East Shore LDC Forms to Help Boost Business

Posted by on Monday, June 8th, 2015 at 12:18pm

Since Hurricane Sandy hit the East Shore back in 2012, there's been a 40% vacancy rate among local businesses in the area. New York State has allotted $600,000 to form the East Shore Local Development Corporation (LDC) in an effort to draw business back to the shoreline.

Linda Baran, President of the Staten Island Chamber of Commerce, stated that she'd like to attract more visitors to the areas now that we are in recovery. "We want to bring the area back to what it once was -- more of a destination. People need to stop going down to the Jersey Shore when we have a beautiful waterfront. We don't have a lot of restaurants and cafes along the waterfront, and we really want to attract businesses that want to open up there," she said.

Once the LDC is fully functional later this year, some of its tasks will include formulating a retail strategy for business in the area, acquiring property to be redeveloped, and helping small businesses gain the proper financing to open up shop.

[Photo source: rebuildbydesign.org]

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