11 Startups Reshaping NYC's Fashion Industry
A look at the winners from Bloomberg's 'Project Pop-Up,' a competition to find innovative fashion retailers and technology companies in New York City.
Mayor Bloomberg's Fashion NYC 2020 initiative is worth noting for a number of reasons. The strategic study, which included interviews with 500 fashion industry professionals, focuses on how the fashion industry will continue to evolve while also acknowledging the challenges facing the fashion industry. When it comes to the facts, the NYCEDC confirms the importance of the fashion industry to NYC:
New York City’s fashion industry employs 173,000 people, accounting for 5.7% of the City’s workforce and generating nearly $10 billion in total wages with tax revenues of $1.7 billion. Home to more than 75 major fashion trade shows plus thousands of showrooms, New York City attracts hundreds of thousands of visitors each year.