Industrial Businesses

SoBRO is the Industrial Business Solutions Provider for all five of the Bronx’s Industrial Business Zones: Bathgate, Port Morris, Eastchester, Zerega, and Hunts Point. We assist businesses by securing State tax credits under the Empire Zones Program and provide a wide range of services to companies including real estate assistance and advice on how to cut government red tape. The NYC Business Solutions Center at SoBRO, launched by the Department of Small Business Services (SBS), provides access to the following services:

Financing
We can help you access numerous programs and services that are specifically dedicated to helping your business with financing needs. SoBRO’s Business Solutions Center also provides access to a variety of loan programs and technical assistance through our financial subsidiary CREDIT Inc.

Real Estate Search Assistance
The Business Solutions Center works with property owners and real estate professionals to help businesses locate available retail and commercial real estate in the Bronx.

Business Planning
We offer training, technical support and business development resources to start-up Bronx businesses and residents. Entrepreneurs can participate in various start-up classes that are offered through SoBRO’s Entrepreneurial Development Program, while established businesses can contact the Business Solutions Center staff to discuss programs that might help their businesses grow.

Government Facilitation Services
We assist businesses in addressing unresolved problems with City, State and Federal agencies or with utility companies. Challenges may involve sanitation, transportation or licensing.

Emergency Response Unit (ERU)
ERU assists businesses when they are forced to interrupt their operations as a result of disasters, such as fires, water main ruptures, explosions, etc. ERU helps businesses gain access to their premises, apply for available emergency assistance, including government programs and private insurance, and reopen as soon as conditions allow.

Federal, State and City Incentive Programs
We work with you to find out if your business is eligible for any of the following programs.

Empire Zones
State designated zones that offer various state wage tax, sales tax, real property, and investment tax credits to new or expanding firms that are located in any of the 72 designated zones within the state of New York. There are two economic development zones located in the Bronx: Port Morris Empire Zone and Hunts Point Empire Zone.

Empowerment Zones
Created through the US Department of Housing and Urban Development, EZ offers various federal tax incentives, loan programs and energy discounts.

Industrial and Commercial Incentive Program (ICIP)
Partial exemptions from or abatement of Real Estate Taxes for varying periods of up to 25 years are provided for eligible industrial or commercial buildings which are constructed, modernized, rehabilitated, expanded, or otherwise physically improved.

Energy Cost Savings Program (ECSP)
Reduces electric transmission and delivery bills by up to 45 percent and natural gas transmission and delivery bills by up to 35 percent.

Business Incentive Rate (BIR)
Provides a discount of approximately 30% – 35% off most Con Edison delivery charges for five years.

NY State Energy Research & Development Authority (NYSERDA)
Provides grants, financing and technical assistance programs for equipment purchases, new construction or renovations that incorporate energy efficiency improvements.

Industrial Relocation Grant Program (IRG)
Offers grants as reimbursement for moving costs to eligible manufacturing firms located within New York City that relocate within the city. Eligible manufacturers can receive the lesser of 90 percent of eligible moving costs, $4.00 per square foot of the move-out location, or $30,000.

The Relocation Fund for the Printing and Graphics Arts Industry (Printers Relocation Fund)
Provides financial assistance to eligible commercial printers and graphic art companies that relocate wit in the City of New York.

NYC Department of Environmental Protection Wastewater Allowance
Grants a standard wastewater allowance to any eligible property (commercial or industrial) whose purpose or process is such that water supplied is not discharged entirely into the wastewater system.

Wa$teMatch
Helps clients reduce disposal costs, generate revenue and obtain raw materials for less than standard market prices.

Photo: Courtesy of Viviane Topps.

 

 

Mission

SoBRO’s mission is to enhance the quality of life in the South Bronx by strengthening businesses and creating innovative economic, housing, educational, and career development programs for youth and adults.

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Give

SoBRO is a registered 501(c) (3) nonprofit organization. All donations are tax deductible in full or in part.

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Contact Us

  • 718-292-3113
  • info@sobro.org

Auxiliary aids and services are available upon request to individuals with disabilities.


© 2014 South Bronx Overall Economic Development Corporation. SoBRO is registered trademark in the United States of America.
SoBRO is an equal opportunity employer/program.