State of Manufacturing in New York City
To celebrate National Manufacturing Day, the Economic Research and Analysis team at NYCEDC looked at trends in the manufacturing industry in New York City. We found that the sector is on the rise, employing over 78,000 workers in 2015, or 2.1% of the city’s private sector employees. Specifically, since 2011, employment in manufacturing has grown 3.3% in the City. The size of manufacturing establishments is also expanding, with the average New York manufacturer employee base growing +8.1% in the last year alone.
Economists at Moody’s are also predicting that manufacturing will contribute an increasing amount to Gross City Product (GCP) over the next several decades (see below figure),...Read More
The NYCEDC Innovation Index: A Closer Look
Take an in-depth look at each of the metrics by visiting our interactive Innovation Index at http://www.nycedc.com/economic-data/innovation-index
The Economic Research & Analysis (ERA) team at New York City Economic Development Corporation (NYCEDC) updates their Innovation Index in order to quantify and monitor the status of innovation in New York City. NYCEDC is interested in innovation because it has long been at the forefront of economic analysis. While some economists argue that innovation is crucial for economic growth, others claim that it is only a natural by...Read More
From Yvonne Stennett: The Future of Inwood Relies on Us
As the Executive Director of the Community League of the Heights (CLOTH), a community development organization dedicated to supporting and empowering all residents in Inwood and Washington Heights, I actively work on addressing an array of community needs, from finding affordable housing to getting better education, from providing health and youth services to revitalizing our neighborhood. CLOTH’s simple philosophy is that our doors are always open to neighbors in need and Inwood is one of our core areas of focus.
Inwood is a hidden treasure, with amazing parks and cultural assets, as well as many existing affordable rental units. Over the years, CLOTH...Read More
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