February 2020

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New York’s Wine Industry is 3rd in Nation

New York state’s wine industry — from grape growing to sales – yields an annual economic impact of $6.65 billion. It is the 3rd leading wine-producing state in the U.S. and has created nearly 80,000 jobs, according to a recently released analysis commissioned by the New York Wine & Grape Foundation. New York’s wine industry 3rd largest in the nation Its size notwithstanding, New York’s wine and grape business is controlled mostly by small, family-owned producers, NYW&G…


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New York’s Healthcare and Tech Sectors Grow in 2019-20

New York City continued its employment expansion in 2019, and is well on track to see continued growth in 2020 as well. This trend is a result of ongoing healthcare hiring in start-ups and well-established businesses, business services, and the boom in technology-related jobs. Overall, these jobs compensated for a downturn in employment in other urban industries like construction, real estate, hospitality, and finance. Healthcare and tech jobs grew in New York City in 2019…


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NYC’s Cybersecurity Win

At the beginning of 2020, three NYC companies were selected as winners in the NYCx Cybersecurity Moonshot Challenge. The competition is designed to provide cybersecurity solutions to New York’s 240,000 small and midsize businesses that don’t have the financial capital, physical resources, or technical know-how to protect themselves against cybercrime. NYC’s small businesses are now safer The three winners are: INKY, a startup marketed to businesses as a specialized service to detect phishing threats. Paladin Cyber and SKOUT Cybersecurity, offer…


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Donuts Chain Expanding Across NYC

Famed donut chain Krispy Kreme is launching its most ambitious New York City expansion in more than a decade. Krispy Kreme is expanding across NYC In the first few months of 2020, 80-year-old Krispy Kreme will open seven new locations, including a newly remodeled Penn Station location opened in January and a new midtown location opened February 4. The other locations will be in the Financial District, the Bronx near Fordham University, Harlem and the…