A key opportunity identified through Fashion.NYC.2020 is the need to support emerging design talent in order to grow New York City’s status as a global capital of fashion design. The Designer as Entrepreneur program will educate designers on the day-to-day aspects of running a fashion business, such as merchandising a line, promotion, sourcing, and other relevant topics. It will enrich participating designers’ understanding of all the elements required to run a fashion label and will provide critical insight on how to accelerate the growth of their businesses. The overall goal is to equip participants with the business skills and tools – including fully-formed and vetted business plans – to be successful entrepreneurs.
If you or your organization is interested in developing and implementing this program, please submit a proposal by June 30th. We look forward to receiving your responses!
NYCEDC’s new Fashion.NYC.2020 report investigates New York City’s fashion industry, which has long been core to the City’s economy.
Mayor Bloomberg kicked off the Fashion.NYC.2020 program in January 2010 to better understand the current strengths and weaknesses of the City’s fashion industry, the trends that will impact the industry over the next 10+ years, and the actions the City can take to bolster the industry’s strengths—and address its weaknesses—in light of these trends.
Led by five industry chairs—Richard Darling, CEO of LF USA; Diane von Furstenberg, Chairman and Founder of Diane von Furstenberg Studio L.P. and President of the 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—and conducted in partnership with Bain & Company, the Fashion.NYC.2020 effort has involved research, surveys, and interviews with more than 500 industry professionals, including CEOs of leading fashion companies. Here’s a glimpse of what we learned.
Agree or disagree? What do you think would be the top skills in 2020 and 2050?
“Creativity will become one of the top three skills workers will need. With the avalanche of new products, new technologies and new ways of working, workers are going to have to become more creative in order to benefit from these changes.” via World Economic Forum
Get on the fast track to becoming NYC’s next top fashion executive with Fashion Draft NYC. NYCEDC and Parsons are teaming up to recruit talented business-minded college seniors for management-track positions at some of NYC’s top fashion firms, including Macy’s, Bloomingdale’s, Gilt Groupe, and LF USA. The program will provide select students with an all-expense-paid trip to NYC from February 16th-18th, 2012; these students will participate in interviews for full-time jobs in fashion business. In addition to the interviews, events will include:
A keynote address
Company tours that provide a behind-the-scenes look at the industry
A networking dinner with fashion executives and human resources managers
The deadline to apply for this unique opportunity is 11:59PM EST on November 3rd. Any undergraduate senior on track to graduate in Spring 2012 is welcome to apply so long as he/she has at least a 3.5 GPA and has completed at least one internship relevant to business and/or fashion. For full program and application details, visit www.fashiondraftnyc.com.
Fashion Draft NYC follows on the heels of Fashion Campus NYC, an annual weekend immersion in fashion and retail management for college interns. Fashion Draft NYC and Fashion Campus NYC are two of six initiatives resulting from Mayor Bloomberg’s Fashion.NYC.2020, an ongoing examination of the challenges facing the fashion industry to help the City build on its competitive advantages to maintain its status as a global fashion capital. Learn more at www.nycedc.com/fashion.
We recently released a Request for Proposals (RFP) to find organization(s) to develop and run our new NYC Fashion Fellows program, which will recognize selected NYC-based fashion management talent and provide them with ongoing career development.
NYC Fashion Fellows is one of six Fashion.NYC.2020 initiatives that Mayor Bloomberg announced this past November. Launched in January 2010 by NYCEDC in partnership with fashion industry stakeholders, Fashion.NYC.2020 is a program to identify the important trends affecting the City’s fashion industry and to develop actionable initiatives based on such findings.
A key opportunity identified through Fashion.NYC.2020 is the need to develop the next generation of top-level executive fashion management talent. While there are a number of recognition programs for high-potential emerging fashion designers, there are limited programs honoring high-potential emerging fashion management talent. Moreover, the fashion industry does not have many outlets in which to provide structured career development to up-and-coming management talent.
NYC Fashion Fellows aims to address these issues by recognizing at least 20 rising stars in fashion management and providing them with educational, mentoring, and networking opportunities to measurably accelerate their careers and to positively impact the businesses for which they work. The overall goal is to prepare participants to take on the highest-level leadership roles, with the potential to become the next generation of CEOs, COOs, and other top-tier executives at companies across the fashion industry value chain, particularly at designers/brands, wholesalers, and retailers.
If you and/or your organization are interested in developing and implementing this program, please submit a proposal by September 6th. We look forward to receiving your responses!