NYC politics
fromUSA TODAY
9 hours agoWhere's the business exodus from NYC Mamdani critics promised? | Opinion
Claims of a mass business exodus from New York City are exaggerated, with rising demand for office spaces and AI firms driving growth.
Multiple entities associated with Friendly Franchisees Corporation, owner of 65 Carl's Jr. locations across California, have filed for Chapter 11 bankruptcy, raising concerns about the future of these franchises.
Wherever you stand on work from home, put the issue aside temporarily and allow your employees to work more from their home offices. It will save them money on gas and put less pressure on you to reimburse them for higher fuel costs.
No matter who you are, you need to deal with reality and the truth. The truth is that while New York City has much going for it, particularly for financial companies, it also has the highest city and state corporate taxes and the highest individual income and state taxes.
"The results indicate a plethora of negative outcomes such as higher menu prices for consumers, reductions in employee working hours, widespread elimination of overtime and loss of benefits for employees," said Stephen Owen, an Economics Lecturer, University of California, Santa Cruz.
Like most founders, the early days of my company were very much geared towards solving a real problem. I wanted to create products to fill a market gap a loved one had personally experienced: finding effective, holistic and affordable solutions to common foot conditions like bunions. Product development and direct-to-consumer sales were my initial focus as CEO, but as the brand grew and I began to recognize the inherent potential in what we were building, retail expansion became a natural progression.