Jan. 7, 2025 By Jada Camille New York City’s economy has new records in employment and labor force participation, according to the city Economic Development Corporation’s (NYCEDC) inaugural “State of the Economy” report. According to the report released Tuesday, the city boasts a record-high average of 4,151,400 private sector jobs and a labor force…
Feb. 22, 2024 By Ben Brachfeld Hornblower Group, the cruise operator that operates the NYC Ferry system, has been acquired by a private equity firm after filing for bankruptcy — though the city says this will not impact ferry service. The San Francisco-based company said Wednesday that the private equity firm Strategic Value Partners…
June 5, 2023 By Michael Dorgan The city is nearing the completion of a study that seeks to examine alternative sites for a new ferry terminal at Hunter Points South Park, which will replace the existing station. The NYC Economic Development Corp., which oversees the city’s ferry routes, said it is considering the feasibility of… Read more »
Apr. 28, 2023 By Ben Brachfeld NYC Ferry, the city’s marine transit system, saw its highest-ever ridership in the first quarter in 2023 — clocking just over a million passengers on its vessels in the year’s first 13 weeks. The reported ridership is more than 20% higher than the second-place winter quarter — the…