Port Authority offers free rent to foreign firms.Foreign-based firms will be encouraged to enter the American marketplace with minimal start-up costs through a pilot program being established at the World Trade Center 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 Port Authority will provide quaIifled foreign companies with rent-free, fully furnished fur·nish tr.v. fur·nished, fur·nish·ing, fur·nish·es 1. To equip with what is needed, especially to provide furniture for. 2. offices at the World Trade Center for up to six months under a two-year business 'incubator' program authorized au·thor·ize tr.v. au·thor·ized, au·thor·iz·ing, au·thor·iz·es 1. To grant authority or power to. 2. To give permission for; sanction: by the bi-state agency's Board of Commissioners. If the firms determine within two years that the climate is right for them, they would be obligated ob·li·gate tr.v. ob·li·gat·ed, ob·li·gat·ing, ob·li·gates 1. To bind, compel, or constrain by a social, legal, or moral tie. See Synonyms at force. 2. To cause to be grateful or indebted; oblige. to rent space a! the World Trade Center. Companies will be eligible to participate in this program following a detailed screening process that will determine their potential for expanding their businesses in the New York-New Jersey region. Recruitment will be done by the Port Authority's foreign trade and business development offices in London and Tokyo. In addition to the free rent, other support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services will be available. |
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