Business experts nationwide seem to agree that funding remains to be
one of the biggest hurdles for emerging developers, particularly
minority and women-owned firms. The NYC Economic Development Corp, in partnership with Basis Management
Group, LLC, hopes to tackle that problem with the launch of Emerging
Developer Loan Fund, which includes $10 million of capital
committed by NYCEDC.
The Associated Press is reporting that President Barack Obama has
appointed television producer Shonda Rhimes to the board of the Kennedy Center for the
Performing Arts, America’s National Cultural Center.
The hottest ticket in town last week during Mercedes-Benz New York
Fashion Week at Lincoln Center was the one introducing fashion designer B. Michael’s
presentation of his Couture Spring 2014 Signature collection.