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Competition THRIVE Finalists Announced

 |  NYCEDC

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...
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La Marqueta Open House

 |  NYCEDC

La Marqueta - Urban Garden CenterLa MarquetaLa Marqueta

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

 |  NYCEDC

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

 |  NYCEDC

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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