Author Archives

J.D. is an attorney.

• New York Fed’s new Innovation Center will Develop Fintech Products and Services for Central Banking

  By J.D. Kim, Esq. on December 24, 2021 • ( 0 )

  On November 29, the Federal Reserve Bank of New York announced and launched its New York Innovation Center (NYIC) to be headed by Per von Zelowitz, for the purpose of developing financial technology products and services for the central bank… Read More ›

• NYC Bans Use of Natural Gas in New Buildings to Begin in 2024

  By J.D. Kim, Esq. on December 20, 2021 • ( 0 )

  Led by Alicka Ampry-Samuel, 29 New York City Council Members sponsored a bill that passed on December 15, to prohibit the use of gas-powered heaters, stoves and water boilers in new buildings in an effort to reduce carbon emissions. As… Read More ›

• NYC Requires Bias Audits, Other Measures to Prevent Unjust Hiring Based on Artificial Intelligence

  By J.D. Kim, Esq. on December 18, 2021 • ( 0 )

  Scheduled to go into effect in January 2023, the New York City Council recently passed legislation that seeks to prevent unjust hiring and promotion practices arising from automated decision tools widely used by employers, such as artificial intelligence. The legislation… Read More ›

• University & Incubator Contributions to NYC’s Digital and New Economies in 2021 Q3

  By J.D. Kim, Esq. on December 17, 2021 • ( 0 )

  NYC’s Pandemic Response Institute to be Created and Led by Columbia University and Dr. Wafaa El-Sadr On September 29, the Office of the Mayor, the New York City Economic Development Corporation (NYCEDC), and the New York City Department of Health… Read More ›

• The State of NYC’s Digital Economy in Q2 2021: Startup Ecosystem

  By J.D. Kim, Esq. on August 31, 2021 • ( 0 )

  INTRODUCTION & Q1 SUMMARY When it comes to NYC’s startup ecosystem which has over 9,000 companies and an estimated value of over $71 billion, the first quarter of the year was characterized by the Wall Street Journal as having gone… Read More ›

• The State of NYC’s Digital Economy in Q2 2021: Universities

  By J.D. Kim, Esq. on July 30, 2021 • ( 0 )

  INTRODUCTION & Q1 SUMMARY The first quarter of 2021 saw NYU’s Entrepreneurial Institute begin its new Technology Venture Program, intended to launch the next generation of NYU technology based ventures. This effort sought to build upon a foundation that over… Read More ›

• The State of NYC’s Digital Economy in Q2 2021: Broadband Access

  By J.D. Kim, Esq. on July 21, 2021 • ( 0 )

  INTRODUCTION As a brief overview, NYC’s recent broadband efforts aimed at closing the digital divide include the following: In 2019 Mayor de Blasio engaged in an effort to encourage the adoption of broadband in the outer boroughs The Internet Master… Read More ›

• The State of NYC’s Digital Economy in Q1 2021

  By J.D. Kim, Esq. on April 6, 2021 • ( 0 )

  INTRODUCTION In taking a look at the state of NYC’s digital economy covering the first quarter of 2021, the area that looms largest is not surprisingly the devastating effect the pandemic has had on the larger economy.  Positive news and… Read More ›

• Increased Government Scrutiny of Large Tech Companies Increases at Both Federal and State Levels and Internationally

  By J.D. Kim, Esq. on March 17, 2021 • ( 0 )

  The anti-trust action brought by the U.S. Department of Justice during October of last year was not the first time  federal regulators considered taking action against Google.  Newly revealed documents from a 2011-2013 Federal Trade Investigation revealed by Politico also… Read More ›

• New Legislative Appointments Affecting Tech & NYC Small Business Relief in 1st Quarter 2021

  By J.D. Kim, Esq. on March 10, 2021 • ( 0 )

  SMALL BUSINESS RELIEF  In what would be a major overhaul to the over 180 laws affecting NYC small businesses, the New York City Council announced a hearing held by the Small Business Committee on March 1, on two bills that would “provide… Read More ›