• February 7, 2016
  • Welcome!
    |
    ||
    Logout|My Dashboard

Queens Chronicle

Queens Economic News

Top Story

Uber drivers protest new fare cuts in NYC

About 300 drivers who work for Uber staged a protest outside the company’s Long Island City office on Monday afternoon, saying that price cuts announced by the app-based car-for-hire service will seriously cut into their incomes at the absolutely worst time of the year.Uber last Friday announced that it was dropping its minimum fee from $8 to $7 per ride. Desai Bhairavi of the New York Taxi Workers Alliance said the amount already had been dropped from the initial $12 charge when Uber first came to New York City more than three years ago.

Thursday 02/04/2016
Zoning plans to go before Council panel
Updated: February 04, 2016 - 12:21 pm

Two key parts of Mayor de Blasio’s Housing New York plan will be up for public scrutiny on Tuesday and Wednesday as the Council’s Subcommittee on Zoning will hear testimony on Mandatory Inclusionary Housing and Zoning for Quality and Affordability.

The hearing on MIH, which would require permanently affordable units in new developments and enlargements of more than 10 units, will take place Feb. 9 at 9:30 a.m. in the Council Chambers at City Hall, and the hearing on ZQA — which would relax or eliminate parking requirements for senior housing in transit zones and allow for slightly higher buildings in areas zoned for multifamily dwellings — will take place on Feb. 10 at the same time and place.

Comments (0)
more »
It’s a family affair at Maspeth Federal
Posted: February 04, 2016

Maspeth native Tom Rudzewick idolized his father, Kenneth, growing up, but that didn’t mean he wanted to follow in his footsteps as president and CEO of Maspeth Federal Savings.

During his four years roaming the halls at St. Francis Prep, he preferred absorbing nature’s beauty instead of studying the complexity of derivatives and interest rates.

Comments (0)
more »
U.S. government reopens SBA loans
Posted: February 04, 2016

Superstorm Sandy victims will get a second chance at disaster relief.

Rep. Nydia Vel·zquez (D-Brooklyn, Manhattan, Queens) and Maria Contreras-Sweet, administrator at the U.S. Small Business Administration, on Jan. 21 announced the restart of the SBA disaster loan program for Sandy victims.

Comments (0)
more »
Prevailing wages for those building affordable housing
Updated: February 04, 2016 - 1:29 pm

New York City is undeniably experiencing an affordable housing crisis. To combat this problem, each year, the city provides hundreds of millions of dollars in grants and low-interest loans to developers building affordable housing.

The city has committed to working with developers to spend nearly $25 billion on Housing New York, a plan that will bring affordable housing to all five boroughs.

Comments (0)
more »
Maspeth Federal CEO talks Dodd-Frank, IDNYC
Posted: February 04, 2016

Maspeth Federal Savings President and CEO Tom Rudzewick isn’t just a community lender. His eyes are focused on the federal government’s handling of the financial sector.

In a phone interview with the Chronicle about his promotion to institution head last Friday, Rudzewick talked America’s recovery from the 2007-08 economic recession, controversial legislation and the IDNYC program introduced by Mayor de Blasio last year.

Comments (0)
more »
Con Ed rate hike plan angers civics
Posted: February 04, 2016

The reaction by Queens civic leaders to the proposed gas and electric rate hikes announced by Con Edison last week came as no surprise: unanimous opposition.

The objection was echoed by City Councilman Rory Lancman (D-Fresh Meadows), a member of the Environmental Protection Committee. “The rates seem to only go in one direction and that is up,” Lancman said. Why can’t Con Ed live within its means?”

Comments (0)
more »
Thursday 01/28/2016
Boro is on a roll, but there’s more to do
Updated: February 04, 2016 - 12:09 pm

Inspired by the theme “Only in Queens,” Borough President Melinda Katz took the stage at Queens College’s Colden Auditorium last Thursday to highlight the borough’s many achievements over the past year, while also looking forward to the road ahead.

“As I begin the second half of my term, I am mindful of the remarkable time underway here in the largest borough of the City of New York,” Katz said. “Queens is unique in many ways. Because what is only in Queens today, I believe, is the norm for the future of our country.”

Comments (2)
more »
Mayor projects $82.1 billion for FY 2016-17
Updated: February 04, 2016 - 12:09 pm

Mayor de Blasio has often said that a budget reflects an administration’s priorities, and his preliminary spending plan for 2016-17 appears to do just that.

But the mayor also gave a nod to some economic uncertainties that could hamstring gains the city has made in recent years.

Comments (0)
more »
Thursday 01/21/2016
Airport workers rally on MLK Day
Updated: January 28, 2016 - 11:44 am

In commemoration of the Rev. Martin Luther King Jr. Day, workers from LaGuardia and Kennedy airports joined allies in 10 major cities, including Boston, Chicago and Washington, DC, on Monday, Jan. 18 in a large-scale national display of nonviolent civil disobedience protesting unfair wages and lack of union rights.

During the 1963 March on Washington, King led a movement demanding a $2 per hour minimum wage. To honor King’s legacy, airport workers and other low-wage employees sounded a similar call, demanding a $15 hourly wage.

Comments (0)
more »