New York Business News
Finance
John Catsimatidis Threatens Exit: A Challenge for NYC’s Grocery Sector
New York City, November 11, 2025 John Catsimatidis, the billionaire owner of Gristedes and D’Agostino supermarkets, has signaled a potential departure from NYC, citing declining profits and challenges like shoplifting. This...
KPMG Unveils New 450,000-Square-Foot Headquarters in NYC
New York City, November 11, 2025 KPMG has inaugurated a new 450,000-square-foot headquarters in New York City, designed with a focus on employee collaboration and modern workplace dynamics. This state-of-the-art office...
SNAP Benefit Delays Impact Low-Income Shoppers in NYC
New York City, November 11, 2025 Delays in SNAP benefit distribution have led to significant reductions in spending among low-income shoppers in New York City. Businesses reliant on this demographic are...
New York Approves $1 Billion NESE Natural Gas Pipeline
Albany, NY, November 11, 2025 The New York State Department of Environmental Conservation has approved the Northeast Supply Enhancement natural gas pipeline project. The $1 billion initiative will extend the existing...
New Hampshire Governor Targets NYC Business Owners Amid Election
Manchester, New Hampshire, November 11, 2025 In response to New York City Mayor Zohran Mamdani’s election, New Hampshire Governor Kelly Ayotte has launched a campaign aimed at attracting NYC business owners....
New York Senators Push for Tesla Divestment Amid Financial Concerns
Albany, N.Y., November 10, 2025 A debate is ongoing in New York as Democratic senators urge the state pension fund to divest from Tesla due to concerns over the company’s financial...
New York City Opens .NYC Domain Availability to All Residents and Businesses
New York City, November 10, 2025 New York City has expanded the availability of the .NYC domain, allowing all residents and businesses to register their own web addresses. This initiative is...
Trump Administration’s New Tax Measures Benefit Wealthy Individuals
Washington, D.C., November 9, 2025 The Trump administration has enacted new tax breaks aimed at high-income earners and pass-through business owners, building on the tax cuts from 2017. While supporters argue...
New York State Report Highlights Economic Impact of Federal Tariffs
Albany, NY, November 8, 2025 A newly released report from Governor Kathy Hochul’s office reveals that federal tariffs are imposing a 21% tax on imports, costing New York households about $4,200...
Construction
New York Approves $1 Billion NESE Natural Gas Pipeline
Albany, NY, November 11, 2025 The New York State Department of Environmental Conservation has approved the Northeast Supply Enhancement natural gas pipeline project. The $1 billion initiative will extend the existing...
New York City Businesses Are Migrating South to Florida
Florida, November 7, 2025 In the wake of rising taxes under Mayor Zohran Mamdani, New York City is experiencing a notable migration of businesses to Florida. Many companies are seeking the...
China Suspends New Export Controls on Rare Earth Elements
Beijing, China, October 31, 2025 China’s recent suspension of new export controls on rare earth elements is a strategic move aimed at easing pressures on global supply chains. These elements are...
Alphabet Inc. Achieves Record Q3 Revenue of $102.3 Billion
San Francisco, October 30, 2025 Alphabet Inc., the parent company of Google, has reported a record revenue of $102.3 billion for Q3 2025, marking a 16% increase year-over-year. The growth is...
New York’s Economic Development Initiatives Propel Statewide Growth
New York State, October 29, 2025 New York State is launching various economic development initiatives aimed at fostering growth, innovation, and sustainability. Key programs include significant investments in infrastructure, clean energy,...
New York City Remains the World’s Most Expensive Construction Market
New York City, October 28, 2025 New York City has been ranked as the most expensive construction market globally for the third consecutive year, with costs averaging $5,744 per square meter....
JPMorgan Chase Launches New Global Headquarters in NYC
News Summary JPMorgan Chase has inaugurated its new global headquarters at 270 Park Avenue, a $3 billion investment highlighting its commitment to New York City. The 60-story skyscraper can accommodate...
New York City Sees Surge in Casino License Proposals
News Summary New York City is experiencing a rise in casino construction interest, with eight proposals submitted for licenses. A selection committee will choose three candidates, each valued at $500...
JPMorgan Chase Opens New Headquarters in New York City
News Summary JPMorgan Chase has inaugurated its new 60-story headquarters at 270 Park Avenue in New York City, marking a significant milestone in office real estate post-pandemic. Designed by Foster...
Real Estate & Properties
KPMG Unveils New 450,000-Square-Foot Headquarters in NYC
New York City, November 11, 2025 KPMG has inaugurated a new 450,000-square-foot headquarters in New York City, designed with a focus on employee collaboration and modern workplace dynamics. This state-of-the-art office...
New York’s All-Electric Buildings Act Sets 2026 Deadline
New York City, November 11, 2025 New York State’s All-Electric Buildings Act will mandate that most new buildings up to seven stories be constructed without fossil fuel systems by 2026. This...
New York City Christmas Tree Business Faces Mafia Influence and Competition
New York City, November 11, 2025 With the holiday season nearing, New York City’s Christmas tree industry confronts various challenges. A new documentary, ‘The Merchants of Joy,’ directed by Celia Aniskovich,...
East Harlem Hotel Site Transforms into 21-Story Residential Tower
New York City, November 11, 2025 A former hotel site in East Harlem is being redeveloped into a 21-story residential tower, featuring a mix of market-rate and affordable housing units. This...
Former Upper West Side School Building Sold for $26.4 Million
New York City, November 8, 2025 Apex Investments has purchased the former Calhoun School building on the Upper West Side of Manhattan for $26.4 million. The property will be converted into...
New York Red Bulls Expand Operations with Innovative Partnerships
Harrison, NJ, November 8, 2025 The New York Red Bulls have announced significant advancements in their operations, including the rebranding of Red Bull Arena to Sports Illustrated Stadium. This strategic move...
Zohran Mamdani Elected as New York City’s Next Mayor
New York City, November 7, 2025 Democratic socialist Zohran Mamdani has been elected as the next mayor of New York City, securing 50.4% of the vote. This historic victory marks him...
Governor Kathy Hochul Endorses Zohran Mamdani for NYC Mayor
New York City, November 7, 2025 New York Governor Kathy Hochul’s endorsement of Zohran Mamdani reflects a significant political shift in the city’s mayoral race, consolidating support among Democratic leaders for...
Will Zohran Mamdani’s Streetscape Vision Transform NYC?
New York City, November 7, 2025 Zohran Mamdani’s proposed streetscape vision aims to revitalize outdoor dining and public transit in New York City. This ambitious plan focuses on creating a vibrant,...
Marketing
New Hampshire Governor Targets NYC Business Owners Amid Election
Manchester, New Hampshire, November 11, 2025 In response to New York City Mayor Zohran Mamdani’s election, New Hampshire Governor Kelly Ayotte has launched a campaign aimed at attracting NYC business owners....
Custom A-Frame Sidewalk Signs Boost Visibility for NYC Businesses
New York City, November 2, 2025 In New York City, businesses are turning to custom A-frame sidewalk signs to enhance street-level visibility and draw in foot traffic. These signs provide immediate...
MediaRise Launches Multichannel Content Marketing for Small Businesses
News Summary MediaRise has introduced a new multichannel content marketing service designed specifically for small businesses in New York City and its neighboring boroughs. Launched to help local enterprises tackle...
Saatchi & Saatchi Appoints New President for New York Office
News Summary Saatchi & Saatchi has named Ben Grossman as President of its New York office, effective July 21. Grossman, with extensive advertising experience, is expected to drive creative excellence...
Navigating Sustainable Growth in Public Relations
News Summary In a recent DesignRush Podcast episode, 5WPR executives Ilisa Wirgin and Leigh Ann Ambrosi discussed sustainable growth strategies for public relations agencies. They emphasized the importance of managing...
Boyd Artesian Well Company Inducted into Historic Business Registry
News Summary Boyd Artesian Well Company, a family-owned business serving Putnam, Dutchess, and Westchester counties for over 50 years, has been inducted into the New York State Historic Business Preservation...
2025 Digiday Content Marketing Awards Highlight Innovative Campaigns
News Summary The 2025 Digiday Content Marketing Awards showcased remarkable achievements in video content and branded campaigns. With a focus on storytelling, brands like L’Oréal and e.l.f. Cosmetics exemplified innovation,...