Amazon buys Zoox

Amazon Gets a New Lift

Amazon recently announced it is acquiring Zoox, a 6-year-old startup designing self-driving cars. Zoox raised $955 million in venture-backed funding to build progressive mobility options and meet urban transportation needs. Autonomous car company Zoox now owned by Amazon Aicha Evans, Zoox CEO, and Jesse Levinson, co-founder and CTO, will continue to lead the team. Zoox is working on developing zero-emission vehicles that can be autonomously ridden. The company is also devising an end-to-end autonomy software stack, to…

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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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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…

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…

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.