AGP Executive Report
Last update: 7 hours agoOffshore Wind: Equinor says its Empire Wind project off New York is about 80% complete, but U.S. shipbuilding delays have pushed first power to the first half of 2027. Cannabis: New York’s legal market has passed $4 billion in retail sales, a milestone for the state’s fast-growing industry. Housing: City rents have hit a record, with a new report estimating renters need $215,000 a year to afford a typical Manhattan apartment. Semiconductors: GlobalFoundries says work is underway on planned manufacturing in Malta, while Micron is backing an expansion by materials supplier Indium Corporation. Construction: A $1.7 billion New York health laboratory has topped out, and the MTA has launched a $1.9 billion signal and track modernization project. Technology: New York ranks second nationally in quantum technology, with Stony Brook University central to the state’s growing research sector.
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