New York City announced an economic development program to give the city's media sector a boost. The program is part of MediaNYC 2020, which aims to strengthen the city's position as a media capital. The new initiatives, projected to create 8,000 jobs, are as follows: and support the growth of the City’s media sector over the next decade.
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NYC Media Lab - a research center for media companies and universities
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Media Tech Bond Program - to help companies purchase new manufacturing, research or production facilities, retrofit existing building to accommodate hi-tech servers, or make large IT purchases.
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The Media and Tech Fellowship - to be awarded to approximately 20 “rising star” media and technology entrepreneurs on an annual basis. The Department of Information Technology and Telecommunications will encourage local start-ups and established firms to team up on bidding for City IT contracts, and promote other City contracting opportunities for start-ups.
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NYC BigApps - an annual software competition for individuals or companies with operations in New York City to develop functional digital applications that utilize City data.
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Media Freelancer Hive@55 - the City is partnering with the Downtown Alliance to launch a center for media freelancers including workspace for 50 freelancers at a time and workspace and services for as many as 1,850 part-time and drop-in workers per year.
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JumpStart New Media - a training program to assist displaced or entrepreneurial junior to mid-level employees in exploring opportunities in new and digital media.
Read more here.
