Mayor de Blasio signs Executive Order 59 on July 28, 2020. Image Credit: Michael Appleton/Mayoral Photography Office
The City awarded over $3 billion in contracts to minority and women-owned businesses in FY19. The City is On July 28, 2020, Mayor Bill de Blasio signed Executive Order 59 to increase the City’s utilization of Minority and Women-Owned Businesses (M/WBEs), and also announced numerous programs with the Taskforce on Racial Inclusion and Equity that will connect Black and Latinx entrepreneurs to business opportunities. (read more…)
NYC Comptroller Scott Stringer. Image credit: Office of the New York City Comptroller
Eighty-five percent of the survey respondents expect to go out of business within six months. On July 10, 2020, New York City Comptroller Scott M. Stringer released a comprehensive analysis of the economic hardships minority and women-owned enterprises (M/WBEs) are facing during the COVID-19 pandemic. In response to the survey findings, Comptroller Stringer announced new accountability measures to ensure the City is meeting its M/WBE goals. (read more…)
- The City Council approved Vornado Realty Trust’s proposed 15 Penn Plaza commercial tower across the street from Penn Station in Manhattan.
Opponents raised concerns about impact on Empire State Building, while the Council focused on Vornado’s participation in Minority- and Womenowned Business Enterprise program. On August 25, 2010, the City Council approved Vornado Realty Trust’s proposal to construct a commercial tower rising approximately 1,200 feet on Seventh Avenue between West 32nd and 33rd Streets in Manhattan. The site is occupied by the Hotel Pennsylvania, which Vornado plans to demolish in order to build the project, known as 15 Penn Plaza.
Vornado proposed developing a 67-story, single-tenant building or a 68-story, multi-tenant building in order to provide development flexibility. Vornado agreed to provide a host of transit improvements in exchange for a development bonus necessary to build either proposal. The proposed improvements include reopening and renovating the Gimbels/ West 33rd Street Passageway, and relocating subway entrances at West 32nd and West 33rd Streets.
During the project’s public review, Manhattan Community Board 5 opposed the project, arguing that the proposed transit improvements did not justify the tower’s size. Malkin Holdings LLC, owner of the Empire State Building, argued that the tower would negatively impact the iconic skyscraper, and asked that the proposal’s height be reduced. (read more…)
