Displaying results 1 - 25 of 308 for economic development corp.. Subscribe to this search
From a “supportive” mayor to the “nanny” mayor of Queens, Mayor Bloomberg has left business leaders with a range of opinions on his impact on small businesses in the borough.
With 80 percent of the 44,000 businesses in Queens having fewer than 10 employees, according to Rob Mackay of the Queens Economic Development Corp., small businesses make up a significant portion of the Queens economy. Mackay has seen the mayor as someone who’s realized the importance of small businesses for each neighborhood, but as other business owners noted, that was sometimes hard to realize when the “nanny” mayor came into the spotlight.
The Industrial Development Agency, a branch of the Economic Development Corp., approved a proposal Tuesday that will grant Willets Point developers $43 million in tax breaks to raze the “Valley of Ashes” and put a mega-mall and more in its place.
The $3 billion project, spearheaded by the Queens Development Group, recently bought the 23-acre site near Flushing Meadows Corona Park from the city for a dollar.
Queens residents who love Flushing Meadows Park can breathe a sigh of relief. It looks like the soccer stadium proposed there will be built in the Bronx instead.
The $400 million arena, to be used by a Major League Soccer franchise, is expected to be built south of Yankee Stadium, according to published reports. It will be located at the site of a bankrupt parking garage and adjacent property.
The ongoing Willets Point development plan is hard to pin down. It is a project with many moving parts that has been lauded as one of the best development deals made in the borough’s history, while at the same time denigrated as an attack on the lower class and outer-borough business owners.
But the colossal plan that has struggled to get its bearings for some time has gained stability over the past few months — after the City Council approved the revised version — and will take its first steps on Saturday when the first round of business relocations will be completed.
The upscale development of Willets Point is one step closer to fruition.
The Queens delegation of the City Council voted Monday in favor of the sale of 23 acres of land across the street from Citi Field in Willets Point, where a tremendous overhaul of the area has been planned. The only opposing vote in the Borough Board tally came from Community Board 7 Chairman Gene Kelty.
Work on rebuilding and extending Linden Place in College Point has been delayed once again with the estimated completion date at least four years away.
Phase 1 to reconstruct the flooded-out Linden Place from Ulmer Street to 23rd Avenue was to begin in 2008 and be completed two years later. Despite complaints from area civic groups, elected officials and Community Board 7, the city’s Economic Development Corp. project has stalled and the completion date is scheduled for next fall, a full four years later than anticipated.
Developers of the $850 million Flushing Commons mixed-use development project are calling reports that work will begin this week premature. It’s actually set to start early next year.
Last week, Crain’s and other business publications announced that the project, which has been delayed three years due to lack of financing, would begin on Thursday, Oct. 31. The date was allegedly the latest allowed by the city’s Economic Development Corp. for the developers, TDC Development and Construction Corp. and Rockefeller Group Development Corp. to begin.
Sen Charles Schumer (D-NY) announced this week that New York State is set to receive an estimated $6.3 billion in further Sandy-relief funding in 2014.
The money is allocated from the $61 billion Sandy aid package that was approved earlier this year by Congress. According to Schumer, less than one-third of the money has been spent.
Last month, the Greater Jamaica Development Corp. trumpeted its long-awaited deal with a developer to build a hotel on property it owns across from the Long Island Rail Road’s transit hub on Sutphin Boulevard.
But when Justin Rodgers, director of economic development for the GJDC, made a presentation to Community Board 12 on Oct. 16, it also brought long-established tensions between the two bodies to the surface.
In yet another dreary Mets season, Matt Harvey did give fans a number of thrills, such as throwing two scoreless innings as the starting pitcher in the 2013 All-Star Game played at Citi Field this past July. You would have to go back nearly 30 years to Dwight Gooden’s heyday to find a Mets pitcher who could dominate opposing hitters at will.
Harvey was such a big story that Jimmy Fallon used him for a hilarious “man in the street” bit to see how many New Yorkers could recognize him. ESPN Magazine put him on the cover in the buff for its July “body issue” while Men’s Journal ran a feature on him that made it clear he was thoroughly enjoying the trappings of being a handsome, young New York celebrity.
As if the significant increase in noise from overhead airplanes hasn’t been enough, residents of Whitestone and Malba also have had to contend with excessive disruptions from helicopters passing directly over their houses.
The problem stems from a Federal Aviation Administration mandate last year that choppers traveling between the middle of Long Island to the Hamptons must fly over water in an effort to decrease the overhead noise for residents of the island. Following the requirement, helicopter pilots began seeking a faster and cheaper route, resulting in more flights over northeast Queens.
The City Parks Department said a new boardwalk at Rockaway Beach will not have a seawall, despite community efforts to push for more protection along the shoreline.
Plans for the new 4.7-mile $200 million stretch of boardwalk that was almost completely destroyed by Hurricane Sandy last year are moving quickly and city Parks Commissioner Veronica White has said the plan is to start construction by the end of the year.
Hungry workers at Willets Point gave a big sigh of relief and decided to return to normal eating habits after the vote on the future of the Iron Triangle by the City Council was moved from Sept. 13 to some undecided date in October.
At Tuesdayís City Council Zoning and Franchises subcommittee meeting Councilwoman Julissa Ferreras (D-Corona) grilled developers and spokesmen from the Economic Development Corp. and the Mayorís Office on their plans to build a mall and highway ramps which would then allow them to build much delayed affordable housing units and community centers at Willets Point as well as their plan to relocate the estimated 120 to 165 businesses ó mostly auto body shops that sit on the site just south of Citi Field ó to another spot.
Last week, Community Board 5 received a letter from Samaritan Village, a nonprofit agency that intends to turn a vacant building on Cooper Avenue in Glendale into a homeless shelter.
One week later, residents, elected officials and community leaders are furious about the proposal.
A former parking lot between the Queens Center mall and the Long Island Expressway has been empty for the past 12 years and now the developers who own it want to build three restaurants there.
The College Point-based Mattone Group presented its plan at an informational Newtown Civic Association meeting in Corona Tuesday night. The company would bring in an Olive Garden, a Longhorn Steakhouse and Joe’s Crab Shack, which will cover approximately 25,000 to 30,000 square feet, surrounded by free parking spaces. If the plan moves forward, they predict that the establishments will open in April or May 2014.
Repairing the seawall in Queensbridge Park has been talked about for well over a decade. Last Friday those plans came to fruition when politicians, the Parks Department and dedicated neighborhood advocates dipped their symbolic golden shovels into a pre-dug pile of dirt to commence construction.
The $6.65 million project will raise the crumbling seawall separating the park from the East River in the most northern section of Long Island City across from the Queensbridge Houses. Plans also call for a 6-foot-wide promenade with benches, plantings and a small wharf at its northern end.
A lot can change in five days.
Community Board 7 voted on Monday to approve the proposed Phase One redevelopment of Willets Point, including a controversial 1.4 million-square-foot shopping mall adjacent to Citi Field, after its Land Use Committee initially failed to approve the project.
As we slowly recover and begin to rebuild our neighborhood, businesses and homes from the devastation caused by Hurricane Sandy, we’re constantly remindedof the strength and resiliency of our community and neighbors. I want to acknowledge and thank the NYPD, FDNY, the National Guard and all of our first responders, from the bottom of my heart for their heroic actions and all that they have done for our community. In addition, the volunteers who have spent months in the community, giving everything and asking for nothing, are a true example of what makes our state and country great.
It’s been three months since Hurricane Sandy decimated our homes, and while there has been remarkable progress, the reality is that thousands of small businesses and families in southern Queens and Rockaway are still in need of relief and guidance. There are enormous challenges ahead of us, but if we work together and stay strong, our community will be back stronger than ever.
It’s all about education and youth for Saywalah Kesselly, a political newcomer who is vying for the 31st District City Council seat to replace James Sanders Jr., who won a bid for state Senate. Kesselly calls himself a troubleshooter and a problem solver and says he was motivated to seek elected office because he is tired of the status quo.
Kesselly, a married father of three who lives in Far Rockaway, is the founder and executive director of the African Center for Community Empowerment in St. Albans, a nonprofit organization that serves youth and families in Southeast Queens. But his educational background is in finance, accounting and economics.
The cold gusts of a January afternoon pass The Greenroom in Harrison, NJ as a bartender preps orange and lemon wedges despite what will probably be a slow night.
She surveys the empty tables and desolate bar in front of her as she serves a lone patron a pint. It’s usually quiet around this time of year for the bar. “Things get busy when the Red Bulls come play,” she says.
They came for information and answers, but the majority of attendees at Tuesday night’s Queens Housing Coalition meeting in Woodside were already very familiar with the plan, approved in a different form by the City Council in 2008, to build a mall, retail spaces and housing at Willets Point.
During a question-and-answer segment many speakers asked for the representatives from Related Companies and Sterling Equities, called the Queens Development Group, which plans to revamp a 23-acre plot on the north side of Citi Field and the parking lot on the south side of the stadium, to consider the people. The speakers included an undocumented worker, Marco Neira, who owns one of the many auto shops that dots Willets Point, and the only resident of the area, 80-year-old Joseph Ardizzone. They made passionate speeches about the need for affordable housing instead of a mall.
It’s been more than six months since the unveiling of the Shops at Station Plaza took place — a lighting ceremony held in June with several elected officials— to welcome the much-anticipated retail area that was supposed to draw shoppers to downtown Jamaica.
But so far, the likeliest tenant for the largest space available is Resorts World, which would be opening a “visitors center” occupying 3,000 square feet, where people could catch shuttle buses to the Aqueduct racino.
In order to help businesses ravaged by Hurricane Sandy, Assemblyman Bill Scarborough (D-Jamaica) plans to introduce legislation that would give a state tax credit to those who donate money to help suffering establishments survive.
It’s called the Severe Weather Business Recovery Tax Credit and it would provide a 50 percent credit on donations of $1,000 or more to help businesses recovering from the storm.
Marie Adam-Ovide, the district manager of Community Board 8, has thrown her hat into the 31st District City Council race to replace James Sanders Jr. (D-Laurelton), who was elected to the senate. A special election to fill his seat will be held in March.
“I take great pride in helping people,” Adam-Ovide said. “It is very rewarding to be able to make a difference in people’s lives. I am putting my knowledge and skills to work at CB 8, but I felt I could do so much more to help the community where I live. I have the right skill set to help the community.”
This year in Southeast Queens, there were plenty of highs and lows, accomplishments and disappointments, most involving crime and politics.
In an effort to curb violence, two gun buybacks were held, resulting in 564 weapons being taken off the street. But there were still several shootings, including a triple homicide involving an AK-47 and another in which a Nassau County cop was killed.