On February 14, the SEC announced a settlement with BlockFi Lending LLC (BlockFi), a crypto service provider, further showing the increased legal scrutiny in this area in terms of regulatory action, joining the Consumer Financial Protection Bureau (CFPB)’s settlement with… Read More ›
Jobs & Industries
New York Bight Offshore Wind Development Procedures: BOEM Final Sale Notice v. Save Long Beach Island Matter
As it prepares for the New York Bight area offshore wind auction to be held on February 23, the Department of Interior’s Bureau of Ocean Energy Management (BOEM) issued a Final Sale Notice that outlines the procedures involved. The auction… Read More ›
New York Bight Case Brings Attention to Federal Offshore Wind Energy Development Procedures
As the U.S. Department of the Interior’s Bureau of Ocean Energy Management (BOEM) moves forward with its offshore wind energy development efforts in the New York Bight, a federal case filed on January 10, calls attention to federal procedures used… Read More ›
New York State’s 2022 Offshore Wind Plans
On January 5, as part of her State of the State address, Governor Kathy Hochul announced the following additions to New York’s offshore wind efforts: A $500 million investment The 2022 launch of the New York State Energy Research and Development Authority… Read More ›
NYS Announces Climate Goals to Reach 1 Million Electrified Homes and 1 Million Electrification-Ready Homes by 2030
On January 5, Governor Kathy Hochul announced the following climate-related goals as part of her State of the State address: Reaching 1 million electrified homes by 2030 Reaching 1 million electrification-ready homes by 2030 Requiring all new building construction to have zero… Read More ›
Concluded Legal Action against LendUp Loans, LLC, Provides Guidance for Other Lending Startups
Relevant to NYC’s lending startups, on December 21, the Consumer Financial Protection Bureau (CFPB) announced an agreement with LendUp Loans, LLC (LendUp) under which the company would cease making any new loans and collecting on certain outstanding loans among other restrictions and… Read More ›
NYC Takes Another Step Towards the Creation of a Climate Solutions Center
NYC Issues Request for Expressions of Interest to Create Climate Solutions Center On June 28, 2021, NYC announced the first step in an effort to create a Climate Solutions Center on Governors Island that would serve as a research and educational hub… Read More ›
NYC Requires Bias Audits, Other Measures to Prevent Unjust Hiring Based on Artificial Intelligence
Scheduled to go into effect in January 2023, the New York City Council recently passed legislation that seeks to prevent unjust hiring and promotion practices arising from automated decision tools widely used by employers, such as artificial intelligence. The legislation also includes… Read More ›
University & Incubator Contributions to NYC’s Digital and New Economies in 2021 Q3
NYC’s Pandemic Response Institute to be Created and Led by Columbia University and Dr. Wafaa El-Sadr On September 29, the Office of the Mayor, the New York City Economic Development Corporation (NYCEDC), and the New York City Department of Health… Read More ›
The “New York Recovery Challenge 2021” Start-up Competition Launched by Cornell Tech & Partners
On September 29, 2021, the Jacobs Urban Tech Hub at Cornell Tech, along with Google for Startups and Tech:NYC announced a $150k Start-up competition called the “NYC Recovery Challenge 2021,” for the purpose of furthering Cornell Tech’s mission of building… Read More ›