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Slow Job Growth Reflects Omicron’s Economic Toll

December numbers show New York City gained just 26,000 jobs in December. Business owners are still hoping for more help and support from Mayor Eric Adams.

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Hochul Balanced Budget Proposal Banks on Wealthy Staying Put

Projecting billions in boosted tax revenue and cashing in federal aid, state budget plan socks away funds for a future rainy day while helping New York dig out from COVID calamity.

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Omicron Afflicts Already Ailing NYC Economy, Pushing Projected Jobs Recovery Back to 2025

From Wall Street to Brownstone Brooklyn, business establishments have again grown quiet in response to the pandemic. The Independent Budget Office has added a year to the expected timeline for a full city jobs recovery.

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What Will Eric Adams Do for Beleaguered Businesses? Owners Air Hopes While Awaiting Answers

From restaurants to real estate, pandemic-battered industries seek specifics from a new mayor who pledged to be pro-business but has so far provided few specifics.

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NYC Small Business Seek Adams’ Help to Emerge From the Pandemic Recession

The incoming administration should create a 300-person technical assistance corps to bring one-on-one aid to small firms — especially those owned by New Yorkers of color, a new Center for an Urban Future report found.

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For Final Budget Act, de Blasio Makes $4B in Red Ink Disappear — But Leaves Adams Billions of Worries

The mayor’s final fiscal projection still shows gaps of almost $8 billion for Eric Adams’ first term, provides no money to finance pay raises as contracts with municipal unions expire — and leaves the next administration facing a "fiscal cliff" of almost $2 billion.

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Tenants and Landlords Call on Hochul to Reopen Rent Relief Applications as Eviction Crisis Looms

Both sides agree that residents should be able to file for help even as the governor seeks a billion dollars from the federals to kickstart the pandemic aid. Meanwhile, debts and concerns mount as eviction moratorium end nears.

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Jobs Grow — Along With the Pandemic Gap Between Rich and Poor New Yorkers

The city gained 83,500 jobs in October, the biggest increase in months, as COVID infection rates dropped. But new reports show New York remains one of the most unequal cities in the nation, with the one percent accounting for a rising share of income.

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From SoHo to Gowanus to the Upper East Side, de Blasio Legacy Projects Hit Crossroads

Plans to rezone parts of Downtown Manhattan and Brooklyn are headed to the City Council Tuesday. So is the NY Blood Center’s proposal to build a life science hub on East 67th Street — a project poised for approval despite the local lawmaker’s objection.

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As Hochul Launches Penn Station Revival Plan, Risky Bets Placed on Office Building Boom

Three of New York’s biggest real estate companies are making billion-dollar wagers that pandemic-spurred remote working will give way to a return to buildings. But can they fill millions of square feet of space amid an office glut?