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A New York Company Surviving Its 2nd Pandemic

A New York Company Surviving Its 2nd Pandemic

Eastman Machine Company in Buffalo makes fabric-cutting machines. It is a fourth generation family owned business that has weathered its fair share of crises. Over the course of the company’s 132-years history has unfolded: World War I, the Spanish flu pandemic of 1918, the Great Depression and World War II.

The company’s equipment is used by the aerospace and transportation industries. Highly needed makers of medical masks and shields also use Eastman machines which qualified the company as an essential employer allowed to operate under New York State guidelines.

To date, Eastman has successfully stayed alive and operational, though some cuts have been made. Forty of the company’s 57 production workers were let go. While the lay offs were unavoidable, Eastman continues to pay for those workers’ health insurance, to ensure that everyone is taken care of.  With a focus on survival, much of the company’s research and development plans have been shelved for now. Eastman is just one of many small businesses across the U.S. that are major employers. According to the Small Business Administration, small business accounts for half of all private-sector jobs.

Eastman received a $2 million loan under the government’s Paycheck Protection Program, and hopes to bring back enough employees by June 30 to qualify for loan forgiveness under the program.

Creativity is the Right Businesses Model for Corona

Creativity is the Right Businesses Model for Corona

With the coronavirus lockdown now entering its 10th week, New York City business owners have gotten creative in their attempts to keep customers engaged and buying. Restaurants remain closed for dining in, but almost all eateries have adopted delivery systems to bring food to diners at home. Amy Schiappa, the owner of two hair salons… Continue Reading

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… 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

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

Architectural Design Tools

Since there are so many design tools out there – and increasingly more software programs for architects – navigating which one works best for your needs can be a challenge. Here, we bring some of retired architect Moshe Victor Keinig’s top picks for 2020. For those who are just looking for a booster as it… Continue Reading

Tiffany & Co Gets a New Luxury Backing

The French luxury group LVMH has bought the Tiffany & Co jewelry company for $16.2 billion. LVMH is the world’s biggest luxury group and has 75 different brands, including Louis Vuitton, Christian Dior and Bulgari. For LVMH, Tiffany — which faced financial and public image struggles recently — is a sensible transformational project. Tiffany will… Continue Reading

Global Business City of the Year: Scottsdale, Arizona

The City of Scottsdale was recognized as the Global Business City of the Year at the 2019 Global Chamber “Grow Globally Fair.” Now in its 12th year, The Fair was founded to acknowledge and applaud businesses that are leading, exceling, and pushing the boundaries in international business. The Global Chamber is networked in 195 countries and more… Continue Reading

Best Countries for Business 2019

Which countries are best for conducting business in 2019?  For the last 13 years, Forbes has been presenting  its annual recommended list on the regions most amiable to capital investment.  For the second consecutive year the UK is was ranked Number 1. According to Mark Zandi, Chief Economist of Moody: “The U.K. has a globalized… Continue Reading