According to a UN Environment Program Global Status Report, within the next four decades, around 2.5 trillion square feet of new construction will be required worldwide. Due to population growth and increasingly dense urban areas, a solution is needed if – as an international community – we want to reach our climate objectives. According to retired architect and tree lover Moshe Victor Keinig said: “At first glance it does seem a bit odd that you…
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…
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…
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…
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…
2020 will see an estimated 1.4 million tech jobs available in the U.S. Some 70% may remain unfilled. Tina Lee, the founder of MotherCoders, is determined to bridge that gap by arming moms with the necessary tech skills to land these well-paid opportunities. Lee first thought of the idea when she was on maternity leave from her job as a director of innovation for the California State Controller’s Office. She realized that her lack of…
Brooklyn-based startup Air Co. has just released a vodka made from carbon dioxide. The electrochemical conversion of carbon dioxide into alcohol is not new; Air Co. is the first to produce and scale a drinkable beverage out of it. The new drink’s label reads “vodka made from air, water and sun.” As a player in the trendy food and beverage sustainability movement, Air Co. made “the world’s first carbon-negative vodka,” with each bottle a result of the…
New York’s growing tech force has led many Israeli high tech companies to open headquarters in the Big Apple. A report by the New York-Israel Business Alliance, an outfit promoting economic prospects between New York state and Israel, showed that Israeli-founded companies make a significant impact on the state economy: $18.6 billion in revenue in 2018. The study also found that between 2014 and 2016, Israeli start-ups secured $3.5 billion in venture capital funding. Just…
Wegmans Food Market, the popular family-owned regional chain, now has a branch in New York City. The retailer opened a 74,000-square-foot store in the Brooklyn Navy Yard, making it the 101st store for the 103-year-old company. With headquarters in Rochester, New York, Wegmans locations can be found all along the east coast as far south as North Carolina. New York Sen. Chuck Schumer attended the store’s grand opening ceremony and explained that Wegmans “is what…
Teens and young adults (under 18 years old) are not eligible to apply for their own credit rating, but they can be “carried” on their parents’ cards as authorized users. While giving a teenager a credit card may seem precarious, it can also be a positive educational tool for emerging adults. Jack E. Kosakowski, president and chief executive of Junior Achievement USA, an organization for financial literacy and entrepreneurship promotion among young people says: “I…