Impact - February 2014
Mayor de Blasio Adopts CUF Recommendation to Expand Low-Income Entrepreneurship
Our April 2013 Launching Low-Income Entrepreneurs study recommended that the city expand low-income entrepreneurship in New York City and provide an alternative pathway to the middle class for low-income New Yorkers. In his first State of the City speech, Mayor de Blasio announced plans to do just that.
Data - December 2013
NYS Regional Economic Development Council Awards by Region, 2011-2013
NYC has received just 7.8 percent of the state’s Regional Economic Development Council (REDC) grants over the past three years, despite having more than 40 percent of the state’s population and businesses—and being home to the two counties with the highest unemployment rates in the state.
Data - July 2013
More than Manhattan
Manhattan remains the epicenter of New York City’s economy, but the other four boroughs now comprise roughly 40 percent of all private sector jobs in the city, their highest total ever. In 2012, Manhattan accounted for 60.50 percent of the city’s private sector jobs, down from 65.92 percent in 1982 and 63.08 percent as recently as 2000.
Impact - June 2013
CUF Influences Full City Restoration of Library Funding
For the first time since Fiscal Year 2008, Mayor Bloomberg and the City Council approved a city budget in which New York City's three public library systems did not lose any funding. The decision to fully restore the libraries’ budgets—after the mayor initially proposed a $106 million reduction in funding—was influenced by our groundbreaking study about New York’s three public library systems.
Data - June 2013
Still Waiting for NYC’s Biotech Boom
New York City has all the ingredients to become a leading biotech hub, and the Bloomberg administration is pulling out all the stops to support the sector’s growth; but the New York Metro region was only fifth among all regions in biotech VC deals last quarter—and all of the local deals went to companies in New Jersey and Connecticut.
Data - May 2013
Seeding NYC's Startup Success
Over the past decade, the NYC region’s share of all venture capital deals in the U.S. more than doubled, from 5.3 percent to 11.4 percent. During the same period, New England’s share fell from 14.8 percent to 10.2 percent and Silicon Valley’s rose slightly, from 28.6 percent to 31.7 percent.
Data - April 2013
Data from Launching Low-Income Entrepreneurs
Selected charts and graphs from the Center for an Urban Future's major April 2013 report on low-income entrepreneurs. The report found that with middle-income jobs in decline, entrepreneurship offers an increasingly promising pathway out of poverty; but few low-income New Yorkers are currently taking this route to economic self-sufficiency.