November 11, 2015

New York City’s industries account for 15% of private-sector employment in the Big Apple. With median wages of $50,400 per year, these manufacturing jobs are what the New York City Economic Development Corporation (NYCEDC) calls “an important pathway to the middle class.” Now, NYCEDC will help manage a public-private fund that offers low-interest loans to industrial startups. Along with a multi-million dollar Advanced Manufacturing Center, it’s part of NYC’s multi-faceted Industrial Action Plan.