AGP Executive Report
Last update: 8 hours agoSemiconductor Manufacturing: Japan is backing a $21 billion expansion of GlobalFoundries’ Malta, N.Y., operations, with two new chip factories set to boost U.S. production capacity. Quantum Technology: New York City is investing $29.2 million in NYU’s planned quantum lab; in return, the city will receive 15% of certain proceeds from research funded with its contribution. Small-Business Finance: NYC-based SBG Funding says it has provided more than $3 billion to small businesses since 2017, including $867 million in the first nine months of 2026. Wall Street & AI: Comptroller Mark Levine is urging Anthropic to delay its U.S. IPO until it addresses safety and governance concerns; city pension funds have about $7 million in exposure to the company. Local Services: A deal would end Central Park’s horse-carriage industry by June 2028. The city plans a transition program, while drivers warn their livelihoods are at stake. Energy Costs: New York has sent 3 million rebate checks of up to $200, with 5.2 million more on the way.
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