Monday, September 8, 2008

Businesses Fleeing Manhattan!

Okay, maybe they're not exactly fleeing by the droves, but a recent Daily News article by Gene Roman states that some smart, economically savvy business owners are heading for the outer boroughs. Of course the Bronx was featured as one place where businesses can expect to find bargains, along with economic incentive programs, which will help them grow and flourish.

Scott Tabankin, owner of Aggressive Shade, Glass & Mirror, decided to move his family's business to Mott Haven after 50 years in Manhattan. In addition to getting an additional 500 square feet for his company, he paid $10 per square foot in the Bronx, as opposed to $29 per square foot in Manhattan. With the help of the Bronx Overall Economic Development Corp., Mr. Tabankin was even able to secure a low-interest loan to pay for renovations.

For more information regarding relocating your business to the South Bronx, please visit the South Bronx Overall Economic Development Corp.'s website.


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