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April 1, 2011
New Rochelle Business Improvement District (BID)
41 Westchester Place, New Rochelle, NY 10801
Ralph DiBart, Executive Director
New Rochelle BID Announces Comprehensive
Downtown Small Business Support Program
Community Capital Resources, Monroe College, Con Edison, Grease Lighting - Westchester, and NYSERDA - New York State Energy Research and Development Authority join the New Rochelle Business Improvement District (BID) in an expanded, comprehensive program to help downtown restaurants and retail businesses.
The New Rochelle Business Improvement District (BID) is bringing a comprehensive array of technical support, business loans, marketing opportunities, and energy conservation incentives to downtown businesses and restaurants. Working over the past several months with its partners to expand on the BID’s support efforts, Monroe College, Community Capital Resources, Con Edison, Grease Lighting – Westchester, and NYSERDA-New York State Energy Research and Development Authority, the BID is now able to offer a greater variety of programs, many FREE, to help downtown enterprises grow and market their businesses. For qualified businesses and restaurants, the BID is also provides access to flexible business loans and economic incentives for improvements to lower energy costs.
Among the programs that are now being offered by the BID and its partners through the New Rochelle Downtown Small Business Support Program are:
• Business Loans – The BID, working with Community Capital Resources, is providing qualified businesses with access to loans ranging from $1,000 to $50,000. Loans can be used for inventory or equipment, marketing, working capital, and energy savings upgrades. Join the downtown enterprises which are already successfully improving their businesses and restaurants with these loans.
• Energy Savings Incentives – The BID is working with Con Edison to provide free energy audits that provide recommendations for lighting and basic equipment improvements which can significantly lower energy and operating costs. Con Edison will pay 70% of the cost of agreed upon improvements. More than twenty-five downtown businesses are already taking advantage of this program.
• Downtown Small Business Development Center – The BID is happy to announce that a Downtown Small Business Development and Resource Center is opening for downtown enterprises, hosted by Monroe College which will house consultation services as well as provide free access to computers and business software and data.
• Free Business Workshops – The BID is working with Monroe College and Community Capital Resources to offer free single workshops to help businesses people improve their skills and practices and develop business plans. The workshops will range from Quick Books to Strategic Marketing and from Financial Management to Microsoft Office Management. A longer term Business Plan Development Workshop will also be offered.
• Free Consultation Services – To help business people expand their customer base and operate more effectively and expand their customer base, the BID, working with Monroe College and Community Capital Resources is making available free, private, one on one, consulting and business coaching services in areas such as business plan development, market research and strategic planning. Businesses can also receive assistance in human resources and operations management, and loan and W/MBE application preparation.
• “Green” Restaurants – The BID is working with Grease Lighting – Westchester to provide restaurants with the free removal of used grease and cooking oil AND pay restaurants ten cents per gallon for the collected cooking oil. Restaurants will help our environment since 100% of their waste oil will be converted into renewable fuels including biodiesel. Join the growing number of participating downtown restaurants.
• Energy Efficient Equipment Incentives – Through NYSERDA, the BID can offer free energy audits of your facility which can include the building envelope (windows, doors, insulation), HVAC (heating, cooling and ventilation systems), commercial kitchen equipment, and other major energy consuming equipment. and for eligible projects, also provide economic incentives to upgrade to newer and more energy efficient models.
• Free Web Pages – The BID will host free web pages for downtown businesses on the BID’s increasingly popular downtown web site, NewRochelleDowntown.com. The BID will also offer free assistance in designing and creating web pages for specific businesses.
• Sidewalk Sales and Outdoor Cafes – The BID organizes seasonal sidewalks sales for downtown businesses and helps restaurants create outdoor cafes, including access to the BID’s free downtown outdoor WiFi network, the only one in the Hudson Valley. The BID also sponsors more than thirty events annually to help bring people downtown.
• Business Formation Assistance – Sponsored through a partnership between Monroe College and the New York State’s Entrepreneurial Assistance Program (part of the NYS Omnibus Economic Development Act), the BID is offering a free comprehensive education and training program for qualified emerging and existing entrepreneurs. This expansive 60-hour entrepreneurship course is accompanied by an additional 15 hours of intensive technical assistance to help new and existing entrepreneurs develop or expand a downtown business.
The BID is actively improving downtown with popular initiatives such as its Façade Improvement Program, Wi-Fi District, Clean Streets Crew, Artist Spaces Program, and events ranging from Music on the Green to BID Family Days. The BID constantly pursues new programs to help businesses and property owners and to encourage people to frequent downtown. The BID’s goals are to promote economic development, provide sanitation services, beautify public spaces, create enhanced technology services, pursue the historic restoration of building facades, and support the attraction of new and the retention of existing businesses in Downtown New Rochelle. In its nine year history, the BID’s efforts have resulted in $80 million of new, private, taxpaying downtown development and more than $1 million in grants.