Daily business news in the Great State of New York!
In December, the NY Office of the State Comptroller approved 2,332 contracts for state agencies and public authorities valued at $75.6 billion and approved nearly 1.8 million payments worth more than $15.6 billion. The office rejected 212 contracts and related transactions valued at $15.4 billion and nearly 1,800 payments valued at nearly $12.6 million, primarily […]
A New York man was sentenced Friday to 12 years in prison and ordered to pay over $336 million in restitution for a years-long fraud scheme in which he and his co-conspirators, including physicians throughout the country, defrauded multiple health insurance companies out of hundreds of millions of dollars. According to court documents and evidence […]
Governor Kathy Hochul announced the launch of the first-ever Tuition Assistance Program eligibility to cover hundreds of SUNY and CUNY non-degree programs that lead to jobs in high-demand, growing fields. The expansion builds on the support offered through TAP, New York State’s 50-year-old financial assistance program, which provides direct aid to students. “Tuition assistance for […]
The U.S. National Science Foundation (NSF) has designated the New Energy New York (NENY) Storage Engine as a Regional Innovation Engine (NSF Engine) as a part of President Biden’s Investing in America agenda. The NENY Storage Engine, anchored at Binghamton University in New York’s Southern Tier Region, will receive up to $15 million for two […]
Governor Kathy Hochul announced the launch of the State’s new Farm Employer Overtime Credit advance portal, which is now open for farmers to register and begin preparing the documents they will need to apply for reimbursement. Later this year, eligible farm employers may apply to the Department of Agriculture and Markets for a certificate of […]
Damian Williams, the United States Attorney for the Southern District of New York, and James Smith, the Assistant Director in Charge of the New York Field Office of the Federal Bureau of Investigation (“FBI”), announced that Morgan Stanley & Co. entered into a non-prosecution agreement (the “NPA”) with the U.S. Attorney’s Office and agreed to […]
Governor Kathy Hochul announced a settlement with New York City-based real estate brokerage firm City Wide Apartments, Inc. after a state investigation found that the firm charged excessive broker fees – in one instance collecting over $20,000 in additional fees – to tenants looking for housing. “With our state staring down a housing crisis, excessive […]
NEW YORK – New York City Mayor Eric Adams and Office of Labor Relations (OLR) Commissioner Renee Campion announced agreements with District Council 37 (DC 37) and Communications Workers of America (CWA) Local 1180, collectively representing over 1,000 911 operators and their supervisors. In two years, and less than a year after its first agreement […]
Governor Kathy Hochul announced a plan to remove barriers for prospective school bus drivers applying for a commercial driver license. At the Governor’s direction, the DMV has implemented a federal waiver that allows school bus driver applicants to skip the engine compartment component, also called the “under the hood” component of the commercial driver license […]
Governor Kathy Hochul announced Smithtown-Kings Park as the Long Island winner of the seventh round of the Downtown Revitalization Initiative, receiving $10 million, as well as Brookhaven-North Bellport and Mineola as this year’s Long Island region NY Forward winners, receiving $4.5 million each. For Round 7 of the Downtown Revitalization Initiative, each of the state’s […]
The New York State Thruway Authority announced that the southbound lanes of the Thruway (I-87) from exit 18 in New Paltz to exit 17 in Newburgh will fully shut down to all traffic at 8 p.m. Saturday, Jan. 20, for at least 12 hours so contractors can safely remove the damaged Brookside Road overpass over […]
Governor Kathy Hochul has declared a State of Emergency ahead of potentially dangerous and life-threatening blizzard-like conditions forecasted to impact communities along Lake Erie and Lake Ontario. Areas adjacent to both lakes are forecast to be impacted by strong winds with gusts up to 70 mph that will likely cause power outages, freezing cold wind […]
In November, the Office of the State Comptroller, headed by Thomas DiNapoli, approved 2,063 contracts for state agencies and public authorities valued at $32.5 billion and approved nearly 2 million payments worth more than $13.3 billion. The office rejected 189 contracts and related transactions valued at $401 million and nearly 1,100 payments valued at more […]
NY Governor Kathy Hochul announced recommendations by the New York State Board for Historic Preservation to add 36 properties to the State and National Registers of Historic Places and one property to the State Register of Historic Places. These nominations include a new historic district in Harlem, an industrial manufacturing complex in Poughkeepsie, a grange […]
The Port Authority of New York and New Jersey has welcomed 109 cadets of its police force’s 122nd class in a graduation ceremony held this week at St. Joseph’s High School in Metuchen, NJ. The incoming class joins the agency just weeks after the Port Authority’s Board of Commissioners approved the agency’s 2024 budget, which included […]