Founded in 1985 by Rance Crain, Crain's New York Business was established to provide news, analysis, and information tailored to the business community in New York City. Rance Crain, part of the Crain family that had already successfully launched several specialized business publications, saw a niche for a New York-specific business news source. Today, Crain's New York Business is still owned by Crain Communications, a family-owned business that operates a variety of media brands across the globe. Crain's New York Business focuses on the New York City business scene, covering a wide range of industries including finance, real estate, healthcare, and technology. While it does not cover sports or entertainment in the traditional sense, it often features articles on the business aspects of these sectors, such as sports venue financing or the economic impact of entertainment events on the city. The publication is based in New York City and is known for its in-depth analysis of local business trends and profiles of prominent NYC business figures. One interesting fact: A unique aspect of Crain's New York Business is its annual "40 Under 40" feature, which highlights 40 individuals under the age of 40 who are considered rising stars in New York City's business landscape. This feature has become a prestigious recognition in the NYC business community, spotlighting the next generation of leaders across various industries.