New York State Business News

News Summary Rite Aid’s bankruptcy filing for the second time in two years results in plans to close all 178 stores in New York, impacting

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

News Summary New York Governor Kathy Hochul has signed a state budget doubling the film and television subsidy cap to $800 million, including a new

News Summary New York-Presbyterian plans to lay off about 1,000 employees, or 2% of its workforce, due to economic hardships and impending Medicaid cuts. The

News Summary New York has approved a $254 billion state budget that includes a significant payroll tax increase aimed at funding the MTA’s $68 billion

News Summary New York State lawmakers have approved a payroll tax hike and the installation of speed cameras to support the MTA’s $68 billion capital

News Summary New York’s medical marijuana industry is experiencing a troubling decline, marked by reduced patient registrations and dispensary closures. A $15 million licensing fee

News Summary Rite Aid has announced the closure of all its pharmacies in New York as part of its bankruptcy filing on May 5, 2025.

News Summary New York has made a historic expansion of the Empire State Child Credit in its 2025-2026 budget, significantly increasing financial support for families

News Summary New York State is set to distribute $2 billion to households as part of an inflation refund initiative. Over 8 million residents are