Archive for September, 2010
Households may be doubling up as poverty spikes
Posted on 18. Sep, 2010 by Alana Casanova.
While the state’s poverty rate spiked in 2009, the increase may have been mitigated by households doubling up and young adults holding off on moving out on their own, housing experts say. The phenomena may also lead to a greater disparity between households and housing units reported in the census figures for 2010. Census reports […]
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Will the City Make Room for Made in New York?
Posted on 17. Sep, 2010 by Lisa Riordan Seville.
Talks may be starting up again on the future zoning of the garment center–in the jostling over space and vision, does manufacturing still have a place in midtown?
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Worthwhile Wait for Tenant and Landlord
Posted on 17. Sep, 2010 by Thomas Chan.
The new small business moving into the shuttered storefronts on Putnam and Grand Avenues took years to arrive. But the wait was worth for both the landlords and the tenant – each with a unique circumstance.
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Small Businesses Still Feeling Recession’s Effects
Posted on 17. Sep, 2010 by Emily Lavin.
New York City’s economic outlook may be brighter, but not everyone is celebrating the news. For Toni Abinanti, business is still just plain bad. “I don’t know who they’re asking when they say the economy’s getting better, but it’s not small business owners like me,” said Abinanti, who owns Rudy’s Pastry Shop in Ridgewood, Queens. […]
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Closed for Business Near Yankee Stadium
Posted on 16. Sep, 2010 by Amy Yensi.
By Amy Yensi: Jay-Z and Eminem could teach the business owners around Yankee Stadium a thing or two about selling. The Hip Hop heavyweights sold out two consecutive concerts at the ballpark, but some businesses in the neighborhood dropped the ball, big time. “Our clothing and souvenir merchants didn’t create a market for themselves,” said […]
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Pent-up demand driving N.Y. business travel
Posted on 16. Sep, 2010 by Kerri MacDonald.
They’re not booking the penthouse. But pent-up demand is luring business travelers back to New York City hotels. The most recent Beige Book report from the Federal Reserve Board said a growing share of tourism revenue in New York is coming from business travel. That growth was especially strong during the first half of the […]
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Fracking debate heats up
Posted on 16. Sep, 2010 by Eleanor Miller.
The latest environmental buzz word is “fracking,” and no one is referring to the slang word from “Battlestar Galactica.” “Fracking” is the shortened term for “hydraulic fracturing,” a process in which water mixed with sand and chemicals is forced into clay beneath the earth’s surface to extract natural gas and other resources. Last Wednesday, the […]
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Commercial rates improve, big and small alike
Posted on 16. Sep, 2010 by Colby Hamilton.
The last year from retail vacancies outside of Manhattan has been rough. According to a CBRE Econometric Advisors report released last week, vacancies for community and neighborhood centers, such as large grocery stores and chain storefronts, was at 8.5 in the second quarter of 2009. In the first quarter of 2010 it was up to […]
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Tech Not Taking Advantage of City’s Biz Network
Posted on 16. Sep, 2010 by Amy Berryhill.
Despite the recent recession and the reminder of the tech bubble bursting, New York technology startups underutilize their biggest advantage: the city’s huge customer base. From venture capitalists, to advocates, to the entrepreneurs themselves, many agree that New York startups often fail to test their business plans on potential customers. Not only does this put […]
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New program gives Bronx small business ambition
Posted on 15. Sep, 2010 by Vishal Persaud.
Despite recent news that the recession may be over, small businesses continue to struggle – especially in the Bronx where business owners were among the hardest hit in New York City. Rey Santana has owned his small business on the Grand Concourse for almost 25 years – but when the recession hit and banks were […]
