NYCEDC is committed to the success of industries critical to our city’s current and future economy.
We work to ensure that more good jobs in these priority industries are available and accessible to all New Yorkers, and that diverse entrepreneurs and minority-owned small businesses are thriving. We achieve this by:
- Directly investing in innovation and job growth
- Leading capacity-building programs to ensure businesses can participate in the industries of tomorrow
- Supporting a diverse and skilled workforce by connecting New Yorkers to on-the-job experience
Our focus on equity and innovation cuts across industries, but is central to three key sectors: life sciences, tech, and the green economy.
NYCEDC’s commitment to investing in life sciences has made the sector a cornerstone of the NYC economy. Through the City’s $1B LifeSci NYC initiative, we’re driving innovation in this multi-disciplinary sector that unlocks modern therapeutics and life-saving medicines, vaccines, diagnostics, and devices—all for the advancement of humanity.
By the Numbers
Life sciences’ contribution to NYC’s gross metropolitan product
The life sciences community is launching dynamic new startups and leading scientific breakthroughs that are improving health outcomes and enhancing quality of life.
The industry now contributes $3.1B to the city's gross metropolitan product and has seen an average annual growth of 50+ companies since 2016.
Today, NYC stands as a booming global tech hub—and NYCEDC is committed to nurturing and developing the city’s diverse tech ecosystem. The diversity of the NYC workforce gives tech companies—whether startups or established industry players—the opportunity to draw from a diverse talent pool unmatched anywhere else in the country, including Silicon Valley.
By the Numbers
The NYC tech workforce, second-largest in the world
NYC has more tech jobs than finance jobs, with tech cutting across all of our traditional industries, from finance (fintech) to real estate (proptech) and media, while also shaping new and emerging sectors.
NYCEDC is focused on building a tech talent base that is representative of the diversity of New York, empowering historically disadvantaged groups to overcome the historic barriers to entry in the innovation economy through initiatives like the Cyber NYC Internship Program and Venture Access NYC.
The Green Economy
By the Numbers
NYC’s nation-leading clean energy goal by 2040
NYCEDC is a key player in catalyzing investments to deliver the green economy—a set of industries that provide solutions to address the existential risk of climate change; drive job creation, investment, and industry diversification; and put human well-being at the forefront.
Investing in the green economy will enable the public and private sectors to deliver on ambitious climate and decarbonization goals, and support the equitable recovery, growth, and diversification of New York City’s economy.
Explore our work to learn more about what we’re doing every day to advance equity across industries in the NYC economy.
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