Seedco, Alliance expanding programs for firms impacted by 9/11.Seedco and 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 announced that they are extending their partnership to assist small service firms affected by the Sept. 11 World Trade Center attacks. The program will be the first large-scale, non-profit relief effort targeted at small service businesses located on or below Chambers Street Chambers Street is a street in Edinburgh, Scotland, at south of the Old Town. The street is named after William Chambers of Glenormiston, the Lord Provost of Edinburgh who was the main proponent of the 1867 Edinburgh Improvement Act, which gave permission for the street's with ten or fewer employees. The program will target former tenants of the World Trade Center and Frozen Zone * service businesses, including small financial firms, medical offices, travel agents, architects, and staffing agencies that are willing to reopen in the Downtown area. Other service businesses located on or below Chambers Street will also be eligible. This new initiative is a part of the overall 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 Small Business and Workforce Retention Project (LMSB&WRP WRP Wetland Reserve Program WRP Workforce Recruitment Program WRP Workers Revolutionary Party WRP Windows Resource Protection (Microsoft Windows Vista) WRP Wetlands Restoration Program WRP Work Restriction Protection ), which was created in partnership with the Downtown Alliance in the immediate aftermath of the Sept. 11 disaster. LMSB&WRP has already served nearly 500 small retailers and manufacturers in Lower Manhattan. "This initiative is a part our overall commitment to businesses in Lower Manhattan -- particularly those most directly affected by Sept. 11," said Carl Weisbrod, president of the Downtown Alliance. "These businesses deserve our support and their economic health is important to the revitalization re·vi·tal·ize tr.v. re·vi·tal·ized, re·vi·tal·iz·ing, re·vi·tal·iz·es To impart new life or vigor to: plans to revitalize inner-city neighborhoods; tried to revitalize a flagging economy. of Downtown." Seedco and the Downtown Alliance are now able to expand their coverage to these small non-retail businesses due to a recent infusion of $12.3 million in new funding from The September 11th Fund The September 11th Fund was created by the New York Community Trust [1] and the United Way of New York City[2] in response to the destruction of the World Trade Center on 9/11/2001. , a project of United Way of New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. and The New York Community Trust New York Community Trust was founded in 1924 by a group of New York bankers. It is one of the oldest and largest community foundations in the United States with 2006 assets of over $1.9 billion. , which has so far spent $34 million helping small businesses and nonprofits directly affected by the tragedy. The fund's latest grant brings the total funding of the LMSB&WRP to $29 million, of which approximately 85 percent has been raised from private donations. The aid package consists of: * Grants of up to $50,000 for businesses located in the World Trade Center and Frozen Zone, and $25,000 for other businesses located on or below Chambers Street, to help offset physical losses. * Low interest loans of up to $100,000 to help businesses rebuild. * Wage subsidies, offered through Seedco's subsidiary employment service business, the EarnFair[R] LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , to prevent layoffs and encourage reemployment of lower-wage workers (earning less than $12 per hour). * Technical assistance to help employers cope with the disaster and plan for the future. In addition to the Micro Service Business Initiative, Seedco continues to offer the following programs for other different geographic and industry sectors: * The Small Retail and Manufacturing Initiative helps businesses located on or below Canal Street Canal Street may refer to:
* The Pepsico Small Grocer Initiative assists small grocery businesses located on or below Houston Street that employ 50 or fewer workers. Businesses include convenience stores The following is a list of convenience stores organized by geographical location. Stores are grouped by the lowest heading that contains all locales in which the brands have significant presence. , newsstands, delis, pizza parlors, etc. It is carried out in partnership with the Downtown Alliance, Lower East Side BID and Henry Street Settlement House. * The Small Garment Manufacturing Initiative assists the 15,000 garment workers in the Chinatown area by providing wage subsidies to garment manufacturers with fewer than 100 workers. The geographic boundaries are as follows: Houston Street to the North, Broadway to the West, Worth Street and East Broadway to the South, and Allen Street to the East. This program is being run with the Garment Industry Development Corporation and the Consortium for Worker Education. Businesses interested in receiving help should call 866-4-SEEDCO (866-473-3326). * Frozen Zone borders are as shown in the Mayor's Office of Emergency Management April 1 Prohibited Zone Map. |
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