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New City Industrial Initiatives Move to Modernize a Vital Sector

News last updated June 7, 2011

Today, Mayor Michael Bloomberg and City Council Speaker Christine Quinn announced a series of new initiatives to support New York City's manufacturing sector, by increasing access to modern industrial space, creating new financing resources -- including a new capital fund targeted to food businesses -- and strengthening connections between manufacturers and the city's economic development agencies.

New initiatives include a $10 million fund through Goldman Sachs 10,000 Small Businesses program that will capitalize food businesses combined with investments in reopening a building at East Harlem's La Marqueta as a food processing space. A new Industrial Business Advisory Council is one of the vehicles through which the City's economic development agencies will stay informed about the ever-evolving needs of manufacturing businesses.

The Pratt Center participated in the announcement with a statement of support. “The initiatives announced today are important building blocks in the creation of a modern manufacturing sector,” said Pratt Center Director Adam Friedman. “Renovating and right-sizing space, promoting high-design, high-value sectors that provide quality jobs, and moving to strengthen zoning protection of valuable manufacturing land are important steps toward ensuring that the sector can thrive and grow in New York City.”

Read the news release here.

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Services for Industrial Businesses

Page last updated January 6, 2011

Information and Assistance for Industrial Businesses
in New York City

If you own or manage an industrial business, NYIRN can help you sustain and expand your company through help with

  • marketing opportunities
  • accessing incentives and tax benefits
  • connecting to government agencies and economic development professionals

 

Financing and Incentives

NYIRN can help your company identify local banks with a history of lending to manufacturing businesses.

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Research on Manufacturing

Page last updated January 6, 2011

Research and Market Analysis on New York City's Manufacturing Sector

The New York Industrial Retention Network uses research and analysis to shape policies and identify strategies to best support New York City’s industrial and manufacturing businesses. We conduct sector-based studies to better understand the needs of the city’s industries and promote opportunities to retain and grow these local companies.

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Green Manufacturing

Page last updated January 6, 2011

The New York Industrial Retention Network is committed to green manufacturing: industrial production that minimizes environmental impacts, including greenhouse gas emissions. Urban manufacturing is in itself green becuase it generates goods for local and regional consumption, reducing carbon emissions related to shipping, and is accessible to workers by mass transit, bicycle or foot. Sustainable manufacturing processes also help manufacturers succeed in the urban environment, where they must coexist in close quarters with other businesses and often residential communities.

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