Tag:

Economic Impact

'Devastating': PepsiCo Shuttering NY Manufacturing Facility After Decades 'Devastating': PepsiCo Shuttering NY Manufacturing Facility After Decades
'Devastating': PepsiCo Shuttering NY Manufacturing Facility After Decades PepsiCo–one of New York’s largest employers–is shuttering its longtime manufacturing facility in the Hudson Valley. The food and beverage titan, headquartered in the Westchester County hamlet of Purchase, is closing its food manufacturing facility in the Sullivan County town of Liberty, a company spokesperson confirmed to Daily Voice. Details on the timeline and the number of affected employees remained unclear as of Wednesday, Feb. 19. "This plant has played a vital role in producing our beloved PopCorners brand, but the pace of growth for this product line paired with broader industry pa…
Mass Deportations Could Lead To Salary Increases In These States, Including NY Mass Deportations Could Lead To Salary Increases In These States, Including NY
Mass Deportations Could Lead To Salary Increases In These States, Including NY Mass deportations could significantly impact wages in states heavily reliant on foreign labor, according to new research.  An Oxford study suggests that removing a substantial number of immigrant workers may lead to labor shortages, compelling employers to increase salaries to attract native-born workers, Newsweek reports. The states most likely to be affected are New York, New Jersey, California, Florida, and Texas, the report said, because those states have large immigrant populations and economies that depend on foreign labor in sectors such as agriculture, construction, and hospita…
Taylor Swift's Financial 'Strategic Genius' Examined In New Harvard Business Review Book Taylor Swift's Financial 'Strategic Genius' Examined In New Harvard Business Review Book
Taylor Swift's Financial 'Strategic Genius' Examined In New Harvard Business Review Book Taylor Swift created a huge economic impact with her record-breaking Eras Tour and a new book from Harvard Business Review will look at the pop star's financially savvy vision. "There’s Nothing Like This: The Strategic Genius of Taylor Swift" will be released on Tuesday, Apr. 8, the Harvard Business Review announced on Tuesday, Jan. 28. It was written by senior editor Kevin Evers, the author of several bestsellers, including books on digital disruption and marketing. The Eras Tour grossed more than $2 billion and generated a $10 billion economic impact on local economies, acc…
East Coast Ports Dodge Shutdown As Dockworkers Reach Tentative Six-Year Deal East Coast Ports Dodge Shutdown As Dockworkers Reach Tentative Six-Year Deal
East Coast Ports Dodge Shutdown As Dockworkers Reach Tentative Six-Year Deal Dockworkers and port companies have come to a tentative agreement on a new six-year deal, avoiding another work stoppage that would cause major shipping disruptions along the East Coast. The International Longshoremen’s Association (ILA) and United States Maritime Alliance (USMX) announced the tentative agreement in a joint news release at night on Wednesday, Jan. 8. The deal aimed to avoid another potential strike on Wednesday, Jan. 15. The ILA and USMX agreed to extend the current master contract until ILA representatives can convene for a ratification vote and USMX members can final…
New York's Ryan Reynolds, Blake Lively Reveal Themselves As Swifties In New Selfie New York's Ryan Reynolds, Blake Lively Reveal Themselves As Swifties In New Selfie
New York's Ryan Reynolds, Blake Lively Reveal Themselves As Swifties In New Selfie Popular power couple and New York residents Ryan Reynolds and Blake Lively are the latest celebrities to be completely enthralled with pop superstar Taylor Swift. In an Instagram post, Reynolds revealed that he and Lively, who married in 2012 and live in the Northern Westchester town of Pound Ridge, attended an Eras Tour concert in New Orleans in October, an experience he said was "one of the best things I’ve seen/heard/felt." "The main reason I’ll never forget this show is because it brings people together in so many ways," Reynolds, age 48, wrote in the post's caption, also adding, "And …
Longshoremen Strike: Hundreds Of NY, NJ Dockworkers On Picket Lines Longshoremen Strike: Hundreds Of NY, NJ Dockworkers On Picket Lines
Longshoremen Strike: Hundreds Of NY, NJ Dockworkers On Picket Lines Thousands of longshoremen along the East and Golf coasts are on strike in a move that could heavily impact the economy and make it harder to get goods and services. In Elizabeth, NJ, the strike began on Tuesday, Oct. 1 outside Maher Terminal where hundreds of dockworkers rallied. CBS News, citing the Port Authority of NY and NJ, said most operations have been shut down due to the strike. Daily Voice has reached out the Port Authority for comment. The Port Authority said it has been working closely with the commercial trucking industry to ensure cargo containing essential goods, medical sup…
Tourists Spent Record-Breaking Amount On Long Island Last Year, Report Shows Tourists Spent Record-Breaking Amount On Long Island Last Year, Report Shows
Tourists Spent Record-Breaking Amount On Long Island Last Year, Report Shows It appears tourists just can’t get enough of Long Island. Travelers spent a record-breaking $7.5 billion across Nassau and Suffolk counties in 2023, according to data from New York State’s annual Tourism Economics report.  That figure far surpassed 2022’s record-breaking spending of $6.6 billion by 12.7 percent. Tourists spent the most, 36 percent, on food and beverages, followed by lodging at 20 percent, the report found. Retail and service stations added another $1.2 billion, or 16 percent of total spend. Suffolk County saw the biggest increase in tourism dollars in 2023, with 15.6…