Economy

Job-Promoting Tax Breaks Are on the Brink of Blowing Up

June 6, 2025, 5:00 a.m.June 6, 2025, 3:35 p.m.

Both a longtime incentive to locate jobs outside Manhattan and a new proposal to boost employment in the city’s central business district will vanish unless the state legislature acts soon.

The Little Italy Gifts Center sold Donald Trump memorabilia.

Manhattan

Tough Times for Tchotchke Trade with Trump Tariffs

May 12, 2025, 4:55 a.m.May 12, 2025, 11:25 a.m.

Immigrant gift shop owners in Manhattan who sell trinkets almost exclusively made in China are facing tough choices between raising prices or losing profits.

Governor Kathy Hochul speaks at the Vanderbilt YMCA in Midtown about proving tax breaks to families.

State Budget

Business Boosts Mark Hochul’s ‘Rainy Day’ Spending Plan

May 9, 2025, 4:28 p.m.May 9, 2025, 4:30 p.m.

The governor uses state reserves to pay down a $6 billion pandemic unemployment fund debt that had been burdening businesses, extends film credits and opens a rent-regulation exit for some landlords.

People wearing New York t-shirts enjoy the High Line during a warm spring afternoon.

Economy

City to See Fewer Tourists as Trump Stances Anger Canadians

May 8, 2025, 5:04 p.m.May 8, 2025, 5:05 p.m.

Domestic visitors help fill the gap as international travel to New York dips.

People work remotely at a cafe in Long Island City.

Technology

Tech is Driving the NYC Economy, New Report Finds

May 6, 2025, 5:00 a.m.May 6, 2025, 10:09 a.m.

The Center for an Urban Future finds that 30 years after establishing a foothold, the industry could soon rival Silicon Valley in size.

Economy

Pressure Grows on Adams to Budget for Trump Funding Cuts and Recession

April 16, 2025, 5:22 p.m.April 17, 2025, 3:06 p.m.

Set aside more money in reserves, City Council, comptroller and finance experts urge.

A tourist shop in Lower Manhattan sells MAGA gear.

Economy

How Trump’s Tariff Brinksmanship Could Still Pummel NYC’s Economy

April 9, 2025, 3:14 p.m.April 10, 2025, 4:43 p.m.

Even with a 90-day pause on tariffs, the local economy’s prospects worsened, with state and city budgets endangered.

A SoHo retailer s a big mark-down along Broadway.

Economy

New York’s Economy Teeters on a Precipice

March 18, 2025, 5:00 a.m.March 17, 2025, 5:58 p.m.

Strong job growth and Wall Street bonuses show momentum but consumers are worried, tourism could weaken and layoffs loom.

Annie’s Ginger Elixer founders Allard Van Hoorn and Annie Bassin work out of their Brooklyn Navy Yard production center.

Economy

Trump Tariffs Plunge Local NYC Businesses Into Uncertainty

March 11, 2025, 3:26 p.m.March 11, 2025, 4:51 p.m.

On-and-off taxes on imports from China, Mexico and Canada make planning difficult and keep customers cautious about spending, say entrepreneurs.

People enter and exit Bellevue Hospital’s main entrance.

Economy

What Trump’s Big Budget Cuts Could Mean for New York

March 3, 2025, 2:21 p.m.March 3, 2025, 2:22 p.m.

Health care, food stamps and housing funds are all especially vulnerable as the city and state prepare their own budgets without clarity on how harsh the blows will be.

Economy

Job-Promoting Tax Breaks Are on the Brink of Blowing Up

Tough Times for Tchotchke Trade with Trump Tariffs

Business Boosts Mark Hochul’s ‘Rainy Day’ Spending Plan

City to See Fewer Tourists as Trump Stances Anger Canadians

Tech is Driving the NYC Economy, New Report Finds

Pressure Grows on Adams to Budget for Trump Funding Cuts and Recession

How Trump’s Tariff Brinksmanship Could Still Pummel NYC’s Economy

New York’s Economy Teeters on a Precipice

Trump Tariffs Plunge Local NYC Businesses Into Uncertainty

What Trump’s Big Budget Cuts Could Mean for New York

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