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 ›
E-Commerce
The State of NYC’s Digital Economy in Q1 2021
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 ›
The Pandemic Continues to Bring Digital Focus and Resources to NYC’s Small Businesses
Amidst much discussion on the accelerated pace with which large corporations are adopting an increasingly digital focus, fortunately, a number of initiatives have also sought to assist small businesses cope with the pandemic by easing the shift to e-commerce, providing… Read More ›
NYC Comptroller Seeks to Increase Access to Digital Economy amidst Tech Companies’ Increasing Presence
Noting the loss of 479,000 jobs in the city’s private sector and 253,000 jobs in the restaurant, retail, accomodations, building and personal services industries, today NYC Comptroller Scott Stringer announced a comprehensive Workforce Development Plan, which aims to “dramatically expand… Read More ›
New York State Wants to Help Small Businesses Go Digital
Yesterday, the New York State Governor’s office announced a new initiative entitled “Empire State Digital.” OBJECTIVE According to the Governor’s press release the purpose of the initiative is to accelerate the ability of NYS-based small businesses to grow their digital… Read More ›