The fashion industry has been hard hit by the recession, and it looks like it may take some strategic political partnerships to find the path of recovery. After the collaborative efforts of Fashion’s Night Out, New York City mayor Michael Bloomberg is helping to launch another initiative to help stimulate the fashion economy. This time, it’s a designer contest which will begin next month, reports the Post: “The mayor will stage a competition to pick 12 up-and-coming designers for a new city-sponsored fashion ‘incubator’ facility. The project is aimed at helping New York attract young talent by providing cheap design space.” [NY Post]
