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Day: October 2, 2025

  • Bilt to Open Manhattan Headquarters, Add 625 Jobs in $50 Million R&D Push

    Bilt to Open Manhattan Headquarters, Add 625 Jobs in $50 Million R&D Push

    Bilt, the housing and neighborhood commerce fintech, signed a 15-year lease for a 58,000-square-foot headquarters at 837 Washington Street in Manhattan’s Meatpacking District, a move expected to create 625 high-paying jobs while retaining more than 200 staff. Backed by up to $6.25 million in performance-based Excelsior Jobs Program tax credits, the company plans more than $50 million in R&D to enhance payments, rewards, AI and security, with the renovated site slated to open in early 2026. Founded in 2019 and launched in 2021, Bilt reports over five million members, free rent-reporting to build credit, and plans to expand into mortgage-related rewards; the company has raised $850 million, is valued above $10.75 billion, and says it is on track to process more than $100 billion in housing-related spending annually while driving over $10 billion in purchases to a network of 40,000 merchants.

    Governor Hochul Announces Fintech Leader Bilt to Expand With New Manhattan Headquarters, Creating Over 600 Jobs

    Governor Kathy Hochul today announced that Bilt, a housing and neighborhood commerce platform, will establish its new headquarters at 837 Washington Street in Manhattan’s Meatpacking District under a 15-year lease. The 58,000-square-foot space will be fully renovated to accommodate the company’s growth, creating 625 new jobs while retaining more than 200 existing employees. Supported by up to $6.25 million in performance-based Excelsior Jobs Program tax credits from Empire State Development, the project includes more than $50 million in research and development investment to advance Bilt’s fintech products, payment systems and consumer engagement tools.

    “New York is the nation’s undisputed leader in finance and technology, and Bilt’s decision to grow and develop here underscores the unmatched talent, energy and opportunity that only New York can offer,” Governor Hochul said. “Bilt’s expansion and long-term commitment reflect the kind of homegrown innovation we are proud to support. Their success story is a reminder that when companies invest in New York, they not only strengthen our communities but also help shape the future of technology and economic growth across the state.”

    Empire State Development President, CEO and Commissioner Hope Knight said, “Bilt’s expansion represents the kind of forward-thinking investment that strengthens New York’s position as the global capital of fintech innovation. By choosing to grow in New York and create hundreds of high-paying jobs, Bilt is demonstrating confidence in our state’s unparalleled talent pool and business ecosystem. Empire State Development is committed to ensuring that companies like Bilt can continue to innovate, expand and generate lasting benefits for communities across the state.”

    Bilt Founder and CEO Ankur Jain said, “New York City is where Bilt was born, and it’s where we’ll continue to grow. This 15-year commitment to the Meatpacking District represents our unwavering belief in New York as the epicenter of innovation and the perfect place to build an American-made platform that connects people to rewarding experiences in their homes and neighborhoods. There’s no better neighborhood than the Meatpacking District to showcase what happens when commerce, community and culture come together.”

    Founded in 2019 and launched in 2021, Bilt has grown into the nation’s largest housing and neighborhood commerce platform, built and operated in New York City. The company serves more than five million members nationwide, and its platform — which includes a suite of tools for rent payments, dining, travel and neighborhood commerce — enables consumers to earn rewards on everyday housing and lifestyle expenses.

    The company has raised over $850 million in venture capital, reached a valuation of over $10.75 billion, and is on track to process more than $100 billion annually in housing-related spending while driving over $10 billion annually in spending to a network of over 40,000 neighborhood merchants including fitness studios, restaurants and pharmacies.

    Bilt offers free rent reporting capabilities that enable tenants to build their credit history simply by paying their rent on time, and with plans to soon expand into mortgage-related rewards and benefits, the company is creating a path for both renters and homeowners to strengthen their financial futures while engaging in Bilt’s broader rewards ecosystem.

    Bilt, which currently operates from its Lower Manhattan office, will lease approximately 58,000 square feet at 837 Washington Street, transforming a vacant building into a state-of-the-art headquarters expected to open in early 2026 following extensive renovations. The new facility will support the company’s expanding operations in artificial intelligence, engineering, product development, data analytics and partnership integration, while anchoring more than $50 million in research and development investment in New York. These R&D efforts will drive advances in payment processing, rewards technology, platform scalability and secure, privacy-focused financial transactions.

    Bilt’s decision to expand in Manhattan highlights the strength of New York City’s fintech sector and the broader innovation economy. With access to world-class talent, deep pools of capital, leading research institutions and an unmatched entrepreneurial spirit, New York offers the ideal environment for companies to scale and succeed. Expansions by high-growth firms like Figma, Rippling and Rokt, alongside new investments from global leaders across technology and finance, continue to reinforce this momentum. By choosing to grow here, Bilt is contributing to New York’s position as a premier destination for fintech innovation—where breakthrough companies build the technologies and platforms that are reshaping how consumers engage with financial services.

    Under Governor Hochul’s leadership, New York’s fintech sector has experienced remarkable growth, cementing the state’s position as a national hub for innovation and financial technology. Since, 2021, fintech jobs in New York State have grown by 28 percent — a rate 14 times faster than the national average.

    Meatpacking District Management Association Executive Director Jeffrey LeFrancois said, “We are thrilled to welcome Bilt to the Meatpacking District, a tremendous investment that underscores our neighborhood’s strength as a hub of innovation, tech, and commerce. This commitment will bring hundreds of high-quality jobs while breathing new life into an iconic neighborhood building. Thank you to Governor Hochul and Empire State Development for supporting this investment through the Excelsior Jobs Program, helping the Meatpacking District and New York continue to thrive.”

    New York City Councilmember Erik Bottcher said, “We are thrilled to welcome Bilt’s new headquarters to the Meatpacking District. This investment not only brings hundreds of good jobs to our community, but also breathes new life into a historic building while strengthening New York City’s role as a global leader in fintech innovation.”

    October 2, 2025

    Albany, NY

    Sources: Governor.ny.gov , Big New York news
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  • New York Opens 2026–27 FAFSA, TAP and STEM Aid Applications

    New York Opens 2026–27 FAFSA, TAP and STEM Aid Applications

    new york news hochul 2025 free edu

    .—New York on Oct. 2 opened applications for the 2026–27 Free Application for Federal Student Aid, the state’s Tuition Assistance Program and the NYS STEM Incentive Program, part of a push to expand college affordability with roughly $800 million in annual TAP awards and broadened eligibility that has already brought aid to nearly 38,000 newly eligible students. FAFSA remains the gateway to Pell Grants, Work-Study and state programs; a “Universal FAFSA” law has lifted completions about 12%, placing the state sixth nationally.
    The STEM scholarship covers SUNY/CUNY tuition for students graduating in the top 10% who commit to five years of STEM work in New York. Non-citizen students may qualify via the DREAM Act or an Alternate Eligibility Pathway. Deadlines: FAFSA/TAP for 2026–27 run through June 30, 2027; TAP for 2025–26 closes June 30, 2026; STEM applications are due Aug. 15, 2026.

    Governor Hochul Announces the Opening of Key New York State College Aid Applications for the 2026-27 Academic Year

    NYS Tuition Assistance Program (TAP) and STEM Incentive Program Applications Now Being Accepted

    Governor Kathy Hochul today announced that applications are now open for the New York State Tuition Assistance Program (TAP), and the NYS Science, Technology, Engineering and Mathematics (STEM) Incentive Program for the 2026-27 academic year. Additionally, the 2026–27 Free Application for Federal Student Aid (FAFSA) is now available, providing students with access to critical federal resources. Together, these programs provide a powerful combination of state and federal support to help New York students and families make higher education more affordable and accessible.

    “Programs like TAP and the STEM Incentive Program are vital in providing New York students with the financial support and opportunities they need to pursue higher education and achieve their dreams,” Governor Hochul said. “Equally important is completing the FAFSA, which opens the door to essential federal financial aid. These programs help students to overcome financial barriers, access quality education, and create a stronger future for themselves and their communities.”

    NYS Tuition Assistance Program (TAP)
    With approximately $800 million awarded each year, TAP is one of the most robust need-based financial aid programs in the nation. Governor Hochul’s recent historic expansions have made more students eligible to receive TAP, and New York is already seeing the results. Nearly 38,000 students who have become newly eligible are now receiving awards, contributing to more than $71 million in aid to students and their families. Together with the increased income thresholds and expanded access for part-time and non-degree students, New York is opening doors of opportunity to help ensure more residents can pursue higher education with the financial support they need to succeed.

    NYS STEM Incentive Program
    The NYS STEM Incentive Program provides scholarships that cover the cost of tuition to eligible students who are in the top 10 percent of high school graduates who pursue STEM degrees at SUNY or CUNY colleges. Recipients must commit to working in a STEM field in New York State for five years after graduation, helping to strengthen New York in critical industries. Learn more or apply for STEM here.

    Students who do not meet citizenship and residency requirements may still qualify for New York State financial aid through alternate pathways, such as the Senator José Peralta New York State DREAM Act or the Alternate Eligibility Pathway. Learn more about the available options by visiting the Applying for Aid webpage.

    Free Application for Federal Student Aid (FAFSA)
    Completing the FAFSA is one of the most important steps for students planning to attend college. The application determines eligibility for federal aid, including the Pell Grant, Federal Work-Study, and low-interest federal student loans, and is also used to help determine eligibility for state programs such as TAP, Excelsior, and STEM.

    To ensure New York students aren’t missing out on hundreds of millions in federal financial aid, Governor Hochul introduced the Universal FAFSA Completion legislation, which requires graduating high school seniors to complete the application. This landmark initiative is helping students access the financial aid they qualify for, making higher education more affordable and accessible for students and their families. Since enacting, completions have increased by nearly 12% throughout the state, making New York State sixth in the nation for FAFSA completions.

    New York State Higher Education Services Corporation President Dr. Guillermo Linares said, “HESC’s mission is to ensure that higher education remains within reach for every student in New York. With TAP, the STEM Incentive Program, and the FAFSA now open, students have more opportunities to secure the financial support they need. By completing these applications, families can reduce the burden of college costs and help students pursue their dreams.”

    State Senator Toby Ann Stavisky said, “TAP and STEM programs help students go to college who otherwise couldn’t afford it. With FAFSA completions up and more middle-class families eligible for TAP, New York is proving that higher education can be both excellent and affordable. These are families that would have likely sent their kids to school out of state. The improvements to TAP and STEM are continuing to help students in all sectors of higher education across the state.”

    Assemblymember Alicia L. Hyndman said, “Expanding access to higher education is one of the most meaningful investments we can make in our young people and in the future of New York. Thanks to the NYS Assembly for the expansion of the Tuition Assistance Program, more families—including nearly 38,000 newly eligible students—are receiving the support they need to pursue a college degree. With applications now open for TAP, the STEM Incentive Program, and FAFSA, students in Queens and across the state have greater access to vital financial aid. I am proud to support initiatives that reduce financial barriers and ensure every student has the opportunity to achieve their full potential.”

    State University of New York Chancellor John B. King Jr. said, “There is a place at SUNY for every New Yorker, and by completing FAFSA, TAP, and other financial aid applications, prospective students can take an essential step in making an affordable and excellent higher education a reality. Thanks to the SUNY FAFSA Completion Corps, online and in-person FAFSA completion events, and other efforts to support Governor Hochul’s Universal FAFSA law, more New York students are able to take advantage of this empowering opportunity. SUNY is proud to join Governor Hochul in taking action to ensure students and their families are informed about all of their financial aid options.”

    City University of New York Chancellor Félix V. Matos Rodríguez said, “CUNY students qualify for many state financial aid programs but often fail to apply, depriving themselves of much-needed resources to complete their degree. With the opening of the application period for the 2026-27 school year, we urge all New Yorkers to apply for aid to realize their college dreams and graduate debt-free. At CUNY, we have dedicated resources available to help guide them through the process.”

    New York State Education Commissioner Betty A. Rosa said, “It’s never too early for students, parents, and families to financially plan for the future, especially when it comes to education. For New York State students considering attending college next fall, now is the time to explore the resources available to help manage the cost of higher education. By completing the FAFSA and applying for state aid—such as TAP and the STEM Incentive Program—students can unlock new opportunities and build a strong foundation for academic success.”

    Commission on Independent Colleges and Universities President Lola W. Brabham said, “The Commission on Independent Colleges and Universities is deeply committed to ensuring that every student has the resources they need to succeed. With the opening of applications for TAP, STEM scholarships, and the FAFSA, families across the state gain access to critical support that makes higher education more affordable and attainable. The Commission applauds Governor Hochul’s leadership in expanding opportunity and reducing barriers for New York students.”

    New York’s Association of Private Colleges President Donna Stelling-Gurnett said, “From advocating for all students to have access to TAP to promoting important resources that will help break down barriers and open doors, APC remains committed to working with our partners to ensure higher education is more affordable and accessible for students and their families. All New Yorkers should have the opportunity to pursue their dreams, and we encourage prospective students to explore the state and federal support available to help get them on the right path.”

    Students applying for the 2026–27 academic year are encouraged to submit their financial aid applications as soon as possible. The 2026–27 FAFSA and New York State Tuition Assistance Program (TAP) applications are open until June 30, 2027. Those seeking TAP assistance for the current 2025–26 academic year must submit their applications by June 30, 2026.

    Students interested in the NYS STEM Incentive Program for the 2026–27 academic year must apply by August 15, 2026.

    For detailed information regarding eligibility, application guidelines, and additional resources, students and families are encouraged to visit the New York State Higher Education Services Corporation (HESC) website at hesc.ny.gov.

    October 2, 2025

    Albany, NY

    Sources: Governor.ny.gov , Big New York news BigNY.com
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  • Two Companies and Three Executives Indicted for Selling Chinese Forklifts as Made in America, Evading U.S. Tariffs

    Two Companies and Three Executives Indicted for Selling Chinese Forklifts as Made in America, Evading U.S. Tariffs

    USA News Justice 3 personT

    A federal grand jury in Denver returned an indictment on August 21, 2025, charging two Denver-area companies and the companies’ top executives for defrauding the federal government on sales of forklifts and conspiring to avoid paying proper tariffs on forklifts imported into the United States.

    According to court documents, Endless Sales Inc. (Endless), Octane Forklifts, Inc. (Octane), current executives Brian Firkins and Jeffrey Blasdel, and former executive J.R. Antczak allegedly conspired to import forklifts from China, disguise the Chinese origin of the forklifts, and then sell the forklifts to federal government agencies by fraudulently representing the forklifts as being manufactured in the United States. The indictment also alleges that Endless, Octane, Firkins, Blasdel, and Antczak conspired with an unnamed Chinese national and a Chinese manufacturer to create fake commercial invoices that fraudulently undervalued the cost of forklifts that Endless and Octane imported into the United States, thereby defrauding the government of over $1 million in applicable tariffs, duties, and fees. Firkins, Blasdel, and Antczak are each additionally charged with separate wire fraud charges, and Blasdel is also charged with making false statements to the government.

    “Defrauding the United States to profit from goods made in adversarial nations like China undermines our economic and national security,” said Attorney General Pamela Bondi. “The Justice Department is committed to protecting American taxpayer dollars, defending our national security against those who would undermine it, and holding accountable anyone who pursues illegal profits over our country.”

    “Defendants fraudulently hid the origins of the products they sold the government and conspired to avoid paying tariffs,” said Assistant Attorney General Abigail Slater of the Justice Department’s Antitrust Division. “The Antitrust Division’s Procurement Collusion Strike Force and its law enforcement partners will continue to prosecute and hold accountable those who seek to fraudulently obtain taxpayer funds.”

    “Today’s indictments are the result of the collaboration among the Defense Criminal Investigative Service (DCIS) and our law enforcement partners to hold accountable those who seek to violate America’s trade laws to enrich themselves,” said Acting Inspector General Steve Stebbins of the Department of Defense. “DCIS remains committed to safeguarding the integrity of the DoD contracting process.”

    “Federal contractors are expected to be honest in their dealings with the government,” said Deputy Inspector General Robert Erickson of the U.S. General Services Administration Office of Inspector General. “These indictments demonstrate our special agents’ commitment to pursue allegations of procurement fraud and protect the government’s supply chain.”

    “My office is committed to protecting taxpayer dollars and the integrity of federal procurement,” said Inspector General Joseph V. Cuffari, Ph.D of DHS OIG. “Octane Forklifts, Endless Sales, and their executives allegedly engaged in a brazen scheme to sell rebranded Chinese made forklifts to FEMA and the Department of Defense , all while falsely certifying their compliance with the Buy America Act. It is especially reprehensible that this alleged fraud involved a FEMA contract using disaster funds. I commend our law enforcement partners, the U.S. Attorney’s Office for the District of Colorado, and DOJ’s Antitrust Division for their steadfast commitment to holding these individuals accountable.”

    “This indictment reflects the commitment of the Air Force to uphold the integrity in public contracting and protect taxpayer dollars,” said Director Jason T. Hein, Office of Procurement Fraud Investigations, Office of Special Investigations, USAF. “Procurement fraud undermines trust in government and diverts resources from maintaining our national security and missions they’re meant to serve. We will continue to pursue accountability wherever public funds are at risk.”

    “Intentionally violating the Buy America Act to defraud the US Government, isn’t just a legal issue, it is a demonstration of complete disregard for US law and the safety and security of our US military.” said Special Agent in Charge Derek Tilton of the Department of the Army Criminal Investigation Division. “The US Army will not tolerate contract fraud and will vigorously pursue all available legal recourse.”

    “This indictment demonstrates the VA OIG’s commitment to protecting taxpayer funds and ensuring companies who do business with the government are held accountable,” said Special Agent in Charge Anthony Heddell with the Department of Veterans Affairs Office of Inspector General’s Western Field Office. “The VA OIG will continue to work with our law enforcement partners to ensure the integrity of VA’s programs and services.”

    Firkins, Blasdel, Antczak, Endless, and Octane are charged with conspiring to commit wire fraud in violation of 18 U.S.C. § 1349.  Firkins, Blasdel, and Antczak are similarly charged with individual counts of wire fraud in violation of 18 U.S.C. § 1343. For the individuals, each count of conviction carries a maximum penalty of 20 years in prison and a fine of $250,000. For the corporations, the maximum penalty is a fine of $500,000. Firkins, Blasdel, Antczak, Endless and Octane are also charged with conspiring to enter goods into the United States by means of false or fraudulent statements. For the individuals, a count of conviction carries a maximum penalty of five years in prison and a fine of $250,000. For the corporations, the maximum penalty is a fine of $500,000, or twice the gain derived from the offense, or twice the loss caused by the offense. Finally, Blasdel is charged with making false statements to the government, which carries a maximum penalty of five years in prison and a fine of $250,000.

    If convicted, a federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.

    The Antitrust Division’s Chicago Office is prosecuting the case, which was investigated with the assistance of the United States Army Criminal Investigative Division, Defense Criminal Investigative Service, U.S. Air Force Office of Special Investigation, U.S. General Services Administration Office of Inspector General, Department of Homeland Security Office of Inspector General, Veterans Affairs Office of Inspector General, and U.S. Defense Contract Audit Agency. The Westminster, Colorado, Police Department provided valuable assistance.

    In November 2019, the Justice Department created the Procurement Collusion Strike Force (PCSF), a joint law enforcement effort to combat antitrust crimes and related fraudulent schemes that impact government procurement, grant and program funding at all levels of government — federal, state and local. To learn more about the PCSF, or to report information on bid rigging, price fixing, market allocation and other anticompetitive conduct related to government spending, go to www.justice.gov/procurement-collusion-strike-force. Anyone with information in connection with this investigation can contact the PCSF at the link listed above.

    An indictment is merely an allegation and all defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.

    Updated September 30, 2025

    Sources: Justice.gov

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