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New York Gov. Andrew Cuomo. Photo: Mike Segar/Pool/Getty Images

New York City will resume its 24-hour subway service on May 17, Gov. Andrew Cuomo announced Monday, along with fast-tracking the city's plans to fully reopen businesses.

The big picture: The return is a key part of the tri-state area's efforts to increase economic activity and bring back crowds.

The state of play: Businesses like restaurants, offices, retail stores, theaters, museums, barbershops, amusement parks, and fitness centers in New York City, New Jersey and Connecticut will operate at full capacity, elected officials said.

  • Businesses in New York must still keep CDC guidelines at the forefront, including 6-foot distancing, unless they require all individuals in their establishment to be vaccinated, Cuomo said at a press conference.
  • "Life should be returning to normal. You’re vaccinated. And it’s an incentive to be vaccinated," he added.

What they're saying: "COVID-19 is on the decline in New York City and across New York State, and as we shift our focus to rebuilding our economy, helping businesses and putting people back to work, it's time to bring the Subway back to full capacity," Cuomo said in a statement.

Go deeper

WH: Getting vaccinated "most important" step in hurricane preparedness

President Biden speaking at the White House on Tuesday. Photo: Alex Wong/Getty Images

The "most important" step Americans should take to prepare for peak hurricane season is to get vaccinated against COVID-19 in case they have to evacuate, the White House said Tuesday.

Why it matters: The statement followed President Biden's meeting on hurricane preparedness with senior FEMA officials and others, who advised him of the measure — hours before Tropical Storm Fred formed near Puerto Rico. Florida is in the path of the storm, which could possibly intensify into a hurricane.

Updated Aug 11, 2021 - Economy & Business

New COVID restrictions could slow air travel

Photo: Allen J. Schaben/Los Angeles Times via Getty Images

Leisure air travel is booming, but with COVID-19 cases soaring in the U.S., the airline industry can expect a slowdown after Labor Day — and that might actually be a good thing.

Why it matters: Airlines have struggled to keep up with the unexpectedly strong rebound in travel demand this summer, with Spirit Airlines' chaotic, cancellation-filled episode last week as the most extreme example.

Kathy Hochul to become New York's first female governor

Photo: Lev Radin/Pacific Press/LightRocket via Getty Images

New York Lt. Gov. Kathy Hochul (D) will be sworn in as governor once Andrew Cuomo's resignation goes into effect in 14 days.

Why it matters: Hochul will become the first woman to serve as governor of New York and will serve out the rest of Cuomo's term until the 2022 midterms.