Fashion designers trim crisis’s impact
Design divas such as Diane von Fürstenberg and Nanette Lepore are teaming up with workers and manufacturers in the fashion trade to rescue New York’s midtown Garment District, once the city’s biggest employer.
It is one of a series of initiatives the city has taken to try to combat job losses in the downturn and find alternatives to its dependence on the financial sector. The administration of mayor Michael Bloomberg, facing a $4bn (£2.4bn) deficit in the coming year, has also found funding for the first of a number of planned small business “incubators” that opened this year. The mayor’s economic opportunity plan aims to encourage the arts and media, bio-science, environmental projects and tourism, including a marketing and tourism agreement to boost travel between New York City and London. Read more
Courtesy : www.ft.com
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