#economic-impact

#economic-impact

The completion of the final commercial tower at the World Trade Center is more than an investment - it's a testament to the power of union labor and the dignity of work. The plan is expected to create more than 2,000 union construction jobs and 3,200 total jobs citywide over the life of the project, with officials estimating the development will generate about $5.9 billion for New York City's economy and $6.3 billion statewide.

Once a nice-to-have niche urban design concept, TOD has become an essential part of many urban neighborhoods. It has helped address the shortage of housing by enabling the development of higher-density residential communities near transit stations. It has helped revitalize countless once-deteriorating or static urban enclaves near transit hubs by activating sidewalks near the developments. And it has spurred walking and transit use, enabling residents of TODs to reduce or eliminate automobile dependency.

In a new analysis of a survey published by the National Bureau of Economic Research and highlighted by Fortune, around 90 percent of the nearly 6,000 interviewed CEOs, chief financial officers, and other top executives at firms across the US, UK, Germany, and Australia, said that AI has had no impact on productivity or employment at their business. To be clear, the question was about AI's impact generally, and not just from implementing it in the workplace. But around 70 percent of the firms reported actively using AI, meaning the vast majority of them are admitting that adopting the tech hasn't budged the needle for them yet.

Policy stances from the Trump administration on everything from immigration to tariffs, along with currency swings and stricter border controls, have seemingly proved a turnoff to travelers from other countries, especially Canadians - the single largest source of foreign tourists for the United States. Canadian travel to the U.S. fell by close to 30% in 2025. But it is not just visitors from Canada who are choosing to avoid the United States.

"Every time people visit San Francisco, they're blown away by our city's beauty and energy," said Lurie in a statement. "Film takes that feeling and carries it far beyond our city limits. And when productions choose San Francisco, they do more than showcase our city's outstanding beauty. They invest directly in our workers, our neighborhoods and our creative economy."

There's no greater sports town in all of America than Boston.

The day after Whitelaw testified, the state economist said that Oregon now has about $300 million more to spend than previously expected. The new revenue forecast does not mean the budget is in the black, however. There are new demands for the available dollars, including $600 million in upgrades to the Moda Center to retain the Portland Trail Blazers, a recently announced $50 million shortfall in Portland Public School funding,

The build up to the 2026 Winter Olympics in Milan and Cortina have been far from ideal. The ice rink has been delayed and riddled with issues. The bobsleigh track has been controversial from the start. History shows that many Winter Olympic hosts have also been plagued by late construction completions and rising costs, but perhaps 2026 represents a tipping point.

From Senegal to Somalia and Egypt to South Africa, credit alert notifications from fintech apps such as Western Union or WorldRemit often set the mood for the rest of the day, week or even month. Transfers from workers within the continent and the diaspora to their relatives are often referred to as the black tax, whereby one person's salary and relative success can become the safety net for a whole extended family.

For decades, business leaders have complained that California's regulatory climate has overburdened companies across the state, blaming a morass of rules, permits and paperwork for pushing businesses and jobs out of state and holding back economic growth. To help measure the impact of the regulations, the Public Policy Institute of California, a nonprofit, nonpartisan think tank, sought to compare the number of business requirements in the state with those in other parts of the country.

Please be informed that we will no longer let the American Public be ripped off' by Credit Card Companies that are charging Interest Rates of 20 to 30%, and even more, which festered unimpeded during the Sleepy Joe Biden Administration, Trump wrote on Truth Social, adding AFFORDABILITY! At the World Economic Forum in Davos, Switzerland, Trump confirmed that he planned to ask Congress to pass the cap on credit card interest rates.

Gambling in the UK isn't just a pastime - it's a cultural fixture that touches millions of people across different age groups and regions. Whether it's buying a lottery ticket, placing a sports bet, or trying luck online, betting habits offer insight into how people spend their leisure time and how the industry is evolving under changing technology and regulation. Participation trends across the country

Healthcare spending in the United States continues its upward climb, approaching $5 trillion annually in 2023. Employer-sponsored family plans now average $27,000 per year, placing mounting pressure on households and businesses. Yet despite this spending, the country's health outcomes remain far from world-leading. The latest OECD data show U.S. per-person spending is roughly twice the OECD average, with Switzerland and Germany trailing behind as the next highest spenders.

Iranians have been struggling for nearly two weeks with the longest, most comprehensive internet shutdown in the history of the Islamic Republic - one that has not only restricted their access to information and the outside world, but is also throttling many businesses that rely on online advertising. Authorities shut down internet access on Jan. 8 as nationwide protests led to a brutal crackdown that activists say has killed over 4,000 people, with more feared dead.

At the same time, children's development and families' needs do not end when the bell rings or when they enter kindergarten; continuous afterschool programming from early childhood through adolescence is critical. To fully realize the goals of universal childcaresupport working families, advance educational equity, and strengthen the economyNew York City must extend this vision to K12 students and make universal afterschool programming a core part of the solution.

The study by the Fraser of Allander Institute found that the professional men's and women's game, alongside the national teams, generated 820m during the 2023/24 season when fan spending was included. Without spectator-related expenditure, the sport's direct economic contribution stood at 545m, supporting the equivalent of 9,245 full-time jobs rising to14,315 with matchday spending added. Attendances at professional matches involving Scottish teams topped 6.8 million during the 2023/24 campaign.

From July 3 through 9, the Port of New York and New Jersey will host a weeklong spectacle featuring more than 60 international tall ships from more than 20 countries, more than 40 allied and U.S. naval vessels, a British aircraft carrier, Cunard's Queen Mary 2 and an aerial armada of over 100 aircrafts led by the U.S. Navy's Blue Angels. By the numbers alone, it's set to eclipse every Operation Sail celebration that came before it, from 1964 through 2012.

Our shows consistently generate significant revenue and boost tourism dollars in our host cities, as our delegates are deeply engaged in the communities they visit. This year, we're proud to partner with Reno, a city that understands the value of tourism and welcomes our industry with open arms - and real investment.

San Jose's quest to build a robust entertainment lineup around the major sporting events coming to Silicon Valley in 2026 has hit a key fundraising milestone, with several local and national companies and philanthropic organizations chipping in big bucks to make its vision a reality. Mayor Matt Mahan announced Wednesday that the city and the San Jose Sports Authority have raised nearly $5 million to help put on over 100 watch parties, 13 concerts, seven drone shows and projection mapping events with the Super Bowl, NCAA Men's Basketball Tournament and FIFA World Cup taking place in the South Bay over the next several months.

There's certainly no bad blood between the Toronto and Taylor Swift after a city report found the pop star's Eras Tour brought in an estimated $282 million in 2024. Swift held six sold-out shows in Toronto for 240,000 concertgoers in November 2024 as part of her massive Eras Tour. Globally, the tour is estimated to have made over $2 billion in ticket sales with 10 million attendees.

These are just a sampling of how this part of Ventura County is reckoning with the aftermath of federal immigration raids on Glass House cannabis farms six months ago, when hundreds of workers were detained and families split apart. In some instances, there is still uncertainty about what happened to minors left behind after one or both parents were deported.

The Trump administration has said it is immediately pausing all leases for offshore wind farms already under construction, in the heaviest blow yet to an industry that the administration has relentlessly targeted throughout the year. Trump's Department of the Interior said that it was halting the building of five wind projects due to national security risks. The department said it would work with the US Department of Defense to mitigate the risk of the wind turbine towers creating radar interference called clutter that could in some way hamper the US military.

Utility provider PG&E is hoping you'll forget about this weekend's one- to three-day power outage with a $200 credit for residential customers and a $2,500 credit for businesses, though some businesses say they lost ten times that much. The finger-pointing and blame games continue over PG&E's massive power outage that left more than 200,000 San Franciscans without electricity this weekend, as well they should.