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A new grant program aims to create 5,000 new BIPOC homeowners in New York City by 2025

October 29, 2022

The comptroller’s office largely attributed these numbers to the New York City market, which houses 40% of the state’s population and a majority of the state’s Black, Hispanic and Asian residents. Across the city, multi-family housing containing 10 or more units prevails—ranging from 36% of the housing stock in Queens to 90% in Manhattan, according […]

Filed Under: Business

🌱 Brooklyn Visionaries + Fish Get Financed + Italian Glassblowing

October 28, 2022

Happy Friday, everybody! It’s me, Carlie Houser, your host of the Daily. Keep reading to find out everything you need to know about what’s going on in town these days, including updates on: The two Brooklynites among this year’s David Prize winners 💚 The Coney Island aquarium just got a really big check 🐠 A […]

Filed Under: Business

Deals of the Day: Oct. 26

October 27, 2022

A financial advisory firm takes a Battery Park office space, and a pair of South Bronx apartment buildings trades hands Source link

Filed Under: Business

In rapid-fire debate Kathy Hochul and Lee Zeldin express very different visions for governor

October 26, 2022

The debate held at Pace University in Manhattan is the only forum where the candidates agreed to meet prior to the Nov. 8 election. Absentee balloting is already underway, and early voting begins on Saturday. The pair met as polls have tightened in Zeldin’s favor, with one poll putting him just four percentage points behind […]

Filed Under: Business

Box score: Grizzlies 134, Nets 124 – Memphis Local, Sports, Business & Food News – The Daily Memphian

October 25, 2022

Box score: Grizzlies 134, Nets 124 – Memphis Local, Sports, Business & Food News  The Daily Memphian Source link

Filed Under: Business

Crain’s Extra: Big banks deliver glad tidings

October 24, 2022

Big banks deliver glad tidings In the past week we’ve learned something interesting about the economy: It’s actually fine. That, at least, is what banks say. Yes, mortgage activity is down, but otherwise, loan demand remains good. Account balances? High. Delinquencies or defaults? Essentially none. Investment bankers are having a bad year because there are […]

Filed Under: Business

5 New Yorkers to know: Oct. 21

October 23, 2022

Leaders in city government, real estate and recruitment are among those making headlines this week Source link

Filed Under: Business

Australia flags new corporate penalties for privacy breaches

October 22, 2022

CANBERRA, Australia (AP) — Australia on Saturday proposed tougher penalties for companies that fail to protect customers’ personal data after two major cybersecurity breaches left millions vulnerable to criminals. The penalties for serious breaches of the Privacy Act would increase from 2.2 million Australian dollars ($1.4 million) now to AU$50 million ($32 million) under amendments […]

Filed Under: Business

Quest Diagnostics reports 10% dip in revenue in Q3 as Covid-19 testing volumes tank

October 21, 2022

Operating expenses totaled about $2 billion, falling about 1% from last year, including about $1.6 billion for services and $464 million in selling, general and administrative costs. Quest reported $392 million in operating income, down nearly 40% from the third quarter of last year. Diluted earnings per share were $2.36, down just over 40%. Despite […]

Filed Under: Business

Manhattan DA indicts six developers in alleged $1.6 million 421-a fraud

October 20, 2022

The developers are accused of violating the terms of the 421-a program by submitting falsified documents claiming that the designated affordable units in these buildings would be rented to qualified tenants. In reality, the DA’s office alleged, they rented the units at higher rates to tenants who, in some cases, did not qualify for affordable […]

Filed Under: Business

Riverhead holds public hearing over proposed restrictions to recreational marijuana sales

October 19, 2022

The Town of Riverhead held a public hearing Tuesday over proposed restrictions to recreational cannabis sales. Riverhead’s proposed zoning would keep pot dispensaries at least 1,000 feet from schools, libraries and day cares. It would also require them to be at least 500 feet from playgrounds and town beaches. Brian Plona, an aspiring cannabis entrepreneur, […]

Filed Under: Business

More gig workers could soon qualify as employees

October 18, 2022

In New York state nearly 900,000 low-paid workers—one-tenth of the workforce—are likely misclassified as gig workers when they are truly employees, said New School economist James Parrott, who has studied the conditions around contingent work in the city and state, particularly in the transportation, construction, personal services, building services and retail industries. Companies that rely […]

Filed Under: Business

Crain’s Extra: Meet the Mets’ gift to the city

October 17, 2022

Meet the Mets’ gift to the city Scorching-hot take: The Mets actually did the city a favor when they blew their lead in the National League East during the final weekend of the regular season. Had the Metropolitans won the division, it could have deprived the city of much-needed revenue. Sometimes you’ve just got to […]

Filed Under: Business

Upset baristas lead all-day strike Saturday at Starbucks in Brooklyn

October 16, 2022

NEW YORK — Waves of union organizing continue to sweep the retail sector, hitting Starbucks, Trader Joe’s, Amazon, Apple, and other large retailers. As CBS2’s Dave Carlin reported, some Brooklyn baristas with Starbucks were off the job and on a picket line on Saturday. It was an all-day strike for workers who voted over the […]

Filed Under: Business

5 New Yorkers to know: Oct. 14

October 15, 2022

Leaders in health care, government and the nonprofit sector are among those making headlines in the city’s business world Source link

Filed Under: Business

Manhattan DA forms unit to prosecute tenant abuse

October 14, 2022

Examples of systemic tenant abuses that the unit will take on include denying critical heat and hot water, deliberately withholding critical repairs, opening holdover proceedings that question residents’ tenancy without just cause, and initiating hazardous construction to make living impossible–Bragg highlighted one previous case against a landlord who removed a staircase to prevent tenants from […]

Filed Under: Business

Seattle DJC.com local business news and data – Real Estate

October 13, 2022

October 13, 2022 Orchard sprouts downtown As traditional office leases are decreasing in size and duration, hybrid work and co-work spaces are picking up some of the slack. Thus, JLL is expanding its Orchard Workspace by JLL platform, it recently announced. That expansion, marking its second location in the U.S. after Brooklyn, recently opened with […]

Filed Under: Business

Jamie Dimon expects recession by middle of 2023

October 12, 2022

While the economy is doing well at the moment, a number of indicators and global issues—the impact of surging inflation, interest rates going up more than had been expected, the effects of the Federal Reserve ending quantitative easing and Russia’s war in Ukraine among them—are ringing alarm bells, Dimon said. “The likely place you’re going […]

Filed Under: Business

MTA operating shortfalls could reach $4.6B in 2026: comptroller’s report

October 11, 2022

Transit officials say they plan to raise fares next year but a less-than-full ridership recovery will blunt the impact. DiNapoli points to July ridership forecasts by consulting firm McKinsey & Company, which under the worst-case scenario projects only 73% of 2019 riders will return to the system by 2026 and fare revenue will shrink annually […]

Filed Under: Business

🌱 Hypothermic Chickens + Train Fare Dodger Wanted For Murder

October 10, 2022

Hey, Brooklyn. I’m here in your inbox today to tell you everything you need to know about what’s going on in town. But first, today’s weather: 🌤 Sunny to partly cloudy. High: 68 Low: 51. 📢 I’m looking for business owners and marketers in Brooklyn who want to build awareness, connect with customers and increase […]

Filed Under: Business

5 New Yorkers to know: Oct. 7

October 9, 2022

Leaders in real estate, sports and the startup scene are among those making headlines in the city’s business world Source link

Filed Under: Business

Controversial Throggs Neck development project clears penultimate hurdle

October 8, 2022

The Thursday proceedings proved to be unexpectedly dramatic as Councilwoman Marjorie Velázquez suddenly reversed her long-standing opposition to the rezoning, urging a yes vote before the zoning and franchises subcommittee. The councilwoman had commented as recently as Tuesday that she was against the rezoning and that the developers were “not operating in good faith,” according […]

Filed Under: Business

Judge delays Twitter trial, gives Musk time to seal buyout

October 7, 2022

A judge has delayed a looming trial between Twitter and Elon Musk, giving the Tesla CEO more time to close his $44 billion deal to buy the company after months spent fighting to get out of it. Musk had asked to halt the upcoming Delaware court trial, where the Tesla billionaire was expected to fare […]

Filed Under: Business

World’s 50 Best Bars includes 6 New York City bars

October 6, 2022

The top-rated taproom for the last two years, the Connaught Bar, ranks No. 8 this year, a relatively notable drop. “It’s relinquished its crown,” says presenter Mark Sansom, content director for the World’s 50 Best Bars. New York still maintains a powerful grip on the list. Six Big Apple bars are included in the top 50, including Overstory, which stands on the […]

Filed Under: Business

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