Finance

Tech Industry Rapid Growth in Brooklyn
Finance

Tech Industry Rapid Growth in Brooklyn

June 4, 2014 By Stephanie West Brooklyn, NY – The Brooklyn Chamber of Commerce has released its Spring Labor Market Review report, “IT Grows in Brooklyn,” which examines the growth of the tech industry in Brooklyn since 2004. The tech sector has seen astounding growth in terms of the number of firms and employees located…

Open a College Savings Account for Children
Finance

Open a College Savings Account for Children

May 30, 2014 By Stephanie West New York, NY – New York State’s 529 College Saving Program has helped New York residents pay for more than $230 million in college-related expenses in 2014. The investment program is designed to help parents save for college and offers tax deductions up to $10,000 annually.

NYC Economy Outpaces the Nation
Finance

NYC Economy Outpaces the Nation

May 28, 2014 By Stephanie West New York, NY—New York City’s economy grew almost three percent while the country’s economic growth was a sluggish 0.1 percent in the first quarter of 2014, New York City Comptroller Scott M. Stringer found in his first quarterly update on the City’s vital economic stats released May 28, 2014….

Brooklyn Leads Economic Growth in NYC
Finance

Brooklyn Leads Economic Growth in NYC

May 28, 2014 By Neal Tepel Brooklyn, NY – Brooklyn’s economy is rapidly expanding, adding jobs and businesses at a faster pace than the rest of New York City between 2003 and 2012. This according to an economic snapshot of Brooklyn released by New York State Comptroller Thomas P. DiNapoli. Kings County is now a…

Jobs for New Yorkers’ Initiative
Finance

Jobs for New Yorkers’ Initiative

May 23, 2014 By Stephanie West New York, NY — Mayor Bill de Blasio has announced the 30 members of Jobs for New Yorkers’ that will develop real-time strategies to strengthen the city’s workforce and help workers develop the skills needed to secure good paying jobs in fast-growing careers. The task force will help shift…

NYS Summer Jobs Program Announced
Finance

NYS Summer Jobs Program Announced

May 23, 2014 By Stephanie West Albany, NY – Governor Andrew M. Cuomo has announced that more than 18,000 young people from low-income households will gain valuable work experience, and a much-needed paycheck, through New York State’s Summer Youth Employment Program.

NYS Pension Fund Reaches Record High
Finance

NYS Pension Fund Reaches Record High

May 20, 2014 By Stephanie West The New York State Common Retirement Fund is now valued at an estimated $176.2 billion, the highest amount ever. The pension fund has reached an estimated 13.02 percent rate of return. “It was a stellar year for us. The Fund grew in value to a historic high of $176.2…

How to Protect your Organization & Funds from Fraud
Finance

How to Protect your Organization & Funds from Fraud

May 19, 2014 By Michael Fina, Vice President / Institutional Banking, First Trade Union Bank A slow economy like we’ve experienced in recent years can have many repercussions on a business. One negative impact that owners often don’t think about is a possible increase in fraud and embezzlement.

What’s Work Worth? Comparing International Minimum Wages
Finance

What’s Work Worth? Comparing International Minimum Wages

May 12, 2014 By Steven Wishnia Germany, one of the highest-wage countries in the world, has no legally set minimum pay. Neither do Sweden, Finland, Denmark, Austria, and Italy. The reason, German economist Thorsten Schulten said April 29, is that with more than 85% of these countries’ workers covered by collective-bargaining agreements, unions believe they’re…

IAM President Buffenbarger Defends Retiree Pensions
Finance

IAM President Buffenbarger Defends Retiree Pensions

May 12, 2014 By Neal Tepel Washington, DC – The president of the International Association of Machinists and Aerospace Workers (IAM) is calling on members of Congress to reject any legislation that allows pension fund administrators to reduce or eliminate the pension benefits of retired workers.

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