Tag:

Economic Impact

These Film Productions Helped Pump $924M Into Westchester's Economy In 2024 These Film Productions Helped Pump $924M Into Westchester's Economy In 2024
These Film Productions Helped Pump $924M Into Westchester's Economy In 2024 The cameras were rolling through 2024—and so was Westchester County's economy, officials say. Westchester's film and television sector generated a whopping $924.2 million in economic impact in 2024, according to a new report released by County Executive Ken Jenkins at the county’s annual “Future of Film in Westchester” event on Wednesday, April 30. The report, unveiled by the Westchester County Office of Tourism and Film, shows that despite national production slowdowns following last year’s writers’ and actors’ strikes, Westchester’s film boom came roaring back, supporting over 3,100 jobs …
Amazon Won't Show Tariff Price Hikes After 'Pissed' Trump Reportedly Calls Jeff Bezos Amazon Won't Show Tariff Price Hikes After 'Pissed' Trump Reportedly Calls Jeff Bezos
Amazon Won't Show Tariff Price Hikes After 'Pissed' Trump Reportedly Calls Jeff Bezos Amazon is denying that it planned to show US tariffs on product listings, after a report sparked backlash from the White House and an angry phone call from President Donald Trump to billionaire Jeff Bezos. The online retail giant refuted a report from Punchbowl News that said Amazon would show how Trump's tariffs are raising prices on many goods. The political news website reported that Amazon would "display how much of an item’s cost is derived from tariffs – right next to the product's total listed price" at checkout. Amazon said the idea was only floated for the compa…
Egg Prices Now Expected To Rise Twice As High As Earlier Projections In 2025 Egg Prices Now Expected To Rise Twice As High As Earlier Projections In 2025
Egg Prices Now Expected To Rise Twice As High As Earlier Projections In 2025 Egg prices are now expected to jump in price in 2025 by more than double earlier projections. Click here for a new, updated story - Grocery Shoppers Pivot As Inflation Reshapes Spending Initial estimates by the USDA predicted a 20-percent increase just a month ago. With a nationwide shortage due to bird flu which has reduced egg-layer flocks and egg production, a 41-percent increase is now expected this year, the USDA says. The price of a dozen eggs, at around $5 on average, is up nearly 100 percent from last year. About 18.8 million commercial egg layers were affected by the bir…
'Devastating': PepsiCo Shuttering Liberty Manufacturing Facility After Decades 'Devastating': PepsiCo Shuttering Liberty Manufacturing Facility After Decades
'Devastating': PepsiCo Shuttering Liberty Manufacturing Facility After Decades PepsiCo–one of New York’s largest employers–is shuttering its longtime manufacturing facility in the Hudson Valley. The food and beverage titan, headquartered in the Westchester County hamlet of Purchase, is closing its food manufacturing facility in the Sullivan County town of Liberty, a company spokesperson confirmed to Daily Voice. Details on the timeline and the number of affected employees remained unclear as of Wednesday, Feb. 19. "This plant has played a vital role in producing our beloved PopCorners brand, but the pace of growth for this product line paired with broader industry pa…
Mass Deportations Could Lead To Salary Increases In These States, Including NY Mass Deportations Could Lead To Salary Increases In These States, Including NY
Mass Deportations Could Lead To Salary Increases In These States, Including NY Mass deportations could significantly impact wages in states heavily reliant on foreign labor, according to new research.  An Oxford study suggests that removing a substantial number of immigrant workers may lead to labor shortages, compelling employers to increase salaries to attract native-born workers, Newsweek reports. The states most likely to be affected are New York, New Jersey, California, Florida, and Texas, the report said, because those states have large immigrant populations and economies that depend on foreign labor in sectors such as agriculture, construction, and hospita…
Destructive Flies Hit PA's Mushroom Belt: Here's How The State Is Helping Farmers Destructive Flies Hit PA's Mushroom Belt: Here's How The State Is Helping Farmers
Destructive Flies Hit PA's Mushroom Belt: Here's How The State Is Helping Farmers Pennsylvania is stepping up efforts to protect its $1.1 billion mushroom industry from an invasive insect that's harming crops and frustrating homeowners. Farms in Kennett and New Garden townships have been ordered to steam-treat between crops to stop the spread of phorid flies, the state agriculture department said in a news release on Thursday, Jan. 30. The quarantine order requires growers to treat mushroom houses and soil between harvests to kill the flies, larvae, bacteria, and pathogens before they spread. The state is helping farmers fight phorid flies by making $…
Taylor Swift's Financial 'Strategic Genius' Examined In New Harvard Business Review Book Taylor Swift's Financial 'Strategic Genius' Examined In New Harvard Business Review Book
Taylor Swift's Financial 'Strategic Genius' Examined In New Harvard Business Review Book Taylor Swift created a huge economic impact with her record-breaking Eras Tour and a new book from Harvard Business Review will look at the pop star's financially savvy vision. "There’s Nothing Like This: The Strategic Genius of Taylor Swift" will be released on Tuesday, Apr. 8, the Harvard Business Review announced on Tuesday, Jan. 28. It was written by senior editor Kevin Evers, the author of several bestsellers, including books on digital disruption and marketing. The Eras Tour grossed more than $2 billion and generated a $10 billion economic impact on local economies, acc…
Blue Law Blowout: American Dream's Sunday Operations Ignite Legal Firestorm In Bergen County Blue Law Blowout: American Dream's Sunday Operations Ignite Legal Firestorm In Bergen County
Blue Law Blowout: American Dream's Sunday Operations Ignite Legal Firestorm In Bergen County A fierce debate has erupted over Sunday retail operations at the American Dream Complex in East Rutherford, as Bergen County officials accuse the mall of violating the county’s long-standing Blue Laws. Meanwhile, American Dream’s leadership and supporters argue that Sunday sales are essential to the region’s economy and tourism goals. The Blue Laws, enacted in 1951, ban the sale of items like clothing, household furnishings, and office supplies on Sundays across Bergen County. However, American Dream’s stores have been open on Sundays for nearly a year, with one exception: retail closures du…
Goodbye, Ruby Tuesday: Restaurant Pulls Out Of Meriden Mall: Report Goodbye, Ruby Tuesday: Restaurant Pulls Out Of Meriden Mall: Report
Goodbye, Ruby Tuesday: Restaurant Pulls Out Of Meriden Mall: Report The Rolling Stones called it 58 years early.   Ruby Tuesday is pulling up stakes from the Meriden Mall, leaving just two locations for the casual dining chain in Connection, CT Insider reported on Friday, Jan. 10.  Per the report, the restaurant closed on Tuesday and has been removing equipment from the building. This marks the latest major chain to pull out of Meriden Mall, including Dick's Sporting Goods, Charlotte Russe, Forever 21, and Ramani's Clothiers among others.  A call to Meriden Mall's leasing offices was not immediately returned.  The two remaini…
East Coast Ports Dodge Shutdown As Dockworkers Reach Tentative Six-Year Deal East Coast Ports Dodge Shutdown As Dockworkers Reach Tentative Six-Year Deal
East Coast Ports Dodge Shutdown As Dockworkers Reach Tentative Six-Year Deal Dockworkers and port companies have come to a tentative agreement on a new six-year deal, avoiding another work stoppage that would cause major shipping disruptions along the East Coast. The International Longshoremen’s Association (ILA) and United States Maritime Alliance (USMX) announced the tentative agreement in a joint news release at night on Wednesday, Jan. 8. The deal aimed to avoid another potential strike on Wednesday, Jan. 15. The ILA and USMX agreed to extend the current master contract until ILA representatives can convene for a ratification vote and USMX members can final…
Pound Ridge's Ryan Reynolds, Blake Lively Reveal Themselves As Swifties In New Selfie Pound Ridge's Ryan Reynolds, Blake Lively Reveal Themselves As Swifties In New Selfie
Pound Ridge's Ryan Reynolds, Blake Lively Reveal Themselves As Swifties In New Selfie Popular power couple and New York residents Ryan Reynolds and Blake Lively are the latest celebrities to be completely enthralled with pop superstar Taylor Swift. In an Instagram post, Reynolds revealed that he and Lively, who married in 2012 and live in the Northern Westchester town of Pound Ridge, attended an Eras Tour concert in New Orleans in October, an experience he said was "one of the best things I’ve seen/heard/felt." "The main reason I’ll never forget this show is because it brings people together in so many ways," Reynolds, age 48, wrote in the post's caption, also adding, "And …
Longshoremen Strike: Hundreds Of Port Elizabeth Dockworkers On Picket Lines Longshoremen Strike: Hundreds Of Port Elizabeth Dockworkers On Picket Lines
Longshoremen Strike: Hundreds Of Port Elizabeth Dockworkers On Picket Lines Thousands of longshoremen along the East and Golf coasts are on strike in a move that could heavily impact the economy and make it harder to get goods and services. In Elizabeth, NJ, the strike began on Tuesday, Oct. 1 outside Maher Terminal where hundreds of dockworkers rallied. CBS News, citing the Port Authority of NY and NJ, said most operations have been shut down due to the strike. Daily Voice has reached out the Port Authority for comment. The Port Authority said it has been working closely with the commercial trucking industry to ensure cargo containing essential goods, medical sup…
Tourists Spent Record-Breaking Amount On Long Island Last Year, Report Shows Tourists Spent Record-Breaking Amount On Long Island Last Year, Report Shows
Tourists Spent Record-Breaking Amount On Long Island Last Year, Report Shows It appears tourists just can’t get enough of Long Island. Travelers spent a record-breaking $7.5 billion across Nassau and Suffolk counties in 2023, according to data from New York State’s annual Tourism Economics report.  That figure far surpassed 2022’s record-breaking spending of $6.6 billion by 12.7 percent. Tourists spent the most, 36 percent, on food and beverages, followed by lodging at 20 percent, the report found. Retail and service stations added another $1.2 billion, or 16 percent of total spend. Suffolk County saw the biggest increase in tourism dollars in 2023, with 15.6…
Atlantic City Airshow Will Take Flight In 2024, Financial Uncertainty Lingers In The Air Atlantic City Airshow Will Take Flight In 2024, Financial Uncertainty Lingers In The Air
Atlantic City Airshow Will Take Flight In 2024, Financial Uncertainty Lingers In The Air Atlantic City's popular air show has been saved for 2024 but questions about the event's future are flying above its head. In a news conference on Wednesday, Mar. 20, Mayor Marty Small Sr. officially announced the South Jersey Transportation Authority (SJTA) will provide $300,000 to fund the 2024 Visit Atlantic City Airshow. The free event is scheduled for Tuesday, Aug. 13, and Wednesday, Aug. 14. Organizers said inflation and lingering COVID-19 pandemic impacts created doubts about the 2024 show as early as July 2023. A news release announcing the event's cancelation was drafted and could …
NJ University Generated $3B In Annual Revenue For State, Plans Continued Expansion: New Study NJ University Generated $3B In Annual Revenue For State, Plans Continued Expansion: New Study
NJ University Generated $3B In Annual Revenue For State, Plans Continued Expansion: New Study An independent study released this week calculates that Rowan University's annual economic impact is $2.9 billion statewide, up nearly double from less than five years ago, campus officials said. Projects such as Discovery Hall, the $46.7 million academic building that opened in 2021, support growth in the region and state, said the new study by Econsult Solutions Inc. (ESI) of Philadelphia. The Glassboro-based university is planning another $1.5 billion in expansion projects in the next decade, campus officials said. President Ali A. Houshmand, in a press statement, said: “Our e…
Alexandria's Potomac Yard Protestors Descend On Richmond Alexandria's Potomac Yard Protestors Descend On Richmond
Alexandria's Potomac Yard Protestors Descend On Richmond Traffic nightmare. Air pollution. Hidden costs. That's what Alexandria residents could face if the Potomac Yard comes to fruition, according to several activists against it. We've made it to the Brand New General Assembly Building!14 stories of legislative madness for the next two months. pic.twitter.com/MSSwUQgz1Y — DC New Liberals (@DCNewLiberals) February 8, 2024 And so, they brought their concerns to Richmond on Thursday, Feb. 8, hoping some two dozen or more lawmakers would hear them out. The protest was organized in part by Stop the Arena, who believe the plan for the massive are…
A 'Hole-In-One': Topgolf Opening First Massachusetts Location In 2023 A 'Hole-In-One': Topgolf Opening First Massachusetts Location In 2023
A 'Hole-In-One': Topgolf Opening First Massachusetts Location In 2023 The wait is over Topgolf fans! The modern golf experience is coming to Massachusetts in 2023. Construction has begun on Topgolf's first Massachusetts location, which is located along I-95 in Canton and about 20 miles southwest of Boston, the company reported on November 4, 2022. The venue's 90 hitting bays will feature Toptracer technology that allows players to track their ball's speed, distance, height and more.  When guests step off the green, they can indulge in Topgolf's chef-inspired menu items, top-shelf drinks and music or spend time on the rooftop terrace, outdoor patio. Topgolf w…
Westchester Convenience Stores Urge Against Banning Sale of Flavored Tobacco Products Westchester Convenience Stores Urge Against Banning Sale of Flavored Tobacco Products
Westchester Convenience Stores Urge Against Banning Sale of Flavored Tobacco Products Convenience stores in Westchester County are speaking out against a proposed ban on the sale of flavored tobacco products.  The ban, which would prohibit the sale of products such as menthol cigarettes, cherry pipe tobacco, vanilla cigars, and wintergreen smokeless tobacco, would drive consumers to stores in other neighboring counties that would still allow these sales, according to the New York Association of Convenience Stores.  "There are currently 906 retailers within only five miles of Westchester County’s border, all of whom will continue to sell flavored tobacco p…
Here Are Adjustments NYers Are Making In Response To Inflation, New Poll Reveals Here Are Adjustments NYers Are Making In Response To Inflation, New Poll Reveals
Here Are Adjustments NYers Are Making In Response To Inflation, New Poll Reveals Researchers have reported the findings of a new poll about the adjustments New Yorkers plan to make to their lifestyles in response to inflation. The Siena College Research Institute published the findings of an economic impact survey conducted in March. Researchers found that 26 percent of respondents said inflation is having a very negative effect on their personal finances, and 44 percent said it is having a somewhat negative effect. Eighty-seven percent of respondents reported that they are concerned about the cost of food in light of economic conditions and the war in Ukraine, and 80 …
COVID-19: Cats, Dogs, Caviar, Here Are Odd Shortages Caused By The Pandemic COVID-19: Cats, Dogs, Caviar, Here Are Odd Shortages Caused By The Pandemic
Covid-19: Cats, Dogs, Caviar, Here Are Odd Shortages Caused By The Pandemic The COVID-19 pandemic and subsequent economic turmoil are leading to supply shortages in places you might not have considered. Among purchasables in short-supply are cats and dogs up for adoption to baking yeast, jigsaw puzzles, and truffles among other things. When COVID-19 closed much of the economy in March 2020, items that include toilet paper, paper towels, cleaning supplies, coins, meat, and flour were among the first pandemic-related shortages Americans experienced. Most of those shortages have been addressed by manufacturers and supply chains. But as the U.S. comes up on one year…
COVID-19: Map Predicts Pandemic's Economic Impact On Every Street In US - Find Yours Here COVID-19: Map Predicts Pandemic's Economic Impact On Every Street In US - Find Yours Here
Covid-19: Map Predicts Pandemic's Economic Impact On Every Street In US - Find Yours Here A new interactive map is forecasting the economic impact of the COVID-19 pandemic not just on individual states, and towns, but neighborhoods, as well. Created by BestNeighborhood.org, a property data clearinghouse, the map draws on industry data and economic projections to predict where the economy will be hardest hit by the pandemic over the next 6-12 months. With just a bit of clicking and zooming, very precise predictions about where the economy is expected to suffer the greatest economic damage from COVID-19 can be searched down to street-level. The map is color-coded and, at the s…
COVID-19: Long Island Official Calls On Cuomo To Lift Curfew On Bars, Restaurants COVID-19: Long Island Official Calls On Cuomo To Lift Curfew On Bars, Restaurants
Covid-19: Long Island Official Calls On Cuomo To Lift Curfew On Bars, Restaurants Nassau County Executive Laura Curran is calling on New York Gov. Andrew Cuomo to extend the 10 p.m. curfew on bars and restaurants as Long Island continues combating the COVID-19 pandemic. Curran issued a letter to fellow Democrat Cuomo on Tuesday, Feb. 9 requesting that the state adjust the current 10 p.m. curfew to midnight, stating that bar and restaurant owners have shown they can open and operate safely without spreading the virus. In her letter, Curran noted that the restriction hurts the revenue for restaurant owners and also cuts the hours and tips of employees. “I have heard from …
COVID-19: College In Upstate NY Cutting 25 Academic Programs COVID-19: College In Upstate NY Cutting 25 Academic Programs
Covid-19: College In Upstate NY Cutting 25 Academic Programs Citing financial hardships brought on by the COVID-19 pandemic, an upstate New York college will be cutting some faculty and programs to help balance their budget. The Board of Trustees at the College of Saint Rose in Albany approved a plan to reduce academic expenses by $5.97 million, eliminating 16 unique bachelor’s degrees, six master’s degree programs, and three certificate programs. Students enrolled in those programs will be able to finish their degrees and will receive individualized plans to complete their program, though there will be no new students enrolled in that program. Acco…
COVID-19: Pet Valu Closing All US Stores COVID-19: Pet Valu Closing All US Stores
Covid-19: Pet Valu Closing All US Stores Pet Valu is closing all of its stores in the United States starting Thursday, Nov. 5. On Wednesday, Nov. 3, in a press release owners said the economic impact of COVID-19 has forced their decision to close 358 stores across the nation. There are dozens of Pet Valu retailers located in Connecticut. Pet Valu Canada will not be affected by the changes, owners said in a press release. The 600 Canda stores and online retail will continue on. Pet Valu said that all sales will be final starting on Nov. 5 - no refunds or exchanges. People are being encouraged to spend any accumulated loyalty pe…
COVID-19: Popular Texas Style BBQ In Westchester Closed Through Year's End COVID-19: Popular Texas Style BBQ In Westchester Closed Through Year's End
Covid-19: Popular Texas Style BBQ In Westchester Closed Through Year's End A Westchester barbecue restaurant with rave Yelp reviews will remain closed until the end of December due to the economic impact of COVID-19. "We are currently closed until we can reopen safely due to the impact of coronavirus," reads Revenge BBQ's website. According to Yelp, establishment on Main Street in Irvington will remain closed until Dec. 31. The establishment is known for its burgers, brisket, "dinosaur ribs" and pulled pork. The restaurant is so named because, according to owners Jacob and Catherine Styburski,  “happiness is the best revenge."
The Struggle Is Real: 44 Percent Of Families Spent All/Most Of Savings Since COVID-19 The Struggle Is Real: 44 Percent Of Families Spent All/Most Of Savings Since COVID-19
The Struggle Is Real: 44 Percent Of Families Spent All/Most Of Savings Since Covid-19 A new poll of U.S. households with children found that more than 60 percent are facing major financial difficulties since the COVID-19 outbreak. Released in September, the new study, “The Impact of Coronavirus on Households With Children,” is a research project between NPR, the Robert Wood Johnson Foundation, and the Harvard TH Chan School of Public Health. The study polled nearly 3,500 adults with children and highlights how households are faring in areas of child care, finances, employment, and health, among others since COVID-19 upturned the national economy. - 61 percent of households …
COVID-19: Westchester Location Of Popular Pizza Chain Closes COVID-19: Westchester Location Of Popular Pizza Chain Closes
Covid-19: Westchester Location Of Popular Pizza Chain Closes Citing the economic impact of COVID-19, a Westchester County location of a popular pizza chain announced its closure this September.  "Due to the ongoing COVID-19 pandemic and related lease challenges with our landlords, we regret to inform you that we have closed this CPK restaurant," the Scarsdale California Pizza Kitchen announced on their website. The nearest still-open California Pizza Kitchen restaurant is at 7103 80th St. in the Glendale section of Queens.
COVID-19: Award-Winning Area Coffee, Donut Shop To Close For Good COVID-19: Award-Winning Area Coffee, Donut Shop To Close For Good
Covid-19: Award-Winning Area Coffee, Donut Shop To Close For Good A popular coffee shop will permanently close its doors after next month, citing the economic impact of COVID-19 on their business.  Twin Peaks Coffee and Donuts, which has operated in Greene County out of Tannersville for eight years, made the top five in Yelp's highest-ranked coffee shops last year.  The eatery was known for its made-to-order doughnuts, which were made with batter and glazes made in-house. "It is with a heavy heart that we must share the news that Twin Peaks Coffee and Donuts will be closing it’s doors," read a message on the cafe's website. "We have lost employ…
Moody's Increases Rockland's Bond Rating To A1 Moody's Increases Rockland's Bond Rating To A1
Moody's Increases Rockland's Bond Rating To A1 Despite being in the midst of a global pandemic, Moody’s Investigators Service has increased Rockland County’s bond rating. This week, Moody’s announced that Rockland’s rating has been upped from A2 to A1. According to Moody’s, the upgrade of the rating to A1 reflects the county's recently improved financial position which is being challenged with sales tax and state aid losses as a result of the COVID-19 pandemic. “We regard the coronavirus outbreak as a social risk under our ESG framework, given the substantial implications for public health and safety,” Moody’s evaluators stated. “The …
COVID-19: More Than 250 Workers Laid Off At Bridgeport Distribution Site COVID-19: More Than 250 Workers Laid Off At Bridgeport Distribution Site
Covid-19: More Than 250 Workers Laid Off At Bridgeport Distribution Site alphabroder Prime in Bridgeport is laying off 255 employees from its warehouse. At alphaborder Prime most of the layoffs will be for machine operators (94) and packers (54). The employees are not represented by a union. The company is a clothing distributor and is not affiliated with Amazon Prime. In a letter to the state’s Rapid Response Unit, Alphaborder Prime HR Director Marilyn Caraballo said the company at 1100 Boston Ave., has been terminating employees since March and placed 152 employees on temporary furlough in April. Those people on furlough are likely not going to be asked to r…
Amazon To Lay Off More Than 50 Employees At CT Distribution Site Amazon To Lay Off More Than 50 Employees At CT Distribution Site
Amazon To Lay Off More Than 50 Employees At CT Distribution Site Layoffs are predicted now that Amazon has cut ties with Bristol distributor Systemized Logistics. Almost two years ago, Amazon opened a “delivery station” in Bristol’s 229 Technology Park. It was a sorting destination with an initial staff of 100 people. Estimates said the number of employees could grow to as many as 500, said Mayor Ellen Zoppo-Sassu. More than 50 people will be laid-off, the New Britain Herald reported. “We encourage those affected by the layoff to take advantage of the local branch of the American Jobs Center for reemployment assistance,” the mayor said. In a statement…