Tag Archives: NYCEDC

Job Increase in New York

Alicia Green, Deputy Mayor for Housing and Economic Development in NYC, recently announced the establishment of the VR/AR hub for business creation, education, investment, research and training.  The NYU Tandon School of Engineering has been chosen to develop and operate this – the first ever government funded hub at a 15,000 square foot space in the Brooklyn Navy Yard.

Students will be able to prepare at these hubs for careers in both these sectors (Virtual and Augmented Reality). Meanwhile the NYCEDC (New York City Economic Development Corporation) together with (MOME) the Mayor’s Office of Media and Entertainment has invested $6 million into the incubator.

It is hoped that this will result in: the support of new ventures (equipment, infrastructure and workspace) to startups; create a citywide VR/AR talent pipeline; ensure that the area has the highest quality VR/AR research center through expertise of those from NYU, Columbia, CUNY, to expand technological advance in these fields; develop the VR/AR Community and activate innovation in the field.

Moving Manufacturing Back to NYC

Historically, New York was the place to be when it came to the making of clothing. And given that NYC is still home to one of the world’s most prestigious fashion centers (with the Garment Center at its heart, in Manhattan) wouldn’t it make sense for the garment-making to take place there as well?  Because current figures are suggesting that is not the case.  For example, a Queen’s College Census Data Report found that in 2015, around 23,000 employees over 16 worked making apparel, accessories and finished textile products.  But if you look back to 1950 that figure was 323,669.  By the year 2000 that had dropped to 59,049 but now it’s dropping even more.

Given this, over the last few years, the city of New York has undertaken a variety of initiatives to change the balance. One example of this is the partnership that was formed between the Council of Fashion Designers of America and the NYCEDC (New York’s main City’s main generator for economic development).  Launched in 2013 with $6m, this public-private partnership program was established to bolster local fashion manufacturing and endorse inclusive economic growth throughout the City’s fashion sector which was set up to “support local fashion manufacturing and promote inclusive economic growth.”

And it has done it.  It has given 19 companies grants totaling $1.8 million to pay for technologies that help cut costs and maximize output. Some of the recipients since 2013 have included: Design Incubator, Dye-Namix, Dynotex, New York Embroidery Studio, Oomaru Seisakusho 2, Rainbow Leather, Sunrise Studio, Create-a-Marker, High Production, In Style USA and Martin Greenfield Clothiers.