The New York Ventures team is a group of experienced investors and entrepreneurs with offices in New York City, the Southern District, and the Capital Region. They collaborate with the Small Business Development and Technology Division to provide assistance to entrepreneurs at all stages of growth and development. The city is home to more than 233,000 manufacturing jobs in over 10,000 industrial companies, with the highest concentration of employment in Manhattan. Two of the most well-known companies, IBM and PepsiCo, are based in Westchester County, just north of New York City.
To further technological development, the Fund has partnered with the City University of New York (CUNY) and venture capitalists to create a network of high-tech accelerators and incubators on up to nine CUNY campuses. The Boston Consulting Group provided free support to finance a study on the potential of expanding the New York City film industry, a popular proposal among local elected officials. The New York City Investment Fund was created in 1996 and has since moved away from its original model. Some members of the network have left New York and are taking their experience with the Fund to other cities to help organize similar investment initiatives backed by companies. David Rockefeller, retired director of Chase Manhattan and Nelson's brother, was a long-time pillar of business participation in New York City life.
He studied at Dartmouth and Harvard business schools before beginning work at several major investment banks in New York City. The city's economy is the largest municipal and regional economy in the United States. The New York City Investment Fund encourages business leaders and industry experts to understand the city's economy and its evolution from financing trade agreements to strategic investments in key business sectors with growth potential. Despite the adaptability of New York manufacturers, there are still challenges to their survival. To measure the internationalization of New York City's economy, data collected by Knight Frank agents show that foreign landlords represent 34% of sales in the city's main residential market.
One company that has grown rapidly is capturing about 45 percent of the New York City cable installation market. The New York Metropolitan Region is home to more than half of the 32 largest Chinese companies with offices in the United States. New York City has long-term problems disposing of its solid waste; the mayor recently closed the only landfill in the city and there is no other alternative. Private investments have been instrumental in transforming New York City's urban landscape, from supporting technological development to helping businesses grow and thrive. With continued support from investors, entrepreneurs, and industry experts, New York City can continue to be a leader in innovation.
