New York business

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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…

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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…


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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…


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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…


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…


Made in New York Coming to Fashion and Film Industries

Sunset Park is slated to become the home of a new “Made in NY” campus as $136 million is dedicated to a facelift of an old Brooklyn warehouse. New York City Mayor Bill de Blasio announced his ambitious plan to construct a city-run complex that will rent out space to television and movie makers and companies in the fashion industry. The project is predicting the addition of 1,500 new, permanent jobs by the year 2020…