“The Executive Order to increase the ‘living wage’ is unlikely to affect the city’s overall economic growth, but some prospective commercial tenants will resist leasing space in projects that impose wage and compliance requirements that are more onerous than market practice. The Administration will need to monitor how this new policy affects development and leasing activity, particularly in lower income communities.”
Clothes Horse, Nineteenth Amendment, Perch Interactive, StyleSage, Stylinity, Stylit, Suddenlee, and Trendalytics Debut at Inaugural New York Program for Fashion Technology Entrepreneurs
NEW YORK; July 24, 2014 – Innovative data analytics, digital fit, interactive display, and omnichannel technologies were among the products pitched today at the first New York Fashion Tech Lab (“NYFT Lab”) Demo Day. The Lab is a 12-week mentoring program created by venture catalyst Springboard Enterprises and the Partnership Fund for New York City, the investment arm of the the city’s leading business organization.
“This third straight upgrade, combined with a fourth straight on-time budget, shows that New York is on a new, better fiscal path. The Governor and the Legislature have taken the tough but necessary actions to put the state budget on sound fiscal footing and this upgrade is another demonstration of the fact that our state government’s finances are in their strongest position in recent history.”
Members of the Partnership for New York City Call TRIA “a 21st Century Tool that Protects American Jobs and Allows Investments to Continue”
New York City, July 22, 2014 – Today, in a letter sent to Representatives John Boehner (R-OH), Speaker of the House; Kevin McCarthy (R-CA), Majority Whip; and Steve Scalise (R-LA), Majority Whip-Elect, 117 leaders of some of the nation’s largest employers called on the House Republican leadership to promptly pass reauthorization of the Terrorism Risk Insurance Act (TRIA). TRIA was created in 2002 following the 9/11 attacks in order to provide a federal backstop for insurance coverage in the event of catastrophic losses from terrorist attacks. Business leaders are concerned that if no action is taken by Congress, the program will end this year and terrorism insurance will again become unavailable. This would pose a particular problem for New York City, the nation’s #1 terrorist target.
Accelerator Gives Capital Boost and High-Profile Mentoring to Health IT Startups
New York, NY: New York is at the forefront of the rapidly growing field of health information technology, thanks to a public-private partnership sponsored by the State of New York, the nonprofit New York e-Health Collaborative (NYeC), and the Partnership Fund for New York City, the investment arm of the city’s leading business organization. Today, this partnership announced the list of seven healthcare startups selected to participate in their 2014 New York Digital Health Accelerator (NYDHA). Read More →
“Terrorism is a reality, particularly in places like New York and TRIA is one of the 21st Century tools we rely on to protect jobs and the economy,” said Kathryn Wylde, President & CEO of the Partnership for New York City. “Senator Schumer and Members of the Senate Banking, Housing, and Urban Affairs Committee have crafted a bill that allows insurers, employers, and property owners to manage the terrorism risk. The House should follow the Senate’s lead and pass a bill that maintains the current structure of this essential program without delay.”