Design Entrepreneurs NYC is one of six initiatives that resulted from Mayor Bloomberg’s Fashion.NYC.2020 plan, which is designed to sustain and grow the fashion industry in New York. The fashion industry employs 173,000 people in New York City, accounting for 5.7 percent of the City’s workforce, and generating nearly $2 billion in tax revenue annually.
In addition, the City is home to one of the world’s largest wholesale fashion markets, which attracts more than 500,000 visitors a year to its trade shows, showrooms and retail stores. The Fashion.NYC.2020 initiatives address the industry’s challenges in two ways: by further positioning the City as a hub of innovation for emerging designers as well as specialty and multi-channel retail, and by attracting the next generation of design, management and merchant talent.
The industry chairs for Fashion.NYC.2020 are Richard Darling, Vice Chairman of LF USA & LF Europe; Diane von Furstenberg, chairman and founder, Diane von Furstenberg Studio L.P., and president, Council of Fashion Designers of America; Terry Lundgren, chairman, president and CEO of Macy’s, Inc.; Andrew Rosen, CEO of Theory; and Kevin Ryan, CEO of Gilt Groupe.
Fashion Institute of Technology
Receive daily prices and market insights straight to your inbox. Subscribe to AlchemPro Weekly!
marketing@alchempro.com
