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ICYMI: Off-Beat Business

Friday, July 20, 2012

You’ve see the headlines, read the front pages and checked out the business section. But In Case You Missed It, here’re a few, under-the-radar business stories you might have overlooked.

Why Lower Lobster Prices Won't Mean Cheaper Lobster Rolls
Lower lobster prices caused by a boost in the crustacean population won't actually lower the price of lobster or lobster rolls in the city, according to Gothamist.  That's because the lobster population has mostly boomed in Maine, and lobsters often don't live long enough to travel from there to New York.

Water-Only Cafe Sells NYC Tap Water
A glass of filtered New York City tap water is going for $2.50 a pop, according to DNAinfo. And that premium isn't just because of the recent heat waves. Water Cafe on East 10th Street uses a custom-made $20,000 purification device with a filter that stands eight feet tall behind the cafe counter.

Local Beer Brewers Get Their Tax Break Back
Governor Andrew Cuomo is reinstating a tax break for breweries in New York, easing a burden of nearly 100 breweries in Brooklyn and Long Island and across New York state, Patch.com reports. And as production costs to breweries fall, the price of a pint for a consumers isn't expected to rise by the $1 previously estimated following the May ruling that required higher taxes from local brewers.

Queens Casino Raked in $15 million in a Week
The Resorts World Casino took in nearly $15 million between July 1 and July 7, the Queens Courier reports. The racino even beat out Las Vegas and Atlantic City in slot gaming revenue.  From that week's income alone, $6.5 million went to state education funds.

New Push for Paid Sick Leave
City Council Speaker Christine Quinn under renewed pressure from the working families party for her stance against requiring paid sick leave, BusinessWeek reports. Quinn says small local businesses would suffer if the policy were implemented given the current state of the economy.  One study estimates that paid sick leave could cost employers in the city $800 million a year.

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