BY JACKIE STRAWBRIDGE
Industrial and manufacturing businesses in Long Island City received more than $100,000 in funding for services and financial assistance, officials announced Monday.
Secured in part by Councilman Jimmy Van Bramer (D-Sunnyside), the funding represents a 25 percent increase for the Long Island City Industrial Business Zone from last year.
The City established the Industrial Business Zone program in 2006, designating certain highly-productive manufacturing regions for special support, in partnership with local development groups known as Solutions Providers. The Long Island City Partnership – which also administers the area’s Business Improvement District – is the Solutions Provider for this IBZ.
“[Our job is] to provide business assistance – help connect businesses to everything from incentives and financing, to workforce training grants, to energy efficiency, to helping them with operational issues,” LIC Partnership president Elizabeth Lusskin said.
More specifically, the funding could allow the Partnership to interface with local banks to connect businesses with private financing, or work with City agencies to clear up busy commercial corridors, Lusskin offered as examples.
For Van Bramer, the expanded funding represents a commitment to the health of the local economy.
“By nurturing Long Island City’s industrial business zone we are strengthening our local economy and laying the ground work that allows small businesses to continue hiring locally,” Van Bramer said in a statement.
Reach Jackie Strawbridge at (718) 357-7400, Ext. 128, email@example.com or @JNStrawbridge.