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NEW YORK BUSINESS LEADERS LAUNCH GUIDE TO REVIVE CITY'S ECONOMY

 NEW YORK BUSINESS LEADERS LAUNCH GUIDE TO REVIVE CITY'S ECONOMY
 NEW YORK, Dec. 3 /PRNewswire/ -- Prominent business leaders and the New York Board of Trade today announced a private sector initiative to encourage economic development in New York City.
 Industry leaders, at a breakfast with city officials, presented the first comprehensive business and market guide to the metropolitan area, a report developed by the business community in conjunction with the Board of Trade. The guide, designed to help revive the city's lagging economy, consolidates key information needed to start a business, expand, invest or relocate in the five boroughs.
 Mayor David Dinkins, City Council President Peter Vallone, Bronx Borough President Fernando Ferrer and representatives from the offices of the City's four other borough presidents attended the meeting, which was hosted by the New York Board of Trade.
 "The 1992 Metropolitan New York Business and Market Guide has been in preparation for more than a year," said Marcia L. Worthing, chairman and CEO of the Board of Trade. "We feel it is a significant step toward strengthening and reinforcing New York's reputation as the business and cultural center of the world."
 The New York Telephone Company, the Brooklyn Union Gas Company, Coopers & Lybrand, the Port Authority of New York and New Jersey joined with the Board of Trade in underwriting the guide, said Worthing.
 More than 100 business men and women contributed industry profiles to the guide, and many of them participated in the meeting, including William Turner, vice chairman, Chemical Bank; Stanley Brezenoff, executive director, Port Authority of New York and New Jersey; Elwin Larson, retired chairman, Brooklyn Union Gas Company and former chairman of the New York Board of Trade and Daniel O'Brien, partner, Coopers & Lybrand.
 The guide, which Worthing said provides a realistic, inside look at how New York City functions, includes facts on the city's economy, its relationship to the international business community, labor, quality of life, media, real estate and transportation.
 Also included are cost of living comparisons and a how-to section on financing, as well as listings of government agencies and private organizations that can help a company locate or expand.
 The guide will be updated and published annually, and is available through the New York Board of Trade.
 -0- 12/3/91
 /CONTACT: Vivienne Smith of the New York Board of Trade, 212-661-6300/ CO: New York Board of Trade ST: New York IN: SU:


TS -- NY001 -- 8699 12/03/91 10:50 EST
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Date:Dec 3, 1991
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