By  on January 9, 2009

NEW YORK — Although business is dismal, the fashion industry is looking toward the future.

The annual YMA Fashion Scholarship Fund dinner filled a ballroom at the Marriott Marquis here on Wednesday and raised $1 million. It marked the fifth consecutive year the organization had hit the $1 million mark. The funds will allow YMA to provide 80 scholarships, ranging from $5,000 to $25,000, to students pursuing careers in fashion.

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