Daily business news in the Great State of New York!
NEW YORK – New York City is launching LockerNYC, a free pilot program that will utilize lockers installed on public sidewalks throughout multiple boroughs to allow New Yorkers to receive secure package deliveries. Statistics show that 80 percent of households in New York City receive at least one delivery per week and 20 percent receive four […]
The Federal Trade Commission today sued to block Tapestry, Inc.’s $8.5 billion acquisition of Capri Holdings Limited, a deal that seeks to combine three close competitors – Tapestry’s Coach and Kate Spade brands and Capri’s Michael Kors brand. If allowed, the FTC says the deal would eliminate direct head-to-head competition between Tapestry’s and Capri’s brands. […]
Governor Kathy Hochul announced that Empire State Development has executed a $100 million Grant Disbursement Agreement for the transformative Electron-Ion Collider project at Brookhaven National Laboratory. The agreement with the U.S. Department of Energy marks a major milestone toward bringing the world’s only next-generation EIC to Long Island and launches New York State’s investment in […]
Governor Kathy Hochul announced the Environmental Facilities Corporation Board of Directors has approved $142 million in financial assistance for water infrastructure improvement projects across New York State. The Board’s approval authorizes municipal access to low-cost financing and previously announced grants to get shovels in the ground for critical water and sewer infrastructure projects, including treatment […]
Governor Kathy Hochul announced the confirmation of New York State Police Superintendent Steven G. James by the Senate. “Public safety is my top priority and Superintendent James has been a critical partner in these efforts,” Governor Hochul said. “The New York State Police does extraordinary work to fight crime and keep people safe, and I am confident […]
Governor Kathy Hochul announced 20 new graduates from the 18th Basic School of the New York State Office of Parks, Recreation and Historic Preservation (State Parks) Police Academy. After six months of intense training, these new officers will be assigned regionally to serve New York’s 250 parks and state historic sites. Last year, those sites […]
Damian Williams, the United States Attorney for the Southern District of New York, announced that MENDEL ZILBERBERG was sentenced to 30 months in prison in connection with a scheme to obtain a fraudulent $1.4 million loan from Park Avenue Bank. The defendant was a member of Park Avenue Bank’s board of directors at the time […]
NEW YORK – New York Attorney General Letitia James announced settlements worth more than $1.9 million with five Nissan car dealerships in New York City and on Long Island for overcharging over a thousand New Yorkers who wanted to purchase their leased vehicles at the end of their lease term. An investigation by the Office […]
Governor Kathy Hochul announced that construction has begun on a project to modernize the Sullivan County International Airport and create a state-of-the-art gateway that will fuel economic growth and foster increased tourism for the entire Catskill Region. The project, which was awarded $18.5 million from the Governor’s $230 million Upstate Airport Economic Development and Revitalization […]
Governor Kathy Hochul is reminding drivers that New York’s Move Over Law will soon be expanded to include all vehicles which will improve highway safety for everyone. Starting March 27, 2024, drivers will be required to take precautions, including slowing down and moving over, to avoid a crash with all vehicles stopped along the roadway. […]
Governor Kathy Hochul, alongside the United States Secretary of the Interior Deb Haaland and other elected officials, announced the completion of the landmark South Fork Wind project, with all 12 offshore wind turbines constructed and the wind farm successfully delivering power to Long Island and the Rockaways. The event marks a historic milestone as New […]
NEW YORK – New York City Mayor Eric Adams announced a $741 million investment for an estimated 80,000 human services workers employed by non-profit organizations with a city contract as part of a new cost-of-living adjustment (COLA). The human services workforce — which is overwhelmingly female at 66 percent and 46 percent women of color — remains […]
NEW YORK – New York City Mayor Eric Adams has announced the appointment of and elevation of key members of the City Hall communications team halfway through his first term. On the communications team, Ryan Birchmeier will serve as communications director, Erika Tannor will join the administration as first deputy communications director, and Noah Levine has […]
Governor Kathy Hochul announced a five-point plan to utilize state resources to protect New Yorkers on the subways. This includes sending the National Guard and NYS Police to assist the NYPD with bag checks, a new bill that would permit transit bans for individuals that assault other passengers, adding new cameras to protect conductor cabins, […]
New York State has conditionally awarded two offshore wind projects from its fourth offshore wind solicitation – a planned 810-megawatt project, Empire Wind 1, (developed by Equinor) and Sunrise Wind, a planned 924-megawatt project (developed by Orsted and Eversource). The competitively selected projects will create more than 800 near-term family-sustaining construction jobs and invest $2 […]