The 2,000th Transportation Project under the Stimulus Package was Announced
4/13/2009 - Source: New York Post
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President Barack Obama said Monday the $787 billion economic stimulus plan is beginning to take hold and that work is coming in "ahead of schedule and under budget."
Standing alongside Vice President Joe Biden and Transportation Secretary Ray LaHood at the agency, Obama highlighted the administration's 2,000th project funded through the $48.1 billion part of the program allocated specifically to transportation infrastructure projects. |
The "Green" Program to Improve the New York City Housing Authority Buildings has been Delayed for Nearly 18 Months
4/13/2009 - Source: New York Post
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A plan to retrofit New York City's massive public-housing system with the help of former President Bill Clinton is stuck in bureaucratic limbo 17 months after it was announced -- and no one will say when it might actually begin, The Post has learned. |
Council Member Lew Fidler and Building Congress Claim Cuts in City’s Capital Budget will Cost 10,000 Construction Jobs
4/14/2009 - Source: Crain's New York
Construction industry complains the mayor’s bid to curb capital-spending will crimp jobs when they’re needed most. City Hall’s response: Costs of union benefits are killing us.
The New York Building Congress says the mayor’s proposed 30% cut to the city’s capital-spending budget will cost 10,000 construction jobs, and is pressuring Bloomberg administration officials to back off their planned reduction.
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Lower Manhattan Suffers from Financial Services Downturn
4/15/2009 - Source: The New York Times
Merrill Lynch, an investment bank now owned by Bank of America, has started moving the first of thousands of employees to Midtown from Lower Manhattan, a departure that will ultimately leave floor after floor of empty office space at the World Financial Center.
Infrastructure Improvements in New York City to be Funded Under the Federal Stimulus Package
3/30/2009 - Source: NYC.gov
$261 Million in New Federal Funding will Fund Projects Throughout all Five Boroughs.
Projects will Create or Preserve Approximately 32,000 Jobs.
All Federal Stimulus Funding Allocated to New York City can be Closely Tracked Online
Federal Reserve Survey Suggest Economic Downturn Might Be Leveling Off
4/15/2009 - Source: Crain's New York
The Federal Reserve said Wednesday there are some faint signs the steep plunge in economic activity that began last fall is starting to level off, including in the New York region.
The Fed's latest survey of business conditions nationwide found that in addition to New York area, four other of its 12 regional banks reported a moderation in the pace of the economic decline.
Fed Report Hints that Pace of Decline is Easing
4/15/2009 - Source: The New York Times
Though the American economy is in a rut, some areas of the country, from San Francisco to Kansas City to New York, are seeing hints that the pace of economic declines is leveling off.
That was one conclusion of a region-by-region economic snapshot released Wednesday by the Federal Reserve. The survey of a dozen Federal Reserve districts, known as the beige book, again described a landscape of continuing economic woe, one marked by rising job losses, declines in manufacturing and lower prices.
Developers Struggle to Fill Manhattan Office Space
4/14/2009 - Source: The New York Times
To attract prospective tenants to new or rehabbed buildings, landlords are tailoring their marketing efforts to today’s economic realities.
Vision for New Esplanade Near Seaport
4/15/2009 - Source: The New York Times
Seven years after Mayor Michael R. Bloomberg laid out his plans for redeveloping a two-mile stretch along the East River waterfront of Lower Manhattan, city officials are taking the first steps toward developing an esplanade near the South Street Seaport.
Downtown Commercial Market Much Stronger than Thought
4/16/2009 - Source: New York Post
AS Larry Silverstein, the Port Authority and urban-policy sages duke it out over the pace of World Trade Center rebuilding, let us take note of a remarkable fact:
Downtown Manhattan today is the strongest office market in the United States in terms of vacancy rate, according to data to be released today by real-estate firm Cushman & Wakefield.
WTC Will not be Completed for 36 Years...Decades After 9/11
4/16/2009 - Source: Daily News
The World Trade Center won't be fully rebuilt and occupied until 2037 - a full 36 years after terrorists reduced it to rubble, a new study says.
The endless delays that have plagued the site since 9/11 could drag on, pushing back the project's completion nearly a generation, said a marketing analysis prepared for the Port Authority and obtained by the Daily News.
General Growth Files Chapter 11
4/16/2009 - Source: South Florida Business Journal
"In what is being called the biggest real estate failure in U.S. history, General Growth Properties, the nation’s second-largest owner of shopping malls, including downtown Miami's Bayside Marketplace, has filed for Chapter 11 bankruptcy."
National Study Indicates Dramatic Need for Affordable Housing in New York; State ranks
49th on List for Affordable Housing
4/16/2009 - Source: The Business Review
The average worker in New York needs to earn $23.21 an hour to afford a two-bedroom apartment, according to a new study from the National Low Income Housing Coalition.
The study ranked 52 locations, including Puerto Rico and Washington, D.C. The rankings were based on their housing affordability. According to the report, individuals in New York would need to earn $23.21 per hour to afford rent and utilities, assuming a 40-hour work week. Minimum wage is currently $7.15 per hour.
President Obama Puts high-speed Trains on Fast Track
4/16/2009 - Source: Daily News
President Obama launched Thursday an aggressive new effort to build high-speed rail lines nationwide, reducing travel times and advancing mobility for travelers increasingly frustrated with choked highways and congested airports.
MTA to Receive $1.1 billion under Federal Stimulus Program
4/17/2009 - Source: RecordOnline.com
The financially-strapped Metropolitan Transportation Authority is poised to receive a $1.1 billion windfall in federal economic stimulus funds.
The money, a hefty chunk of the $8.4 billion that the government allocated to transit projects across the country, can only be used for capital improvements — and then, only for those that the Federal Transit Administration approves.
Small businesses can now get government-guaranteed surety bonds of up to $5 million, an increase from the previous $2 million limit, under the federal stimulus package
4/13/2009 - Source: The Business Review
Small businesses can now get government-guaranteed surety bonds of up to $5 million, an increase from the previous $2 million limit, under the federal stimulus package.
The Small Business Administration has increased the size limits on its surety bonds, implementing a provision of the economic stimulus legislation. Small businesses often need surety bonds to compete for construction and service contracts. The bonds protect project owners in case a contractor defaults or fails to perform the job.
Credits Union Changes Could Result in Major Help for Small Businesses
4/13/2009 - Source: The Business Review
Forget, as an economic stimulus tool, infrastructure repairs. Credit unions believe a proposed rule change would stimulate both small business growth and boost consumer spending.
The industry is lobbying Congress to eliminate a cap that limits the amounts that credit unions can loan to businesses. That cap currently limits such loans to 12.25 percent of a credit union’s assets. The lenders say jettisoning the cap would encourage more small businesses — credit unions’ typical commercial borrowers — to seek more capital.
The Treasury Department hopes to salvage its plans to boost the secondary market for Small Business Administration loans after running into an unexpected problem.
4/13/2009 - Source: Bizjournals.com
The Treasury Department hopes to salvage its plans to boost the secondary market for Small Business Administration loans after running into an unexpected problem.
The department wanted to start buying $15 billion in securities backed by SBA loan guarantees by the end of March. Purchasing these securities from broker-dealers who buy SBA loans from lenders would clear a huge backlog of unsold loan pools.
Small-Business Agency Prodded to Spur Lending
4/9/2009 - Source: The Washington Post
The chairman of the House Committee on Small Business yesterday urged the new head of the Small Business Administration to try to jump-start lending by using provisions in the economic stimulus bill that so far have sat idle.
New Worker Safety Campaign
Source: NYC Buildings
Buildings Commissioner Robert LiMandri joined Immigrant Affairs Commissioner Guillermo Linares, representatives from the City’s leading construction firms, industry unions and worker advocacy groups to announce the launch of a citywide worker safety campaign to encourage construction workers to properly wear their safety harnesses at all times while working at a construction site. Thousands of posters, banners and brochures - in English, Spanish, Russian, Chinese, Korean, Hindi and Urdu - are being distributed throughout the City, including high-rise construction sites, designated worker centers, union halls, community centers, telephone kiosks, and the Buildings Department’s five borough offices. |
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OGS Announces Upcoming Construction Opportunities
4/01/2009 - Source: New York State Office of General Services
New York State Office of General Services Commissioner John C. Egan today announced the bidding for 22 construction contracts representing more than $5.9 million in construction, providing work in nine counties of New York.
Make the Connection. The World Trade Center Business Resource Center is where M/W/SBEs can access an array of valuable business services, including critical information on upcoming contract opportunities with WTC redevelopment projects.
WHEN:
Open Monday through Friday
From 9:00am - 5:00pm |
WHERE:
115 Broadway, 19th Floor
New York 10006 NY |
See Current Bid Opportunities from DASNY |
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