BRONX OVERALL ECONOMIC DEVELOPMENT CORPORATION
Programs
Program 1 [2018]
Bronx Tourism Council - Bronx Tourism Council was formed in 1992 to work with governmental and nongovernmental groups to promote tourism in the Bronx and create awareness of residents to the borough's attractions. The major events to promote awareness are Bronx Week; Tour de Bronx, the Trolley and various ethnic events throughout the year.GeographiesNot indicatedDatesJul 1, 2017 – Jun 30, 2018Source990No causes providedNo populations provided–$473.7KProgram 2 [2018]
Empowerment zone - The empowerment zone program includes the operation of two loan programs for qualified Bronx Empowerment Zone companies. The Corporation is the administrator of the Bronx portion of the New York City Empowerment Zone. This program is a part of the President's Empowerment Zone and Enterprise Community Initiative. The goals of the program within the Bronx are economic development, sustainable community development, the development of community-based partnerships and the development of a strategic vision of change. The Empowerment Zone programs offer loans at low interest rates and long repayment terms in exchange for the borrower's commitment to hire Bronx Empowerment Zone residents. The partners in this enterprise and the entities funding the program are the City of New York, the New York State Urban Development Corporation (doing business as the Empire State Development Corporation) ("ESDC") and the United States Department of Housing and Urban Development. Fundamental to achieving the program goal is to create permanent jobs by means of business development within the target zones.GeographiesNot indicatedDatesJul 1, 2017 – Jun 30, 2018Source990No causes providedNo populations provided–$709.3KProgram 3 [2018]
Economic Development - Under this program, the Corporation performs research and analysis regarding current economic developments, marketing and promotion of the Bronx through various media, provides real estate assistance to Bronx businesses that are expanding as well as to those businesses that are interested in moving into the Bronx; offers financial services information and assistance to Bronx businesses, provides technical commercial revitalization assistance to Bronx businesses as well as entrepreneurial assessment and technical assistance in developing a profitable business. The program is funded predominantly by the City of New York through the Office of the Borough President of the Bronx.GeographiesNot indicatedDatesJul 1, 2017 – Jun 30, 2018Source990No causes providedNo populations provided–$871.4K
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