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Category Archives: Economy

New York’s Oldest Candy Shop Going Online

New York’s Oldest Candy Shop Going Online

All of New York City’s businesses are finding creative ways to navigate the novel virus that has brought the world to a standstill.

Economy Candy, in Manhattan’s Lower East Side, is the oldest candy shop in New York, with 2,000+ types of candy from around the globe featured in the wall-to-wall displays.

In 1937, during the Great Depression, Moishe (Morris) Cohen’s candy cart- within his hat/shoe repair shop- provided treats to those struggling to find or maintain work. Now run by Moishe’s grandson Mitchell, who took over the business from his father Jerry, Economy Candy has been forced to close the retail store and turn entirely to online business.

candy is a great way to cheer up a loved one

Mitchell, like his grandfather, wants Economy Candy to bring cheer to those in need. He and his wife are doing all they can to keep the business going with their new ‘CandyCare Packs.’ $35.00 can get you, or someone you love, a Basic Pack of candy/chocolate, a Health Nut Pack of dried fruits and nuts, or a Combo Pack with a little bit of everything. Recess Packs, filled with toys and treats, are a good way to bring some schooltime fun to the current homeschooling realities. Easter and Passover Packs are also available. The Cohen’s are also working to establish a fund for the store employees who have been out of work during the crisis.

Startup Guide Includes New York

In 2014, the Danish Sissel Hansen publishing firm initiated the Startup Guide  series. As of late 2019, New York City has a guide and joins over 20 other major cities with similar publications. With an impressive 265 pages, the informative and entertaining read highlights founders, shared work spaces, investors, educational programs, and other startup players.… Continue Reading

NY Small Business Wins Highest Honor

Vidler’s, one of New York’s most iconic family-owned businesses, has been awarded U.S. Small Business Administration Family-Owned Small Business of the Year. Open for more than 80 years, Vilder’s is the largest variety store in North America. Vilder’s is a local institution that has maintained its ‘mom-and-pop’ feel for the duration. The Vilder family legend… Continue Reading

Maven Gets Money

Maven, the New York-based startup for women’s health and family planning, announced that it has raised $45 million from investors.  Forbes hailed this as one of the largest rounds of funding for a woman-run healthcare company. Among the investors are noted actresses Reese Witherspoon, Natalie Portman, and Mindy Kaling. 23andMe co-founder and CEO Anne Wojcicki has also… Continue Reading

New York Couple Buys New York Streets

Corey and Tamara Galloway of Brooklyn always dreamt of owning a professional New York sports team. In February 2020, during National Black History Month, the couple made that dream a reality. And they also made history when they became the first African American couple to own a NY team, National Arena League’s New York Streets. Last… Continue Reading

LendIt Fintech Announces Year-Long Mentor Program for NYC-Area Women

LendIt Fintech and NYC Fintech Women launched its inaugural year-long Mentor Program for tri-state area women. The collaborative program is designed to assist, advance, and aid aspiring fintech women as they grow professionally. LendIt Fintech is committed to supporting and facilitating diversity in fintech while creating opportunities for the global community. Mentors, who must be in a senior… Continue Reading

Female Small Business Owners More Optimistic

2020 is looking promising for female small business owners. According to a newly released Bank of America Small Business Owner Report Survey for 2019, 84% of women small business owners expect year-over-year growth. The data also suggests that more women small business owners than men: Have plans for expansion (73% v 66%) Expect revenue to increase… Continue Reading

What Dynamics Drive Markets Today?

In this video on the recent 7th  annual risk conference from Quantifi, we are presented with a brief synopsis on some of the issues discussed last month in London. In attendance were industry delegates and professionals discussing the dynamics driving capital markets today.  From IBOR transition to the rise of fixed income ETFS, the panel discussions were… Continue Reading

Fur Free for 2020

All four brands of SMCP, the Chinese-owned French fashion company, are now entirely fur-free. As more and more consumers look for fashion that is sustainable, kind, and responsible, fur, leather, and animal byproducts are falling out of favor. Claudie Pierlot is the last of the ready-to-wear brand to cease the use of fur in its… Continue Reading