Even in the digital age, where anyone with a laptop anywhere in the country and world can do work, New York City realizes that the publishing industry provides a huge economic impact to its city. Thank you, book publishing and media world!
A just-released economic impact study showed that publishing generates 34 billion dollars in economic impact annually to NYC. In 2020, which was marred by the onset of a shutdown pandemic, the publishing industry supported 95,000 jobs and $11 billion in wages.
The study defines the publishing industry as four sectors:
·
Publishing talent — content creators
·
Print production — printers
·
Distribution & Consumption —
wholesalers, stores, shippers)
· Publishers (book, magazine, newspaper, online)
The publishing industry is more than just the book world, but the book publishing machine is a vital piece of that industry. Book publishing’s Big 5, the heart of the industry, reside inside of NYC. The old saying: “If you can make it in NY, you can make it anywhere” is still true — and to note, just because you can live and work anywhere, many in publishing still choose to call NYC their home.
New York City is still the dominant home to culture. Its breadth of cultural institutions, commitment to the arts, history, and hub of intersecting races, religions, and nationalities make it a rich environment for intellectuals and creative types.
"As the former Commissioner of The Mayor's Office of Media and Entertainment, I'm proud to see that our city is supporting the publishing industry and expanding its efforts to keep it thriving. Our literary hubs bring billions of dollars in wages, thousands of jobs and the much-needed creativity that makes NYC the cultural center of the world. Releasing the results of the impact study and announcing new initiatives will ensure the publishing industry has continued success in our city's economy, culture and history," said NYC Council Member Julie Menin.
The full report can be accessed at https://on.nyc.gov/publishingstudy. It shared a number of recommendations on how to grow NYC’s publishing industry, including:
· Promote independent bookstores. MOME has launched the "Rediscover Your Local Bookstores" campaign, in collaboration with the NYC Department of Small Businesses (SBS), as part of NYC & Company's 'All in NYC' holiday shopping marketing campaign. A 2022 updated list of independent booksellers is now available, and the campaign is now live digitally and on billboards all over NYC.
· Support local media publishers. MOME partners with the Center for Community Media at the CUNY Craig Newmark Graduate School of Journalism to offer a sustainability training series and various workshops, meant to empower journalists and publishers in communities of color and immigrants, with a special focus on building digital skills.
· Support local talent. MOME provides access to free and discounted workspaces via the Freelancer's Hub, which officially opened at its new location in Industry City this year.
· Ensure equal access to education. MOME supports PEN
· America's DREAMing Out Loud tuition-free writing workshop for young immigrant writers, primarily those who are undocumented and/or DACA recipients, who came to the U.S. when they were children. Funding for the program has enabled it to establish new workshop sites at Lehman College in the Bronx, Medgar Evers College in Brooklyn, and Queens College.
· Facilitate connections among NYC publishing stakeholders. Explore partnerships with The Pulitzer Prize Board, National Book Awards and National Magazine Awards (Ellie Awards) to highlight and make connections between NYC's publishing businesses, artists, and smaller literary organizations.
· Promote NYC as a literary hub. Partner with New York State Council on the Arts (NYSCA) to promote and share the New York City literary map in public libraries, on public transit and in other public spaces.
· Promote NYC as a World Book Capital. Apply for NYC to be designated as the first UNESCO World Book Capital in the U.S., which would serve to increase access to books, promote freedom of speech and expression, and facilitate the expansion of public libraries.
As one who proudly had been a part of the book publishing industry in New York since 1989, I know how important it is for a free and informed society to have a growing, creative, and reliable publishing industry thriving in New York City. I hope we all can appreciate how it is a good thing for NYC to still remain the publishing capital of America.
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