Heard on the Street: Obama ordinance, a storefront tracker to solve NYC’s vacancy crisis, and why banks are pushing for more fintech collabs

By August 5, 2019 Heard on the Street

Heard on the Street – here’s what we were reading last week:

Aldermen propose community benefits agreement to protect residents from displacement by Obama Presidential Center: Former President Barack Obama has said he opposes such an agreement because the center will be an economic engine strong enough to lift up the surrounding community. Ald. Jeanette Taylor (20th) doesn’t buy it.

Can a ‘Storefront Tracker’ Save New York City From its Vacancy Crisis?: A first-of-its-kind law will give the city data on small businesses fleeing the city as retail rents skyrocket. But skeptics fear that won’t be enough.

Banks push for more fintech startup collaborations, despite failures: The 2019 State of Banking Innovation Survey revealed that only 43% of financial institutions rated past collaborations with startups as successful. Still, 2019 already has seen significant activity around bank-fintech partnerships.

Connecting Houston’s Growth to its Treasured Diversity:  In Houston, as in most other cities across the United States, white-owned companies are larger than their minority-owned counterparts. The city aims to change that, but systemic change will take time; there are generations of unfair advantages built into the city’s business environment.