NYCEDC and Hudson River Park Trust asked for innovative concepts on how to change the course of waterfront construction and help build and maintain waterfront infrastructure in a more cost effective and sustainable manner. Meet the competition winners and hear their creative ideas for Changing the Course of building and maintaining our waterfront! Presentations will be followed by Q&A and Networking session.
This event, which will be held at the National Museum of the American Indian New York in Lower Manhattan, is free to attend.
In 2008, New Work City launched the first co-working space in NYC which provided office space for people who work from home, freelancers, and entrepreneurs. Today, there are over 100 co-working spaces in the City including incubator and accelerator programs with even more on the way. Read more at Crain’s
“(Incubators) are tapping into incredible demand from entrepreneurs and from people in a freelance economy. From the city’s perspective, with the Wall Street meltdown in 2008, it became incredibly clear that Wall Street was not going to save the day and that New York really needed to add balance to its economy and identify a new source for growth.”
- Jonathan Bowles, the executive director of Center for an Urban Future.
Learn more about some of the incubator spaces available here in NYC.
February 2013 Economic Snapshot: Foreign- and Native-Born Population in NYC
For our February 2013 Economic Snapshot, NYCEDC took a look at the foreign- and native-born population of New York City and its effect on the economy.
- Among all cities in the U.S., NYC had the largest number of foreign-born residents in 2011 (3,066,599), representing 37.2% of total population.
- Queens had the highest proportion of foreign-born residents among the boroughs in the City. In 2011, nearly half of the borough’s residents were born outside of the U.S.
- Foreign-born residents represented 45.8% of the City’s resident labor force in 2011.
- The growth in the share of native-born residents with a bachelor’s degree increased more rapidly than that of foreign-born residents (8.0% compared to 2.4%). However, the growth in the share of foreign-born residents with a graduate or professional degree slightly outpaced that of native-born residents (8.1% compared to 7.5%).
January 2013 Economic Snapshot: Seasonal Tourism in NYC
For our January 2013 Economic Snapshot, NYCEDC’s Research & Analysis team looked at seasonal tourism in New York City.
- The steady inflow of tourists to NYC has not abated. In 2012, 52 million visitors came to NYC, a 2.1% increase over 2011 and 44% more than 2000, despite Hurricane Sandy in late October.
- In 2011, the most recent year for which data are available, there were 337,000 tourism-related jobs in the City, accounting for nearly 11% of the City’s private sector jobs and representing a 6.4% increase over 2010.
- More than 3 million people watch the Macy’s Thanksgiving Day Parade in person, and up to 750,000 people visit the Rockefeller Center Christmas tree per day on a holiday weekend.
- From 2008 to 2012, the number of hotel room nights sold in the fourth quarter increased by more than 1.7 million nights, or 30.5%.
Are you an NYC business that occupies or is looking for high-quality, affordable office space? If so, please consider participating in a short 5-7 minute survey.
This survey is part of a study that NYCEDC in partnership with Alvarez & Marsal Real Estate Advisory Services and JRT Realty is conducting to better understand the growing demands for office space from emerging and high-growth industries. Your input will help inform policies to ensure NYC is poised to meet the future space needs of the City’s rapidly growing sectors.
The information provided to us will be kept strictly confidential and used only for the purposes of this study. Please take the survey now.
According to the National Science Foundation, over the past quarter century, the science and engineering workforce has more than doubled in size — and STEM-related employment is only expected to grow. But the U.S. pipeline to advanced study is a leaky one. Far too few students who may be interested in the STEM fields at a young age ultimately earn a degree in these disciplines.
America must take action to reinvigorate our commitment to STEM education, research and commercialization while investing in the necessary infrastructure and human capital.
Photo credit: Gary He
Over the last few years, what we’ve seen over and over again is a commitment to make New York City a viable alternative to Silicon Valley and a place where true innovation occurs.
Today’s the last day to enter the NYC Best for Business Infographic Competition! Entries are due at midnight. We can’t wait to see your designs that show why NYC is the best in the world for business.