Telephone: 212.367.2130
Facsimile: 212.644.9201
www.wbcnyc.org
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Volume I, Issue 13 - Week of March 30, 2009
This week’s update touches on changes in projects’ completion, funding and even names.
The Freedom Tower acquired its first tenant this week, a Chinese industrial company that signed a 23-year lease. Subsequently, the Port Authority has adopted a more marketable name for the tower, which will now be known by its address: One World Trade Center.
An exciting and useful event organized by Carver Federal Savings Bank is underway, and we encourage you to register, especially since it’s FREE! Taking place on April 21st, this special roundtable discussion will feature some of New York’s best financial experts, discussing strategies for managing wealth in the new economy. More details are available in our “Event” section below.
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Renee Sacks, Ph.D.
Editor
rsacks@wbcnyc.org
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GET CERTIFIED
WBC can help you get certified with New York City Small Business Services. It’s an important first step to navigating procurement opportunities with City and other public agencies. Contact WBC at 212.367.2130 or email rsacks@wbcnyc.org for more information. |
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SBA Small Business Administration Presents: Winning Government Contracts Through Effective Proposals
Source: New York State Contract Reporter
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The Government is the largest purchaser of goods and services in the world. The Small Business Administration Awards for 2007 totaled $83.2 billion. One of the ways to sell your business services to Government is through the competitive RFP (Request for Proposal) process - especially if you are certified under SBA’s 8(a) BD & HUBZone programs. Now you can get clear, concise & concrete techniques on how to navigate the proposal process and connect with the people who make the Government’s buying decisions. This workshop teaches you:
° What are the Universal Elements of every RFP?
° What Evaluators look for in a Proposal
° How to avoid pitfalls that can derail your sale
WHEN:
April 9th 2009
9:30 am - 2 pm |
WHERE:
26 Federal Plaza - 6th Fl. Conf. Rm H
New York, NY 10278 |
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MONEY IN THE BANK - MANAGE YOUR WEALTH IN THE NEW ECONOMY
April 21, 2009, 6-8:30pm
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Carver Federal Savings Bank presents a FREE financial roundtable discussion, Money In the Bank.
Hear from leading financial experts:
Deborah Wright, President, Carver Federal Savings Bank
Alfred Edmond Jr., Vice-President/Editor-in-Chief of Interactive, Black Enterprise
Ali Velshi, CNN Financial Correspondent and Author
Ryan Mack, Partner, COO of Optimum Capital Management, LLC
Sharon Epperson, CNBC’s personal finance correspondent and author
John Simons, Personal Finance Editor, Black Enterprise magazine
WHEN:
April 21th 2009 |
WHERE:
Schomburg Center for Research in Black Culture
515 Malcolm X Boulevard
New York, NY 10037 |
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Frank Gehry Claims Atlantic Yards is Dead
3/24/2009 - Source: New York Daily News
The multi-billion Atlantic Yards development in Brooklyn is dead, according to one who should know: the "starchitect" who was going to build it.
Asked by a trade paper about "unrealized commissions" he most wishes had been built, famed 80-year-old architect Frank Gehry brought up Atlantic Yards.
"I don't think it's going to happen," he told the Architect's Newspaper in an interview published online. |
CUNY Meets Impressive Funding Raising Goal Three Years Early
3/25/2009 - Source: The New York Times
When the City University of New York began an ambitious fund-raising campaign in 2004, the first in the system’s history, some were skeptical. “People were nervous at the time because it was new,” said Matthew Goldstein, the chancellor and himself a City College alumnus.
But on Wednesday Dr. Goldstein announced that CUNY reached its $1.2 billion goal three years ahead of schedule, and has expanded the campaign to seek $3 billion by 2015. |
Chinese Commercial Interest to Help Anchor Freedom Tower
3/26/2009 - Source: The New York Times
It took three years of stop-and-start negotiations, but a Chinese real estate company is finally signing a lease for space in a 102-story skyscraper under construction at ground zero, becoming the first commercial tenant for the rebuilt World Trade Center.
The Beijing Vantone Industrial Company has agreed to a 23-year lease for floors 64 through 69 in what will be known as 1 World Trade Center, at the southeast corner of West and Vesey Streets. The $3.1 billion office building, once called the Freedom Tower, is scheduled to be completed in 2013.
City Unemployment Hits 8.1%
3/26/2009 - Source: The New York Times
New York City’s unemployment rate leaped last month to 8.1 percent from 6.9 percent, the biggest jump in any month on record, New York State’s Department of Labor said on Thursday.
The rise ended a long period when the city’s job market was outperforming the nation’s. The city’s unemployment rate is now equal to the national rate.
The city lost 3,600 jobs in February, a month when hiring in tourism-related businesses usually leads to an increase in overall employment. In the previous 10 years, the city had added an average of 18,900 jobs in February.
NYT Editorial Calls for City Takeover and Develop Governors Island
3/26/2009 - Source: The New York Times
Governors Island, that enticing 172-acre piece of real estate just off Manhattan’s shore, has been tantalizing urban planners for decades. Since its long-ago days as a military base and even longer-ago days as a fort guarding New York’s harbor, the island has been considered the perfect site for a university or a casino complex or a medical facility or, best of all, a grand public park.
PA to drop “Freedom Tower” Name and Go Back to One World Trade Center
3/26/2009 - Source: The New York Post
Freedom is so passe at Ground Zero.
Once hailed as a beacon of rebirth in the aftermath of the Sept. 11 terror attacks, the Freedom Tower's patriotic name has been swapped out for the more marketable One World Trade Center, officials at the Port Authority conceded today.
But more than seven years after the terror attacks and amid an effort to market the iconic tower to international tenants, sentiment gave way to practicality.
A Debate at Ground Zero Over Which Name Will Last
3/28/2009 - Source: The New York Times
For more than a year, the Port Authority of New York and New Jersey has been quietly de-emphasizing the name “Freedom Tower” for what will be the tallest building at the World Trade Center site.
Although the authority would not say so, it is easy to imagine that prospective tenants - already worried about moving into a building that is potentially a terrorist target - might balk at a name with such potent ideological symbolism.
SBA Raises Surety Bond Ceilings for Small Business
3/27/2009 - Source: South Florida Business Journal
The U.S. Small Business Administration (SBA) is giving small businesses a financial leg up, via the Recovery Act.
The SBA said Friday it is raising the guarantee ceiling on contractor surety bonds. The new ceiling is $5 million – more than double the previous limit of $2 million.
Under the SBA-participating surety company partnership, the SBA provides a guarantee to the insurance company of between 70 percent and 90 percent of the bond amount, up to $5 million, according to a news release from the SBA.
New Worker Safety Campaign
Source: NYC Buildings
Buildings Commissioner Robert LiMandri joined Immigrant Affairs Commissioner Guillermo Linares, representatives from the City’s leading construction firms, industry unions and worker advocacy groups to announce the launch of a citywide worker safety campaign to encourage construction workers to properly wear their safety harnesses at all times while working at a construction site. Thousands of posters, banners and brochures - in English, Spanish, Russian, Chinese, Korean, Hindi and Urdu - are being distributed throughout the City, including high-rise construction sites, designated worker centers, union halls, community centers, telephone kiosks, and the Buildings Department’s five borough offices.
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Make the Connection. The World Trade Center Business Resource Center is where M/W/SBEs can access an array of valuable business services, including critical information on upcoming contract opportunities with WTC redevelopment projects.
WHEN:
Open Monday through Friday
From 9:00am - 5:00pm |
WHERE:
115 Broadway, 19th Floor
New York 10006 NY |
See Current Bid Opportunities from DASNY |
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