City's land sale grows Bronx door manufacturer.Mayor Rudolph W. Giuliani has announced that ABCO ABCO Angelo Brothers Company Fire Door Company Inc. has purchased approximately 16,000 square feet of City-owned property in the Bathgate Industrial Park in The Bronx to accommodate the growth of its manufacturing business. ABCO manufactures and distributes commercial fireproof fire·proof adj. Impervious or resistant to damage by fire. tr.v. fire·proofed, fire·proof·ing, fire·proofs To make fireproof. Verb 1. metal doors. The land sale, which was negotiated by the New York City Economic Development Corporation Overview New York City Economic Development Corporation (NYCEDC) is a non-profit local development corporation that promotes economic growth across New York City's five boroughs. (EDC EDC See: Export Development Corp. ) on behalf of the City, will enable ABCO to add approximately 15 new jobs over the next few years to its current 42-person workforce. It will also allow the company to increase its production by 50 percent to keep up with the increasing demand for its products. This will be ABCO's fourth expansion. The newly acquired site is located on Bathgate Avenue, across the street from ABCO's existing 50,000 square-foot manufacturing facility on Third Avenue. The company plans to construct and equip e·quip tr.v. e·quipped, e·quip·ping, e·quips 1. a. To supply with necessities such as tools or provisions. b. an additional 15,000 square-foot manufacturing facility. The expansion is estimated to cost $1.2 million. Construction is expected to begin this fall and to take approximately six months to complete. "Manufacturing remains an important sector in our local economy and manufacturing companies are expanding all over the City," said Mayor Giuliani. "These companies are increasingly tapping into New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of City's vital resources. I applaud companies like ABCO that continue to bring jobs and revenue into the community by delivering high-quality products." A family-run business, ABCO was founded by William Schwartz William Schwartz (born 1933) is an American law professor and corporate director. He is corporate director of Viacom, a professor of property law at Yeshiva University's Cardozo School of Law, and of counsel to of Cadwalader, Wickersham & Taft, a law firm in New York City. , a Romanian immigrant who worked for several similar com panics before starting his own business in the early 1980's. His wife Freda and two sons, Israel and David, are all active in the company. "We are very pleased that we are able to once again expand our business and stay here in The Bronx," said William Schwartz. ABCO president. "We believe that with its access to major thoroughfares and the availability of a quality workforce from nearby neighborhoods, Bathgate Industrial Park will continue to contribute to the success of our company." Bathgate Industrial Park, a modern industrial complex that occupies 21.5 acres, combines the advantages of a well-supervised suburban industrial park with a prime urban location. It is home to approximately 105 industrial companies that employ more than 2,100 workers. Only two sites in the park remain vacant, and the City is working with potential tenants for both. |
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