The smell of fast food and greasy shirts is no longer an experience secluded to teenagers as the face of cashiers, disgruntled retail workers, and the pimply-faced teenager sweating over a fast food grill has changed. The amount of teenagers working on minimum wage has been reduced by more than […]
Latest news
Construction Boom Gives Unions Upper Hand at Astoria Cove
On Monday, the City Planning Commission approved the rezoning of Astoria Cove, booting it to the city council. The development stands to set the bar for Mayor Bill de Blasio’s affordable housing policy in terms of how many affordable units are created, but also whether or not the city will require union labor for […]
R train reopens under budget, under schedule and under prepared
The subway is in good service … until, maybe, another storm hits. While the MTA has poured millions into rebuilding the transit system after Sandy, there are few guarantees that the time-effective work over the last two years will make the city’s tunnels more resilient than before. Should another storm […]
Airbnb’s Not the Only One with Skin in the Home Sharing Game
Airbnb, the poster child of the sharing economy, is bearing the brunt of a media campaign launched by housing advocates, legislators and hoteliers. The ShareBetter coalition says Airbnb violates local illegal hotel laws and put down 3 million dollars on a marketing campaign to make sure that New Yorkers know. […]
Wage Theft in NYC; Ignorance or Malice?
Employers in New York are stealing from their employees while government agencies and regulators fight over how to spin it. In June the State Comptroller’s Office released a report on the NY Department of Labor’s backlog of complaints. The report stated that there is a backlog of 17,000 cases […]
Largest After-School Expansion in History of NYC
Mayor Bill De Blasio has now shifted his focus from tots to tweens. “Learning shouldn’t stop when the school bell rings…” said Mayor de Blasio. “We’re making headway in providing our young adults with an engaging and supportive environment that will keep our kids off the streets and out of […]
Outlook for LICH Nurses Remains Cloudy
NYU is once again prepared to take over the sinking Long Island College Hospital (LICH) after a labor dispute prompted it to jump ship last week, a university spokesperson announced Monday evening. But the New York State Nurse’s Association (NYSNA) is still not on board with the deal. All but […]
Banks hiring for compliance, but this is no Wall Street job boom
As regulators continue to churn out Dodd-Frank rules four years afterits passage, Wall Street banks continue to tack on thousands of compliancestaff and spend billions to restructure.JP Morgan CEO Jamie Dimon told employees that the bank had hired 4,000employees for compliance since 2012. Citibank said in July they willhave 30,000 […]
Hurdles remain for aged airport on life support
Flights, construction and everything else seem to be postponed at the city’s airports these days. And LaGuardia Airport’s Central Terminal Building will stay on virtual life support for the time being, as the Port Authority continues to stall on the city’s largest infrastructure project. The half-century-old building will continue to cramp […]
City’s Most Successful Industries Describe Future Plans
Citywide access to broadband, a live fashion museum in the Garment District, more industrial parks like the Brooklyn Navy Yard, lab space and incentives for biotech companies – these are just a few of the ventures that the city’s most prosperous industries want the de Blasio administration to support. At […]
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.