City launches power program.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. ) president Andrew M. Alper announced the launch of 'Power Downtown,' a three-year electricity discount program created by the City of 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 and Con Edison to help small businesses hurt by the World Trade Center disaster. EDC will manage the program on behalf of the City. Non-retail businesses in lower Manhattan Lower Manhattan is the southernmost part of the island of Manhattan, the main island and center of business and government of the City of New York. Lower Manhattan is generally defined as the area delineated on the north by Chambers Street, on the west by the Hudson River (North that. qualified for the City's and State's Business Recovery Grants and/or the Small Firm Attraction and Retention Grants are eligible for the program. "Small businesses play a crucial role in the lower Manhattan business community," said EDC President Alper. "The City continues to find ways to help these businesses recover from the terrible tragedy of Sept. 11. 'Power Downtown' is another important program intended to help more than 2,300 qualified businesses reduce their electricity costs by as much as 15% for three year." 'Power Downtown' reduces electricity costs by about $1 per SF of space occupied during the three years of the program. Businesses must be located on or south of Houston Street in lower Manhattan and have electricity usage between 10 and 400 kilowatts. Businesses that receive electricity through their landlords will have to obtain cooperation from them to participate in the program. "Con Edison is committed to fostering economic growth in the city and we believe that our support of this program will help ensure the long-term vitality vi·tal·i·ty n. 1. The capacity to live, grow, or develop. 2. Physical or intellectual vigor; energy. of lower Manhattan. Linking Con Edison's business, incentive rates to governmental programs for businesses affected by the disaster will help to facilitate the full recovery of the downtown area," said Kevin Burke Kevin Burke is an Irish fiddler. He was born in London to parents from County Sligo in 1950. He took up the fiddle at age eight, eventually acquiring a virtuosic technique in the Sligo fiddling style. , Con Edison's president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. . EDC will soon notify businesses qualified for this program. Business owners who have any questions or need further assistance can contact 'Power Downtown' representatives at (866) 227-0458,: or visit EDC's website at www.newyorkbiz.com. Business owners can also obtain more information and drop off applications at the City and State Business Assistance Centers in lower Manhattan. Copies of recent electric bills must be included with the application. The City's World Trade Center Business Rebuilding Center is located at 140 William St. and the State's World Trade Center Business Recovery Center is located at 2 Rector RECTOR, Eccl. law. One who rules or governs a name given to certain officers of the Roman church. Dict. Canonique, h.v. St. Both centers are open Monday, Tuesday, Thursday and Friday from 9 a.m. to 5 p.m. and on Wednesdays from 9 a.m. to 8 p.m., and offer assistance in multiple languages. |
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