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FOR IMMEDIATE RELEASE
Wednesday, September 5, 2007


NEW YORK CITY DEPARTMENT OF SMALL BUSINESS SERVICES ANNOUNCES RECIPIENTS OF ENERGY COST SAVINGS PROGRAM BENEFITS

Incentive program encourages businesses to relocate to or within New York City or make investments in property, making the City more environmentally efficient

The New York City Department of Small Business Services today announced recipients of benefits through the Energy Cost Savings Program (ECSP). ECSP reduces regulated electricity costs by up to 45 percent and regulated natural gas costs by up to 35 percent for firms which make capital improvements to their property, or relocate to or within New York City. Last year alone, the program approved 100 new businesses for energy benefits valued at more than $2.4 million annually. The benefits last up to 12 years.

"Through the Energy Cost Savings Program, we are not only helping businesses save money and become more competitive, but also investing in the long-term infrastructure of New York City," said Robert Walsh, Commissioner of the Department of Small Business Services. "The program now requires those businesses which produce their own energy by installing co-generation systems to meet emissions tests, making the City more environmentally efficient."

The following companies have recently been approved for ECSP benefits:

Adirondack Chair Co., Inc. - a Long Island City-based furniture company - underwent a $500,000 facility renovation, receiving a 45% reduction on regulated electric costs.

Alle Processing Corp. - a Queens-based manufacturer and distributor of kosher foods – invested over $190,000 in facility renovations, receiving a 45% discount on regulated electricity costs and 35% discount on regulated natural gas costs.

Back to Africa Corp. - a Brooklyn-based manufacturer of body lotion and importer and distributor of ethnic gift items - received a 45% reduction on regulated electricity costs for relocating operations within the City.

Cascon Cheesecake Corp. - a commercial baker of pastries in Queens – made $380,000 in facility improvements, receiving a 45% discount on regulated electricity costs.

Control Electropolishing Corp. -- a Brooklyn-based electro-polishing company – made $60,000 in facility improvements, receiving a 45% discount on regulated electricity costs and a 35% discount on natural gas costs.

DFB Sales - a Long Island City-based manufacturer of fabric wrapped panels – relocated to a building where the property owner invested over $425,000 in facility improvements, receiving a 45% reduction on regulated electricity costs.

Eleni's NYC Inc. - a Long Island City-based manufacturer of baked goods – relocated to a building where the property owner invested over $3 million in facility improvements, receiving a 45% reduction on regulated electricity costs.

Freeda Vitamins, Inc. - a Long Island City-based manufacturer of vitamins – relocated to a building where the property owner invested over $300,000 in facility improvements, receiving a 45% reduction on regulated electricity costs.

Fulton Ferry Liquidators, Inc. - a Brooklyn-based wholesale hardware liquidator – relocated to a building where the property owner invested over $24,000,000 in facility improvements, receiving a 45% reduction on regulated electricity costs.

Helen Uffner Vintage Clothing, LLC – a Long Island City-based warehouse renting vintage clothing to the movie, theater and designer industries – received a 45% reduction on regulated electricity costs for relocating operations within the City.

Maurice Pastry, Inc. and Miss Grimble's Associates, Inc. - wholesale bakeries operating out of the same location in the Bronx -- made $66,000 in facility upgrades, receiving a 45% discount on regulated electrical costs and 35% discount on regulated natural gas costs.

Paper Enterprises, Inc. – a Bronx-based distributor of paper, plastic, janitorial, maintenance and packaging supplies - invested over $800,000 in facility renovations, receiving a 45% discount on regulated electricity costs.

Pepsi Cola Bottling Co. of NY, Inc. – the Queens-based bottling company and distributor of soft drinks – made $2,600,000 in facility improvements, receiving a 45% discount on electricity and a 33% discount on natural gas costs. The program offered incentives for Pepsi to install a new "clean," energy-efficient co-generation system which passed an emissions test. As a result, SBS was able to approve a deeper credit of 4.44 cents per kWh of electricity produced by the system.

Royal Airline Laundry Services Corp. – a Queens-based commercial laundry service that services airlines - invested $430,000 in facility renovations, receiving a 62% discount on regulated electricity costs and 51% discount on regulated natural gas costs.

SupplyOne NY - a Queens-based manufacturer and distributor of packaging systems and materials to industrial and manufacturing customers – invested $400,000 in facility renovations, receiving a 45% discount on regulated electricity costs.

United Nations Federal Credit Union made more than $65 million in renovations and improvements to a new Queens facility, receiving a 45% discount on electricity.

Voila Bakeries, Inc. – a Brooklyn bakery -- made $400,000 in facility renovations, receiving a 45% discount on regulated electricity costs and a 35% discount on regulated natural gas costs.

Businesses can download the ECSP application online at www.nyc.gov/business or learn more about the incentive program by calling 311 and asking for "NYC Business Incentives."

Businesses are eligible for the Energy Cost Savings Program if moving from outside New York City into most areas of the City or relocating from "targeted" areas of the City to Upper Manhattan or the outer boroughs. Firms located in buildings that are approved for Industrial Development Agency or Industrial and Commercial Incentive Program benefits and have invested in property improvements at a cost of at least ten percent of the property's assessed value may also qualify. Additional incentives are available for businesses which install systems to generate their own electricity and meet emissions tests. Most industrial and commercial properties qualify for the benefits.



  CONTACT:
Kara Alaimo (SBS)
212-513-6318
 

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