Jobs are booming in the New York City economic recovery, but not the ones black men have traditionally held. In fiscal year 2012, blacks comprised 22% of the total New York City population but accounted for 32% of government employees. Other ethnicities were either proportionally represented or underrepresented in the […]
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Unemployment Rate Among Blacks Remains High Despite New York City Job Boom
Young black men in New York City were hit hardest by the recession and while the overall economic outlook has improved, blacks continue to struggle despite the New York job boom. Overall, the unemployment rate for blacks in the first half of this year was 9.2%, almost 3 percentage points […]
Housing is sure to come to East New York, but will middle-class jobs for current residents follow?
Community leaders in East New York are demanding that the city protect and invest in the neighborhood’s industrial businesses—a source of much-needed middle class employment—as part of their plan to rezone the area. East New York’s Industrial Business Zone (IBZ), which is currently home to 45 industrial and manufacturing […]
Meet the New York Tech Startup that’s Changing Parental Leave
When Mark Egerman’s wife, Alisha, gave birth to their first daughter, Shirin, in late May, he took six weeks off from work to spend time with his new family. Egerman, co-founder of Cover, a New York-based restaurant mobile payment startup, also wanted to show his employees that it was okay […]
Protected: City’s Reforms to Private Waste-Hauling Hit Delays
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Senator John Flanagan Continues Opposition to $15 Hourly Minimum Wage
Senator John Flanagan says he supports working men and women but does not support Governor Andrew Cuomo’s proposed statewide minimum wage increase to $15 an hour. Speaking at a Crain’s New York Business conference September 30, Flanagan, who has an economics degree, acknowledged that the current minimum wage was not […]
Harlem’s Wing Wars: Why the neighborhood’s going pollo loco
Restaurateur Jamar White thought he’d be the only game in town earlier this year when he decided to open a third location of his small, yet successful chicken wing franchise, Buffalo Boss, on 125th St. in the heart of Harlem’s still-booming real estate market. “There really weren’t any wing places […]
Protected: Crown Heights Gentrification Spurs Growth For Minority-Businesses Willing to Tweak Their Business Models
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A Hopeful Hub of Bronx Tech Startups, Waiting on Investment
If he had his way, Joswell Valdez would work out of the borough that inspired his startup company. Growing up in the Bronx, Valdez knew many immigrants who regularly sent money to family members back home. So Valdez created sync.cr, a mobile app that allows users to make bitcoin payments […]
Citi Bike a Dream Deferred for the Bronx
Bronxites might be a little closer to seeing Citi Bike, the city’s bike share program, expand into their borough. Citi Bike has scheduled a meeting in October with Bronx Borough President Ruben Diaz Jr. and other stakeholders to discuss the possibility, according to Dani Simons, a Citi Bike spokesperson. The […]
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.