Month: October 2014

News, Wall Street

Tech is too cool for B-school

Everyone from the mayor to business leaders to real estate brokers is betting on tech as the next engine of the city’s economy. But business school students aren’t. They remain committed to finance, though now they want to work for hedge funds and private equity rather than the big-name banks. […]

News

Inside the Developer Behind Astoria Cove

A Greek immigrant, who began his work in this country as a busboy four decades ago, is now the kingpin behind Alma Realty, the main developer of the Astoria Cove rezoning proposal that’s currently up for debate in the city council.   In many ways, Efstathios “Steve” Valiotis’ story rings […]

News

Unlikely minimum wage workers to join the fight for higher wages

New York City’s workers outside of the fast food industry might be next in the battle for higher wages alongside tipped workers. In the spring, workers at the prestigious Johns Hopkins Hospital protested for higher wages. “We got fast food workers calling for a $15 per hour minimum wage and […]

News

Local Manufacturers use New York Tech to Sell their Brand

Small manufacturers in New York competing with larger producers have made use of New York’s growing tech companies to help them market their goods to customers in New York and beyond. Birchbox, an e-retailer and sampling service, partners with major national brands to bring their products to customers who subscribe […]

News

Home Rule will Extend to Counties in Min Wage Battle

Senators involved with the New York State minimum wage bill have confirmed that they will be pushing for all municipalities to have the ability to set their own state minimum wage, not just New York City. “My bill authorizes municipal governments, which will include counties, cities, towns and villages,” said […]

News

Company relocates and doesn’t get paid to do so

In dumbfounding news, a company isn’t getting any public money from New Jersey for relocating nearly 400 jobs into the state. Actavis, a global pharmaceutical company, was in such a hurry to close up shop in Long Island that they passed up what likely might have been $5 to $10 […]

News

The bodiless heads: company HQs on the move

Cadillac’s just-announced plans to relocate its headquarters to New York City may be part of a budding shift: companies that want to sell fancy consumer products are sometimes staking flags in the fancy places where their consumers live, experts said.   The pull isn’t just about the finance and media […]

News

A Tale of Two Developments… No Wait A Minute

Affordable housing is one of the pillars of Mayor Bill de Blasio’s administration. And the proposed rezoning at Astoria Cove, that skated through the City Planning Commission and is now reaching the City Council for debate, is the administration’s pivotal moment for putting that policy into place.   But as […]

News, Tech

New York Doesn’t Like to Share

Last week San Francisco created a legal framework for short-term rental companies, marking an important victory for their homegrown sharing startup, Airbnb.   The new legislation will permit Airbnb hosts to rent out rooms in their homes so long as the they live there at least nine months out of […]