Tag Archives: bloomberg

Celgene, GE Ventures and Eli Lilly invest in NYC biotech

Business Council members Celgene, GE Ventures and Eli Lilly & Co are investing $40 million in New York City’s biotech industry as part of a new public-private partnership announced yesterday by The Bloomberg administration.  The City of New York Early-Stage Life Sciences Funding Initiative will fund life sciences research and a new technological institute focusing on medical technology.

According to Crain’s New York, the city’s Economic Development Corp will also contribute $10 million to the project while another $50 million will be raised through venture capital partnerships.  The fund, totaling $100 million, will be distributed to the city’s life science-focused research universities.

Read the full article on the Crain’s New York website.

Court strikes down NYC prevailing wage

Yesterday, the State Supreme Court struck down New York City’s prevailing wage law saying it was invalid because it was pre-empted by the state minimum wage law.

The legislation, which required prevailing wage for service workers in buildings that receive substantial government subsidies, passed The City Council last year.  Mayor Bloomberg vetoed the legislation but the Council overrode the veto.

The city comptroller sets prevailing wages for work on public projects which depend on occupation and union rates.  Mayor Bloomberg vetoed the legislation saying that it would threatened job-creating projects in the city and would make it harder for companies to invest.

NYT/Siena Poll shows Quinn leading mayoral race

A New York Times/Siena College poll released today shows that voters in the New York City mayoral race feel a candidate’s ability to understand the needs and problems of ordinary New Yorkers was the most important factor.

The poll shows City Council Speaker Christine Quinn leading the Democratic mayoral candidates, with 27 percent of Democrats supporting her.  Other Democratic candidates trailed her, with 18 percent supporting former Congressman Anthony Weiner, Public Advocate Bill de Blasio, and former Comptroller William Thompson Jr., were each backed by 11 percent of Democratic voters, and 7 percent supported Comptroller John C. Liu.  Fifty-nine percent of voters say former Congressman Anthony Weiner deserves another chance while 54 percent of voters said the same for former Governor Eliot Spitzer, who is running for city comptroller.

Sixty-five percent of voters said that they wanted the next mayor to move the city in a new direction, even though most approved of Mayor Michael R. Bloomberg’s job performance.


Favorable / Unfavorable Ratings











Christine Quinn 26% 26% 22% 25%
Bill de Blasio 23% 10% 22% 45%
Bill Thompson 23% 10% 21% 45%
Anthony Weiner 22% 37% 25% 15%
John Liu 20% 18% 19% 43%
Sal Albanese 6% 8% 12% 73%
Erick Salgado 3% 5% 11% 81%
John Catsimatidis 8% 12% 12% 68%
Joseph Lhota 8% 13% 16% 63%
George McDonald 5% 6% 12% 77%
Adolfo Carrion 6% 8% 11% 75%
Eliot Spitzer 28% 35% 24% 12%
Scott Stringer 14% 7% 18% 61%
Barack Obama 69% 18% 11% 1%
Andrew Cuomo 56% 14% 19% 11%
Michael Bloomberg 44% 39% 15% 2%
The New York Times/Siena College New York City Poll – July 18, 2013

Crain’s: Post-Bloomberg anxiety increases

Businesses fear a city government that’s a den of patronage and backroom deal-making

Crain’s New York Business reporters Andrew J. Hawkins and Chris Bragg take a look at the concerns businesses have as they look at what life will be like after Mayor Michael Bloomberg leaves office, concern that has only been heightened with the bribery scandals that erupted last week.

Click here to read more.

Crain’s: Lawsuits feared from new unemployment law

twitter-logoAnnie Karni, reporter for Crain’s New York Business, takes a close look at the ramifications of New York City’s new law banning employers from discriminating against unemployed job applicants. The City Council overrode Mayor Bloomberg’s veto of the legislation which many business leaders also opposed.

Click here to read Karni’s report.


Crain’s: NYC adopts tough jobless-discrimination law

Crain’s New York Business posted an Associated Press story on New York City’s measure to protect unemployed job applicants against discrimination. Businesses and Mayor Michael Bloomberg strongly objected to the measure saying lawmakers shouldn’t dictate how hiring decisions are made, however the City Council overrode his veto.

Click here to read more.

Judge knocks down Bloomberg large soda ban

Relief for large soda drinkers in New York City! Justice Milton Tingling of the state Supreme Court in Manhattan called Bloomberg’s ban on large sodas ‘arbitrary and capricious’ stopping the large soda ban a day before it was to be implemented, as outlined in this article from Erin Durkin at the New York Daily News. The Business Council filed an Amicus Curiae Brief on the soda ban late last year in the interest of maintaining economic viability for its members in the New York City metro area.

Read more


Nation: New data show consumers increasing borrowing

Bloomberg Newstwitter-logoJeanna Smialek of Bloomberg News reports that the data showed that consumer credit rose $16.2 billion in January after a $15.1 billion rise in December, “as Americans took out loans for auto purchases and tuitions. … Employment gains, rising stock prices and stable home values may be making households more willing to borrow, helping sustain the consumer spending that accounts for about 70 percent of the economy.”

Click here to read more. 


Quinnipiac Poll: New Yorkers back ban on take-out foam more than 2-1

Giuliani Ranked Best Mayor, With Koch, Bloomberg Tied

New York City voters support 69 – 26 percent Mayor Michael Bloomberg’s proposed ban on plastic foam food and drink containers, with strong support from every borough and in every group except Republicans, according to a Quinnipiac University poll.

The ban on large servings of sugary drinks is harder to swallow, especially among black voters who oppose the ban 60 – 38 percent. All New York City voters are opposed 51 – 46 percent, the independent Quinnipiac (KWIN-uh-pe-ack) University poll finds. Women are divided on the big drink ban, with 48 percent in favor and 49 percent opposed. Men oppose the ban 54 – 44 percent. White and Hispanic voters also are divided.

New York City voters approve 53 – 40 percent of the job Bloomberg is doing, compared to 56 – 37 percent January 17.

Rudolph Giuliani did the best job of any New York City mayor in the last 50 years, 31 percent of voters say, with 25 percent for Ed Koch and 24 percent for Bloomberg. David Dinkins and John Lindsay get 6 percent each with 1 percent for Abe Beam.

Click here to read more.