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REBNY committee to meet with NYC on economic agenda.

The Real Estate Board of New York has created a new Economic Development Committee in an effort to bring together real estate and business leaders with city government officials and develop strategies to lift New York City out of its current economic slump.

Chaired by Bruce E. Mosler, chairman of Riverbank Realty Company, this new committee has already begun to meet and work with Deputy Mayor Barry Sullivan and other city officials to develop an agenda that will promote growth not only in the real estate industry, but in all segments of the city's business community.

Steven Spinola, president of the Real Estate Board, said: "Our plan is for this committee to interact with city government on a consistent, on-going basis. Rather than promoting a limited, short-term agenda, we will provide an avenue for regular communication between the City and the business community.

"In some cases," said Mosler, "our members may be able to act as an 'early warning' system, alerting the City about businesses that are preparing to leave town. In others, we may be able to work with city officials and lend our professional expertise to efforts to retain and attract businesses."

One of the specific areas in which the committee and the City will focus initially is enhancing the program of as-of-right incentives for small businesses -- users of between 1,000 and 100,000 square feet -- to prevent these companies from leaving New York.

"Small business is the foundation of the city's economy," Mosler pointed out. "In these very difficult economic times, we must work together to maintain the strength of this vital sector of our business community."

Other areas on which the Committee will focus include identifying methods of municipal financing through the private sector and a review of those government regulations that place undue and non-productive burdens on business.

Deputy Mayor Sullivan called the formation of this committee "a significant step in building bridges between government and the private sector. Utilizing this private sector perspective and expertise will be extremely valuable to the City's efforts to build our economy.

Spinola pointed out that this committee consists of executives who are familiar not only with real estate development, but with all aspects of New York's business community -- thus bringing a broader perspective to bear on the City's economic problems.

Mosler, chairman and CEO of Riverbank Realty Company, is joined on REBNY's Economic Development Committee by some of the most prominent young executives in New York, including Steven D. Bloom, Esq., Robinson, Silverman, Pearce, Aronsohn & Berman; Jeffrey Brooker, director of the Commercial Real Estate Department, Webb & Brooker; Michael T. Cohen, executive vice president, Williams Real Estate Co., Inc.; William Cohen, executive vice president, Newmark Real Estate Services; Thomas W. Dunlap, III, vice president, Citibank; Debra Fechter, senior vice president, James Felt Realty Services; Kenneth Fisher, partner, Fisher Brothers; Steven Fisher, partner, Fisher Brothers; Robert L. Freedman, vice chairman, Williams Real Estate Co., Inc.; Lizanne Galbreath, vice president, The Galbreath Company; Adame P. Glick, president, The Jack Parker Corporation; Paul Glickman, senior vice president, Riverbank Realty Company; Barry M. Gosin, president, Newmark Real Estate Services; David Greenbaum, president, The Mendik Company; Merle Gross-Ginsburg, Axel Stawski; Veronica Hackett, Hackett Associates, Ltd.
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Title Annotation:Real Estate Board of New York; New York City, New York
Publication:Real Estate Weekly
Date:Oct 7, 1992
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