New York State Business News

Rite Aid Files for Bankruptcy, Closes 178 Stores in New York

News Summary Rite Aid's bankruptcy filing for the second time in two years results in plans to close all 178…

3 months ago

Federal Reserve Enhances Standing Repo Facility Operations

News Summary The Federal Reserve Bank of New York plans to incorporate early-settlement operations into its Standing Repo Facility (SRF)…

3 months ago

New York Increases Film and Television Subsidy Cap

News Summary New York Governor Kathy Hochul has signed a state budget doubling the film and television subsidy cap to…

3 months ago

New York-Presbyterian Announces Layoffs Amid Economic Challenges

News Summary New York-Presbyterian plans to lay off about 1,000 employees, or 2% of its workforce, due to economic hardships…

3 months ago

New York Passes $254 Billion Budget with Payroll Tax Hike

News Summary New York has approved a $254 billion state budget that includes a significant payroll tax increase aimed at…

3 months ago

New York State Increases Payroll Tax and Installs Speed Cameras

News Summary New York State lawmakers have approved a payroll tax hike and the installation of speed cameras to support…

3 months ago

New York’s Medical Marijuana Industry Faces Significant Challenges

News Summary New York's medical marijuana industry is experiencing a troubling decline, marked by reduced patient registrations and dispensary closures.…

3 months ago

Rite Aid to Close All New York Stores Amid Bankruptcy

News Summary Rite Aid has announced the closure of all its pharmacies in New York as part of its bankruptcy…

3 months ago

New York Expands Empire State Child Credit to Support Families

News Summary New York has made a historic expansion of the Empire State Child Credit in its 2025-2026 budget, significantly…

3 months ago

New York Launches $2 Billion Inflation Refund Program

News Summary New York State is set to distribute $2 billion to households as part of an inflation refund initiative.…

3 months ago