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"The Tonight Show" and "America's Got Talent" are coming to NYC.These moves will create jobs in NYC and enhance opportunities for NYC-based stars of the future.
Tonight Show
From AM New York:
Jimmy Fallon will be the next host of "The Tonight Show," which is coming back to New York.
NBC confirmed Wednesday that Jay Leno will end his 22-year tenure as host and pass the torch to Fallon after the network wraps up its coverage of the 2014 Winter Olympics.
The network said the show will return to New York, news that excited city and state leaders.
"It's the perfect symbol of incredible comeback we've worked to create in our city's film and television industry," Mayor Michael Bloomberg.
The new "Tonight Show" will have a new set at 30 Rock. Leno, 62, and Fallon, 38, joked on their shows about speculation of their respective futures, and continued the wisecracks Wednesday in their statements about the announcement.
"I'm really excited to host a show that starts today instead of tomorrow," Fallon said.
"Congratulations Jimmy. I hope you're as lucky as me and hold on to the job until you're the old guy. If you need me, I'll be at the garage," Leno said.
The "Tonight Show" originally filmed in New York until 1972, when Johnny Carson relocated to Burbank, Calif. Bloomberg said it was natural for the show to come back to Gotham because its TV and film industry has been booming over the last decade.
There are 130,000 New Yorkers who work on TV productions, a 30% jump from 10 years ago, according to the mayor.
Gov. Andrew Cuomo is planning to extend the state's 30% tax credit for productions that includes a stipulation for major talk shows.
"The original 'Tonight Show' ushered in the modern era of television, broadcast here from New York. It is only fitting that as 'The Tonight Show' returns to our state, it will be headlined by New York's own native son and resident, Jimmy Fallon," Cuomo said.
America's Got Talent
From CNS News:
NBC's "America's Got Talent" is moving from New Jersey to New York City's Radio City Music Hall.
New York Gov. Andrew Cuomo made the announcement Wednesday.
The eighth season of the popular talent competition will air live from the landmark theater twice a week, starting July 23.
The show is relocating from the New Jersey Performing Arts Center in Newark.
Cuomo says the move will create more than 500 jobs and generate $100 million each season. New York State recently extended its Film Production Tax Credit to attract television shows to the state.
Supermodel Heidi Klum was recently added to "America's Got Talent" as a judge.
Showing posts with label business. Show all posts
Showing posts with label business. Show all posts
Monday, April 8, 2013
Monday, March 18, 2013
Women and Minority Owned Businesses Left Out of NYC Contracting
New York City awards only 5% of its spending to women- and minority-owned firms, and the city's population has achieved an all-time high.
Rising Certifications
Bloomberg's reign as Mayor has resulted in a growing number of minority-owned and women-owned firms that are certified to earn business from New York City. In fact, the Bloomberg Administration says that more than 3,500 such firms have been granted certification during the Bloomberg Era.
Unfortunately, certification provides only the possibility of earning business from NYC and provides no guarantee of revenue.
Lack of Contracts
Manhattan Borough President (and candidate for NYC Comptroller) Scott Stringer issued statements focusing on the need to turn certifications into city contracts for women-owned and minority-owned firms.
NYC Population Growth
Our city's population grew significantly since the 2010 Census and now stands at more than 8.3 million.
Manhattan's population growth was second only to Brooklyn, and the luster of Manhattan continues to drive NYC to greater heights.
Rising Certifications
Bloomberg's reign as Mayor has resulted in a growing number of minority-owned and women-owned firms that are certified to earn business from New York City. In fact, the Bloomberg Administration says that more than 3,500 such firms have been granted certification during the Bloomberg Era.
Unfortunately, certification provides only the possibility of earning business from NYC and provides no guarantee of revenue.
Lack of Contracts
Manhattan Borough President (and candidate for NYC Comptroller) Scott Stringer issued statements focusing on the need to turn certifications into city contracts for women-owned and minority-owned firms.
In the last budget year, only 5% of the $10.5 billion the city spent on contracts — for everything from construction projects to paper clips — went to firms owned by minority-group members or women.
“The good news is the city has done a terrific job boosting these certifications,” said Stringer.
“The bad news is we’re still falling short where it counts — which is getting contracts into the hands of the minority- and women-owned businesses.”
Stringer said those businesses complain about often-confusing applications, the lack of notice about contracting opportunities and fees charged by some agencies to view bidding documents.
Large, well-established companies have years of experience navigating the process. But for fledgling businesses — which are more likely to be owned by minority-group members or women — the process can be overwhelming, Stringer said.
“The city is not doing enough to help the businesses navigate the bid process, which remains too complicated and too time consuming,” Stringer said.
NYC Population Growth
Our city's population grew significantly since the 2010 Census and now stands at more than 8.3 million.
The city's population has grown by more than 161,500 people since 2010, the U.S. Census Bureau estimated. The increase is more than the entire population of Kansas City, Kan.; Savannah, Ga., or Hartford, Conn.
Mostly, New York City's growth is due to a widening gap between the numbers of births and deaths as life expectancy increases, according to city planners' analysis of the census estimates. But an influx of foreign immigrants in the last two years also played a role by outdistancing the number of New Yorkers who left town.
Brooklyn saw the biggest growth among the city's five boroughs, gaining more than 60,000 residents, as people flocked to a borough increasingly seen as having all the cachet of Manhattan – if not more – with less of the cost.
Monday, May 30, 2011
Black Board Members Disappear at the Largest US Companies While NYC Remains Preferred Headquarters
As our city continues to fight to keep its place as the preferred headquarters for our nation's largest companies, we see that the Boards of Directors of our nation's largest companies have been dramatically reducing their number of Black Directors in recent years.
The Role of the Board
Boards of Directors are the governing body of companies and play an enormously powerful role. Board members are elected by shareholders, but there is no higher authority within a company than the Board during the period between shareholder votes. Each company's Board selects the senior management of the company (including the CEO), establishes the compensation of the company's employees, sets the strategic direction for the company, evaluates and oversees the performance of the senior management of the company, and undertakes many other governance responsibilities, including the nomination of future Board members for approval by the shareholders.
Board service is lucrative. Members of the Boards of Fortune 500 companies each earn an average of more than $200,000 on an annual basis from their role (many companies pay each director more than $300,000 per year for Board service), despite the fact that the role requires a limited time commitment and does not preclude the Board member from serving on other company Boards or from holding a full-time job. In fact, most Board members are current or recently retired senior executives of large companies who are earning or who have earned until recently very high levels of compensation from their primary employers.
New York City is the Preferred Location for Company Headquarters
The Role of the Board
Boards of Directors are the governing body of companies and play an enormously powerful role. Board members are elected by shareholders, but there is no higher authority within a company than the Board during the period between shareholder votes. Each company's Board selects the senior management of the company (including the CEO), establishes the compensation of the company's employees, sets the strategic direction for the company, evaluates and oversees the performance of the senior management of the company, and undertakes many other governance responsibilities, including the nomination of future Board members for approval by the shareholders.
Board service is lucrative. Members of the Boards of Fortune 500 companies each earn an average of more than $200,000 on an annual basis from their role (many companies pay each director more than $300,000 per year for Board service), despite the fact that the role requires a limited time commitment and does not preclude the Board member from serving on other company Boards or from holding a full-time job. In fact, most Board members are current or recently retired senior executives of large companies who are earning or who have earned until recently very high levels of compensation from their primary employers.
New York City is the Preferred Location for Company Headquarters
Boards of Directors decide where their companies are headquartered, and New York City is the most common headquarters for companies in the Fortune 500.
Of the 500 companies, 42 are headquartered in New York City. That number is nearly twice as high as the next highest city, and it is nearly four times as high as the third largest city. Our city continues to dominate the fight to be the home of the most large companies.
Attracting and retaining companies in New York City improves the New York City economy, promotes employment, ensures that our city's desires are reflected in Board rooms and in decision-making at the highest levels of companies, and helps make our city the best city in the world in which to live.
Though our city and the other cities providing homes for our country's largest companies are very diverse, Board of Directors of our country's largest companies exclude nearly all people of color and nearly all women. Unfortunately, the trend is toward less diversity instead of more diversity on company Boards.
Reduced Diversity on Boards of Directors
The Executive Leadership Council and other organizations recently issued a report analyzing trends and reality in the ethnic and gender make-up of Boards of Directors within our country's largest 100 and within our country's largest 500 companies. The results were highly troubling.
Though people of color represent 34% of the US population, people of color are only 10% of the population of Boards of Directors of Fortune 500 companies.
Perhaps more troubling is the trend. The Boards of the largest 100 US companies lost nearly half of their Black male Board members between 2004 and 2010, going from 93 Board seats in 2004 to 51 Board seats in 2010. The combined male and female numbers for Black Board members dropped from 120 in 2004 to 77 in 2010. In 2010, Black Board members represented less than five percent of all Board seats.
As our country becomes more diverse, the Boards of Directors of our country's companies must follow the same trend. Right now, the trend is moving in the opposite direction and creating a larger-than-ever disconnect between the populations working in, consuming products from, and being affected by our country's companies and the Boards of those companies.
Perhaps a sign of the challenges our country faces in curing its race-oriented realities is a new study that shows that white US residents believe that the primary victims of racism are white Americans and that racism against white Americans in the US today is more severe than racism against Black Americans. While these findings are shocking, they may help explain why Boards of Directors of US companies are aggressively reducing their Black populations in recent years. Boards may have the false impression that people of color have too much power in our US companies and may be trying to reduce that power by eliminating people of color from the Boards of US companies. Let us hope that the success of those efforts can be reversed.
Of the 500 companies, 42 are headquartered in New York City. That number is nearly twice as high as the next highest city, and it is nearly four times as high as the third largest city. Our city continues to dominate the fight to be the home of the most large companies.
Attracting and retaining companies in New York City improves the New York City economy, promotes employment, ensures that our city's desires are reflected in Board rooms and in decision-making at the highest levels of companies, and helps make our city the best city in the world in which to live.
Though our city and the other cities providing homes for our country's largest companies are very diverse, Board of Directors of our country's largest companies exclude nearly all people of color and nearly all women. Unfortunately, the trend is toward less diversity instead of more diversity on company Boards.
Reduced Diversity on Boards of Directors
The Executive Leadership Council and other organizations recently issued a report analyzing trends and reality in the ethnic and gender make-up of Boards of Directors within our country's largest 100 and within our country's largest 500 companies. The results were highly troubling.
Though people of color represent 34% of the US population, people of color are only 10% of the population of Boards of Directors of Fortune 500 companies.
Perhaps more troubling is the trend. The Boards of the largest 100 US companies lost nearly half of their Black male Board members between 2004 and 2010, going from 93 Board seats in 2004 to 51 Board seats in 2010. The combined male and female numbers for Black Board members dropped from 120 in 2004 to 77 in 2010. In 2010, Black Board members represented less than five percent of all Board seats.
As our country becomes more diverse, the Boards of Directors of our country's companies must follow the same trend. Right now, the trend is moving in the opposite direction and creating a larger-than-ever disconnect between the populations working in, consuming products from, and being affected by our country's companies and the Boards of those companies.
Perhaps a sign of the challenges our country faces in curing its race-oriented realities is a new study that shows that white US residents believe that the primary victims of racism are white Americans and that racism against white Americans in the US today is more severe than racism against Black Americans. While these findings are shocking, they may help explain why Boards of Directors of US companies are aggressively reducing their Black populations in recent years. Boards may have the false impression that people of color have too much power in our US companies and may be trying to reduce that power by eliminating people of color from the Boards of US companies. Let us hope that the success of those efforts can be reversed.
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