Tag Archives: nyc

New York City tops list of American Cities of the Future

New York City continues to top the list of cities in the Americas most attractive to foreign investors according to fDi magazine. Other U.S. cities making the top 10 included Houston, Atlanta, San Francisco, Chicago and Miami.  New York City attracted  1.08% of global foreign direct investment (FDI) despite Hurricane Sandy and also topped the list of Best Major American City for Infrastructure.

Other cities that made the list include, Toronto, Montreal and Vancouver as well as the Brazilian city of São Paulo.

Read the full rankings and report on The Financial Times’ FDI Intelligence website (free registration required).



Cuomo on Malcolm Smith: People in power abuse power. It’s part of the human condition.

In a Capitol Confidential blog post Jimmy Vielkind of the Times Union shared Governor Cuomo’s take on the Malcolm Smith scandal. He also shared a side note on a Syracuse Post-Standard story  regarding the governor’s relationship with Syracuse Mayor Stephanie Miner… or lack thereof.

Click here to read the post.

Small raises, big problems

In this morning’s edition of The Wall Street Journal, reporter Michael Howard Saul writes that New York City’s next mayor will potentially have to find $4.34 billion for a salary increase of 1 percent a year for each union worker if the city doesn’t reach contract settlements with public employee unions this year. That’s according to city Comptroller, John Liu.

Click here to read more. [Subscription-based]


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.

3 NYC leaders squabble over fines for businesses

Michael Barbaro, reporter for The New York Times, wrote the following story which appears in this morning’s edition of the paper:

On the surface, it was a simple skirmish over New York’s rising fines against small businesses, an everyday nuisance of municipal life.

But a barbed back-and-forth involving three of the city’s most powerful elected officials on Thursday — punctuated by charges of “bias” and “stupidity” — hinted at something larger: the emerging political fault lines of the 2013 race for mayor.

It began around 11 a.m., on the steps of City Hall, when the public advocate, Bill de Blasio, released a scathing report on what he called a systematic campaign to inspect and fine small businesses outside Manhattan.

Mr. de Blasio, a Democratic candidate for mayor who often talks about unequal treatment across the boroughs, singled out Mayor Michael R. Bloomberg and the City Council speaker, Christine C. Quinn, for blame.

But 30 minutes before Mr. de Blasio took to the podium, Ms. Quinn, another candidate for the Democratic nomination, fired her own, seemingly pre-emptive, shot. Her office issued a surprise news release announcing that, within days, the Council would pass a bill capping the maximum fines against street vendors at $500.

Mr. de Blasio, clearly annoyed, called the timing of Ms. Quinn’s announcement “a stunning coincidence.”

“How convenient!” he said to reporters.

Click here to read more of this interesting story.

American Airlines merger a boost for NY

Customers get more flights, John F. Kennedy International Airport might see terminal improvements and employees are expected to keep their jobs.

We’ve been reporting on the U.S. Airways merger with troubled airline company American Airlines. That merger will have a positive affect on air travel out of New York. Here’s Crain’s Dan Rivoli’s report:

The merger of American Airlines and US Airways means more domestic and international destinations for New York-area customers, new capital that could be used to expand a major airport terminal and improved job security for 9,000 workers, according to company officials and airline consultants.

The new venture, valued at $11 billion, creates the largest airline in the world, allowing American parent company, AMR Corp., to emerge from Chapter 11 bankruptcy. The all-stock agreement provides AMR creditors with a 72% stake in the new American Airlines. The rest will go to US Airways shareholders. The new airline, which will keep the American Airlines brand, is expected to maintain all hubs and offer 6,700 daily flights to 336 destinations around the world.

The combination gives American an advantage in attracting much-coveted New York business travelers who want to earn frequent flier miles. The new company will offer 297 daily departures from New York City area airports. American, the larger of the two airlines in New York, currently offers 213 daily departures.

“Our network just grew significantly when you look at the two carriers combined,” said Tim Ahern, vice president of New York and international for American. “You now have a significant presence in the East Coast market.”

Rockefellers divided on sick days debate

Crain's New York Business logoNelson’s foundation funds union-led push, while David’s give dough to biz-ed effort.

This interesting story comes to us from Crain’s reporter Chris Bragg:

The Rockefellers, one of the world’s most generous philanthropic families, apparently find themselves on both sides of New York City’s rancorous debate over a bill mandating that businesses offer employees paid sick days.

Over the past several years, the Rockefeller Family Fund, a nonprofit established in 1967 by New York Republican Gov. Nelson Rockefeller, has given at least $250,000 toward the union-led push to require companies to offer paid time off. The nonprofit’s $7 million 2010 operating budget came from outside donations and interest accrued from an endowment funded by the family fortune, initially earned by Standard Oil tycoon John D. Rockefeller more than a century ago.

Money for mayoral forums

Then, in December, the far larger Rockefeller Foundation announced a $100,000 grant to a nonprofit arm of the Brooklyn Chamber of Commerce. The money will be used to hold 2013 mayoral forums highlighting business issues—and for many small businesses, especially restaurants and retailers, there is no concern more pressing than legislation that would require them to pay for time off if an employee calls in sick.

“If this was a way to say the Rockefeller family was split on the issue, it was a smart way to do it,” said one left-leaning source, noting that the Rockefeller Foundation’s grant was smaller than the Family Fund’s, despite its annual spending being much greater. The net assets of the Rockefeller Foundation, established in 1913 by John D. Rockefeller, are $3.5 billion. In 2011, it gave away $132 million, according to its most recent tax return. The Rockefeller Family Fund, meanwhile, has $92.7 million in net assets. It gave out $14.8 million in 2010, tax records show.

A spokesman for the Rockefeller Foundation stressed that the grant was not intended to push against paid sick leave. The president of the Brooklyn Chamber of Commerce, Carlo Scissura, said the paid sick leave push is one of “a dozen” business issues that will be discussed at the mayoral forums. Still, small businesses consider opposition to paid sick leave a top legislative issue.


A left turn

The split may be explained in part by family dynamics. The fourth generation of Rockefellers, the children of the famous five “Rockefeller brothers” that included Nelson, took a liberal turn from their predecessors, which has helped shape the left-leaning direction of the Rockefeller Family Fund. The group also promotes environmental and women’s issues. Every member of the board is either a Rockefeller or the spouse of one. An official at the nonprofit declined to comment.

Meanwhile, the multinational Rockefeller Foundation at times has not had a family member on its board in recent years, though its chairman is David Rockefeller Jr., the current patriarch of the family.

The irony of the potentially dueling grants has not escaped some interested observers.

“They should just pick one side and stick with it,” said Bronx Chamber of Commerce President Lenny Caro, an opponent of the paid sick leave bill.

Super Bowl countdown begins as NY, NJ prep for 2014 game

Back from Big Easy, host committee has challenges to tackle.

LIsa Fickenscher wrote the following for Crain’s:

There isn’t much that New York Giants owner Jonathan Tisch hasn’t experienced or seen at a Super Bowl. He’s been to at least XXIV in his life, but this year’s game in New Orleans was different.

“We were there to learn, to incorporate ideas that will work for New York and New Jersey—and we have just 51 weeks in which to prepare,” said the Loews Hotels chairman and chief executive, who wears many hats, including that of co-chairman of the 2014 NY/NJ Super Bowl Host Committee.

Mr. Tisch was hardly the only New Yorker gathering intelligence in New Orleans. Restaurateur Danny Meyer paid a visit, as did a posse of city officials representing the New York Police Department, the Transportation Department, the Office of Citywide Event Coordination and Management, and the city’s tourism agency, NYC & Company, plus 16 staffers from the host committee.

Mr. Meyer declined to share any postgame commentary, save for a statement through a spokeswoman: “New Orleans did a great job.” But his counterpart in the Crescent City, Ti Martin, owner of Commander’s Palace and other restaurants, surmised, “I know he was checking it out here to see how he’s going to do this next year [in New York].”

With the focus now on the Feb. 2, 2014, championship game, there are many decisions to be made soon and logistics to manage. The city has not yet figured out, for instance, how many visitors are likely to come here to take part in the pregame festivities. Super Bowls typically attract about 150,000 revelers—in addition to the 80,000 or so who have tickets to the game. But most observers expect next year’s Super Bowl week to break attendance records. For one thing, the number of hotel rooms blocked out by the National Football League for its official purposes has grown to 11,000 from the 6,000 in 2010 when New York and New Jersey won their joint Super Bowl bid.

‘Logistical challenge’

Other questions include how traffic will be managed on game day, when tens of thousands of people will be traveling from the Big Apple to the Garden State, where the action will take place at MetLife Stadium in the Meadowlands. Then there’s the issue of whether the city’s annual wintertime discount programs for restaurants and Broadway and Off-Broadway performances should be rescheduled to a time when Gotham won’t be hopping with tourists. Those programs, along with an annual hotel discount promotion, take place from the end of January into the beginning of February, usually the slowest months of the year for the city.