ALBANY—Wall Street’s 2023 first half profits of $13 billion were down 4.3% from the same period last year but tracked the industry’s return to pre-pandemic levels of revenue after record profits in 2020 and 2021, according to State Comptroller Thomas P. DiNapoli’s recently released annual report on the performance of New York City’s securities industry.
Wall Street’s Profits Totaled $13B in First Half of 2023 Read More »
WASHINGTON—The U.S. Army Corps of Engineers reported on Sept. 20 that it is accepting applications for a new $7.5-billion credit assistance program, the Corps Water Infrastructure Financing Program (CWIFP), for dam safety projects. By providing low-cost, long-term, flexible loans for dam safety projects, the CWIFP will accelerate non-federal investment in the nation’s dam infrastructure.
Feds to Fund $7.5B Credit Aid for Dam Projects Read More »
NEW YORK—The New York City Economic Development Corporation released a Request for Proposals (RFP) on Sept. 25 for a developer to lease, redevelop, and operate the Kingsbridge Armory, one of the largest armory buildings in the world and a landmarked structure that contains approximately 570,000 square feet of space.
NYCEDC Seeks RFP for Redevelopement Of Landmark Kingsbridge Armory Project Read More »
The recent decision in Secretary of Labor v. Americold Logistics, LLC reaffirms the need for construction companies to provide proper training and establish rules and regulations for their employees when using powered industrial vehicles (PIVs). Further, companies can better ensure employee safety by conducting routine, documented, monitoring of employee practices and performance, while also maintaining and enforcing their disciplinary programs.
ALBANY—The Business Council of New York State announced recently the first of several state-wide information campaigns designed to educate New York voters on the impacts of significant legislation approved by state lawmakers. The campaigns will highlight and assess policy decisions that, regardless of intention, could adversely impact New York State’s private sector businesses and the millions of New Yorkers they employ.
Artificial Intelligence (AI) in construction has the potential to enable the industry to overcome some of the unprecedented obstacles we have faced in recent years. COVID-related issues as well as the unpredictable macro-environment have all contributed to some of the toughest times the construction industry has ever faced. Today, however, the use of AI and other innovations in construction have the potential to enable the industry to leap ahead and overcome challenges by allowing contractors and others to move through various stages of the construction process efficiently.
WASHINGTON – The U.S. Department of Transportation’s Federal Highway Administration opened applications on Sept. 29 for nearly $10 billion in funding for fiscal years 2023-2026 through the competitive Bridge Investment Program’s “Large Bridge Project” category, which funds projects larger than $100 million.
POUGHKEEPSIE NY—Dutchess County Executive William F.X. O’Neil joined Dutchess County Sheriff Kirk Imperati in announcing on Oct. 10 that the new Dutchess County Justice & Transition Center will open more than $20 million under budget later this year and is expected to significantly reduce annual operational costs compared to the former facility.
Dutchess County Justice & Transition Center to Open $20M Under Budget Read More »
NEW YORK–The Port Authority of New York and New Jersey announced on Sept. 27 that operations have started at a new construction support facility at JFK Airport in an effort to expedite construction activities and reduce truck traffic in the area.
P.A. to House Construction Activity Under New Support Facility at JFK Read More »
