New York business news

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Loans for Small Businesses affected by Corona

New York Mayor Bill de Blasio announced an assistance program offering monetary relief to small businesses affected by the coronavirus outbreak. NY’s small businesses will be entitled to corona rehab loan Businesses with fewer than 100 employees can apply for an interest-free loan up to $75,000. The loans are intended for businesses in the service industry, like restaurants and caterers, that have kept employees on payroll and seen a decline in revenues. The repayment plan for the loan is…

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A Business Model that Works (and Thrives) During a Pandemic

As Americans are under strict orders to stay home to curb the spread of the Coronavirus, businesses offering virtual experiences, online resources, or delivery services are able to do exceptionally well. Meal delivery services, like Blue Apron and Hello Fresh are seeing significant growth in customers. With cooking being a favorite pastime (and necessity), it is no wonder that consumers are looking for ways to prepare healthful and hearty meals with none of the shopping, hassle, or…


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First Financial Innovation Symposium in NY

Linda A. Lacewell, New York’s Department of Financial Services Superintendent announced that the Department of Financial Services (DFS) will hold its first Symposium on Financial Innovation and Inclusion in 2020, during New York Fintech Week. New York set to host first Symposium on Financial Innovation and Inclusion The meeting is designed to bring the fintech ecosystem together: stakeholders, policymakers, regulators, innovators, established financial institutions, investors, and those representing consumer perspectives. “New York is the capital…


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Easier Housing Searches for New York Apartment Seekers

Artificial intelligence (AI)-powered long-term room rental platform Badi is now working in New York City. Badi joins a few other platforms, including Spareroom, Roomster, and Roomi, looking to help pair dwelling seekers with appropriate housing. Bondi making it easier for NYC apartment seekers Badi has over two million users on the European app. The successful New York City pilot in late 2019 is being fully launched across the Big Apple. The app’s algorithm compiles data points of…


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New Golf Greens in New York

Topgolf Entertainment is opening its first New York location. The new three-level Topgolf venue will open in Suffolk County, New York. It is slated to be a tech-driven place to play through point-scoring games, with 102 bays and a chef-driven menu. The climate-controlled outdoor space will have year-round activities for all age groups. New York is getting its first Topgolf venue Expected to generate some 500 jobs, Topgolf is also slated to offer golf lessons…


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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…


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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…