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Over $2 million targeted to stimulate growth in the Bronx

NEW YORK - The New York Empowerment Zone Corporation Friday approved funding totaling over $2 million for five programs aimed at stimulating economic growth in the Bronx and upper Manhattan.

Among the programs approved were:

* $250,000 to the Ghetto Film School for construction costs associated with the build-out of administrative offices and editing suites supporting the media production facilities at the school’s Digital Bodega film production studio.
  * $678,193 to support the Hispanic Federation Inc.’s direct and indirect costs for incubating the Northern Manhattan Arts Alliance and supporting its operating costs.
  * $500,000 to help the Manhattan Neighborhood Network renovate a historic East Harlem-based firehouse into a media arts and broadcast center.
  * $442,921 for the Malcolm X and Dr. Betty Shabazz Memorial and Education Center Inc. for technical assistance, workforce expansion and associated organizational capacity-building activities.
  * $150,000 to the Opus 118 Harlem School of Music to implement key recommendations of a prior organizational assessment.

Created to revitalize Upper Manhattan and the South Bronx, the New York Empowerment Zone Corporation uses public funds and tax incentives to encourage private investments in these areas. Since its formation, the empowerment zone corporation has disbursed $211,381,364 to support businesses and community groups in the zone. Read more..

 

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