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This from the NYTimes: http://www.nytimes.com/2012/05/10/nyregion/new-yorks-tech-industry-tops-us-in-growth-study-finds.html?_r=1&ref=nyregion
The article spoke in broader terms about a surprising conversation I recently had with a young business owner. He founded an internet custom shirt company a few years ago and bases operations from a bullpen-like workspace in a Greenwich Village loft. A graduate of MIT with a great idea and a growing business, I asked why he had settled in NYC since I would guess he could live anywhere running an internet business. He said, not really and that aside from loving NYC, the choice was a fairly obvious one for him. He said that NYC is THE place to be for his business because the city is at the forefront of businesses linking fashion and technology. While many may not be aware of it, he explained, there are an astounding number of fashion-oriented companies based in NYC that use technology to partner with manufacturers everywhere but especially in Asia.
The biggest challenge according to the Times seem to be the lack of AAA broadband availability in NYC. That's something the city should make a priority it would seem to build this sector.
i work at one!
how can people not be aware of the fashion industry in ny, there's a whole crazy hectic busy busy neighborhood dedicated to it.
technology may also be the key to bringing back some of the exported mass production jobs as well as encouraging small businesses by making global resources available to them more than ever before.
Yes, I had been reading about NYC becoming the new silicon valley. NYU has already had plans to expand the school "campus" into Brooklyn, reinforced by its merging with the Polytechnic Institute. Science and technology center planned in downtown Brooklyn.
lucille: it wasn't fashion being in NYC that surprised me. It was NYC being at the forefront of connecting fashion and technology that caught me by surprise. I didn't realize the role of that link was so important or growing so fast in NYC.
lucille: You're a fashion designer?
shmattas will save N.Y.C.
"It was NYC being at the forefront of connecting fashion and technology that caught me by surprise."
Like, dresses made from computer chips?
Yes exactly Matt.
think computer aided fittings and specs that can be emailed (as opposed to the physical specs and patterns and tech packs that currently need to make their way to asia), digitized files for prints/embellishments that can done here and either emailed and produced here by machines, removing that part of the process. on the one hand it's scary and new, because it removes a lot of humanity from the production process, but at the same time, it removes the labor intensive parts that had to be done overseas because they are just too expensive to do here. so while it removes a lot of people from the equation, those people are the so called "cheap" labor overseas. and what is adds instead is a lot of people who specialize in this new way of doing things utilizing new technology HERE. unless kyle's friend meant something completely different, this is what i am seeing. everything is digital, digitized for the appropriate machinery, and done so here not by their people at their factories.
truth, not exactly
there is also definitely a rise of small independent designers who do very focused limited collections of whatever, produce them here and sell to a few super cool stores here and maybe across the country through small very focused showrooms. i'm not sure why this is happening, but it is. maybe because so many creative people have been out of work for so long they had to do something, anything for money so they went out on their own? that might be related. when times are good the companies are snapping up young talent, it just is not financially beneficial to be on your own when you have uncle jones group throwing money at you. but when that dries up, well, independence and uncertainty and artistic authenticity are suddenly not without a certain pioneer punk rock charm.
freaking bubble industry
Lucille: exactly what you said re computers and high tech cutting machines abroad that follow patterns created here electronically.
If they can be created and emailed here electronically, why would one need to be physically in NYC doing these patterns? Can't they just as easily be in Steubenville, Ohio?
Matt, humility is a virtue. The growing sector is obviously indeed here, not Steubenville. I would seem rather unlikely you have brilliantly pointed out something obvious that everyone else has missed. That suggests there is a reason and that you simply don't have the information. Why not ask in a way that is a touch less edgy and hostile and sounding like Mr. Cranky-Smarty-Pants?
how bout creative spirit junior? where else do you meet so many different people/minds/backgrounds/cultures to spur your creativity?
JButton, definitely the creative energy of NYC is part of it. Another part of the growth in NYC is, from what has been explained to me, a result of the presence of representatives in NYC of the Asian companies that provide the high-tech pattern cutting and sewing factories abroad. NYC is a place where the U.S. creative end, the U.S. sales business end, and the Asian manufacturing side exist side by side and the synergy is driving the sector forward. Perhaps lucille may be able to shed more light on this. I'm tapped out on what I have been told at this point. In any event, I find it interesting that any number of regulars here can't wait to begin threads by posting links to any article in any publication decrying and predicting yet another business sector in NYC crumbling; yet, none of them ever seems to read to care to share news of sectors that are emerging and growing and pointing toward the NYC business landscape 5, 10 or 20 years from now.
Kyle, instead of sound like Ms. Know-It-All-Schoolmarm, can't you just answer the question?
lucille will help save N.Y.C. by doing fashion production work. That's very good and I like it.
Yes Matt, they can just as easily be in Ohio but the workers and creative staffers are there or want to be there in N.Y.C. (I'm in London today.)
I don't have a link to post kyle. I'm here in London and the students at Central want to be in N.Y.C. after graduation. They would certainly take an internship with a London fashion designer but most want to live and work in N.Y.C.
Like many London residents they would love to get out of London for the summer. Away from the crowds but mostly running from what is widely believed to be another upcoming terrorist attack of some type .
I'm only going to be here for a week for meetings then I'm outta here.
Cage match for Kyle and Matt.
"Yes, I had been reading about NYC becoming the new silicon valley."
Yeah, I remember that in the dotcom era, too. it was a crock then. You just don't have the school/VC network... and the people... and it is too expensive.
Ad tech will do ok, because ads are here. But anyone who thinks this is SV hasn't been to SV.
"NYU has already had plans to expand the school "campus" into Brooklyn, reinforced by its merging with the Polytechnic Institute."
Of course, this doesn't add anything, just makes it one name.
"Science and technology center planned in downtown Brooklyn."
Cornell thing is a bigger deal... but not nearly enough.
it is an entirely different culture...
And, sure, fashion and fashion tech will center here... but how much business is that really?
Some posts here are ignoring that the intersection of fashion and technology is advertising/media, which also has a cozy place in our city's economy.
The gentrification of NYC is going to make it that much more appealing to all those tourists
>And, sure, fashion and fashion tech will center here... but how much business is that really?
NYC is the center of taste and trends.
Shopping for stocks
Here is some more recent news on NYC's policy move (with financial backing of the city and private investors) towards becoming "New Tech City":
Some content from the above link:
"Just as a trench dug in the 1800s created a shortcut to the nation's interior and helped make New York a global trading hub, the city is now hoping for another "Erie Canal moment" with a high-tech research complex to be built on an island in the East River" (this refers to Roosevelt Island, spearheaded by CornellNYC Tech).
The idea is to create an applied-sciences university where engineers are also trained as entrepreneurs from day one. Proponents say New York, home to powerful global companies and now exploding with technological startups, could shift this sector into top gear if the latest findings went straight into new businesses.
"Today we're second only to Silicon Valley as a tech center, and we don't like to be second to anybody," Mayor Michael Bloomberg said."
Also, from the same article in the above link:
"The land for the project belongs to the city, which is also providing $100 million in public money for infrastructure. Another $350 million comes from 81-year-old Cornell alumnus Charles F. Feeney, who made his fortune from duty-free shops.
With academic brains linked to business brawn and the initial injection of money, CornellNYC Tech is expected to be different from other academic endeavors.
At most graduate research centers, practical applications follow academic results %u2014 hoping for a connection that's profitable.
But at this school, students will develop software and hardware for three core industries that already are the city's strength: medical technology and environmental and green energy systems, plus digital media being used in fields from fashion and financial services to advertising."
Welcome to the continuing boom in NYC real estate as the new global tech center in NYC begins to take shape and mushroom in NYC.
hope the bro's from the hoods come out and f*ck these bubble freaks off nyc
Tech Start-ups linked to Social media are a natural to NY. We have a huge base of programming talent, Madison Avenue, and the big media companies all here. The Grey lady jumped in on this story as well only yesterday...
Great, I'm sure a bunch of folks earning $50k with a 1/100 chance of a million dollar payout will replace all those $5mil salaries...
> We have a huge base of programming talent
Which 1) is unaffordable because the banks pay well and 2) is generally not the type of coder startups need (having hired for several)