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Press Release

FOR IMMEDIATE RELEASE
Friday, May 4, 2007


Mayor’s Office of Industrial and Manufacturing Businesses Announces Opening of Maspeth Industrial Business Zone Offices

Offices give City base from which to provide outreach and support to Maspeth industrial and manufacturing firms

The Mayor’s Office of Industrial & Manufacturing Businesses today announced the opening of the offices of the Maspeth Industrial Business Zone, located at 55-30 58 Street in Maspeth Queens. The announcement was made at a breakfast hosted by the State Bank of Long Island and Assemblywoman Catherine Nolan.

"The opening of the Maspeth Industrial Business Zone office will give us a local base from which to provide outreach and support to Maspeth industrial and manufacturing firms," said Carl Hum, Director of the Mayor’s Office of Industrial and Manufacturing Businesses. "Our local manufacturing industry supports jobs for nearly 500,000 New Yorkers, making up nearly 15% of the city’s workforce, and we look forward to nurturing and expanding this valuable sector in Maspeth."

"As the sponsor of the legislation which resulted in the creation of the IBZ programs, I am proud that the Maspeth Industrial Business Zone office will open," said Assemblywoman Catherine Nolan. "It is a huge asset for Queens.  Not only will the zone attract new business but it will give existing businesses access to centralized services and a place where they can obtain answers to a myriad of problems from parking issues to graffiti."

"As a financial provider for the Maspeth community, State Bank of Long Island is proud to welcome the IBZ to our area," said President & CEO Thomas O'Brien. "We look forward to partnering with and supporting the IBZ in order to provide assistance to industrial and manufacturing businesses in the Maspeth area."

The Maspeth Industrial Business Zone was officially designated by the City’s Industrial Business Zone Commission in April 2006. The City offers industrial and manufacturing firms which locate within any of the City’s 16 Industrial Business Zones a one-time tax credit of $1,000 per relocated employee.

Industrial Business Solutions Providers operate in each Industrial Business Zone to offer free, quick and reliable assistance on a broad range of business matters affecting industrial businesses, including how to find help to finance expansions and navigate government regulations. Industrial Business Solutions Providers also ensure a welcoming, business-friendly and productive physical environment. This can include addressing problems such as illegal dumping, graffiti and public safety. To launch the services of the Maspeth Industrial Business Zone earlier this week, the New York City Economic Development Corporation Area Maintenance Program – which works to make industrial areas cleaner, safer and more viable business environments -- removed nearly 14,000 square feet of graffiti along Grand Avenue in Maspeth.

The Bloomberg Administration has guaranteed not to support the rezoning of industrial property for residential use within the Industrial Business Zones, alleviating real estate uncertainty.



  Contact:
Kara Alaimo
212-513-6318