Daily business news in the Great State of New York!
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. […]
The city of Schenectady is holding Restaurant Week from February 26 – March 3. Enjoy a week of multi-course meals at participating Schenectady restaurants for the special fixed price of $20 for a minimum two-course lunch menu, $30 for a minimum three-course dinner menu and/or $40 for a minimum three-course dinner menu. Schenectady Restaurant Week […]
QUEENS, NY — The New Terminal One at New York John F. Kennedy International Airport announced Jennifer Aument as its incoming CEO, set to assume the role on April 1, 2024. The New Terminal One is currently under construction with its first gates scheduled to open in 2026, in partnership with the Port Authority of New York & New Jersey, as part […]
QUEENS, NY — Midea, a maker of heat pumps, water heaters and other products for the Heating, Venting and Air Conditioning (HVAC) industry, opened its first national showroom and distribution center in Queens with a special ribbon-cutting event attended by a representative of New York Governor Hochul’s office, New York Congresswoman Grace Meng, representatives from Con Edison and PSEG and other […]
NEW YORK — Prosek Partners, an integrated marketing and communications firm, has opened its new flagship office in New York City. Located in the NoMad neighborhood at 28 East 28th Street and Madison Avenue, the 34,000 square foot office spans the building’s 15th floor, creating an open space that fosters both creativity and connection. Since […]
Avelo Airlines is expanding service to upstate New York with twice-weekly flights from Albany and Rochester beginning in May. The Houston-based airline is introducing Albany as the newest city in its network with exclusive nonstop service to Raleigh-Durham International Airport (RDU). Avelo will also offer new nonstop service from Rochester, NY (ROC) and Manchester, NH […]
Paramount Global is laying off 347 workers in New York according to a WARN notice filing with the NYS Department of Labor. Paramount is a leading media company that operates the CBS TV network along with cable networks MTV, Comedy Central, VH1, Nickelodeon, Showtime, BET and the streaming network Paramount Plus. The company has over […]
NEW YORK — Empire State Realty Trust, Inc. has signed a new lease with Hanover Street Capital, a commercial real estate platform that provides comprehensive services for Deutsche Bank’s commercial and multifamily real estate financing business, for a 12,622 square foot space at 250 West 57th Street. [Photo above: The building at 250 West 57th Street; […]