By  on May 20, 2010

NEW YORK — In recent years, the American fashion industry has cultivated emerging talent like no other fashion capital. The CFDA Fashion Incubator, celebrated on Wednesday, is further proof of it.

The initiative consists of a full floor at 209 West 38th Street, where 12 up-and-coming designers have taken two-year leases for studios at rents from $1,000 to $2,000 — far below the market rate for space so centrally located in the Garment District. It also provides mentorship from industry professionals.

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