NRA Challenge To Fast Food Wage

The first steps in the National Restaurant Association challenge to the New York $15 fast food minimum wage were taken last week as oral arguments were presented before the Industrial Board of Appeals.  The NRA is challenging the $15 fast food minimum on several grounds, notably that the decision to apply the increase to “a…

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Tax Foundation Releases State Tax Report

In a perfect follow-up to the above story on the Governor’s take on New York businesses, the Tax Foundation released the 2016 State Business Tax Index this week, with New York coming in 2nd last in the country!  The index, which is released annually, measures how well states structure their tax systems as relates the…

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Cuomo Wants Tax Incentives for Business

In what must be one of the more glaring cases of dual political personality, New York Governor Andrew Cuomo this week made quite the splash as he advocated for tax incentives to help attract businesses to New York.  Cuomo made the comments at a new solar panel factory in Buffalo,  that was lured to the…

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Reaction to NY Wage Board

Since the Fast Food Wage Board appointed by Governor Andrew Cuomo finalized its recommendation to increase the minimum wage in New York by 71% to $15/hour, there has been no shortage of reaction (and outrage, justifiably) from the restaurant community.   We took note of two telling interviews.  Dunkin CEO Nigel Travis appeared on CNN and…

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NY Wage Board Okays $15

In what should be a surprise to absolutely no-one, the Fast Food Wage Board appointed by New York Governor Andrew Cuomo unanimously voted on Wednesday to recommend increasing the minimum wage applicable to fast food employees to $15/hour.  They suggest the increase be phased in over the next 3 to 6 years, reaching $15 by…

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New York Wage Board Decision Postponed

Coincidentally in the wake of a story that 15,000 New York state workers earn less than $15/hour, the Wage Board appointed by Governor Cuomo postponed their July 13 decision making meeting until July 22 in Albany.  In its July 13 edition, the New York Post reported on some 15,000 state workers earning below what the…

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FDA Bans Trans Fats

You knew it was coming anyway, now the Food and Drug Administration (FDA) has finalized their plan to remove poly-hydrogenated oils (phos) or artificial trans fats from the list of ingredients on the Generally Regarded As Safe (GRAS) listing for use in human food products.   Commonly used phos have been on the GRAS list since…

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Miscellaneous

As one would expect, Americans have the greatest confidence in our military men and women, but small business this year actually came in a (relatively) close second.  Gallup reported earlier this month that some 72% of Americans were confident in the Armed Forces as an institution, while 67% had “a great deal” or “quite a…

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NRF Report Projects Major Costs from New Overtime Rules

The National  Retail Federation released a new report just over a week ago that predicts that new overtime regulations being proposed by the Obama administration will result in significant increases in costs to businesses across the country, but will have the greatest impact on the retail industry.  The NRF report, conducted by Oxford Economics, found…

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Competitor News

McDonald’s has had a rough ride for the past year or so with their sales and income both plummeting and not enough of their customers still “lovin’ it”, but the Golden Arches appears intent on plowing ahead into new areas.  This week, the burger behemoth announced they will begin testing delivery service from selected stores…

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