Revenue-neutral reform will streamline City and State taxes by merging bank tax into new corporate tax—eliminating burdensome administration and improving compliance, while broadening the city’s tax base
NEW YORK—Mayor Bill de Blasio proposed today a major reform of New York City’s corporate tax structure, modernizing an outdated system, providing vital tax relief to the city’s small businesses and local manufacturers, and streamlining City and State corporate tax codes.
The revenue-neutral reforms will be retroactive to January 1, 2015.
Certain New York City...
State and City each commit an initial $50 million to launch the initiative, which will make the Brooklyn waterfront community more resilient – part of comprehensive, citywide resiliency plan
NEW YORK—Governor Andrew M. Cuomo and Mayor Bill de Blasio today announced a Request for Proposals (RFP) for the study and design of an integrated flood protection system (IFPS) in the Red Hook neighborhood of Brooklyn. The project, for which the City and State are each committing an initial $50 million,...
On December 5, 2014, the Comptroller's Office released a Request for Information (RFI) in order to invite responses and gather information regarding options for electronic processing of contract invoices and payments. The Comptroller is seeking information regarding new technologies and approaches to inform the transition of the invoice submission, review, and approval processes from their mostly paper-based current state to an electronic solution in a secure, scalable, and cost effective manner.
The RFI can be found at: http://comptroller.nyc.gov/forms-n-rfps/rfps-n-solicitations/?id=7#active.
The Comptroller’s Office is considering holding a pre-submission...
City Investment of $3.5 Million Will Support Local Apparel Manufacturing, Emerging Fashion Designers and the Creation of Quality Jobs
Deputy Mayor for Housing and Economic Development Alicia Glen, New York City Economic Development Corporation (NYCEDC) President Kyle Kimball, Manufacture New York CEO Bob Bland and Salmar Properties Co-Founder Marvin Schein today announced the creation of the Manufacturing Innovation Hub for Apparel, Textiles + Wearable Tech, an innovative fashion manufacturing and design hub in Sunset Park, Brooklyn. Located at the privately-operated...
After a whirlwind three days of 18 events, meetings with companies from all across the globe, and hosting over 300 guests, the W2NYC Smart and Sustainable Cities program has come to an end!
A few of the highlights:
Winning teams: In front of a packed house (standing room only), the W2NYC delegates got the chance to pitch their business to over 100 distinguished guests , including New York City’s newly-appointed and first-ever Chief Technology Officer, Minerva Tantoco. The panel of...
Comprehensive Online Platform Connects New Yorkers with Information, Resources and Jobs in New York City’s Digital Economy
NEW YORK—New York City Mayor Bill de Blasio today unveiled Digital.NYC, a first-of-its-kind online platform that will serve as a centralized hub for the City’s tech ecosystem, providing information and resources to help turn ideas into businesses, deliver valuable tools for digital startups, and connect New Yorkers to opportunities in the City’s tech ecosystem. Digital.NYC offers a pioneering search portal and database with profiles...
Gov. Andrew Cuomo has signed a law to extend property tax breaks for installing electricity-generating solar panels on New York City buildings.
Assembly member Linda Rosenthal, a Manhattan Democrat and sponsor, says the action extends the existing incentive program to 2017, doubles the possible tax break and helps promote a green economy.
It’s also meant to offset the 25 percent higher cost of installing solar capacity in the city due to stringent regulations and the complexity of building sites.
Sponsors say eligible...
A number of exciting updates this week, including the announcement of the W2NYC companies!
• The delegates!: The NYCEDC has confirmed a diverse mix of 15 companies from the transportation, smart infrastructure, and energy sectors, hailing from Belgium, Denmark, France, Germany, Israel, the Netherlands, Spain, Sweden, the United Kingdom, and the United States (Arizona, Florida, Massachusetts, and Michigan). For full list call 212 808 2707.
• W2NYC events: Registration for the following events is now open. Please RSVP as soon as...
NEW YORK, September 16, 2014 — Mayor Bill de Blasio today announced the appointment of Penny Abeywardena as commissioner of the Mayor’s Office for International Affairs. Abeywardena, Director of Girls and Women Integration at the Clinton Global Initiative—a non-partisan organization that convenes global leaders to devise and implement innovative solutions to the world’s most pressing problems—brings a wealth of experience in strategic relations and first-hand knowledge of international affairs to this position.
As the head of the Mayor’s Office for International...
The NYC Economic Development Corporation in partnership with New York International has opened applications for the fall 2014 World to NYC program, which has a focus on smart and sustainable cities.
Emerging companies from the US and abroad are eligible to participate in the program, which runs from September 29 to October 1, 2014. The application period is open now through August 22.
World to NYC will provide knowledge exchange and collaboration between cutting-edge companies already present in the city and...