No Image

Absolut(e) Air: Vodka Made From What We Breath

Brooklyn-based startup Air Co. has just released a vodka made from carbon dioxide. The electrochemical conversion of carbon dioxide into alcohol is not new; Air Co. is the first to produce and scale a drinkable beverage out of it. The new drink’s label reads “vodka made from air, water and sun.” As a player in the trendy food and beverage sustainability movement, Air Co. made “the world’s first carbon-negative vodka,” with each bottle a result of the…

Read More

No Image

New York Welcomes Start-Up Nation’s Best

New York’s growing tech force has led many Israeli high tech companies to open headquarters in the Big Apple. A report by the New York-Israel Business Alliance, an outfit promoting economic prospects between New York state and Israel, showed that Israeli-founded companies make a significant impact on the state economy: $18.6 billion in revenue in 2018. The study also found that between 2014 and 2016, Israeli start-ups secured $3.5 billion in venture capital funding. Just…


No Image

Wegmans Now in NYC

Wegmans Food Market, the popular family-owned regional chain, now has a branch in New York City.  The retailer opened a 74,000-square-foot store in the Brooklyn Navy Yard, making it the 101st store for the 103-year-old company. With headquarters in Rochester, New York, Wegmans locations can be found all along the east coast as far south as North Carolina. New York Sen. Chuck Schumer attended the store’s grand opening ceremony and explained that Wegmans “is what…


No Image

Teens Need Some Credit (Cards)

Teens and young adults (under 18 years old) are not eligible to apply for their own credit rating, but they can be “carried” on their parents’ cards as authorized users. While giving a teenager a credit card may seem precarious, it can also be a positive educational tool for emerging adults. Jack E. Kosakowski, president and chief executive of Junior Achievement USA, an organization for financial literacy and entrepreneurship promotion among young people says: “I…


No Image

Eco-Friendly Construction Aided by New Lending Program

New environmental laws, designed to combat climate change, are driving up the costs of real estate development. Now developers are taking advantage of a financing tool to help pay for green-building requirements. The loan model, known as Property Assessed Clean Energy, or PACE, was created in 2008 to subsidize the costs of building improvements that create environmentally sustainable and resilient properties. PACE is emerging as developers go-to for creating more energy-efficient buildings that are compliant with…


No Image

New York Businesses Selected as Finalists in Grow-NY Food Business Competition

Seven New York businesses were among eighteen companies selected to take part in the first round of the state-funded Grow-NY food innovation and agriculture technology business challenge. The finalists were chosen from nearly 200 startups that had submitted applications to the contest, which seeks outstanding ideas for new food, beverage or agriculture businesses. An additional two rounds of competition will ultimately select seven winners who will be awarded a total of $3 million, paid in stages based…


No Image

Health-tech hub expands to New York

New York is the newest location for an innovation center of the Chicago-based health-tech incubator Matter.  In collaboration with the New York City Economic Development Corporation, Matter is working to connect startups with life sciences companies, health care providers, academic research centers and health-related organizations. Steven Collens, Matter CEO, said “the expansion will create East Coast opportunities for Chicago-based companies and help New York companies enter the Midwest,” yielding economic growth for all. Matter plans to leverage its nonprofit, no-equity model to…


No Image

NY Reopens Iconic Flagship Apple Store

The iconic cube on Fifth Avenue in New York City is now reopened for business. The Apple store was closed for renovations nearly two years ago. Now the revamped location, double the size of the previous space, facilitates better business and optimizes users’ experience. The store is one of the first major openings since Deirdre O’Brien, Apple’s HR chief, took over as head of retail. She explained how “Apple worked with Foster + Partners to reimagine the…


NYC Now Offers Salary Negotiation Classes for Women

New York City is now offering women a free class on negotiation skills so that they can secure raises and better employment conditions. The two-hour workshop is available across New York’s five boroughs. An online course is also available. The goal is to reach a total of 10,000 women. Women in New York earned 88% of what men did in 2016, according to American Association of University Women research that looked at median annual earnings for full-time…


Recent New York Transactions

New York business transactions – the purchase and sale of large companies and corporations – happen on a regular basis.  Here we look at three of them: LeverPoint, Lord & Taylor and Fiorello Pharmaceuticals. A recent announcement was made declaring that New York fund management service provider LeverPoint will be acquired by Chicago private equity firm GTCR. Once acquired it will be merged into GTCR’s portfolio firm, Ultimus Fund Solutions.  This move will broaden Ultimus’ presence in New York…