Caribbean Week New York

New York City has a substantial Caribbean-American residency.  As such, the Caribbean Week New York that begins tomorrow is very well-received and attended.

Organized by the Caribbean Tourism Organization (CTO), this is a great bolster to the economy with the attraction of VIPs, diplomats and others to the city to enjoy the free Revival for the Caribbean affair.  It will take place in Manhattan’s Financial District at 225 Liberty Street in the Meredith Global Corp’s 5th floor auditorium.

Programs include: “Revival for the Caribbean,” “Rum & Rhythm Benefit and Auction,” “Celebrity Chef Program” and more.

Growth of NY Economy

According to Xinhua News Agency, this month New York encountered a substantial growth in its business activity.  There was an increase to 20.1 points for its main index number, with the general business conditions index surpassed expectations by of 15.5.

In terms of people’s level of satisfaction/happiness at the office it was hard to tell as 40 percent claimed conditions had improved throughout May but 20 percent said they had worsened. There are more employees though with the index for the number going up to 8.7

The index for number of employees edged up three points to 8.7, with a drop in hours for the average workweek.  Perhaps even more importantly, there has been an increase in optimism for the next six months.

New York State, Taxes, Money

New York’s Environmental Protection Fund has made $350,000 available to supplement protection Hudson River’s natural resources.  This money – delegated by the DEC Hudson River Estuary Program – will be used to enhance water quality; counter flooding; conserve wildlife habitat.

in an effort to protect annual tax levy increases, the New York property-tax cap (that was implemented 7 years ago) puts a 2 percent cap/rate of inflation (whichever is lower) on taxes.  How does this impact us now?  For the 2018-19 academic year, average school districts cap is around 2.9 percent thanks to the exemptions with around 98 percent of districts being compliant.

According to NY Association of School Business Officials Executive Director Michael Borges:

“Although school districts have a higher cap this year than last, higher health and pension costs, coupled with economic instability due to federal policy changes, create an uncertain fiscal picture for school districts. Stable, adequate and equitable state funding is more important than ever.”

Freedom Day in New York City

South African diplomats expressed gratitude to New Yorkers and the City of New York as they marked Freedom Day.  In this SABC Digital News video, we learn of the appreciation South Africans expressed at the support of the community around the world in the role it played in eliminating apartheid.

Around 200 people assembled to mark the day in NY which was attended by Sherwin Bryce-Pease, Chef de Cabinet to Antonio Gutteres UN Secretary General Maria Luiza Viotti, South African model and Miss Universe Demi-Leigh Nel Peters, Aziz Pahad, Johannesburg West Highlands MP.

National Small Business Week

April 29-May 5 is National Small Business Week 2018. But it actually started earlier.  One event was held on August 27 – #SmallBusinessWeek Hackathon at the Ronald Reagan Building on Pennsylvania Avenue, Washington, DC.  Those in attendance received assistance from third party companies and the federal government.

The idea behind National Small Business Week is to “encourage all New Yorkers to support local small businesses.”  There are 530,000+ small business owners around New York, comprising 98 percent of all businesses, employing over 3 million individuals – 40 percent of New York’s private sector workforce.

According to Roberta Reardon, State Labor Commissioner:

“Small businesses are vital to the economic tapestry of our great state, and the Department of Labor is proud to support them through the many services we offer to help them with everything from finding employees to applying for tax credits and incentives.”

Yesterday the Microsoft Store hosted a series of workshops for small business owners including: Networking events, ChangeMakers: Modernize Your Small Business in the Cloud for Medical Professionals; Modernize Your Small Business in the Cloud for Realtors; NYC Speaker Series; Fuel Your Business with LinkedIn; LinkedIn Lunch and Learn; Modernize Your Small Business in the Cloud for Accountants; Microsoft 365 Business Mondays and more.

NYC’s Digitalized Evolution

A century ago, one of the things New York City had a good reputation for was its infrastructure.  Just looking at its water tunneling and reservoir systems, one could immediately tell that there was good, solid work done on the city’s infrastructure. At the time, that was very important to quality of life and popularity of such a large, cosmopolitan city.

But the 21st century changed the way we look at infrastructure and it is unclear as to how much NYC changed with it.  Due to digitalization of the economy, building infrastructure is not the big name, but rather data infrastructure is.  And it appears that NYC is not keeping up with its Silicon Valley counterparts.

When it comes to business and corporations, New York has it all.  It gets mentioned in Fortune 500 and Forbes articles and is a hub for business development.  But when you look at the start-up industry it seems like it is just not “all that” and when comparing it to Silicon Valley it has almost been an embarrassment.

It is not all doom and gloom though.  Things do seem to be changing with their up-and-coming firms which are taking quite a chunk of the market share.  In addition there is an increasing number of startups with core technological aspects which are focused on the creation and development of enterprise infrastructure and apps that have traditionally been lacking so much in the area. And thus authors of this article believe that there is now a “changing exit environment for startups in NYC, the rise of a set of mafias which are incubating startups, and the changing culture of customers and how that is assisting NYC startups with their competition out west.”

New York International Auto Show

With the start of the New York International Auto Show on 1stof this month, attendees were subject to some wonderful new SUVs, trucks and some supercars.

With self-driving cars stealing a lot of car-lovers’ attention, one show stopper was the Genesis Essentia. This has actually been in the works since shortly after last year’s Auto Show with a design team led by Luc Donckerwolke. With its “fully retro-futuristic bubble roof,” it definitely commanded a lot of stares.

But that’s not all.  Featuring over four floors of displays spanning international automakers, close to a thousand vehicles were displayed at “North America’s first and largest-attended auto show dating back to 1900.” Held at the Jacob Javits Convention Center, from Friday March 30 to Sunday April 8, a $3 million Bugatti was among the most expensive vehicles featured.

 

 

 

WeWork is Working!

WeWork in Manhattan is today, Manhattan’s “second-biggest private office tenant.” This comes less than a decade after opening its first co-working space in NYC (in the SoHo region).

According to data from Cushman & Wakefield,  today WeWork boasts almost 50 locations in NYC, opening 10 new locations last year.  This spans 2.9 million square feet in the region. A further five are set to open in 2018. The company has received much support, in particular, from SoftBank’s Vision Fund ($4.4 billion). SoHo has five WeWorks.

Each of these WeWorks features: beer and microbrew coffee on tap; large open common spaces and more.  some have special things like photo studios/indoor garden/workout equipment.

https://www.recode.net/2018/3/22/17119012/wework-massive-growth-second-biggest-office-tenant-new-york-city-manhattan-cowork-space-real-estate