Seedco, Alliance for Downtown to help small businesses.Seedco, a non-profit national intermediary, 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 last week that they are extending their partnership to assist small service firms affected by the 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 St. 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 re·o·pen tr. & intr.v. re·o·pened, re·o·pen·ing, re·o·pens 1. To open or be opened again: Officials reopened the airport after the snow was cleared. Schools reopen in September. in the Downtown area. Other service businesses located on or below Chambers St. 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. The program was created in partnership with the Downtown Alliance in the immediate aftermath of the Sept. 11. 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 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 September 11th," said Carl Weisbrod, president of the Downtown Alliance. 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. . The Fund 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. Approximately 85% has been raised from private donations. "We are estimating that we will be able to provide resources to between 400 and 600 micro service businesses with this new infusion of the September 11th Fund and other private resources," said William Grinker, Seedco's president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . Thus far Seedco has committed more than $15 million to help sustain small business in Lower Manhattan. Awards average approximately $32,000 per business. "Our work with small retailers and manufacturers is teaching us that the combined impact of complementary forms of assistance tailored to the needs of a particular business, significantly improves the likelihood of long-term sustainability," Grinker noted. |
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