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Firms Move HereEight Brooklyn firms have receivedrelocation funds from the New Vnrk ritvFinancial Services Corporation through itsIndustrial Retention and Relocation program. Funds are available to firms thathave occupied space for at least two yearsin several sections of the City including theFulton Ferry section of Brooklyn, and thefirms must relocate to specific sections inBrooklyn.Firms receiving relocation grants are:Chinatown Direction (apparel manufacturer) to 142 33rd St.; Gowanus Foundry(design studio), to 259 Bond St.; King MingSportswear (apparel manufacturer) to 14233rd St.; Nik Tog Inc. (apparel manufacturer-baby hats) to 185 Lyphe Ave.; P andT Sportswear (apparel manufacturer) to 88Third Avenue; Randy Coordinates (apparelmanufacturer), to Bush Terminal; Sculpture House (manufacturers of anatomymodels) to 396 Johnson Ave.; and StudioType and Screen Corp. (printer) to 100Water St. In total the firms will bring 275jobs to Brooklyn from Manhattan.The average grant per firm is roughly$56,931, and firms may relocate anywherein the City except to Manhattan below 96thStreet. Firms currently in the Fulton Ferrysection of Brooklyn must move to anothersection of Brooklyn to qualify for relocationfunds.They Walk For A JobThe Flatbush Development Corporation(FDC) sponsored a %u201cWalk for Jobs%u201d onJune 17 in conjunction with Summer Jobs%u201986, the program created by the New YorkCity Partnership to provide summer jobs inthe private sector for NYC youths, ages16-21, from low-income families.Neville 0. Gittens and John Fettipas,Brooklyn Borough Coordinators for Summer Jobs %u201986, joined community leaders inlaunching the march down FlatbushAvenue, from Duryea Place and TildenAvenue. Clad in %u201cSummer Jobs %u201986%u201d teeshirts, neighborhood youths sought pledgesof employment from small shops as well asfrom major stores including Macy%u2019s, Searsand Loehmann%u2019s.The New York City i-%u2019artnersmp, Inc.,which created the program in 1981, is acoalition of business and civic leadersdedicated to improving the city%u2019s businessand social climate. Since the program%u2019sstart in 1981, hundreds of companies haveprovided over 100,000 jobs for New York City%u2019s youth. Coopers Sc Lybrand, an international accounting and consulting firm, isserving as the %u201clead company,%u201d organizingand coordinating this effort.Four Firms Get FundsMore than $4 million in bonds have beenawarded to four Brooklyn companies by theNew York City Industrial DevelopmentAgency (IDA) in an effort to keep the firmsin Brooklyn. The resolutions to secure thebonds were announced by Financial SerBrooklvn.__________________ mevices Corporation Commissioner Stanley E.Grayson and Deputy Mayor for Financeand Economic development Alair A. Townsend.Companies approved for the bonds arebaian mntmg, an industrial printer, $1.5million; Envelope Manufacturers Corp.,$1.1 million; Fisch Florists Supply, $600,000;and Starbright Sportswear, Ltd., $850,000. Intotal 215 jobs will be retained for theborough, and companies state that as manyas 79 jobs will be created because of thefinancing. IDA provides corporations withbelow-market-rate capital to create newjobs and expand the industrial market.Bonds are purchased by private financialinstitutions and backed by the credit ofthe individual firm. Lowered interest ratesmake it possible to offer below market ratefinancing to qualified firms who, in turn,save money to further expand businesses.Over the last decade, IDA has issuedmore than $938.4 million in industrialdevelopment bonds, and have helped tocreate 22,898 new jobs for New York City.For information call FSC at (212)406-7100.\\Con Edison%u2019s reduced ratescan help your business growAnnouncing reduced electric and gas ratesto help promote business, jobs and econom ic growthIf you're thinking of starting, relocating or expanding your business in the Big Apple or its Golden Apple neighbor to the north, Westchester County, you could benefit from Con Edison's PROJECT APPLESEED. This award-winning program offers reduced electric and gas rates to qualified commercial and industrial customers. PROJECT APPLESEED offers three ways to help your business grow.R educed rates for sp ecia l areasIf you move or expand your business in 18 special areas of New York City, you could receive electric rate reductions of up to 30%. Andbusinesses that locate or expand in the South Bronx and East Harlem can qualify for gas rate reductions of as much as 19%.R educed rates for vacantb u ildingsIf you move your business into a vacant building in areas of New York City and Westchester County, you may qualify for reductions of up to 12% on electric rates and 19% on gas rates. And this would be in addition to the property tax incentives you would receive from local governments. R educed rates for new b u ild in gsIf you choose to build or move your business into a new buildingin areas of New York City and Westchester, similar reductions apply - up to 10% lower electric rates and 19% lower gas costs. This is in addition to the property tax incentives from local governments.To find out how PROJECT APPLESEED's reduced electric and gas rates can help your business, call Benjamin J. Glascoe at (718) 802-5553. Or write to him at: Con Edison, 30 Flatbush Avenue, Brooklyn, N Y. 11217r w *PROJECTQ J l o O n APPLESEEDWhat a way to grow!Business and GovernmentWorking Together AreHelping Make BrooklynA Better Place to LiveState Senator Martin Connor25th Senatorial District, Brooklyn, Manhattan,Staten IslandWE CAN MANUFACTUREYOUR PRODUCTIN OUR 100,000 sq. ft. BROOKLYN PUNTFULL SERVICE MANUFACTURINGLiquid Spray PaintingElectrostatic Powder Painting%u2022 Sheet metalforming andstamping%u2022 Spot welding%u2022 Design%u2022 ProductdevelopmentJobfabricationAssemblySilk screeningElectronicassemblyPC Board, eta.WAREHOUSING %u2022 QUALITY CONTROL%u00ae ENGINEERINGt I t154 Morgan Ave, Brooklyn, NY 11237Callfor a auote on anvcontract proposal(718)821-4220Page 18, The Phoenlx/Brooklyn.lnc Suction Two, June 28,1886