The far west side neighborhood of Hudson Yards boasts new buildings, a city within Manhattan and beautiful views. Times Square offers noise, smelly streets and too many tourists. Some companies who lease their offices in Times Square want something new, so they’re leaving. Times Square landlords, however, aren’t giving up […]
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Wage Hikes Are Lifting New Yorkers Out of Poverty and Making Businesses More Efficient
Owner Michael Rogak of the 71-year-old chocolate business, JoMart Chocolates, merged with Liddabit, another Brooklyn chocolatier earlier this year to share production space and cut costs. Rents are rising exorbitantly throughout New York City, but a newer rising expense is labor. The minimum wage will increase from $11 to $13 […]
The Brews are Flowing Out of Brooklyn
Barrels of whiskey and bags of malt are stacked inside Van Brunt Stillhouse’s 5,500-square foot distilling room. Creating a narrow path to a cooper vat, the tight space is where the Red Hook brand makes their signature whiskey and rum. Van Brunt Stillhouse produces 6,000 barrels of whiskey, rum, […]
What can NYC’s Amazon effort learn from the Olympic bid? Play the long game.
As the dust settles following the six-week dash to submit the city’s Amazon headquarters bid, attention is turning to what can be repurposed from the work — regardless of Amazon’s choice. The effort is reminiscent of another citywide sales job — the 2012 Olympic bid, which paved the way for […]
Rising Costs Make Doing Business at Roni-Sue’s Chocolates Bittersweet
At 6:30 pm on a Saturday night, Rhonda Kave, owner of Roni-Sue’s Chocolates, is doing the dishes in her shop. She’s the only one working – and there’s a lot to clean up after yesterday’s busy chocolate fair. With increases in labor costs, fines, regulations and soaring rents, Kave had […]
Minimum Wage Hike Threatens Food Manufacturing Job Growth
Increased pay for low-wage workers has small New York City businesses worrying about expanding, or, in some cases, already downsizing. Others are forced to move out of the state or replace employees with machines. As measured by jobs, food is the city’s largest manufacturing sector. Between 2005 and 2015, the […]
CONSTRUCTION UNIONS CUT PAY, BENEFITS TO KEEP AFLOAT
Union construction companies, once the dominant builders in New York City, have been forced to cut wages and benefits to compete with the cheaper non-union firms that have increasingly elbowed their way into the metropolitan marketplace. After the recession of 2008, developers looking to build in the city were presented […]
NYCEDC-Backed Companies Juggle Product and Platform as Advanced Manufacturers
As 2016 comes to a close, there’s a term many early adopters and tech fiends thought would have been on the tip of their luddite friends’ tongues: 3D printing. The 2013 opening of MakerBot in Brooklyn was what some thought to be a watershed moment for the 3D printing and […]
Bodegas in NYC Cling On
The inside of Luis Espinoza’s Ridgewood based bodega is a blend of different products, many of which highlight the many cultures found nearby. There are plastic containers on the counter with Caribbean coconut candies, Reds Apple Ales in the fridge, European chocolates, and Doritos. People are usually coming in […]
Protected: Airbnb’s Got a Big Gay Problem
There is no excerpt because this is a protected post.