Made in New York City gets a $730k investment

New York City is one of the best cities in the world if you work in Fashion; still is the hub of the garment industry and apparel manufacturing.

The Fashion Manufacturing Initiative (FMI) provided their 6th round of funding to local business, allocating $730k to provide advanced services that support local manufacturing.

This marks the largest investment in FMI, which is supported by the Council of Fashion Designers of America (CFDA) and New York City Economic Development Corporation (NYCEDC). To date, the program has allocated over $3.3 million in grants to 33 local manufacturers.

New York Embroidery Studio

Steven Kolb, president, and CEO of the CFDA was delighted with the outcome of this year’s event “We are proud to see the largest investment yet in the Fashion Manufacturing Initiative’s six-year history. By investing in local manufacturing, we are supporting the fashion industry at-large and we will continue to expand our programming to build a viable production sector in  New York City.”

Supporting Companies

A dozen firms will receive the funds, with eight new companies, that will use the funds to support their ongoing operations with capital improvements, infrastructure upgrades, equipment, software, and workforce training. The following companies are this year’s recipients:

James Patchett, president, and CEO of NYCEDC highlighted the importance and commitment of the community “Providing grant assistance for upgrades and expansion costs is key to ensuring that the garment manufacturing industry stays strong in New York.”

FMI currently includes a full Production Directory to help better connect designers with high-quality and reliable local manufacturers, including all FMI grant recipients. The program also features industry networking events, collaborative partnerships, and business development opportunities for manufacturers and designers.

Along with the support from CFDA and NYCEDC, FMI receives additional support from its founding partner Andrew Rosen and Theory with underwriter assistance from Ralph Lauren and the Coach Foundation.

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