FOR IMMEDIATE RELEASE
April 6, 2006
MAYOR MICHAEL R. BLOOMBERG APPLAUDS RATIFICATION OF SIXTEEN INDUSTRIAL BUSINESS ZONES
“New York City remains an attractive place for manufacturing and industrial firms to invest and create jobs, and the Industrial Business Zone Boundary Commission’s ratification of sixteen IBZs across the City marks a major milestone in our effort to retain and grow this important sector as part of our five-borough economic development strategy. These Zones, from Bathgate in the Bronx to Steinway in Queens to Sunset Park in Brooklyn, will be safe havens for manufacturing and industrial firms that have been affected by real estate pressures brought on by a booming market and ensuing speculation.
“Moreover, the relocation tax credits and on-the-ground business advocacy services that the IBZs will provide will ensure that New York City will remain a viable place for manufacturing and industrial firms for decades to come. I want to congratulate the Commission for their work, and Carl Hum, Director of the Mayor’s Office of Industrial and Manufacturing Businesses, who has led this effort since we announced our comprehensive industrial policy in January 2005. I also want extend a special thanks to Assemblymember Catherine Nolan, who helped make the Industrial Business Zones a reality by sponsoring and guiding the legislation that calls for the their creation through the State Legislature last June.”
For more information and maps of the IBZs, log on to www.nyc.gov/imb.
Stu Loeser/Jennifer Falk (212) 788-2958