Whaddaya know, the study that Mayor Bloomberg requested on a proposed living wage law has determined exactly what Bloomberg wanted to hear: That requiring developers who receive taxpayer subsidies to pay a living wage would actually hurt employment in NYC. The NYC Economic Development Corporation spent $1 million in taxpayer money to pay a Boston-based consulting firm (they couldn't even source it locally!?) to produce the controversial study, which City Hall News notes was co-authored by a professor who's seen by some as having a long history releasing reports slanted against the adoption of wage mandates. more ›

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Due to an unexpected increase in shipping through the Port of New York, the city now lacks the necessary number of dry-docks to service barges in need of maintenance, according to a recently released study by the SUNY Maritime College. The findings were announced by the city's Economic Development Corp. just as the new IKEA in Red Hook opened. The parking lot at IKEA was controversially built over one of the city’s last remaining “graving docks,” which can accommodate larger ships. more ›