Mayor unveils plan to jump start industrial businesses in the BX and city
Mayor Michael Bloomberg unveiled a plan Wednesday aimed at rejuvenating industrial businesses throughout the Bronx and city.
The mayor says over the past 50 years, manufacturing, warehousing and other forms of industry have been on the decline. Bloomberg's plan is to create a new office of industrial and manufacturing businesses. New boundaries, called industrial business zones, will be created around the city to replace already existing industrial parks.
Targeted zones for the Bronx include Port Morris, Hunts Point, Bathgate, Zerega and Eastchester. The mayor says the goal is to ensure that zones designated for industrial use stay that way and are not changed into residential properties.
In addition to the zoning, the plan includes a one-time tax credit for companies relocating to industrial business zones, a crackdown on illegal property conversion and employee recruitment and training.