Fashion Draft NYC now
The style blog of The Financial Times writes about Fashion Draft NYC:
Parsons and the New York City Economic Development Corporation team up to create Fashion Draft NYC," an initiative that "will bring a select group of top business-minded students from around the world to New York City to network and interview with fashion executives," and follows Fashion Campus NYC, a career-building and networking event co-organized by NYCEDC and Parsons this past July to help talented students pursue fashion business careers in New York City.
Next Steps for Applied Sciences NYC
Mayor Bloomberg announced that the City has received seven qualifying responses to Applied Sciences NYC, the City's groundbreaking economic development initiative to build or expand a state-of-the-art engineering and applied sciences campus in New York City. Seventeen world-class institutions from around the globe responded to the Request for Proposals, which seeks a university, institution, or consortium to develop and operate a new or expanded campus in the City in exchange for access to City-owned land and up to $100 million in City capital.
The responses to the Applied Sciences NYC Request for Proposals were from the following institutions for the following sites:
- Amity University (Governors Island) ...
Hudson Yards Welcomes the Fashion Label Coach
Mayor Bloomberg announced today that Coach will be the first anchor tenant of Hudson Yards, the City's historic development project on Manhattan's West Side. Coach will take over 600,000 sq ft, more than one-third of the available commercial space at the initial tower of the Eastern Rail Yards site; together with the completion of the #7 subway line extension and the new Hudson Boulevard Park, this will kick-start the...Read More