Mayor Michael Bloomberg | News & Trends for Business & HR in NY, NJ, CT

Living Wage bill for NYC approved

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The second of two controversial wage bills for NYC passed earlier this week. On Monday, the City Council overwhelmingly approved the living-wage bill, the partner legislature to Read Full Article »

Senate passes commuter tax credit via $109 billion transportation bill

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On Wednesday, March 14, Senate passed a $109 billion transportation bill that includes a commuter tax benefit that allows mass transit users to Read Full Article »

10 brain boosting superfoods to boost employee health, productivity

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“Eat your dinner. You want to be smart, don’t you? Fish is brain food!” Many a mother has uttered similar dinnertime phrases to their Read Full Article »

NYC a hot region for tech startups

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The recent announcement that Cornell and Technion-Israel Universities will be building a state-of-the-art applied sciences center on New York City’s Roosevelt Island has brought national attention Read Full Article »

Tag Archives: Mayor Michael Bloomberg

Living Wage bill for NYC approved

May 03, 2012   @EssexCompanies   No comments
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The second of two controversial wage bills for NYC passed earlier this week. On Monday, the City Council overwhelmingly approved the living-wage bill, the partner legislature to the prevailing-wage bill, passed by the Council in March.  Under the living-wage businesses that receive large government subsidies would be required to increase the now-minimum-wage ($7.25) pay of its workers to $10 an hour plus benefits, or $11.50 an hour without benefits.  Mayor Bloomberg vetoed the prevailing-wage bill which would raise the hourly wages of service workers at the end of April, and has promised to do the same to the living-wage. 

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Mayor Bloomberg vetoes the first of two wage-increase bills for NYC

April 27, 2012   @EssexCompanies   No comments
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New York City Mayor Michael Bloomberg on April 25 vetoed the first of two City Council bills that would raise the wages of workers employed by businesses that Bloomberg vetoes two wage bills for NYCreceive government subsidies. The prevailing-wage bill would increase wages for the service workers in buildings that receive government subsidies, and its legislative brother, the living-wage bill, would raise the minimum wages for a larger group of NYC workers whose employers also receive public subsidies. Bloomberg has also promised to veto the living-wage bill after its Council passage, even assuring a court battle against the two bills if (rather, when) the Council overturns his vetoes.

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Cloud Computing Industry bringing work to NYC, but overall job forecast sharply declines for the year

April 05, 2012   @EssexCompanies   No comments
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It’s no secret that New York City Mayor Michael Bloomberg wants the City to become a major player in the technology industry.  Tech jobs are booming in the Metropolitan area thanks to many factors, and a shift to cloud computing is fueling this growth.  The research firm IDC released a report this month stating that the number of cloud-related jobs will jump to over 60,000 in NY this year.  This increase will place NYC in the lead of cloud-related jobs, with Los Angeles coming in second. 

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NY Assembly Speaker Sheldon Silver introduces bill to raise State’s minimum wage 17 percent

January 31, 2012   @EssexCompanies   No comments
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Calling it a “matter of dignity” for working men and women, New York State Assembly Speaker Sheldon Silver (D-Manhattan) introduced a bill on Monday, January 30, to raise the New York State minimum wage from $7.25 an hour to $8.50 an hour, with an index to inflation that would slightly increase it each year to coincide with inflation.  Citing NY’s rising cost-of-living expenses, Mr. Silver’s bill has both cheerleaders and critics: many feel a raise to this hourly wage is justifiable, humane and necessary, while others think an increased minimum wage would cripple the labor budgets of companies whose staff are predominantly minimum-wage-earners, causing them to hire less in the long run.

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Cornell and Technion-Israel collaboration chosen for NYC’s applied sciences campus

December 28, 2011   @EssexCompanies   1 Comment
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Michael Bloomberg’s dream of creating a state-of-the-art applied technology sciences campus is advancing toward fruition. On Monday, December 19, Mayor Bloomberg announced that the competition amongst the universities and consortiums which entered bids for consideration had ended and that Cornell University and the Technion-Israel Institute of Technology had been selected. The project, to be built on gifted vacant space on Roosevelt Island, also awarded the partnership $100 million to be used in construction of the development.

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NYC hopes the promise of land, funding dollars, will create a world-class science and technology institution

October 26, 2011   @EssexCompanies   No comments
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In December of 2010, the New York City Economic Development Corporation (NYEDC) along with New York City Mayor Michael Bloomberg launched Applied Sciences NYC, calling on educational institutions, or consortiums, from all around the world to consider creating an engineering and applied sciences campus in New York City (the City). To the winning university or collaboration of institutions goes City-owned land and funding dollars.

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