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4.5M Tag

29 Jun

Latest York to Award $4.5M in Grants for Garment

Latest York to Award .5M in Grants for Garment
Latest York State is ready to award $4.5 million in grants to garment industry brands through its NY Forward program. On Thursday, Manhattan Borough president Mark Levine announced an open call for any organization or individual searching for funding for a capital project within the Garment District NY Forward-designated area, which is defined as between thirty fourth and forty second Streets between Fifth and Ninth Avenues. To be eligible, the projects must, amongst other things, contribute to the economic revitalization of the Garment District, by creating or retaining jobs, supporting area businesses, improving quality of life, activating public spaces, supporting affordability and achieving climate goals. The projects may include development or rehabilitation of real estate, public spaces, signage or district branding. Interested parties...
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31 May

Garment District Committee Discusses $4.5M Zone Revitalization

Garment District Committee Discusses .5M Zone Revitalization
The Garment District local planning committee met Wednesday morning for the primary in a series of meetings slated under the state’s district revival initiative. In February, Recent York Governor Kathy Hochul granted the storied garment zone $4.5 million through the state’s NY Forward program for neighborhood revitalization. In all, the NY Forward program mobilizes $100 million to support equitable recovery, following the COVID-19 pandemic, mirroring that of a previous successful initiative called Downtown Revitalization. The Garment District, per local nonprofit Garment District Alliance’s formal definition, encompasses 24 blocks, 6,500 businesses, 75,000 employees and is visually denoted by a colossal yellow button statue, balanced on a 28-foot-high needle on Seventh Avenue at thirty ninth Street. The district is among the many least populated...
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