New York City,

Gov. Cuomo announces $35M restaurant return-to-work tax credit program

ALBANY, N.Y. (WROC) — Gov. Andrew Cuomo announced the launch of New York State’s $35 million Restaurant Return-to-Work Tax Credit program. The program is designed to help expand employment opportunities for workers and provide relief to COVID-impacted restaurants. It offers a tax credit for the rapid hiring of restaurant workers to reduce the restaurant industry’s pandemic-induced economic difficulties.
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New York City, NYNew York Post

Wegmans announces second NYC location to open in 2023

There’s something new in store for the former, and long-standing, Kmart location on Astor Place in downtown Manhattan. The Rochester, NY-based — and cult favorite — grocery chain Wegmans will open up shop there, at 770 Broadway, during the second half of 2023, according to a Thursday press release from building landlord Vornado Realty Trust.
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Glen Cove, NYHerald Community Newspapers

Villa developer requests PILOT

As various housing developments break ground or mark completion across the city, one long-planned project remains in question: The Villas at Glen Cove, a 176-unit rental complex along Glen Cove Avenue. The development has been in the works for 17 years, and while demolition was completed in 2017, the buildings have yet to be constructed. The developer, Daniel Livingston, has requested a payment in lieu of taxes agreement from the Glen Cove Industrial Development Agency to expedite the building process.
New York City, NYCNN

Robinhood stock gets off to volatile start on Wall Street

New York (CNN Business) — Robinhood has officially started its life as a public company, marking a milestone for a company that has revolutionized the way Americans trade. The controversial trading platform opened at $38 on Thursday, matching its initial public offering price. That suggests Wall Street bankers priced the IPO correctly but that demand is lukewarm.
New York City, NYNew York Post

LinkedIn says most employees can work from home forever

The majority of LinkedIn’s 16,000 employees will be allowed to work remotely full-time, the company said Thursday, in a reversal of its previous policy. However, workers who relocate from cities like San Francisco and New York to cheaper locales may have their pay docked based on local market rates, the company told Reuters.
New York City, NYNEWS10 ABC

New York unemployment claims 78% below 2020

NEW YORK (WWTI) — Unemployment rates are continuing to improve in New York. A recent ranking lead by the personal-finance website WalletHub, has found that New York is having a “somewhat successful” recovery from new unemployment claims. According to WalletHub, last week’s claims are lower than rates logged at the beginning of 2020.
White Plains,

Westchester One Offers a Multi-Million Dollar Upgrade

The office building seeks to become the premier space for businesses in Westchester County through a multi-million-dollar renovation. The Westchester One building, located at 44 South Broadway in White Plains, is undergoing a series of renovations that will provide a reimagined office space for businesses. The host of improvements to...
New York City, NYPosted by
The Associated Press

Robinhood CEO tells AP it’s eyeing expansion beyond trading

NEW YORK (AP) — Robinhood has already changed how people trade stocks and who’s doing it. Now its sights are on the rest of the financial industry. Shares of Robinhood Markets traded for the first time on the Nasdaq Thursday, following the highly anticipated initial offering by the company that’s drawn a new generation of investors into the market and forced the industry to stop charging fees for trading. Shares fell as much as 12% in early trading before paring the loss. But while the IPO is a milestone, it’s not a culmination, according to CEO Vlad Tenev.
New York City,

Big Gains Forecast for Broadcasting Equipment Market

NEW YORK—A new report from Persistence Market Research on the broadcast equipment market predicts that it will top $ 6.2 billion in global sales in 2021, up 7.7% from 2020, and that growth will be even faster in years ahead, growing at 9.4% CAGR through 2031, when the market will be worth $15 billion.

AeroFarms' David Rosenberg Discusses Growth, Investment, and More

NEWARK, NJ - From diving into publicly traded waters and launching a rebrand to introducing several new items and opening a research and development (R&D) hub, it’s safe to say that AeroFarms has come farther than CEO and Co-Founder David Rosenberg envisioned since the beginning days of 2004. Fast-forward to...