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New York Related News
New York Related News
24
Feb
$14 million Investment in Cleantech Business Incubator Initiative Supports the Development of 141 Clean Energy Companies across the State
Governor Andrew M. Cuomo today announced that 141 clean technology companies have been supported and primed for further growth through the Governor’s Cleantech Business Incubator initiative. The initiative has attracted more than $215 million in private capital and created 980 high-quality jobs at the New York-based businesses statewide. The continued growth of New York’s emerging clean energy economy is a core...
22
Feb
Governor Andrew M. Cuomo today announced that a $22.4 million project to rehabilitate the South Mall Expressway in downtown Albany will begin later this month. The South Mall Expressway connects Interstate 787, the Dunn Memorial Bridge, the Empire State Plaza and downtown Albany neighborhoods.
“The South Mall Expressway is critically important to the Capital Region’s economy and transportation network,” Governor Cuomo said. “These crucial repairs will be done with as little disruption to drivers as possible, and they’ll ultimately ensure...
19
Feb
NYCEDC is excited to announce the launch of a new program designed to help international entrepreneurs create jobs in New York City.
The International Innovators Initiative (IN2NYC) will help international entrepreneurs gain access to the visas they need to grow their businesses in the Big Apple. Selected entrepreneurs will be partnered with one of seven City University of New York (CUNY) institutions, enabling entrepreneurs to qualify for cap-exempt H-1B visas. Entrepreneurs will use their expertise to contribute to school communities...
10
Feb
The U.S. Department of Commerce report on Jobs Supported by State Exports 2014 economic brief indicates that goods exported from New York supported 389,957 jobs in 2014 – an increase of 27,919 (7.7%) from 2009. Nationally, record exports of U.S. goods and services supported 11.7 million jobs in 2014.
The Office of the United States Trade Representative have put together a booklet highlighting the importance of international trade while speaking to the companies who have benefitted from accessing a global market.
The...
25
Jan
Acting under the pressure put on it by the New York financial supervisory authority, German Commerzbank dismissed 4 German employees, but has now been upbraided by Frankfurt Labor Court for doing so.
The US bank authority had demanded repercussions for the bank's lax anti money laundering checks: "The Authority is instructing the bank to take all necessary steps to dismiss the four employees who played a central role in the context of the inappropriate conduct (...), but who continue to...
14
Jan
It may not be the Powerball, but the ship has come in for those who bet that the $3 billion Peter Cooper Village and Stuyvesant Town would pay off in full in January 2016. Ever since the sale of the complex was announced in late 2015, CMBS investors knew this day was coming; the only question was "when?” A lawsuit from a lender of mezzanine debt, followed by the trustee asking for clarification on the exact distribution for the repayment proceeds cast...
07
Jan
Before we kick off 2016 in earnest, I wanted to share a brief recap of 2015, a banner year for New York City not just in tech but across a whole host of topics. Take a look. The record is clear. Mayor Bill de Blasio is making NYC a stronger and more just place for all New Yorkers - and that ultimately means a smarter, more sustainable, and more equitable tech ecosystem for us all.
When Mayor de Blasio created...
17
Dec
Grants Leverage $440 Million in Water Quality Investments, Providing $284 Million in Savings for Taxpayers
Governor Cuomo announced $75 million in grants to support 45 drinking water and wastewater infrastructure improvement projects throughout New York State. This funding will leverage more than $440 million in total project costs to improve New York's infrastructure and is expected to save local taxpayers over $284 million through a 59 percent reduction in municipal costs.
"New York invests more to protect water-quality and strengthen water...
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