Tag Archives: Brooklyn

8.33 million people: New York City population hits new mark

Daily News logoThis 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.

Click here to read her story.

 

Two sides to minimum wage debate

The much debated impact of raising the minumum wage is highlighted in The Brooklyn Bureau article by Gerard FlynnThe Business Council  and NFIB weigh in saying a hike would hurt company profitability by raising labor costs and lead companies to trim their workforces.

Click here to read

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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 LogoTake action now!  Tell the Governor and the State Legislature not to raise the minimum wage.

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Department of Financial Services offering insurance assistance in Nassau County, Staten Island and Brooklyn

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:

Nassau County

Wednesday, Feb. 27 – 11 a.m. to 7 p.m. at Tanner Park Senior Center, end of Baylawn Avenue in Copiague.

Staten Island

Thursday, Feb. 28 – 11 a.m. to 7 p.m. at Senator Andrew Lanza’s Storm Relief Tent, Corner of Mansion and Whitman Avenues.

Brooklyn

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.

Handmade goes big: Etsy nears $1B in sales

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.

This interesting story comes to us from Matthew Flamm, reporter for Crain’s New York Business:

Crain's New York Business logoEtsy, 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.