New York business news

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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…


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New Jobs in NYC’s Squarespace

Squarespace, the one-stop platform for website construction, is set to expand its global headquarters in New York City, furthering its presence in the city by nearly 20% over the next two years. This growth will create at least 150 new tech jobs in engineering, design, support, and more. 150+ new tech jobs in NYC as part of Squarespace expansion New York’s tech employment sector has grown 23 percent, since 2011. Squarespace’s expansion in New York…


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New York Small Businesses Get Reality T.V. Boost

Fredonia, a small city in upstate New York, is among the five semi-finalists to be featured on the Small Business Revolution reality television show. It is the only New York location selected from all the contenders. Small Businesses like the bakery in Fredonia, New York could win a remodel on Small Business Revolution. The other semi-finalists are Benicia, CA, Livingston, MT, Spearfish, SD and The Dalles, OR. The winning town will be awarded $500,000 for…


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NY’s Newest Transportation Option

Getting to and from New York’s busiest airports is now slightly easier with Uber’s latest offering: Uber Copter. Uber Copter rides will take you from Manhattan to any NY airport. Travelers book a helicopter ride with Uber Copter in the same way they would an Uber. With a price tag of $199.82, the app will reserve a heliport lift from Manhattan to any of New York’s airports. The app will also allow users to tack…


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Netflix in Paris in New York City

Netflix, the American media service provider and production company, is now also the operator of the Paris Theatre, the last single-screen theater in New York City. Netflix is now offering its movie options in the NYC Paris Theater The 71-year-old cinema closed earlier in 2019 when the previous lease expired. Netflix reopened Paris in time for the holiday season with its own acclaimed movie, “Marriage Story,” with stars Adam Driver and Scarlett Johansson. The Paris…


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New Shared Space for Small Shops

Every small business owner knows that maintaining a storefront is a significant expense. For those building an online presence, building a client base can be a challenge as well. Now one company is bringing the models of popular “sharing economy” to retail.  ShopFulfill, a New York City-based startup is setting up Anchor shops across the city to give online retailers places to show their wares. The ShopFulfill model brings the best of both the e-commerce…


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Amazon is Coming to New York City

Amazon has announced plans to open a new 35,000-square-foot office in New York City in 2021. The new facility will be located in the Hudson Yards area and will employ over 1,500 people. Amazon’s arrow now points to New York City. Earlier in 2019, Amazon scrapped its plans to open HQ2, the name it gave its NYC headquarters. This December announcement emphasized that the company will receive no tax breaks or financial inducements for the new…


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Lord & Taylor Returns to New York

At the beginning of 2019, New Yorkers bid farewell to the iconic Fifth Avenue Lord & Taylor department store. But now, at the end of 2019, New Yorkers can rejoice once again. Lord & Taylor will be opening a 2,400-square-foot pop-up shop for two weeks in mid-December. The temporary shop will be in Soho, an area of Manhattan that is full of seasonal pop-ups, high-end fashion shops, and empty storefronts. Shoppers can expect a meticulously…


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New York Named Most Innovative City

As 2019 comes to a close, New York has one more thing to be proud of: making #1 on the list of the world’s most innovative cities. Last year’s winner, Tokyo, got bumped down to number two. Three other U.S. cities also made the top 10, Los Angeles, Chicago and Boston. This was the first time since 2007 that Chicago made the list, due to the growing number of start-ups and top-ranked universities planting roots…