By  on February 13, 2012

With fashion week in full swing uptown and downtown, Diane von Furstenberg, Mayor Michael Bloomberg and U.S. Rep. Carolyn Maloney (D., N.Y.) met in the heart of the Garment Center Monday morning to spell out the industry’s impact on New York City and new initiatives geared to fostering future generations of designers.

The mayor was quick to point out that New York’s biannual runway shows is expected to generate a record-breaking $865 million in economic development for the city this year. In addition, New York’s 500 fashion shows attract about 232,000 visitors each year. City officials are banking on employment in New York’s retail market, the largest in the U.S., to climb 17 percent by 2025.

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