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Applied Sciences NYC Update

 |  Seth Pinsky

In just one week, we will reach the City's deadline for academic institutions to submit their final proposals for Applied Sciences NYC, a groundbreaking initiative that has the potential to permanently impact the future of our local economy and create thousands of new jobs.

Last December, we launched Applied Sciences NYC with a Request for Expressions of Interest in which we received 18 responses from 27 top-tier science and engineering institutions around the world. In July, we began the next phase of the project with the issuance of a final Request for Proposals (RFP). This RFP seeks a university, institution or consortium to develop and operate a new or expanded applied sciences and engineering campus in New York City.
...

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The New York Times: "East River Ferries Are a Hit"

 |  NYCEDC

The New York Times praised our East River Ferry Service, which offers commuters a new transportation option and will help to revitalize New York City's waterfront:

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 been running...

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Fashion students, enter Fashion Draft NYC now

 |  NYCEDC

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.

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Next Steps for Applied Sciences NYC

 |  NYCEDC

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)
  • Carnegie...
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Hudson Yards Welcomes the Fashion Label Coach

 |  NYCEDC

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 development of the...

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Hudson Yards

Heading to the SXSW Startup Village

 |  NYCEDC

Thanks to everyone who voted for our SXSW panel proposals back in August! We're excited to announce that NYCEDC panel proposal, "Silicon Alley: Startup Ecosystem That Never Sleeps," was selected from 3,200 proposals to be part of the SXSW Startup Village next March.

Start spreading the news...the New York City tech renaissance is underway. Silicon Alley, as NYC’s booming tech startup cluster is known, has a vibrant culture with unique competitive advantages. Through its recent rapid expansion, Silicon Alley has outpaced Boston and begun to rival Silicon Valley. What will Silicon Alley look like...

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New York Times: "Moving to U.S. and Amassing a Fortune, No English Needed"

 |  NYCEDC

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 two kitchen...

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Roadify Reflects on Winning NYC BigApps 2.0

 |  NYCEDC

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,...

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NYC BigApps

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 their access to...
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