By Kristina Pecorelli, Economics Research and Analysis Project Manager
This week, NYCEDC released the latest Neighborhood Trends & Insights report that explores the evolving neighborhood of Astoria, Queens.
Astoria, a neighborhood in northwest Queens, is home to a wide array of residents from all over the world. In 2009, National Geographic’s Genographic Project, in conjunction with IBM, compared the DNA of Astoria residents along 30th Avenue with samples taken from hundreds of indigenous populations. They described the neighborhood as “one of the most ethnically diverse communities on Earth,” with Astoria residents possessing the genetic markers of nearly every major migratory event in history. So, it’s no surprise that Astoria offers an extremely diverse gastronomical scene, with more than 560 restaurants serving up 55 different types of cuisine.
The map above helps illustrate the sheer number of places tending to the varied palettes of Astoria patrons, as well as the relative clustering of such restaurants throughout the neighborhood.
The rise in the number of Astoria residents ages 25 to 34 years old suggests that the combination of bustling street life and close proximity to Manhattan makes it one of New York City’s most in-demand neighborhoods.
For more on how Astoria has grown as a residential and commercial district, check out our full report:
Did you know that the number of Brooklyn residents bicycling to work jumped 136% from 2006 to 2012?
Listen to economists at NYCEDC discuss this and more of the latest commuting trends from this month’s Economic Snapshot.
Coney Island’s Luna Park is officially open!
Just in time for warmer weather, Coney Island officially opened for the season on Palm Sunday. Crowds filled the Boardwalk and lined up for rides on the Cyclone roller coaster.
Check out some of the highlights from Opening Day on our blog.
An incredible new use of technology in New York City’s transit system:
You look at the map, you tap your intended destination, and the map will draw your route, including any transfers along the way. It’s an interface that puts Google Maps to shame. >Fast Company, NYC Subways Deploy A Touch-Screen Network, Complete With Apps
Last week, NYCEDC hosted an info session for Competition To Help Reach Immigrant Ventures and Entrepreneurs (THRIVE). In its third year, the program encourages new and innovative ideas that assist immigrant entrepreneurs in starting, operating, and expanding their businesses in New York City.
The session brought together past THRIVE winners to share tips and insights on the application process. The panel included four previous first and second place winners: Queens Economic Development Corporation (QEDC), BOC Network, New York Public Library (NYPL), and last year’s grand prize winner CAMBA (pictured above).
In case you missed it, check out our post on the blog with key advice from the session’s Q&A answered collectively by the panel and by past winners.
Interested in applying to this year’s program?
Competition THRIVE invites organizations to develop proposals that promote scalable growth opportunities for New York City’s immigrant-entrepreneurial community. Plans should be innovative and enable immigrant entrepreneurs to start, operate, and expand their businesses in New York City. Five finalists will receive $25,000 to pilot their program. Following the pilot period, one winner will receive an additional $100,000.
Pilot proposals should be admitted via email by May 8, 2014. More information about Competition THRIVE can be found here.
In partnership with Capital Business Credit, we are launching a fund to provide low-interest production financing to NYC designers.
The NYC Fashion Production Fund (NYCFPF) was organized to support NYC-based emerging designers with financing to ensure that the City remains the premier destination for fashion design talent.
Learn more about the Production Fund here.
Target Health is a Made in NYC health company, founded by couple Jules Mitchel and Joyce Hays. Serving the pharmaceutical community since 1993, the company has met incredible success in its 20 years through innovative optimization of drugs, biologics, and devices.
We spoke with co-founder Jules Mitchel about Target Health’s mission and why they are proud to be in NYC.
Congratulations to this year’s NYC Next Idea winner, Senvol, and runner-up, AirCare Labs!
This was an extremely competitive year with over 240 submissions across 51 countries. Six finalists pitched at Wednesday’s final ceremony, with impressive pitches all-around!
Senvol will receive $35,000, six months of free office space at Columbia Startup Lab and pro bono services from GLG Share, JustWorks, and Michael Kasdan with Wiggin and Dana LLP. AirCare will receive six months of free office space at Columbia Startup Lab.
Learn more about this year’s competition and the finalists in the official release.