EDC joins downtown advertising campaign.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. and Empire State Development are joining the Alliance for Downtown 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 the City's Department of Small Business Services to sponsor an advertising campaign to promote the advantages of locating smaller 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 . The ads emphasize that Downtown Manhattan, which offers lower commercial rent rates than Midtown mid·town n. A central portion of a city, between uptown and downtown. midtown Noun US & Canad the centre of a town , is rapidly being revitalized with ongoing improvements to transportation, new housing, cultural venue, parks and other public open spaces. Benefits currently available make the lower rents even more attractive. One of the benefits, the Small Firm Attraction and Retention Grant program, is scheduled to expire December 31. "With rents at historically low rates and an attractive inventory of quality office space, now is an excellent time for smaller companies and not-for-profit organizations to look into locating to or renewing leases in Lower Manhattan," said EDC EDC See: Export Development Corp. President Andrew M. Alper. "Companies that qualify for grants and other benefits will find the area especially cost effective. Benefits currently available can drive the already low rates down by as much as $10 per square foot." The SFARG program provides grants to companies that locate 200 or fewer employees south of Canal Street Canal Street may refer to:
The SFARG program is funded by appropriations from the U.S. Department of Housing and Urban Development and was established to encourage businesses to remain or move to Lower Manhattan after Sept. 11, 2001. |
|
||||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion