Perhaps the best single indicator of a metropolitan area’s economic mobility is the percentage of black people living there. The greater the share of black people, the less likely it is that a poor kid — black, white, or anything else — will make more money than their parents. At […]
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With sand little use against another Sandy, a push for something more ‘concrete’
Rockaway Beach isn’t what it used to be since Hurricane Sandy sent seawater surging up New York’s coast. Gone is the boardwalk – it was washed away in the flood. In its place are raised concession stands and wooden fences, with signs promising a rebuilt, fortified beach. Instead of stairs […]
RFK overhaul might mean a longer life, but falls short on shifting bike trends
In 1936, the Empire State Building was still new to the city’s skyline, cars were still a luxury good and Robert Moses solidified his legacy with the Triborough Bridge. Nearly almost 80 years later, 432 Park Ave. reigns king in the skyline, the city is ripe with vehicles and […]
Unrest at Amy’s Bread
Every day hoards of tourists peer through the windows into the kitchen at Amy’s Bread in Chelsea Market. Amy Scherber takes pride in the fact that all of the breads are made by hand with all natural ingredients; they’re never pre-baked, never frozen. There’s always flour-covered workers kneading and mixing […]
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. […]
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 […]
Small-time Mayo Manufacturers Perfect the Recipe for Paying Higher Wages
Small-time Mayo Manufacturers Perfect the Recipe for Paying Higher Wages By Natalie Fertig When Elizabeth Valleau and Sam Mason decided to start a small food business three years ago, they spent a good deal of time deciding how much to pay their employees. “We were not interested in pretending to […]
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 […]
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 […]
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 […]
NYC BIZ NEWS
Welcome to NYCBizNews.com, a site covering the city's economy as a crucial mayoral election looms. You will find stories on jobs and unemployment, manufacturing, tourism, small business and real estate. A separate section takes the pulse of the city's emerging tech sector. The site is produced by reporters at the New York City News Service and the CUNY Graduate School of Journalism. Email your comments to greg.david@journalism.cuny.edu.