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FOR IMMEDIATE RELEASE
Thursday, April 16, 2009


NYC Department Of Small Business Services Awards $511,287 In NYC Business Solutions Training Funds To Local Businesses

An Additional $1.5 Million In NYC Business Solutions Training Funds Are Available Pre-Applications Due April 28th

New York, April 14, 2009 - As part of the Bloomberg Administration’s Five Borough Economic Opportunity Plan, the New York City Department of Small Business Services today announced awarding over $500,000 in NYC Business Solutions Training Funds to help ten local businesses train their employees. In addition, applications are now being accepted for an additional $1.5 million in Training Funds, which will also be awarded to New York City businesses.

With economic conditions changing rapidly, many employers are revising their business models — and realizing they need to retrain their workers to prepare them for new roles and responsibilities. Training Funds provide crucial financial assistance to businesses navigating these challenges.

Today's awards of $511,287 will be matched by employer contributions of $340,497. These funds will be used to train 617 New Yorkers, resulting in 69 new hires and projected wage increases averaging 16.4 percent for trainees currently employed.

New York City businesses can access an additional $1.5 million in funding starting April 14th by pre-applying at www.nyc.gov/training, or by calling 311 and asking for "NYC Business Solutions Training." The pre-application will be available until April 28th.

Each NYC Business Solutions Training Funds award provides businesses with up to $400,000 to cover a maximum of 70 percent of training costs including external training providers, trainee and internal instructor wages, training facilities, and books and materials. The awards are administered by the Workforce Development Corporation, a non-profit organization under contract with the City's Economic Development Corporation. Applicants are judged based upon their ability to impact economic activity in New York City, provide entry-level and current workers with career advancement opportunities, and increase trainee wages. Full reimbursement for training-related costs is contingent upon trainees’ successful completion of the program.

The NYC Business Solutions Training Funds were awarded to:

• Awisco Corp, a Queens-based industrial and welding equipment retailer. The company will use a $19,218 Training Funds award, matched by a $10,983 employer contribution, to train 23 employees in customer service and supervisory skills. The program is projected to result in an average wage increase of 3 percent for all trainees.

• Battery Gardens, a Manhattan-based restaurant and catering service, which will use a $102,122 Training Funds award, matched by a $58,355 employer contribution, to train 82 employees in wines, workplace etiquette, reservation management, and customer service. The program is projected to result in 40 new hires and an average wage increase of 44 percent for 37 trainees.

• Charter School Business Management, a Manhattan-based provider of financial, human resources and audit preparation services for charter schools, which will use a $21,856 Training Funds award, matched by a $12,489 employer contribution, to train 10 employees in finance, human resources, and book-keeping. The program is projected to result in 3 new hires and an average wage increase of 10 percent for all trainees.

• Fairway Group Holdings Corp, a Manhattan-based grocery chain and food retailer, which will use a $65,880 Training Funds award, matched by a $54,900 employer contribution, to train 215 employees in ESL, computer literacy, and food safety. The program is projected to result in an average wage increase of 9 percent for 108 trainees.

• Garden of Eden Gourmet Market, a Brooklyn-based full service grocer and specialty food purveyor, which will use a $61,460 award, matched by a $51,217 employer contribution, to train 147 employees in ESL, customer service, and computer literacy. The program is projected to result in 25 new hires and an average wage increase of 31 percent for 105 trainees.

• The Greene Grape, a Brooklyn-based wine and gourmet food retailer, which will use a $31,375 Training Funds award, matched by a $17,929 employer contribution, to train 17 employees in customer service and wine and food education. The program is projected to result in average wage increases of 12 percent for all trainees.

• IEH Corporation, a Brooklyn-based designer, manufacturer and distributor of high performance electronic connectors and other specialized interconnection devices, which will use a $64,365 Training Funds award, matched by a $36,782 employer contribution, to train 27 employees in lean manufacturing, Six Sigma, production management, and equipment maintenance. The program is projected to result in average wage increases of 5 percent for all trainees.

• Julian A McDermott Corp, a Queens-based manufacturer of safety lighting products, which will use a $51,161 Training Funds award, matched by a $29,236 employer contribution, to train 27 employees in lean manufacturing, inventory management, performance management, and marketing. The program is projected to result in average wage increases of 5 percent for all trainees.

• Lee Spring Company LLC, a Brooklyn-based manufacturer of springs, wire forms, and various metal parts, which will use a $57,189 Training Funds award, matched by a $47,658 employer contribution, to train 53 employees in lean manufacturing, teamwork, and customer service. The program is projected to result in average wage increases of 3 percent for all trainees.

• Linda Tool, a Brooklyn-based precision machine shop supplying components to manufacturers in the aerospace, medical, and industrial fields, which will use a $36,660 Training Funds award, matched by a $20,948 employer contribution, to train 16 employees in ISO9001 and Computer Aided Manufacturing (CAM). The program is projected to result in 1 new hire and average wage increases of 8 percent for 11 trainees.

In July 2007, the NYC Department of Small Business Services added work readiness training (such as literacy, numeracy and English as a Second Language) to the types of training already available in the Training Funds program. The expansion of the types of training offered was a result of additional funding allocated by the City's Center for Economic Opportunity.

Since the program’s inception, New York City has awarded more than $6 million to 69 companies to train over 4,300 workers, matched by over $6.3 million in employer contributions. Two-thirds of the program’s funding is from the Center for Economic Opportunity, with the federal Workforce Investment Act providing the remainder.

About the Five Borough Economic Opportunity Plan The Five Borough Economic Opportunity Plan is a comprehensive strategy to bring New York City through the current economic downturn as fast as possible. It focuses on three major areas: creating jobs for New Yorkers today, implementing a long-term vision for growing the city's economy, and building affordable, attractive neighborhoods in every borough. Taken together, the initiatives that the City has launched to achieve these goals will generate thousands of jobs and put New York City on a path to economic recovery and growth.



  Contact:
Laura Postiglione (Press Secretary SBS) 212-513-6318 / lpost@sbs.nyc.gov
 

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