AGP Executive Report
Last update: 11 hours agoNew York Industry: GlobalFoundries is set to manufacture components for quantum-computing company Xanadu and AI chips for TSMC, bolstering the state’s semiconductor sector. City Business & Transit: New York City’s congestion-pricing program has been linked to a 13% drop in fine-particle pollution, while the City Council is moving to support small businesses hurt by roadway construction. Housing & Construction: New York plans to fast-track affordable housing in 12 community districts starting in 2027, even as the state housing agency repeatedly exceeds its own construction-cost benchmark. Construction delays will also keep Rikers Island open past its 2027 closure target. Financial Services: New York permanently barred Celsius founder Alex Mashinsky from the financial industry and secured a settlement worth up to $35 million.
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