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…
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…
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…
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…