The Opportunity Zone initiative was designed to re-structure incentives to encourage development in underserved areas. But it could also exacerbate the affordability crisis in Brooklyn by giving huge tax breaks to upscale developments.
Category: <span>Business</span>
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Save Us
Twelve miles south of Manhattan is a commercial strip seemingly stuck in time, where small-businesses still make up most of the shops, and there’s not a high-rise in sight. Bay Ridge’s tree-lined Third Avenue is as diverse as the area itself. Shoppers pour in and out of Mid-East Bakery & Grocery, Norma’s Arts & Crafts...
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For Some DUMBO Small Business Owners, Cheap Rent is Not Enough to Survive
The Shops at 145 Front Street seems like the perfect opportunity for business owners who need affordable rent and amenities in DUMBO. But many businesses last only months. Why are they leaving so quickly?
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Man in the Middle
Councilman Carlos Menchaca has delayed a rezoning decision that would expand Industry City on the Sunset Park waterfront. And everybody, is watching.
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Who Forgot the Schools?
An ambitious plan for Downtown Brooklyn didn’t anticipate all those kids.
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Is a New Industrial Revolution Coming to Brooklyn? Maybe
New York’s first smart factory aims to build high quality jobs for Brooklynites.
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Sunset Park: The 5th Avenue Parking Puzzle
All agree the delivery traffic is a big problem, but one person’s solution is another’s headache.
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Life With the ‘Worst Landlord’ in New York City
In Bushwick and beyond, investors buy up rent-stabilized buildings in poor repair, and the tenants get squeezed.
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Bedford Avenue Locksmith Thrives to Withstand Changes and Threat
In Bedford-Stuyvesant, changes in recent years have rendered a lot of small mom and pop stores obsolete. The Martinez's locksmith shop has been trying to keep up with the game.
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Fourteen Shops and Counting: An Entrepreneur for the New Brooklyn
Some small businesses are drowning in waves of gentrification; Loretta Gendville is riding them.