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Small Business Services Directory
The Bronx Overall Economic Development Corporation (BOEDC), the administrator of the Bronx Empowerment Zone (EZ), offers two loan programs for qualified Bronx Empowerment Zone companies. Both programs offer loans at a very low interest rate and long terms in return for the borrowers commitment to hire Bronx Empowerment Zone residents. The Business Assistance Initiative (BAI) can generally lend up to $1 million to finance up to half of a project's cost. The EZ Loan Fund can finance up to 80% of a project's cost up to loans of $200,000.
The Brooklyn Army Terminal [BAT]/NY City Biosciences Initiative is in the process of developing near term space for research, laboratory and bio-manufacturing uses. Located along the Brooklyn waterfront - at 140 58th Street and 1st Avenue in the Sunset Park section of Brooklyn - with easy access to Manhattan, Phase I at BAT will be anchored by several academic research and commercial bioscience operations. Phase I is the conversion of 300,000 square feet for research and bio-manufacturing space. Further expansion space exists at the 4.0 million square foot complex. Current tenants include clinical testing laboratories. BAT is located within an Empire Zone which provides certain as-of-right tax benefits.
The Brooklyn Navy Yard is a 300-acre 3.5 million square foot industrial park on the waterfront, currently housing aound 250 small and medium-sized businesses. It offers reasonable rents for prime city real estate ranging from $8 to $20 a square foot, in spaces from 500 to 100,000 square feet. Available spaces are in well-maintained, single and multi-storied buildings with elevator accessibility. Benefits include: self-contained business community with 24-hour security; NY State Empire Zone tax abatements; and an Employment Center to help business find qualified employees.
Through this program owners or developers of manufacturing facilities may finance the acquisition of buildings and equipment, renovation and construction.
The East Brooklyn In-Place Industrial Park [IPIP] covers 120 acres near the eastern boundary of Brooklyn, within the communities of East New York and Brownsville. There are 100 businesses in the park, including metal fabricators, furniture manufacturers, wholesale distributors of durable goods, and manufacturers of non-ferrous metals. Liaison services between area businesses and city agencies are also available. The IPIP is located in The East Brooklyn Economic Development Zone and standard EDZ benefits- tax and utility savings- are available. The IPIP is contiguous with a New York City Business Improvement District [BID].
Companies developing facilities on publicly-owned docks and wharves or developing solid waste recycling facilities can access triple tax-exempt bond financing. Reductions in mortgage recording and sales taxes may also be available. Private companies developing transportation or related facilities located on docks and wharves or solid waste recycling facilities are eligible to use triple tax-exempt bonds to finance the construction, renovation and equipping costs associated with these projects. Recycling companies may also be able to use triple tax-exempt bond financing for site acquisition.
The Office of Government and General Contracting's mission is to help enhance the effectiveness of small business programs by working with Government Contracting and Business Development (GC/BD) program offices and others to develop policies, regulations, and statutory changes. GCBD helps small businesses achieve success by providing information and procurement assistance. It administers a number of programs that focus on specific business needs: SBIR/STTR Technology; Goaling; Tech-Net; and Sub-Net.
The Harlem Business Alliance has developed cohesive public/private partnerships to assist existing and emerging businesses, community residents, and youth.The organization serves as an advocate for the preservation and retention of Harlem's business community. HBA sponsors a number of programs and events. Among them: the 125th St. Pilot Retail Incentive Program, the HBA Business Plan Competition, a free Legal Advice Program, and the HBA Merchant Loan Program. One-to-One business counseling services are also available.
The Industrial and Commercial Abatement Program [ICAP] provides abatements for real property taxes for varying periods up to 25 years. Eligible industrial and commercial buildings must be built, modernized, expanded, or otherwise physically improved.
NYC Industrial Development Assistance programs provide companies with access to triple tax-exempt bond financing or tax benefits to acquire or create capital assets, such as purchasing real estate, constructing or renovating facilities, and acquiring new equipment. NYCIDA can offer expertise in a variety of bond programs, incentive programs and negotiated incentives.