NYCFPF IN THE PRESS

July 2015

Mayor De Blasio’s “Made In NY” Venture Hasn’t Reached It’s Full Potential Yet, But Give It Time

New York City is fiercely protective of its native artistic ventures, and Mayor Bill De Blasio’s pledge to increase the fashion industry’s Made in New York grant by $10 million initially seemed in favor of that initiative. However, as any politically-informed city dweller knows, there is a vast chasm between promising change and actually executing it. Despite the mayor’s grand claims, Fashionista reports that few positive changes have actually been enacted – as of yet.

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January 2015

With NYC by her side, JoBeth Tananbaum is investing in the fashion designers of the future

JoBeth Tananbaum grew up talking about factoring at the dinner table.

She wasn’t solving algebra problems but instead discussing how to finance fashion designers with her father. His business is Capital Business Credit— a family-run factoring company that offers designers a way to get cash quickly. Those conversations would stick with her, but first, Tananbaum had her own agenda to pursue.

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February 2015

How to Drum up Interest Outside NYC Fashion Week Tents

You can show at New York Fashion Week (NYFW), but it’ll cost you — hundreds of thousands of dollars to be more precise. Or, you can hold off until your second or third, or even fourth season, and make your money work for you.

That’s just one strategy JoBeth Tananbaum, vice president at Capital Business Credit (CBC) and director of the NYC Fashion Production Fund, suggests to young designers contemplating a Fashion Week showing.

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February 2015

NYC Mayor Unveils Fashion Initiatives

Made in NY is having a fashion moment

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November 2014

NYC Wants to Revitalize the Garment District

New York City hopes to draw fashion designers back to the Garment District with the NYC Fashion Production Fund.

New York City’s Garment District was the center of fashion production and bustling with activity in the mid-1900’s.”The streets were dense with people,” says Columbia Professor of Historic Preservation Andrew Dolkart. “There must have been this incredible dynamic life. It was basically the lifeblood of the city.”

But Dolkart says due to sky high rents and rising labor costs, designers left the Garment District to make their products in China. The city now wants to change this trend. That’s why the New York City Economic Development Corporation recently launched its NYC Fashion Production Fund. The EDC’s Eric Johnson says it awards loans to help with production costs.

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October 2014

City fund aims to pump new life into Garment District

The city is attempting to staunch the wound that has been driving fashion designers and fabric stores out of the Garment District for the last couple of decades.

High rent, as well as the rising cost of labor and manufacturing, has forced many designers from the area and chipped away at the one-mile expanse, between 34th and 42nd Street and Fifth Avenue and Ninth Avenue, that’s a landmark dedicated to U.S. fashion.

To combat that, the New York City Economic Development Corporation and Capital Business Credit recently earmarked the first recipients of a new NYC Fashion Production Fund that was announced shortly after Fashion Week. Its goal is to revitalize the city’s fashion merchandising industry and the Garment District.

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September 2014

Mayor Bill de Blasio and Chirlane McCray Host A NYFW Kick-off Event at Gracie Mansion

“Welcome fashionable people! This is your house, it’s the people’s house, and you will always be welcome here,” beams New York City’s First Lady, Chirlane McCray, from the podium of the Wedgwood blue reception salon at Gracie Mansion. It’s the night before the official start of Mercedes-Benz Fashion Week, and Mayor Bill de Blasio is hosting a kick-off cocktail party for a chic crowd of designers and industry execs—everyone from the Proenza guys to Carolina Herrera to Donna Karan to Jenna Lyons—decked out on this indecently sultry night in their summer finery (no one is tired yet! Fashion Week is just beginning!).

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April 2014

De Blasio continues Bloomberg’s fashion outreach

Much concern in New York last year post-election about whether new mayor Bill de Blasio (left, with his family) would be as much of a FoF (friend of fashion) as former mayor Michael Bloomberg (below, with Oscar de la Renta) – especially given Mr de Blasio’s stated goal to even the economic playing field in the city. Turns out, however, this refers not just to the income gap but the manufacturing gap, and in that fashion and the mayor’s office have found common ground.

As a result, he has just announced an initiative originally conceived under Mr Bloomberg as part of the Fashion 2020 programme but which his administration has adopted: the NYC Fashion Production Fund.

For press inquiries, please contact KCSA at CBC@KCSA.COM

September 2014

Fashion Week Begins With Cocktails at the Mayor’s House

The fashion world and the mayor are starting to get more comfortable with each other.

On Wednesday night, Mayor Bill de Blasio greeted major designers at Gracie Mansion on the eve of New York Fashion Week. It was said to be the first time the mayor’s official residence had opened its doors for an event to salute fashion week.

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September 2014

Mayor de Blasio Hosts NYFW Kickoff Party

It was standing room only Wednesday night at Gracie Mansion, where designers cozied up to Mayor Bill de Blasio at a fashion-week kickoff cocktail party.

Hizzoner was the first to joke about his fashion sense, but he merely had to look around the room to learn the ABCs — Ralph Lauren, Michael Kors, Donna Karan, Diane von Furstenberg, Carolina Herrera, Tommy Hilfiger, Tory Burch, Prabal Gurung, Jack McCollough, Lazaro Hernandez, Humberto Leon, Georgina Chapman, Keren Craig, Norma Kamali and Thakoon Panchigul were all among the faces in the crowd.

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July 2015

9 Career Tips for Emerging Designers

Starting your own fashion line involves a lot more than having creative ideas and knowing how to thread a needle — there are also the very important matters of financing, public relations and marketing.

At our “How To Make It In Fashion” conference in NYC this past Friday, we were lucky to have a panel of industry insiders — including designer Misha Nonoo, IMG Fashion Events & Properties’s Jarrad Clark, the NYC Fashion Production Fund’s JoBeth Tananbaum, the CFDA’s Johanna Stout and Launch Collective’s Shira Sue Carmi — to share their career advice with the fashion industry’s up-and-comers.

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May 2014

New York City Fashion Production Fund Director JoBeth Tananbaum Discusses New Venture

There are a number of programs in place to help emerging designers in New York City grow their businesses, but some people think more needs to be done to assist the Big Apple’s young talent.

In April, we reported that the New York City Economic Development Corporation and Capital Business Credit had joined forces to launch the New York City Fashion Production Fund, which is a $2 million public-private fund that will provide financing to up-and-coming New York City-based designers for production at below-market rates.

To follow up on that report and learn more about this new fund, which during the first round of financing will provide five to 10 designers with loans of up to $300,000, we spoke with JoBeth Tananbaum, the director of this fund.

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April 2014

Poised for fashion success, but no money? Here’s an answer

If you’re a small clothing designer in New York and you can’t get financing to produce your clothes, a new public-private partnership may have what you need.

The NYC Economic Development Corp. and Capital Business Credit LLC are launching a fund to provide below-market rate loans to fashion designers in need of production financing, the groups announced this week.

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April 2014

NYC Fashion Production Fund Launches to Support Young Designers

More good news for emerging American designers: Getting loans just became easier than ever.

The New York City Economic Development Corporation announced in a release that it will partner with Capital Business Credit to launch the NYC Fashion Production Fund.

The Fund aims to provide production financing at below-market rates. Both the NYCEDC and CBC have put $1 million into the venture; according to the release, at full capacity, the Fund can issue $32 million in financing over the next four years. The goal is to support emerging fashion brands, as well as incentivize local production.

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April 2014

New York City Fashion Production Fund to Finance Emerging Designers

he New York City Economic Development Corporation and Capital BusinessCredit have come together to help support emerging fashion designers.

February 2014

How to Dress for the Corporate World and Still Look Chic

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April 2014

NYC Fashion Production Fund Launches

The New York City Economic Development Corporation and Capital Business Credit have joined forces to launch the New York City Fashion Production Fund.

The $2 million public-private fund will provide financing for production at below-market rates to emerging New York City-based designer brands in order to bolster manufacturing in the five boroughs. Five to 10 labels are expected to benefit from the first round of financing, according to JoBeth Tananbaum, director of the New York City Fashion Production Fund. Loan recipients will have 60 to 120 days to pay off their loans, which will range from $50,000 to $300,000.

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