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Interborough Rapid Transit Company

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A privately held company (or simply a private company ) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in their respective listed markets. Instead, the company's stock is offered, owned, traded or exchanged privately, also known as " over-the-counter ". Related terms are unlisted organisation , unquoted company and private equity .

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80-496: The Interborough Rapid Transit Company ( IRT ) was the private operator of New York City 's original underground subway line that opened in 1904, as well as earlier elevated railways and additional rapid transit lines in New York City . The IRT was purchased by the city on June 12, 1940, along with the younger BMT and IND systems, to form the modern New York City Subway . The former IRT lines (the numbered routes in

160-721: A 2001 Claritas study, Queens was the most diverse county in the United States among counties of 100,000+ population. A 2014 analysis by The Atlantic found Queens County to be the third most racially diverse county-equivalent in the United States—behind Aleutians West Census Area and Aleutians East Borough in Alaska—as well as the most diverse county in New York. Meanwhile, a 2017 study by Axios found that, although numerous smaller counties in

240-592: A decline to 2,253,858. In 2018, there were 865,878 housing units, and 777,904 households, 2.97 persons per household, and a median value of $ 481,300. There was an owner-occupancy rate of 44.5. In the 2010 United States census , Queens recorded a population of 2,230,722. There were 780,117 households enumerated, with an average of 2.82 persons per household. The population density was 20,465.3 inhabitants per square mile (7,901.7 inhabitants/km ). There were 835,127 housing units at an average density of 7,661.7 units per square mile (2,958.2/km ). The racial makeup of

320-415: A high temperature of 90 °F (32 °C) or warmer. In an average year, there are 14 days on which the temperature does not go above 32 °F (0 °C) all day. Spring and autumn can vary from chilly to very warm. The highest temperature ever recorded at LaGuardia Airport was 107 °F (42 °C) on July 3, 1966. The highest temperature ever recorded at John F. Kennedy International Airport

400-495: A new building was erected about 1787 (and later completed) in an area near Mineola (now in Nassau County) known then as Clowesville. The 1850 United States census was the first in which the population of the three western towns exceeded that of the three eastern towns that are now part of Nassau County. Concerns were raised about the condition and distance of the old courthouse, and several sites were in contention for

480-538: A single elevated extension that reaches up to New Lots Avenue , and the other reaching Flatbush Avenue via the underground Nostrand Avenue Line . The Flushing Line , its sole line in Queens , is entirely elevated except for a short portion approaching its East River tunnel and its terminal at Flushing–Main Street (the whole Manhattan portion of the line is underground). The Flushing Line has had no track connection to

560-685: A sixth town, the Town of North Hempstead , was formed through secession by the northern portions of the Town of Hempstead. The seat of the county government was located first in Jamaica, but the courthouse was torn down by the British during the American Revolution to use the materials to build barracks. After the war, various buildings in Jamaica temporarily served as courthouse and jail until

640-507: A substantial exodus of white residents, but have seen an increase of Asian population, mostly Chinese and Korean. Queens has experienced a real estate boom making most of its neighborhoods desirable for people who want to reside near Manhattan but in a less urban setting. According to the office of the New York State Comptroller in 2000, 138 languages are spoken in the borough. The 2021 American Community Survey by

720-715: A year before its first subway line opened, the IRT acquired the Manhattan Railway Company by lease, gaining a monopoly on rapid transit in Manhattan. The IRT coordinated some services between what became its subway and elevated divisions, but all the lines of the former Manhattan elevateds have since been dismantled. In 1913, as a result of massive expansion in the city, the IRT signed the Dual Contracts with Brooklyn Rapid Transit (BRT) in order to expand

800-748: Is crossed by the Long Island straddling terminal moraine created by the Wisconsin Glacier . The Rockaway Peninsula , the southernmost part of all of Queens, sits between Jamaica Bay and the Atlantic Ocean, featuring 7 miles (11 km) of beaches. Under the Köppen climate classification , Queens has a humid subtropical climate (Cfa) with partial shielding from the Appalachian Mountains and moderating influences from

880-571: Is often found in former Eastern Bloc countries to differentiate from former state-owned enterprises , but it may be used anywhere in contrast to a state-owned or a collectively owned company. In the United States , a privately held company refers to a business entity owned by private stakeholders, investors, or company founders, and its shares are not available for public purchase on stock exchanges. That contrasts with public companies, whose shares are publicly traded, which allows investing by

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960-475: Is referred to as privatization . A privately owned enterprise is one form that private property may take. In the United Kingdom, a close or closely held company is defined as a company which is controlled by either five or fewer shareholders or is controlled by shareholders who are also directors. Queens Queens is a borough of New York City , coextensive with Queens County , in

1040-661: Is the East River, across which is Manhattan to the west and The Bronx to the north. Nassau County is east of Queens on Long Island. Staten Island is southwest of Brooklyn, and shares only a three-mile-long water border (in the Outer Bay) with Queens. North of Queens are Flushing Bay and the Flushing River , connecting to the East River . The East River opens into Long Island Sound . The midsection of Queens

1120-615: Is the fourth-most densely populated borough in New York City and the fourth-most densely populated U.S. county . As approximately 47% of its residents are foreign-born , Queens is highly diverse. Queens was established in 1683 as one of the original 12 counties of the Province of New York . The settlement was named after the English Queen and Portuguese royal princess Catherine of Braganza (1638–1705). From 1683 to 1899,

1200-671: Is the record in Queens. Tornadoes are generally rare; the most recent tornado, an EF0 , touched down in College Point on August 3, 2018, causing minor damage. Before that, there was a tornado in Breezy Point on September 8, 2012, which damaged the roofs of some homes, and an EF1 tornado in Flushing on September 26, 2010. Four United States Postal Service postal zones serve Queens, based roughly on those serving

1280-422: Is today the borough of Queens. Originally, Queens County included the adjacent area now comprising Nassau County . It was an original county of New York State, one of twelve created on November 1, 1683. The county is presumed to have been named after Catherine of Braganza , since she was queen of England at the time (she was Portugal's royal princess Catarina, daughter of King John IV of Portugal ). The county

1360-665: The Corporations Act 2001 requires publicly traded companies to file certain documents relating to their annual general meeting with the Australian Securities and Investments Commission (ASIC). There is a similar requirement for large proprietary companies, which are required to lodge Form 388H to the ASIC containing their financial report. In the United States, private companies are held to different accounting auditing standards than public companies, overseen by

1440-518: The 2020 census , 2,405,464 people lived in Queens. In 2018's American Community Survey , the population of Queens was estimated by the United States Census Bureau to have increased to 2,278,906, a rise of 2.2%. Queens' estimated population represented 27.1% of New York City's population of 8,398,748; 29.6% of Long Island's population of 7,701,172; and 11.7% of New York State's population of 19,542,209. The 2019 estimates reported

1520-563: The A Division of the subway. The remaining lines are underground in Manhattan, except for a short stretch across Harlem at 125th Street and in northern Manhattan. Its many lines in the Bronx are predominantly elevated, with some subway, and some railroad-style right-of-way acquired from the defunct New York, Westchester and Boston Railway , which now constitutes the IRT Dyre Avenue Line . Its Brooklyn lines are underground with

1600-710: The Battle of Long Island was largely fought. Queens, like the rest of what became New York City and Long Island, remained under British occupation after the Battle of Long Island in 1776 and was occupied throughout most of the rest of the Revolutionary War . Under the Quartering Act , British soldiers used, as barracks , the public inns and uninhabited buildings belonging to Queens residents. Even though many residents opposed unannounced quartering, they supported

1680-617: The Colony of New York were redefined. Queens gained North and South Brother Islands as well as Huletts Island (today known as Rikers Island ). On December 3, 1768, Queens gained other islands in Long Island Sound that were not already assigned to a county but that did not abut on Westchester County (today's Bronx County ). Queens played a minor role in the American Revolution , as compared to Brooklyn, where

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1760-478: The Corporations Act 2001 limits a privately held company to 50 non-employee shareholders. A privately owned enterprise is a commercial enterprise owned by private investors, shareholders or owners (usually collectively , but they can be owned by a single individual ), and is in contrast to state institutions, such as publicly owned enterprises and government agencies . Private enterprises comprise

1840-612: The East River in 1910. From 1915 onward, much of Queens was connected to the New York City Subway system. With the 1915 construction of the Steinway Tunnel carrying the IRT Flushing Line between Queens and Manhattan, and the robust expansion of the use of the automobile , the population of Queens more than doubled in the 1920s, from 469,042 in 1920 to 1,079,129 in 1930. In later years, Queens

1920-676: The European American population, Queens has the third largest Bosnian population in the United States behind only St. Louis and Chicago , numbering more than 15,000. Queens is home to some 50,000 Armenian Americans . The Jewish Community Study of New York 2011 , sponsored by the UJA-Federation of New York , found that about 9% of Queens residents were Jews. In 2011, there were about 198,000 Jews in Queens , making it home to about 13% of all people in Jewish households in

2000-698: The New York Mets baseball team; the USTA Billie Jean King National Tennis Center , site of the U.S. Open tennis tournament; Kaufman Astoria Studios ; Silvercup Studios ; and the Aqueduct Racetrack . Flushing is undergoing rapid gentrification with investment by Chinese transnational entities, while Long Island City is undergoing gentrification secondary to its proximity across the East River from Manhattan. The first European settlement in

2080-420: The U.S. state of New York . Located near the western end of Long Island , it is the largest of the five New York City boroughs by area. It is bordered by the borough of Brooklyn and by Nassau County to its east, and shares maritime borders with the boroughs of Manhattan , the Bronx , and Staten Island , as well as with New Jersey . Queens is the most linguistically and ethnically diverse place in

2160-417: The United States Census Bureau , Queens County has a total area of 178 square miles (460 km ), of which 109 square miles (280 km ) is land and 70 square miles (180 km ) (39%) is water. Brooklyn , the only other New York City borough on Long Island, lies just south and west of Queens. Newtown Creek , an estuary that flows into the East River , forms part of the border. To the west and north

2240-1000: The United States Census Bureau , found that – of those over the age of five residing in Queens – 54.53% spoke a language other than English in the home. The following tables shows the 15 most common non-English languages in Queens, with the most prominent being Spanish , Chinese , and Bengali . In 2010 statistics, the largest religious group in Queens was the Diocese of Brooklyn , with 677,520 Roman Catholics worshiping at 100 parishes, followed by an estimated 81,456 Muslims with 57 congregations, 80,000 Orthodox Jews with 110 congregations, 33,325 non-denominational Christian adherents with 129 congregations, 28,085 AME Methodists with 14 congregations, 24,250 Greek Orthodox with 6 congregations, 16,775 Hindus with 18 congregations, 13,989 AoG Pentecostals with 64 congregations, 13,507 Seventh-day Adventists with 45 congregations, and 12,957 Mahayana Buddhists with 26 congregations. Altogether, 49.4% of

2320-599: The private company limited by shares in the United Kingdom (abbreviated Ltd ) or unlimited company and the proprietary limited company (abbreviated Pty Ltd ) or unlimited proprietary company (abbreviated Pty ) in South Africa and Australia . In India , private companies are registered by the Registrar of Companies , which is under the Ministry of Corporate Affairs . Indian private companies must contain

2400-408: The private sector of an economy. An economic system that 1) contains a large private sector where privately run businesses are the backbone of the economy, and 2) a business surplus is controlled by the owners, is referred to as capitalism . This contrasts with socialism , where the industry is owned by the state or by all of the community in common. The act of taking assets into the private sector

2480-410: The Atlantic Ocean. Queens receives precipitation throughout the year, with an average of 44.8 inches (114 cm) per year. In an average year, there will be 44 days with either moderate or heavy rain. An average winter will have 22 days with some snowfall, of which nine days have at least 1 inch (2.5 cm) of snowfall. Summer is typically hot, humid, and wet. An average year will have 17 days with

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2560-602: The British crown. The quartering of soldiers in private homes, except in times of war, was banned by the Third Amendment to the United States Constitution . Nathan Hale was captured by the British on the shore of Flushing Bay and hanged in Manhattan . From 1683 until 1784, Queens County consisted of five towns: Flushing, Hempstead , Jamaica , Newtown, and Oyster Bay . On April 6, 1784,

2640-599: The County of Queens included what is now Nassau County. Queens became a borough during the consolidation of New York City in 1898, combining the towns of Long Island City , Newtown , Flushing , Jamaica , and western Hempstead . All except Hempstead are today considered neighborhoods of Queens. Queens has the most diversified economy of the five boroughs of New York City. It is home to both of New York City's airports: John F. Kennedy and LaGuardia . Among its landmarks are Flushing Meadows–Corona Park ; Citi Field , home to

2720-494: The East and Harlem Rivers, from south to north) Several pieces of pre-unification IRT equipment have been preserved in various museums. While some of the equipment are operational, others are in need of restoration or are used simply as static displays. Other NYC Subway companies: Also: Private company Private companies are often less well-known than their publicly traded counterparts but still have major importance in

2800-406: The IRT's mission was to operate New York City's initial underground rapid transit system after Belmont's and John B. McDonald 's Rapid Transit Construction Company was awarded the rights to build the railway line in 1900, outbidding Andrew Onderdonk . The Manhattan Railway Company was the operator of four elevated railways in Manhattan with an extension into the Bronx . On April 1, 1903, over

2880-586: The Nassau County border, such as Laurelton and Cambria Heights , which have large Black populations whose family income is higher than average. The migration of European Americans from parts of Queens has been long ongoing with departures from Ozone Park, Woodhaven, Bellerose, Floral Park, and Flushing (most of the outgoing population has been replaced with Asian Americans). Neighborhoods such as Whitestone, College Point, North Flushing, Auburndale, Bayside, Middle Village, and Douglaston–Little Neck have not had

2960-686: The Private Company Counsel division of the Financial Accounting Standards Board . Researching private companies and private companies' financials in the United States can involve contacting the secretary of state for the U.S. state of incorporation (or for LLC or partnership, state of formation), or using specialized private company databases such as Dun & Bradstreet . Other companies, like Sageworks , provide aggregated data on privately held companies, segmented by industry code. By contrast, in

3040-502: The United Kingdom, all incorporated companies are registered centrally with Companies House . Privately held companies also sometimes have restrictions on how many shareholders they may have. For example, the U.S. Securities Exchange Act of 1934 , section 12(g), limits a privately held company, generally, to fewer than 2000 shareholders, and the U.S. Investment Company Act of 1940 , requires registration of investment companies that have more than 100 holders. In Australia, section 113 of

3120-605: The United States but not generally in the United Kingdom , the term is also extended to partnerships , sole proprietorships or business trusts . Each of those categories may have additional requirements and restrictions that may impact reporting requirements, income tax liabilities, governmental obligations, employee relations, marketing opportunities, and other business obligations and decisions. In many countries, there are forms of organization that are restricted to and are commonly used by private companies, for example,

3200-808: The United States had higher rates of diversity, Queens was the United States' most diverse populous county. In Queens, approximately 48.5% of the population was foreign born as of 2010. Within the foreign born population, 49.5% were born in Latin America , 33.5% in Asia, 14.8% in Europe, 1.8% in Africa, and 0.4% in North America. Roughly 2.1% of the population was born in Puerto Rico , a U.S. territory, or abroad to American parents. In addition, 51.2% of

3280-536: The airport on July 17, 1996, and exploded in midair off the coast of Long Island, killing all 230 on board the Boeing 747 . American Airlines Flight 587 took off from the latter airport on November 12, 2001, but ended up crashing in Belle Harbor , killing all 260 on board and five people on the ground. In late October 2012, much of Breezy Point was damaged by a massive six-alarm fire caused by Hurricane Sandy ,

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3360-510: The borough were Hispanic and Latin Americans (28.2%), and Asians (26.0%). In Queens, residents consisted of 6.2% under 5, 13.9% 6–18, 64.2% 19–64, and 15.7% over 65. Females made up 51.5% of the population. An estimated 47.5% of residents are foreign-born in 2018. The per capita income was $ 28,814, and the median household income was $ 62,008. In 2018, 12.2% of residents lived below the poverty line. The New York City Department of City Planning

3440-661: The capture of the colony by the English and its subsequent renaming as New York in 1664, the area (and all of Long Island) became known as Yorkshire . The Flushing Remonstrance signed by colonists in 1657 is considered a precursor to the United States Constitution 's provision on freedom of religion in the Bill of Rights . The signers protested the Dutch colonial authorities' persecution of Quakers in what

3520-619: The channel had been when the consolidation law was written in 1894. The surveyors did so in part by speaking with local fishermen and oystermen who knew the area well. From 1905 to 1908, the Long Island Rail Road in Queens became electrified. Transportation to and from Manhattan , previously by ferry or via bridges in Brooklyn, opened up with the Queensboro Bridge finished in 1909, and with railway tunnels under

3600-410: The city's total Ecuadorian population, for a total of 101,339. Queens has the largest Peruvian population in the city, accounting for 69.9% of the city's total Peruvian population, for a total of 30,825. Queens has the largest Salvadoran population in the city, accounting for 50.7% of the city for a total population of 25,235. The Mexican population in Queens has increased 45.7% since 2011 to 71,283,

3680-430: The construction of a new one. In 1870, Long Island City split from the Town of Newtown, incorporating itself as a city, consisting of what had been the village of Astoria and some unincorporated areas within the town of Newtown. Around 1874, the seat of county government was moved to Long Island City from Mineola. On March 1, 1860, the eastern border between Queens County (later Nassau County) and Suffolk County

3760-535: The county in 2010 was 39.7% White , 19.1% Black or African American , 0.7% Native American , 22.9% Asian , 0.1% Pacific Islander , 12.9% from other races , and 4.5% from two or more races. A total of 27.5% of the population were Hispanic or Latin American of any race. The non-Hispanic white population was 27.6%. In 2019, non-Hispanic whites made up an estimated 24.4% of the population, and Blacks or African Americans were 17.3%. The largest minority groups for

3840-510: The county seat, though county offices now extend to nearby Kew Gardens also. In 1899, New York City conducted a land survey to determine the exact border of Queens between the Rockaways and Lawrence . This proved difficult because the border was defined as "middle of the channel between Rockaway Beach and Shelter Island" (now called Long Beach Island), and that particular channel had closed up by 1899. The surveyors had to determine where

3920-459: The current subway system) are now the A Division or IRT Division of the Subway. The first IRT subway ran between City Hall and 145th Street at Broadway , opening on October 27, 1904. It opened following more than twenty years of public debate on the merits of subways versus the existing elevated rail system and on various proposed routes. Founded on May 6, 1902, by August Belmont, Jr. ,

4000-538: The eight-county area consisting of the Five Boroughs and Westchester , Nassau , and Suffolk counties. Russian-speaking Jews make up 28% of the Jewish population in Queens, the largest in any of the eight counties. In Queens, the Black and African American population earns more than non-Hispanic whites on average. Many of these Blacks and African Americans live in quiet, middle-class suburban neighborhoods near

4080-558: The general public. In countries with public trading markets, a privately held business is generally taken to mean one whose ownership shares or interests are not publicly traded. Often, privately held companies are owned by the company founders or their families and heirs or by a small group of investors. Sometimes, employees also hold shares in private companies. Most small businesses are privately held. Subsidiaries and joint ventures of publicly traded companies (for example, General Motors ' Saturn Corporation ), unless shares in

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4160-639: The historical (such as the John Bowne House ) to the scientific (such as the New York Hall of Science ), from conventional art galleries (such as the Noguchi Museum ) to unique graffiti exhibits (such as 5 Pointz ). Queens's cultural institutions include, but are not limited to: The travel magazine Lonely Planet also named Queens the top destination in the country for 2015 for its cultural and culinary diversity. Stating that Queens

4240-488: The home of such notable artists as Tony Bennett , Francis Ford Coppola , Paul Simon , and Robert Mapplethorpe . Queens Poet Laureates (generally, 3-year appointments): Queens has notably fostered African American culture , with establishments such as The Afrikan Poetry Theatre and the Black Spectrum Theater Company catering specifically to African Americans in Queens. In the 1940s, Queens

4320-489: The immediate erosion of customer and stakeholder confidence in the event of financial duress. Further, with limited reporting requirements and shareholder expectations, private firms are afforded a greater operational flexibility by being able to focus on long-term growth rather than quarterly earnings. In addition, private company executives may steer their ships without shareholder approval, which allows them to take significant action without delays. In Australia, Part 2E of

4400-518: The largest Asian ethnicity (10.9%) followed by Asian Indians (5.7%). Asian Indians had estimated population of 144,896 in 2014 (6.24% of the 2014 borough population), as well as Pakistani Americans , who numbered at 15,604. Queens has the second largest Sikh population in the nation after California . Among the Hispanic or Latin American population, Puerto Ricans made up the largest ethnic group at 4.6%, next to Mexicans , who made up 4.2% of

4480-481: The largest ethnic group at 10.2% of Queens' population, with about 237,484 people; the other East and Southeast Asian groups are: Koreans (2.9%), Filipinos (1.7%), Japanese (0.3%), Thais (0.2%), Vietnamese (0.2%), and Indonesians and Burmese both make up 0.1% of the population. People of South Asian descent made up 7.8% of Queens' population: Indians (5.3%), Bangladeshi (1.5%), Pakistanis (0.7%), and Nepali (0.2%). In 2019, Chinese Americans remained

4560-708: The largest fire of residential homes in FDNY history, destroying 126 homes in an area where every building was damaged by either water, wind or the resulting fires. Queens is located on the far western portion of geographic Long Island and includes a few smaller islands, most of which are in Jamaica Bay , forming part of the Gateway National Recreation Area , which in turn is one of the National Parks of New York Harbor. According to

4640-458: The new borough. The areas of Queens County that were not part of the consolidation plan, consisting of the towns of North Hempstead and Oyster Bay, and the major remaining portion of the Town of Hempstead, remained part of Queens County until they seceded to form the new Nassau County on January 1, 1899. At this point, the boundaries of Queens County and the Borough of Queens became coterminous . With consolidation, Jamaica once again became

4720-410: The population was born in the United States. Approximately 44.2% of the population over 5 years of age speak English at home; 23.8% speak Spanish at home. Also, 16.8% of the populace speak other Indo-European languages at home. Another 13.5% speak a non-Indo-European Asian language or language of the Pacific Islands at home. Among the Asian population in 2010, people of Chinese ethnicity made up

4800-421: The population was claimed as members by religious congregations, although members of historically African American denominations were underrepresented due to incomplete information. In 2014, Queens had 738 religious organizations, the thirteenth most out of all U.S. counties. Queens has been the center of the punk rock movement, particularly in New York; Ramones originated out of Forest Hills, it has also been

4880-466: The population, and Dominicans at 3.9%. Central Americans made up 2.4% and are mostly Salvadorans . South Americans constitute 9.6% of Queens's population, mainly of Ecuadorian (4.4%) and Colombian descent (4.2%). The 2019 American Community Survey estimated Mexicans and Puerto Ricans were equally the largest groups (4.5% each) in Queens, and Cuban Americans were the third largest single group. Other Hispanic and Latinos collectively made up 18.9% of

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4960-408: The population. The Hispanic or Latino population increased by 61% to 597,773 between 1990 and 2006 and now accounts for over 26.5% of the borough's population. Queens has the largest Colombian population in the city, accounting for over 35.6% of the city's total Colombian population, for a total of 145,956 in 2019; it also has the largest Ecuadorian population in the city, accounting for 62.2% of

5040-498: The region was the Dutch , who established the colony of New Netherland . The first settlements were established in 1635 followed by further settlement at Maspeth in 1642 (ultimately unsuccessful), and Vlissingen (now Flushing ) in 1645. Other early settlements included Newtown (now Elmhurst ) in 1652 and Jamaica in 1655. However, these towns were mostly inhabited by English settlers from New England via eastern Long Island ( Suffolk County ) who were subject to Dutch law. After

5120-518: The rest of the IRT since 1942, when service on the Second Avenue El was discontinued. It is connected to the BMT and the rest of the system via the BMT Astoria Line on the upper level of the Queensboro Plaza station. Source: Trunk lines include: Branch lines include: There were three Brooklyn lines built by the IRT: The only line in Queens is the Flushing Line ( 7   <7> ​ trains), under 50th Avenue, and over Queens Boulevard and Roosevelt Avenue . (of

5200-786: The second-highest in the city, after Brooklyn. Queens is also home to 49.6% of the city's Asian population. Among the five boroughs, Queens has the largest population of Chinese , Indian , Korean , Filipino , Bangladeshi and Pakistani Americans . Queens has the largest Asian American population by county outside the Western United States ; according to the 2006 American Community Survey, Queens ranks fifth among US counties with 477,772 (21.18%) Asian Americans, behind Los Angeles County, California , Honolulu County, Hawaii , Santa Clara County, California , and Orange County, California . Some main European ancestries in Queens as of 2000 include: Italian (8.4%), Irish (5.5%), German (3.5%), Polish (2.7%), Russian (2.3%), and Greek (2.0%). Of

5280-637: The subsidiary itself are traded directly, have characteristics of both privately held companies and publicly traded companies. Such companies are usually subject to the same reporting requirements as privately held companies, but their assets, liabilities, and activities are also including the reports of their parent companies , as are required by the accountancy and securities industry rules relating to groups of companies. Private companies may be called corporations , limited companies , limited liability companies , unlimited companies , or other names, depending on where and how they are organized and structured. In

5360-407: The subway. The agreement also locked the subway fare at 5 cents for forty-nine years. The IRT unsuccessfully attempted to raise the fare to seven cents in 1929, in a case that went to the United States Supreme Court . The IRT ceased to function as a privately held company on June 12, 1940, when its properties and operations were acquired by the City of New York. Today, the IRT lines are operated as

5440-593: The towns in existence at the consolidation of the five boroughs into New York City: Long Island City ( ZIP codes starting with 111), Jamaica (114), Flushing (113), and Far Rockaway (116). Also, the Floral Park post office (110), based in Nassau County, serves a small part of northeastern Queens. Each of these main post offices has neighborhood stations with individual ZIP codes, and unlike the other boroughs, these station names are often used in addressing letters. These ZIP codes do not always reflect traditional neighborhood names and boundaries; " East Elmhurst ", for example,

5520-443: The towns of Newtown , Flushing and Jamaica , and that part of the town of Hempstead , in the county of Queens, which is westerly of a straight line drawn through the middle of the channel between Rockaway Beach and Shelter Island , in the county of Queens, to the Atlantic Ocean" was annexed to New York City, dissolving all former municipal governments ( Long Island City , the county government, all towns, and all villages) within

5600-579: The word Private Limited at the end of their names. Privately held companies generally have fewer or less comprehensive reporting requirements and obligations for transparency , via annual reports, etc. than publicly traded companies do. For example, in the United States, privately held companies are not generally required to publish their financial statements . By not being required to disclose details about their operations and financial outlook, private companies are not forced to disclose information that may potentially be valuable to competitors and so can avoid

5680-544: The world's economy . For example, in 2008, the 441 largest private companies in the United States accounted for $ 1.8 trillion in revenues and employed 6.2 million people, according to Forbes . Separately, all non-government-owned companies are considered private enterprises . That meaning includes both publicly traded and privately held companies since their investors are individuals. Private ownership of productive assets differs from state ownership or collective ownership (as in worker-owned companies). This usage

5760-400: The world. With a population of 2,405,464 as of the 2020 census , Queens is the second-most populous county in New York state, behind Kings County (Brooklyn), and is therefore also the second-most populous of the five New York City boroughs. If Queens were its own city, it would be the fourth most-populous in the U.S. after the rest of New York City , Los Angeles , and Chicago . Queens

5840-433: Was 104 °F (40 °C), also on July 3, 1966. LaGuardia Airport's record-low temperature was −7 °F (−22 °C) on February 15, 1943, the effect of which was exacerbated by a shortage of heating oil and coal . John F. Kennedy International Airport's record-low temperature was −2 °F (−19 °C), on February 8, 1963, and January 21, 1985. On January 24, 2016, 30.5 inches (77 cm) of snow fell, which

5920-563: Was alarmed by the negligible reported increase in population between 2000 and 2010. Areas with high proportions of immigrants and undocumented aliens are traditionally undercounted for a variety of reasons, often based on a mistrust of government officials or an unwillingness to be identified. In many cases, counts of vacant apartment units did not match data from local surveys and reports from property owners. As of 2023 , illegal Chinese immigration to New York City, especially to Queens and its Flushing Chinatown , has accelerated. According to

6000-640: Was an important center of jazz ; such jazz luminaries as Louis Armstrong , Charlie Parker , and Ella Fitzgerald took up residence in Queens, seeking refuge from the segregation they found elsewhere in New York. Additionally, many notable hip-hop acts hail from Queens, including Nas , Run-D.M.C. , Kool G Rap , A Tribe Called Quest , LL Cool J , MC Shan , Mobb Deep , 50 Cent , Nicki Minaj , Tony Yayo , Tragedy Khadafi , N.O.R.E. , Lloyd Banks, Capone , Ja Rule , Heems of Das Racist and Action Bronson . Queens hosts various museums and cultural institutions that serve its diverse communities. They range from

6080-399: Was founded alongside Kings County ( Brooklyn , which was named after her husband, King Charles II), and Richmond County ( Staten Island , named after his illegitimate son, the 1st Duke of Richmond ). However, the namesake is disputed. While Catherine's title seems the most likely namesake, no historical evidence of official declaration has been found. On October 7, 1691, all counties in

6160-450: Was largely coined by the USPS and is not an official community. Most neighborhoods have no solid boundaries. The Forest Hills and Rego Park neighborhoods, for instance, overlap. Residents of Queens often closely identify with their neighborhood rather than with the borough or city. The borough is a patchwork of dozens of unique neighborhoods, each with its own distinct identity: At

6240-517: Was redefined with no discernible change. On June 8, 1881, North Brother Island was transferred to New York County . On May 8, 1884, Rikers Island was transferred to New York County. In 1886, Lloyd's Neck, which was then part of the town of Oyster Bay and had earlier been known as Queens Village, was set off and separated from Queens County and annexed to the town of Huntington in Suffolk County. On April 16, 1964, South Brother Island

6320-528: Was the site of the 1939 New York World's Fair and the 1964 New York World's Fair . LaGuardia Airport , established on a site in northern Queens that had been a seaplane base, opened in 1939, named for mayor Fiorello La Guardia , who pushed for the development of a modern airport in New York City. Idlewild Airport, in southern Queens, opened in 1948 on the site of a former golf course and was renamed John F. Kennedy International Airport in 1963. In one of several notable incidents, TWA Flight 800 took off from

6400-479: Was transferred to Bronx County. The New York City borough of Queens was authorized on May 4, 1897, by a vote of the New York State Legislature after an 1894 referendum on consolidation. The eastern 280 square miles (730 km ) of Queens that became Nassau County was partitioned on January 1, 1899. Queens Borough was established on January 1, 1898. "The city of Long Island City ,

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