Wind Energy Coming to New York

Recently, Governor Andrew Cuomo selected the European wind farm giant Equinor to build the 816-megawatt offshore wind farm coming to the area. Equinor is considering leasing the South Brooklyn Marine Terminal in Sunset Park for both the logistics and creation of the wind farm, which would create hundreds of jobs and offer valuable investments into the area in Brooklyn. As a spokesman for the potential partnership said, “The effort to bring hundreds of green manufacturing…


NYC and Minimum Wage

January 1, 2019 marked the implementation of NYC’s minimum wage increase to $15 per hour.  Any place of work that has 10 members of staff or more, has to pay them at least $15 per hour.  NYC will be the 43rd state to raise the minimum wage legally like this. In this article, we look at the impacts of that. In addition, the first US city that is implementing minimum wage for ride-sharing driver employees…


Booming Business Brands

Last week the Brooklyn Chamber of Commerce kicked-off a “Brooklyn Made” program in order to certify the authenticity of products who dare to claim that they are actually and 100% truly “Made in Brooklyn.” Not only will the certification tell consumers where the manufacturer is headquartered, but a rating of gold, silver or bronze will allow the most discerning customers the ability to distinguish between products merely from Brooklyn and products that create manufacturing jobs…


New York Business Champions

Earlier this year Phil Andrews of the Long Island African American Chamber of Commerce (LIACC) was named President of the 2019 Small Business Champion.  The recognition and commendation comes from the US Small Business Administration (SBA)’s NY District Office. The LIAACC is the largest African American Chamber of Commerce in New York. it provides services to Kings, Nassau, Queens and Suffolk. The criteria for selection by which Andrews was commended is: Made significant endeavors to…


New Mergers and Acquisitions

Mergers and acquisitions can be very beneficial to a state’s economy. As stated in an article in Economy Watch: “Mergers and acquisitions generally succeed in generating cost efficiency through the implementation of economies of scale. An increase in cost efficiency is effected through the procedure of mergers and acquisitions. This is because mergers and acquisitions lead to economies of scale. This in turn promotes cost efficiency.”  Here we take a look at a few recent…



Thriving Businesses

A look at the success of Peter Luger’s steakhouse – a restaurant that has been thriving in Brooklyn, NY for over 130 years. Described as the “quintessential, old school NYC steakhouse experience.”  According to the eatery’s VP, David Berson promote “simple goodness” family owned business is one of the few Michelin starred restaurants in the city and has made Zagat’s list of Top Restaurants for over 30 years.


L’oreal Buys Carol’s Daughter

Twenty years ago Lisa Price began concocting fragrances and lotions in her kitchen in the Bedford-Stuyvesant section of Brooklyn. It did not take long before Price, who is now 52, began to develop a loyal following of customers. As she grew on the coattails of her most beloved products such as Mimosa Hair Honey, her client base expanded to include even celebrities like Oprah Winfrey, Jay Z, Halle Berry and Jada Pinkett Smith. Price says…


Downtown Brooklyn Welcomes Ashland

The transformation of Brooklyn’s cultural center has taken a huge step forward with the opening of the Ashland residential tower. The tower is located at the meeting point of Fort Greene and Downtown Brooklyn, where the cultural institutions are located with the Brooklyn Academy of Music as the anchor. New York has spent over $100 million in public spaces and arts organizations found there. New developments are sprouting up as affordable housing, retail, and office…


Business Conference News

Happening today, is a discussion held by executive management at South State Corporation (SSB).  Entitled Investor Day, this event – starting at 11am – will center around corporate strategies of the corporation as well as their financial performance. It will provide a good insight for institutional investors. While the actual event is invitation only, others can pick it up live via the website or 1-409-217-8783/ toll free 1-866-688-2179 (conference ID: #3473637). The focus is guidance…