$27 Million Investment to Bolster Health and Education Through LifeSci NYC

The City College of New York and the Mount Sinai Health System will build new spaces dedicated to startups. Last month, Mayor Eric Adams and the New York City Economic Development Corporation (NYCEDC) directed $15 million to the City College of New York (CCNY) and $11.6 million to the Mount Sinai Health System (Mount Sinai), of a total $1 billion committed to NYCEDC’s LifeSci NYC initiative. Both awards will go towards construction of new spaces … <Read More>




Governor Signs Legislation to Change Building Codes, Energy and Efficiency Standards

On July 5, 2022, Governor Kathy Hochul signed a legislative package of three bills to further New York’s goal in decreasing greenhouse gas emissions and making clean energy accessible, affordable, and efficient. The bills will support the Climate Leadership and Community Protection Act’s goal in decreasing greenhouse gas emissions by 70 percent come year 2030 and 85 percent come year 2050.


Zoning for Economic Opportunity Aims to Remove Zoning Obstacles for Certain Types of Businesses

On Wednesday, June 1, Mayor Eric Adams outlined his, City of Yes initiative. This initiative is the next phase of his, Rebuild, Renew, Reinvent,” plan to stimulate recovery from the COVID-19 pandemic. “City of Yes,” is built around a series of three as-yet-unwritten zoning text amendments to modernize and simplify zoning resolutions to encourage business growth, stimulate housing creation, and reduce the city’s carbon footprint.


Governor Signs Hotel Conversion Bill to Create More Opportunities for Permanent Housing

The new legislation allows hotels to house residents on a more permanent basis, specifically addressing the lack of available housing in New York City. On June 7, 2022, Governor Kathy Hochul signed into law New York State Senate Bill S4937C. This affordable housing law allows hotels that are already authorized as Class B hotels to rent rooms for permanent residence purposes. State Senator Brian Kavanagh and Assemblymember Steven Cymbrowitz sponsored this bill.