FOR IMMEDIATE RELEASE

KEN COLAO, PRESIDENT AND CO-FOUNDER
CNY GROUP, NAMED EY’s “ENTREPRENEUR OF THE YEAR 2017”
FOR NEW YORK

L to R: Ken Colao, president of CNY Group; Dustin Gibson, senior manager, EY

New York, New York – June 28, 2017 – EY announced on Thursday, June 22nd that Kenneth Colao, president and co-founder of leading New York-based construction management firm CNY Group, received the Entrepreneur Of The Year® 2017 Award in the Real Estate, Hospitality and Construction category in New York. The award recognizes entrepreneurs who are exceling in areas such as innovation, financial performance and personal commitment to their businesses and communities. Mr. Colao was selected by an independent panel of judges, and the award was presented to winners in all categories at an exclusive gala held at the Marriott Marquis last week.

“It is an incredible honor to be named EY’s New York Entrepreneur of the Year for the real estate, hospitality and construction category,” said Mr. Colao, whose company is currently working for some of Manhattan’s most active and well-known developers. Projects include the construction of a Marriott Edition hotel at 20 Times Square; conversion of the top 30 floors of the historic Woolworth Building into luxury residences; and the transformation of Tammany Hall into high-end office space. “CNY has earned a strong reputation for leadership, expertise, integrity and innovation. It is so gratifying that our achievements — including surmounting challenges in the aftermath of 9/11–have been recognized as best in New York by such a prestigious global organization as EY.”

As a New York award winner, Mr. Colao is now eligible for consideration for the Entrepreneur Of The Year 2017 national program. Award winners in several national categories, as well as the Entrepreneur Of The Year National Overall Award winner, will be announced at the Entrepreneur Of The Year National Awards gala in Palm Springs, California, on November 18, 2017. The awards are the culminating event of the Strategic Growth Forum™, the nation’s most prominent gathering of high-growth, market-leading companies.

About CNY Group
CNY Group is a market-focused, client-driven leader and innovator in open shop construction of large-scale and high-rise developments, complex renovations and build-outs of sustainable and uniquely designed spaces. The family-owned company is based in New York City and provides construction management at-risk (CMAR), design assist and advisory services with a collaborative, open forum style of management. Its success is deeply rooted in creating value for its clients during the design and construction process and enhancing the vision and economics of its projects. For more information, visit www.cnygroup.com.

About Entrepreneur Of The Year®
Entrepreneur Of The Year®, founded by EY, is the world’s most prestigious business awards program for entrepreneurs, chosen from an independent panel of judges including entrepreneurs and prominent leaders from business, finance, and the local community. The program makes a difference through the way it encourages entrepreneurial activity among those with potential and recognizes the contribution of people who inspire others with their vision, leadership and achievement. As the first and only truly global awards program of its kind, Entrepreneur Of The Year celebrates those who are building and leading successful, growing and dynamic businesses, recognizing them through regional, national and global awards programs in more than 145 cities in more than 60 countries. www.Ey.com/eoy

About EY
EY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services delivered help build trust and confidence in the capital markets and in economies the world over. EY develops outstanding leaders who team to deliver on promises to all of stakeholders. EY refers to the global organization, and may refer to one or more of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. For more information: www.ey.com.

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CONTACT:
CNY Group
214 West 39th Street
New York, NY 10018

Rubenstein
Melanie Keenan
mkeenan@rubenstein.com
212 843-8092

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