New York Fashion Week Is Estimated At $865 Million.

The figure calculated by the New York economic development research center is higher than the US $77 billion 600 million forecast in 2007.

New York fashion week is held two times a year in February and September. The 2012 New York autumn and winter fashion week is being held on 9 February at Lincoln Center, which will end on 16.

"We are the fashion capital of the world," Bloomberg said. "We will do our best to support fashion companies in New York to ensure that they are constantly developing, creating jobs and contributing to our economy here."

Supporting and developing the fashion industry is an important part of Bloomberg's development of a city's pluralistic economy.

He said the New York municipal government will continue to support innovation in the fashion industry and give preferential policies in fashion design and fashion education to maintain New York's leading position in the world fashion industry.

Bloomberg's new plan includes supporting short-term MBA courses at the Fashion Institute, providing market operations, business management and retail knowledge training for promising fashion designers, providing low-cost studio for fashion designers and providing a range of support for fashion pioneer parks.

According to the information provided by the New York municipal government, there are more than 500 fashion shows in New York every year, attracting more than 230 thousand people to watch the exhibition.

The clothing industry is very important to the economy of New York. There are more than 900 fashion companies in New York, with more than 170 thousand employees, accounting for 5.7% of the labour force in New York, bringing nearly 2 billion dollars in tax revenue to New York every year.