New York business

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Business news, New York business, New York business news November 6, 2019

New York Welcomes Start-Up Nation’s Best

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…

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Business news, New York business, New York business news October 15, 2019

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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Business news, New York business, New York business news October 3, 2019

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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Business news, New York business, New York business news September 24, 2019

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…

New York business April 7, 2018

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…

New York business news July 7, 2017

Florida Developer Purchases in Brooklyn

A building in Brooklyn which was the property of Jehovah’s Witnesses was sold to a developer based in Florida, the Wall Street Journal reported. The developer, Kayne Anderson, paid $200 million for the 16-story apartment building located in Brooklyn Heights. The developer renamed the building The Watermark at Brooklyn Heights, whereas it was previously known as the Towers. The plan is to convert the 295-unit residential building to a luxury senior housing with 300 units….