Category Archives: Blog

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New York City Hall Diverts $28 Million to Out-of-State Firms

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New York City – The not-for-profits, Economic Cornerstone and the Institute for Leadership, uncovered City Hall’s outsourcing of good paying union jobs to other states such as Wisconsin, Pennsylvania, Michigan and Georgia. The work being exported involves taxpayer dollars spent by city agencies such as the New York City Housing Authority (NYCHA) and the New…

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The map above displays New York City census tracts in which the minority population is greater than 50 percent of the general population and this population’s proximity to three major PANYNJ projects. Those census tracts containing a minority population greater than 90 percent are represented by the darkest areas. In the census tracts with a minority population in excess of 90 percent the per capita income in 2014 was $16,477.

Class Action Lawsuit Launched Against Port Authority on behalf of minority businesses

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Economic Cornerstone, a small, yet aggressive NYC-based 501.c.4 not-for-profit corporation ensuring minority programs deliver on their promise, recently launched a class-action lawsuit against the NYNJ Port Authority. The suit alleges that the Port Authority did not adhere to the affirmative action requirements that were a precondition to accepting federal funds. The suit claims the Port…

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Solving Chronic Unemployment by Creating Minority Entrepreneurs

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Posted: 02/24/2014 5:02 pm EST Huffington Post http://www.huffingtonpost.com/lia-petridis/solving-chronic-unemploym_b_4843505.html In some disadvantaged U.S. communities, male chronic unemployment has topped 60 percent. This is crippling many black and Hispanic communities, desperate for a lifeline to the American dream. But in today’s economy, with more emphasis placed on technology, these groups often times face greater challenges then ever…

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With the Tappan Zee Bridge Construction Opportunity is Knocking

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Will someone build a door so we can answer it? The danger that unemployment among unskilled workers becomes chronic is here. Now projects around New York City like the construction of the new Tappan Zee Bridge and the Hempstead Revitalization Project create an opportunity to change things. The Association of General Contractors (AGC) recently released…

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Reverend Lays Foundation for Local Jobs in Hempstead

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Bringing jobs to disadvantaged communities like Hempstead, in Nassau County Long Island, has always been challenging. Finding skilled workers in these communities is not always easy and when you do find them, it is often difficult to convince employers, banks and insurance companies to take a chance on them. In the construction industry, try securing…

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The Obamacare Challenge: Recruiting and Retaining Employees Without Reducing Profits

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Rewarding your best employees with healthcare benefits used to be standard operating procedure, but the Affordable Care Act (ACA), or Obamacare, is challenging this practice. Employers should be concerned about the regulatory and cost burdens associated with the Affordable Care Act, but these concerns must not distract from the most important element of running a…

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INSURANCE COMPANY FOUNDER FILES CLASS ACTION LAWSUIT AGAINST THE NYS DEPARTMENT OF FINANCIAL SERVICES

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On Behalf of Independent Entrepreneurs, Small and Minority Business Enterprises  A pro se class action lawsuit has been filed this week by James Matthew Kernan, founder of Oriska Insurance on behalf of independent entrepreneurs, and small and minority business enterprises. This suit is in response to the attempt by New York State Department of Financial…

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Rehashed Failed Policies Won’t Solve Chronic Unemployment

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Bring back paid Apprenticeships Chronic unemployment among black males is at 50% according to Columbia Professor Dr. Manning Marable. Chronic unemployment among white males is 20% according to author Charles Murray. The problem continues to escalate, yet politicians merely recycle the same failed policies to address it. Good intentions alone are not producing successful results.…

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Reengineering our Economy By Re-engineering our Education

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Now that elections are over, we need to begin a real dialogue over how to rebuild the fundamentals of the American economy. While there is no denying that tax policy creates incentives for businesses, it is not a cure-all. The notion that the Chinese laborer has ruined manufacturing in this country is short-sighted and misguided.…

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A Case for Change in Harlem/Bronx

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Why Rangel must Go. Our district needs to regain control over its resources, its culture and its way of doing business. Under Charlie Rangel, the district has seen an increase in unemployment and a decrease in its cultural prestige. From the southern boundaries of Harlem to the new northern boundaries of the Bronx, the needs…

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