NYCEDC Green Mapping Event

NYCEDC Green Mapping Event

February 17, 2009

The New York City Economic Development Corporation held a roundtable discussion this last Tuesday to discuss a mapping of green business developments in the New York City area. The discussion was moderated as an open dialogue format which was beneficial because we broke into several teams that were specific to our industry area and expertise. The forum consisted of key players in all industries which encouraged a flow of new ideas and strategies. This discussion will help answer questions for the NYC business, technology, and energy community. The EDC is now well-equipped with new ideas and pertinent information for a plan of action, which will be communicated on a broad scale throughout the city. Many of the industry representatives talked briefly about their specific growth areas and what would affect their business with the incoming wave of green sector development. They also discussed barriers to entry and comparative advantages that NYC may have in their efforts to green the city.

The NYCEDC divided the industries in the following green categories:
1. Renewables & Technology
2. Waste & Pollution Mitigation
3. Building Site Design
4. Consumer Goods
5. Financial Services
6. Other Planning and Enabling Services

Given the negative factors in the present economy, namely the recession, and the financial services sector meltdown, most of these industries are expecting a massive decrease of jobs in the city. However, NYC plans on a job increase this year due to the implementation of cap and trade legislation, and the development of green technologies and green companies with Bloomberg’s PlanNYC initiative.