Daily business news in the Great State of New York!
The NFL announced that the 2024 Salary Cap will be $255.4 million per club, with an additional $74 million per club payment for player benefits, which includes Performance Based Pay and benefits for retired players. Total 2024 player costs will be $329.4 million per club, or more than $10.5 billion league-wide. The unprecedented $30 million […]
The Port Authority of New York and New Jersey marked the completion of a new $47.2 million station house at the Harrison, NJ stop on the PATH commuter rail in the latest step toward the Port Authority’s multi-facility modernization of the regional transit hub. The newly built 3,200-square-foot station house features an elevator; a public […]
NEW YORK — Japanese watchmaker Seiko has opened a new flagship store for its Grand Seiko luxury watch brand on Madison Avenue in Manhattan. Located at 540 Madison Avenue in New York City, the new multi-level flagship store is the largest Grand Seiko Boutique in the world. With an impressive presence on the corner of Madison […]
NEW YORK — Tuned, a digital hearing health company providing preventive and comprehensive hearing health for employers, has secured an oversubscribed $3.2 million seed extension led by Unum Group, with participation from Distributed Ventures. Tuned’s latest round brings its total funds raised to $8.2 million. Tuned plans to use the funding to grow its commercial […]
NEW YORK — New York City Regional Center has announced the closing of $19,000,000 in New Market Tax Credit financing to help fund building upgrades and ongoing operating expenses at the Armory Nike Track & Field Center in Washington Heights. The $19 million of funding will assist the non-profit Armory Foundation in continuing its robust after-school youth programming as well […]
ALBANY – Low housing inventory continued to slow the New York housing market and with interest rates still fluctuating near 6.5 percent, 2024 began much the same as 2023 ended in the Empire State, according to the housing report released by the New York State Association of REALTORS. Interest rates moved marginally from December 2023 […]
Here are home prices by county in New York for January 2024. Data provided by the NYS Association of Realtors, Greater Capital Region Association of Realtors and OneKeyMLS. New York county (Manhattan) is not included.
NEW YORK — The New York Chapter of the Public Relations Society of America (PRSA-NY) has revealed its new 2024 Board of Directors. Matt Rizzetta, Founder and Chairman of North Sixth Group, a distinguished entrepreneur and visionary in the field, is leading the charge as president. Rizzetta’s tenure promises to carry forward the rich heritage […]
Citigroup is cutting at least 286 jobs in New York City at its global headquarters according to WARN notices filed with the NYS Department of Labor. Reports in January said the company was planning to cut 20,000 jobs over the next two years. Citigroup employed 239,000 full-time workers at the end of December 31, 2023. […]
Brooks Brothers, maker of fine suits for men, has signed Jalen Brunson, All-Star Point Guard for the NY Knicks, as its newest brand ambassador. Highly regarded for his winning style on and off the court, Brunson is the perfect ambassador for the heritage brand and its tailored clothing collection. Brooks Brothers and Brunson both telegraph […]
Governor Kathy Hochul announced $20 million in state funding has been awarded to seven counties and New York City to improve emergency communications and protect New Yorkers. The Statewide Interoperable Communications Grant program funding will be used to aid county governments to improve and enhance local emergency response capabilities by investing in public safety communications […]
BOSTON & NEW YORK — DraftKings has hit it big. The Boston-based online sports betting company has agreed to acquire Jackpocket, the leading lottery app in the United States, for $750 million, with approximately 55 percent of the amount payable in cash and approximately 45 percent of the consideration payable in the Company’s Class A […]
NEW YORK — Pronto Housing—a software solution to make complicated affordable housing processes efficient and easy for everyone — has raised $3 million from Infinity Capital Partners, MRK Partners, Icon National, and others. Pronto’s total funding to date is $9.5 million. The company will use the capital to accelerate Pronto Housing’s mission of shaping the future […]
NEW YORK — Voices, the world’s leading voice over marketplace, has announced the winners of the 2024 Voicey Awards. With over four million voice actors on the platform, the Voicey Awards is Voices’ annual awards program recognizing outstanding voice over talent across a variety of categories. The Voicey Awards review a variety of factors to determine each […]
NEW YORK — NLX, which is developing AI to power customer service for large and enterprise brands, has raised $12 million in Series A funding, led by Cercano and joined by Thayer Ventures and HL Ventures. Initial investors IAG Capital Partners, JetBlue Ventures and Tech Square Ventures’ Engage also contributed to this new round of funding. […]