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Grant for Businesses Displaced in 125th St. Rezoning

Wednesday, July 30, 2008

Help is available for Mom and Pop businesses displaced by the contentious rezoning of 125th Street.

REPORTER: The Upper Manhattan Empowerment Zone today announced a $750,000 fund to aid small businesses. Hope Knight, CEO of the Empowerment Zone explained why the loans are being offered.

KNIGHT: Essentially what businesses need to do is they need to have to relocate because of the action with respect to the rezoning.

REPORTER: Retail and commercial business that are independent and locally owned can apply for the forgivable loans through the Empowerment Zone and its partners. Information is available at umez.org.

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