Several groups have come up with a plan to convert four blocks of warehouses into high-tech facilities. Reporter Matt Chaban describes the ambitious project which would “cement Brooklyn’s role as an incubator for new and growing tech outfits.”
A new design-driven laboratory focused on innovation in manufacturing will be housed at the Brooklyn Navy Yard. Crain’s New York outlines how the site that once produced battleships will create around 300 new jobs under the new plan, and that $60 million in public and private money will be invested in renovation.
Glenn Blain, reporter for The Daily News, writes about about the economic activity that will be spurred by the production of the new Spider-Man movie. Those 3,500 jobs would be created in Brooklyn and Long Island.
This story is all over the place, but I picked the following Daily News report because it has the best headline – The Bronx is up — and the Battery’s up! Reporter Tina Moore writes that Brooklyn has seen the greatest hike in the city’s population, according to new U.S. Census data released Thursday.
The much debated impact of raising the minumum wage is highlighted in The Brooklyn Bureau article by Gerard Flynn. The Business Council and NFIB weigh in saying a hike would hurt company profitability by raising labor costs and lead companies to trim their workforces.
[message_box title=”Keep New York’s economy on track – Say no to a minimum wage increase” color=”red”]
We need to improve New York’s economy and create good-paying private-sector jobs. Raising the minimum wage will not do that. It would increase the cost to affected employers – with direct costs of nearly $3000 for each full-time minimum wage employee, plus indirect costs caused by “wage compression,” as wages are adjusted for higher earning employees.
To meet these costs, employers will have to eliminate jobs or reduce workers’ hours, raise prices, defer investments, or reduce profits – none of which promotes economic growth. Cost increases will reduce the number of entry level jobs for persons with the least skill and experience, whom the proponents of a higher minimum wage purport to help.
Take action now! Tell the Governor and the State Legislature not to raise the minimum wage.
Crain’s reporter, Matt Chaban, has posted a nice story about what he calls an “edgy new design for the sugar-refinery site on the Williamsburg waterfront.” He writes that “it looks like nothing else in the city.”
We received the following announcement this morning:
Department Representatives Available to Answer Consumer Questions
Long Island Site Will Mark 100th Time DFS Representatives Have Visited a Storm Sandy-Affected Community With Agency’s Mobile Unit
Benjamin M. Lawsky, Superintendent of Financial Services, announced that representatives of the Department of Financial Services (DFS) will be at locations in Nassau County, Staten Island and Brooklyn to help homeowners, renters and business owners with insurance-related issues stemming from damage caused by Storm Sandy.
The visit to Copiague in Nassau County on Wednesday will mark the 100th time Department representatives have visited a community affected by Superstorm Sandy using the agency’s Mobile Command Center to offer insurance-related help to storm victims.
The Department’s representatives will be available to meet with residents at these locations:
Wednesday, Feb. 27 – 11 a.m. to 7 p.m. at Tanner Park Senior Center, end of Baylawn Avenue in Copiague.
Thursday, Feb. 28 – 11 a.m. to 7 p.m. at Senator Andrew Lanza’s Storm Relief Tent, Corner of Mansion and Whitman Avenues.
Friday, March 1 – 10 a.m. to 6 p.m. at 402 Van Brunt St. in Redhook.
Saturday, March 2 – 10 a.m. to 4 p.m. at corner of Sheepshead Bay Road and Emmons Avenues Avenue in Sheepshead Bay.
Department representatives will help citizens contact their insurers if they have been unable to do so and answer questions about homeowners’, renters’ and business owners’ insurance coverage.
Citizens unable to go to the Mobile Command Center are encouraged to call the Department’s storm hotline (800) 339-1759 which is staffed from 8 a.m. to 8 p.m., Monday through Friday, and from 10 a.m. to 5 p.m., Saturday and Sunday. Insurance information is also available on the Department’s website,www.dfs.ny.gov.
The eight-year-old, Brooklyn-based e-commerce website had a banner year in 2012. It grew 70% and nearly doubled its community of sellers to 22 million as hints of an IPO grow.
Etsy, Brooklyn’s e-commerce powerhouse, isn’t slowing down. The company, which will turn eight this year, had merchandise sales of $895 million in 2012, a 70% spike over 2011, according to Chief Executive Chad Dickerson, who announced the results in a blog post Monday.
Etsy also nearly doubled its community of sellers, adding 10 million members last year for a total of 22 million in more than 200 countries. Calling 2012 “a breakthrough year,” Mr. Dickerson said the growth reflected increased investment in marketing, which included spending more than a quarter of a million dollars on Google’s product listing ads and opening an Etsy popup shop in SoHo in December.
The Dumbo-based company, which provides an online storefront for the sale of handmade and vintage goods, has also been focused on mobile growth and international expansion.
“All of these factors added up to more shoppers coming to Etsy than ever before; in fact, new buyers increased by 83% in the last year,” Mr. Dickerson wrote.