Business

Living Wage Backers Seek Compromise; Second Hearing Planned for November

Supporters of a living wage bill that’s been lingering in the City Council for over a year now are making another effort to revive the lagging legislation, in a drawn-out battle with the Bloomberg administration and business leaders who say it would ultimately kill jobs. Sponsors of the proposed Fair Wages for New Yorkers Act, which would require developers receiving substantial taxpayer-funded subsidies to pay workers $10 an hour with benefits, or $11.50 without, unveiled revisions to the bill earlier this month in an attempt to compromise with critics. Whether the newly watered-down version of the legislation is enough to


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Crowds Turn Out for Jerome-Gun Hill BID Festival

Bronx residents descended upon Jerome Avenue on droves between Mosholu Parkway and Gun Hill Road for the annual Jerome-Gun Hill Business Improvement District Festival on the last Saturday afternoon in September.

Comptroller Report Finds Millions for Bronx Project Sat Idle

The Economic Development Corporation left millions of dollars intended for public projects — including $8.9 million for the restoration of a waterfront site in the South Bronx — sitting unused for decades, an audit from the Comptroller’s office found last week.

Bakery Returns to Its Roots on Bainbridge Avenue

The smell of fresh bread is wafting back to Bainbridge Avenue. In 2009, the Bainbridge Bakery in Norwood was gutted, and then completely demolished by a pair of fires in the span of seven months. Nearly two years after the second blaze — which struck just a few days before the business was set to reopen — Ana and Tony Mirdita, the couple that owns the bakery, are preparing to move into a new space on the same block. And neighborhood residents are hungrily waiting. “My wife is more excited, because she likes their bread,” said Mark Goldberg, 71, who


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Multi-Service POTS Expands to Fill Growing Needs

With local hunger and unemployment numbers on the rise, nonprofit multi-service group Part of the Solution is expanding with the opening of a brand new $8 million facility next door to its current Webster Avenue location.

Another Push for Yankee Stadium Hotel

The Bronx is now one step closer to getting its own major hotel — not the seedy, hot-sheet kind that has so often plagued the borough, but what Bronx Borough President Ruben Diaz, Jr. predicts will be a “world-class” place to stay near Yankee Stadium.

Engel Backs Obama’s Call For ‘Millionaire’s Tax’

U.S. Congressman Eliot Engel, who represents portions of the north Bronx, is praising President Barack Obama’s plan to raise the base tax rates on the wealthiest Americans to raise revenue and reduce the country’s budget deficit.

New Webster Ave. Plans Bring Cheers and Jeers

Webster Ave., the gritty, industrial stretch that runs through the neighborhoods of Norwood and Bedford Park was rezoned by the City Council this past March, with a plan designed to encourage more retail stores and residential housing in an area now largely composed of parking lots and auto body shops.