Feast on Savory Stats: Fourth of July Hot Dog Prices Drop
How do Americans celebrate Fourth of July? NYCEDC analyzed the Independence Day traditions of everyday Americans to answer this very question.
As expected, many Americans will attend outdoor parties, join in on barbecues, and spend the evening gazing at the fireworks. Thousands of spectators will also travel to Coney Island for Nathan’s annual hot dog eating contest. This is no average year for the best-of-the-wurst Nathan’s: the iconic hot dog vendor is celebrating its 100th anniversary, totaling over 435 million sausages sold at its 40,000 food...Read More
NYCEDC Launches Global Business Exchange with Milan
NYCEDC Launches Global Business Exchange with Milan
First Exchange Program since Paris to Launch as Part of the NYCEDC Global Business Exchange
At the World Trade Week Awards Breakfast earlier this week, NYCEDC President Maria Torres-Springer announced the opening of applications for the NYCEDC Global Business Exchange — Milan. The Exchange, in partnership with the https://www.comune.milano.it/wps/portal/ist/en" rel="nofollow...
NYCxDESIGN Returns: May 3 - May 17
On May 3rd, 2016, NYCxDESIGN, New York City's official celebration of global design, returns for its fourth year.
NYCxDESIGN was created in collaboration with the New York City Council in 2013 with a goal to showcase the important role that the design industry plays in the City’s economy, and to entice design enthusiasts from around the world to visit and explore NYC’s rich diversity of design offerings. Managed by NYC & Company and NYCEDC and informed by a Steering Committee composed of leaders...Read More
Sunshine in the City: The Power of Solar in NYC
When you think about solar panels, a New York City rooftop is likely not the first place you envision. But NYC’s high costs of electricity and progressive renewable energy policies make going solar in the five boroughs not only feasible, but economical.
As a member of the NYC Solar Partnership, NYCEDC works to support the deployment of renewable energy and the companies that make solar possible in New York City.
Yesterday, http://www1.nyc...Read More
Rising to the Challenge: NYC Daylighting Inc.
By Nicole Spina and Kokei Otosi, Urban Innovation & Sustainability, Center for Economic Transformation
Solatube Daylighting Systems create a more resilient New York by bringing daylight indoors.
When Superstorm Sandy hit in 2012, Rockaway residents and business owners Mike and Susan Shea were firsthand witnesses to the devastation. While they worked to repair their home and family business, the dire situation highlighted an opportunity for the Sheas to strengthen the resiliency of their own community by decreasing its reliance on the power grid.
The Sheas are long-time owners of Rockaway-based NYC Daylighting, a...Read More
smArtapps comes to NYC with eyes set on America’s 35,000 museums
smArtapps’s mission is to offer a new experience for museums and cultural venue visitors. To enhance the museum experience, we have developed a variety of digital solutions tailor-made for each institution that we work with. In France — and especially in Paris — we already work with the greatest cultural institutions: the Eiffel Tower, Musée Picasso-Paris, and the fourteen museums of the city of...Read More
My Meeting with the First Female Mayor of Paris: A Moment I Will Never Forget in Mogul’s History
Crowd Based Capitalism – Thinking Ahead with Prof. Arun Sundararajan
By Maria Surilas, Research Assistant, Economic Research and Analysis
Airbnb, Uber, TaskRabbit and Lyft. These companies are just a few examples of what has been called the “sharing economy.” On Friday, February 26th, as part of its Thinking Ahead speaker series, NYCEDC hosted Prof. Arun Sundararajan of the Stern School at NYU to discuss the evolution and impact of the sharing economy. An authority on what he calls the “Crowd Based Capitalism”, the title of a forthcoming book, Prof. Sundararajan has advised the National Economic Council, the Federal Reserve Bank, the White House, and the Federal Trade Commission on the explosion of...Read More
B&B Carousell Added to the National Register of Historic Places
B&B Carousell added to the National Register of Historic Places
We’re excited that B&B Carousell was just added to the National Register of Historic Places! NYCEDC played a key role in the preservation of this historic Coney Island gem, managing the meticulous 6 year restoration. You can watch a short documentary that showcases the restoration process.
History of the B&B Carousell
The period between 1880 and the early 1930s has been labeled as the golden age of carousel production, with between 2,000 and 3,000 carousels produced in Brooklyn during this time...Read More
February Economic Snapshot: Small Businesses in NYC
By Kimberly A. Grauer, Project Manager, Economic and Research Analysis
Small businesses are a hugely important part of the economy.
The Small Business Administration recently cited that over 99.7 % of all employers are small firms across the United States. Small businesses are especially important in NYC, employing approximately 1.7 million individuals as of Q4 2014. Recently, the Center on Urban Future, a NYC think tank, found that just over 90% of all NYC businesses actually had fewer than 20 employees. According to their research, this is a higher percentage than all but one of the 363 metro areas...Read More