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INSIDE Bonuses TOP STORIES aren’t a scandal Bakers keep prices —Greg David high despite drop defends the Street, takes on Cuomo in ingredients’ costs ® and his allies PAGE 3 Page 11 Bad economy offers silver lining VOL. XXIV, NO. 45 WWW.CRAINSNEWYORK.COM NOVEMBER 10-16, 2008 PRICE: $3.00 for fashion hounds PAGE 8 What Review: Nieporent serves a #### The Axman Cometh Obama TriBeCa hit PAGE 43 Decimated money managers slash staff means SPECIAL REPORT BY AARON ELSTEIN for NY

in good times and bad, Wall Street’s army of Urban-centric money managers have quietly added to their ranks and bulked up their income—until now. policies a help, but Faced with stunning declines in their revenues tax plan mixed bag this year, money management firms are axing staffers for the first time in decades. They are also laying plans for future rounds of cuts extending BY ERIK ENGQUIST SMALL BUSINESS well into next year. GROWING A BUSINESS The reductions come on the heels of the calami- what will Barack Obama’s pres- GUIDE The annual guide to tous losses in the markets, which have wiped out as idency mean for New York? There 600 organizations offering much as half the value of some managers’ leading is no great gather- aid to small businesses in stock funds. Compounding the damage, terrified in- ing of Gotham- New York PAGES 19-32 vestors in recent weeks have been cashing in their chips ites in line for sen- G Export assistance PAGE 20 at a record rate and fleeing for the exits. ior White House It’s a nightmare scenario at big New York firms like Alliance- posts, so the state G Info on government Bernstein and BlackRock, and a host of small private outfits as well. will not have any contracts PAGE 25 All told, up to 15% of the industry’s 168,000 employees nationwide particular influ- G Sources of capital and other are expected to lose their jobs by year’s end. ence in the new kinds of financial help “I don’t think any organization is safe,” says Geoffrey Bobroff, a administration. PAGES 29-31 consultant to mutual fund firms. “The industry is going to have to And the Demo- G PLUS:Top locations for See THE AXMAN on Page 8 cratic president- businesses, from retailers to elect has pledged biotechs PAGES 20-28 to take a biparti- $3B NET difference san approach, between tax which suggests no increases BUSINESS LIVES special treatment and savings for blue states. 9 TO 5 AND BEYOND Still, New York should benefit Taking on a from the election of the nation’s second first modern president with an in- job to keep ner city background. Mr. Obama up with spent five years of his early adult- rising hood in Manhattan and three as a cost of community organizer on Chica- living go’s gritty South Side. He is ex- in See OBAMA on Page 8 NYC PAGE 37 turner james Peacock network fails to take off, again INDEX aganza that the Olympics provided, THE INSIDER ______12 Hip chief’s slate can’t land coveted young returning shows are struggling,new REAL ESTATE DEALS ______15 audience; needs identity, defining night shows have proved disappointing THE WEEKS AHEAD ______33 and the network looks no closer to The former head of inde- defining itself than it did 18 months CLASSIFIEDS ______34 BY MATTHEW FLAMM pendent production company ago when Mr. Silverman took the NEIGHBORHOOD JOURNAL ______36 Reveille—responsible for hits that reins. HOME FRONT ______39 nbc universal thought it was the included The Office and The Biggest Profit for the network fell 5%

EXECUTIVE MOVES ______40 hippest broadcaster in Hollywood Loser—Mr. Silverman was going to in the third quarter, once the when it hired high-flying producer pump up the flagging Peacock Olympics was taken out of the CORPORATE LADDER ______41 See AT DEADLINE on Page 2 Ben Silverman as co-chairman of network with clever cost-savings equation, and NBCU Chief Exec- its entertainment division. and ingenious product-integration utive Jeff Zucker has called for $500 concepts. million in cost cuts. He did all that. And six weeks “There doesn’t seem to be any 45 into the fall season,with Mr.Silver- traction,” says Gary Carr, director 5 man’s first full slate on the air, the of broadcast at media buying network is once again in fourth agency TargetCast tcm. “None of ELECTRONIC EDITION place among its target audience of their new shows have clicked.”

18- to 49-year-olds—the same po- Observers say that one of NBC’s ap images sition it has held since 2004. biggest problems has been its in- NO TRACTION: NBC’s Ben Silverman, brought NEWSPAPER Despite the promotional extrav- See PEACOCKon Page 2 in to bump up ratings, comes up short. 71486 01068 0 CNYB 11-10-08 A 2 11/7/2008 8:16 PM Page 1

IN BRIEF FiOS entry fails MUCH THE SAME AFTER LAST WEEK’S DISAPPOINTING SALES, Package rates for cable, telephone and THE ART WORLD IS BRACING FOR EVEN WORSE Internet service showings this week at Christie’s and Sotheby’s PROVIDER MONTHLY FEE contemporary art auctions. First up will be to ignite price war Cablevision Sotheby’s Tuesday evening sale, featuring 64 $89.85 lots that are predicted to bring in between Time Warner Cable $89.95 $203.3 million and $281.6 million, but could Verizon FiOS $94.99 fail to reach even the low estimate. Christie’s Cable rates to rise despite competition evening sale follows on Wednesday, with 75 works Introductory fees for one year. on the block, including a Takashi Murakami are typically passed on to consumers. Even sculpture and a painting BY AMANDA FUNG Verizon has increased its TV rates by 12%, by Richard Prince.The to $47.99, since entering the New York claims the higher price is justified because sale is predicted to bring when verizon Communications Inc. metro market two years ago. It declined to FiOS TV offers more high-definition in between $227 million started selling its FiOS TV service to resi- comment on further hikes. channels and features than its rivals. and $327.5 million. dents in parts of the five boroughs in July, Cablevision’s comparable cable-TV But concerns over future rate hikes re- Since 1991, collectors New Yorkers had a new choice for cable service is $49.95.The Bethpage,L.I.,com- main,even for those subscribed to bundled have gobbled up TV for the first time in decades. The du- pany claims its planned price increase is services. The Federal Communications Takashi Murakami contemporary art, opoly held by Time Warner and Cablevi- below the inflation rate, and therefore rea- Commission recently gave Time Warner pushing prices up at a sion was dead, and many hoped it would sonable. Time Warner, which is currently the green light to freely raise rates in New rate five times as fast as Old Masters or modern mean a price war that would lower rates for examining its 2009 pricing plan, attributes York City on basic-cable TV, declaring pieces, according to Artprice. Now, that market everyone. previous rate increases to higher program- that there is effective competition in the is at risk for the biggest correction. Instead, rates are still going up. ming fees. city, and eliminating the city’s power to “When competition jumps in, you ex- “These companies have a return on in- regulate basic-cable rates. THE CITY COUNCIL WILL VOTE ON THE pect prices to come down,”says Jeff Kagan, vestment to meet,” says David Joyce, a ca- CONTENTIOUS WILLETS POINT REDEVELOPMENT an independent cable and telecom analyst ble analyst at Miller Tabak + Co. “They Solid revenues project Thursday. Local City Councilman in Atlanta. “I am scratching my head be- have to keep their debt and equity investors there’s still hope that prices will come Hiram Monserrate remains opposed to the cause that hasn’t happened yet.” satisfied.” down if Verizon decides to lower its rates plan, citing concerns over the use of eminent Cablevision Systems Corp., which has Some point out that consumers can to lure more customers away from Cable- domain and a lack of affordable housing. City about 3.1 million TV customers in the find price relief in triple-play packages of vision and Time Warner, analysts say. But officials’ negotiations with housing activists and New York metropolitan area, recently an- cable TV,Internet and phone. Cablevision so far, Verizon has only chipped at the ca- landowners will likely go down to the wire. nounced it will increase the price of cable has left the cost of its triple-play bundle ble providers’ subscriber rolls. Last week, TV by an average of 3.5% next year, and unchanged at the introductory offer of Cablevision and Time Warner reported DANNY MEYER’S HUDSON YARDS CATERING Time Warner Cable, with about 1.1 mil- $89.85 a month since it was introduced in solid revenues for the third quarter.Cable- HAS WON THE EXCLUSIVE CONTRACT TO HOST lion New York City customers, is expected 2004. Earlier this year, Time Warner, vision said its cable TV business generated special events at the Time Warner Center, to follow with similar rate hikes. which offers a year at $89.95 per month, revenue of $1.2 billion, up 9.8%, while which had previously used Great Performances unveiled a two-year price lock guarantee of Time Warner Cable’s revenues were up 8% as its caterer. HYC has been aggressively Incremental increases $129.95, which includes the monthly set- to $4.3 billion. “Verizon hasn’t won bidding on event spaces in the city to be the analysts expect prices to incrementally top box charge. Time Warner says 70% of enough business to rattle the cable compa- exclusive food service provider. It recently increase for the next few years due to high- its customers are triple-play subscribers. nies yet,” Mr. Kagan says. landed a contract at the Puck Building at er programming fees charged by broad- Ironically, Verizon’s triple-play costs $5 Houston and Lafayette streets. casters and content providers. These costs more a month, but the phone company COMMENTS? [email protected] BUSINESSES REELING FROM THE CREDIT CRUNCH AND SUBSEQUENT COLLAPSE IN consumer confidence were thrown a modest lifeline late last week when the city’s Economic Development Corp. launched a $5 million loan Peacock does not fly guarantee program aimed at both small and microbusinesses.The agency predicts that the money will generate as much as $10 million in Continued from Page 1 haven’t. New show Knight Rider has post- promising shows are coming next year, loans for city businesses. ability to find an identity, a feat its peers ed a 2.2 rating among 18- to 49-year- including a new comedy from The Of- have all been able to pull off. olds this season—a 21% drop for its fice’s Greg Daniels, and the fantasy vol. xxiv, no. 45, november 10, 2008—Crain’s New York Business First place CBS has become the mid- 8 p.m. time period, according to drama Kings. (issn 8756-789x) is published weekly by Crain Communications Inc., 711 Third Ave., New York, NY 10017. Periodicals postage paid dle-of-the-road network with broad Nielsen Media Research. They also say that Mr. Silverman, at New York, N.Y. and additional mailing offices. Postmaster: comedies like Two and a Half Men and New comedy Kath & Kim has who was not available for comment, Send address changes to: Crain’s New York Business, Circulation Department, 1155 Gratiot Avenue, Detroit, MI 48207-2912. for glitzy police procedurals like CSI and pop- drawn a 2.6 rating—a 13% de- is making progress toward his subscriber service: Call (888) 909-9111. Fax (313) 446-6777.$3.00 ular newcomer The Mentalist. cline for its slot. goals of defining the network’s a copy, $59.79 one year, $109.79 two years. (GST No. 13676-0444- Second place ABC targets women with brand and changing how shows RT) ©Entire contents copyright 2008 by Crain Communications Inc. All rights reserved. prime time soaps Desperate Housewives Ratings tumble get made. and Grey’s Anatomy, while Fox, the Ameri- even successful series “We feel we’re on track to can Idol network, stresses edgy dramas like have floundered this sea- have the network survive in a new hit Fringe. son. Heroes ratings dropped very challenging environment, MISERY METER Once a home for sophisticated shows 16% among its target audience, one that will get even more diffi- like Frasier and Seinfeld, NBC now lurch- and Deal or No Deal plunged Heroes has tumbled cult in the coming years,” says Weekly reading on the direction of the es through the week with programs that 30%. to a 5.1 rating Mitch Metcalf,the network’s ex- city’s economy. have no connection. Downscale comedy Of course, NBC is not the ecutive vice president of program among 18- to 49- My Name Is Earl,upscale hit The Office and only network reporting lower scheduling. creaky relic ER inhabit ratings. With audi- year-olds. Season to Thanks to NBCU’s cable POSITIVE NEGATIVE New comedy Kath & Kim Thursday nights. The ences drawn to cable date, it is down channels, including USA, Sci Fi has averaged a 2.6 rating + CLOUDY - network’s reality news by a and Bravo, the General Electric hodgepodge in- this season among 18- to historic unit turned in a stellar third quar- S cludes The Biggest 49-year-olds. For its time presiden- Y T 16% ter, with profits up 10% to $645 O period, it’s off N R Loser and Deal or tial race, million, from revenue of $5 bil- N M U No Deal. all of the broadcast- lion, up 35%. Y S “They need ers have seen prime Media buyers praise Mr. Silverman’s a defining 13% time viewing de- openness to trying new things.If they don’t night,” says cline this season. like Knight Rider as a show, they like that Jason Kanef- ABC’s overall it lets Ford vehicles take a starring role. 51.6 240,000 7.1% sky, director of 18% plunge among But they also say that there’s no substi- Record low hit in Number of U.S. Decline in national broadcast 18- to 49-year-olds is tute for hits, and for getting NBC out of NYS consumer jobs cut by Bloomberg/Crain’s confidence index in employers in NY weekly stock at media buying even worse than the ratings basement. October October index agency MPG. “If NBC’s drop of 17%. “They’ve got a tough road,” says David (Siena Res. Inst.) (Dept. of Labor) viewers don’t NBC executives Scardino, entertainment specialist at ad- know what to fault last year’s writ- vertising agency RPA. “Clearly, [Mr. Sil- METER CHANGE from previous week expect, they ers’ strike for some verman] has got to do better.” - won’t tune in.” of their problems And they and insist that COMMENTS? [email protected]

2 | Crain’s New York Business | November 10, 2008 CNYB 11-10-08 A 3 11/7/2008 8:11 PM Page 1 Bakers hold prices Timing off on as costs decline city’s Steep falls in charges usually fear that the de- butter, fruits, nuts and choco- raised prices about 25% on his most creases are temporary,” late—the prices of which are popular items, including croissants, raises for flour and fuel fail says Mike Woolverton, still high. muffins, bread and bagels. a grain economist at Food costs were up 6% in Mr. Zaro insists that the hike to show up on shelf; Kansas State Univer- September from a year earlier, didn’t completely cover inflation on sity. according to the Consumer flour, for which he pays market Pay hikes for union variety of reasons Tom Cat Bakery in Price Index. Fresh fruit rose rates.“I don’t see a price decrease or workers despite Long Island City, by 9%, eggs and butter [another] increase happening until BY LISA FICKENSCHER Queens, were up 4% each, and the spring,” he says. cutbacks elsewhere sugar was up 7%. with the price of everything Stuart Zaro,co- Productivity gains from flour to fuel spiking earlier owner of Zaro’s bakers did more than raise their BY DANIEL MASSEY this year,most of the city’s commer- prices as fuel and wheat costs cial bakers didn’t move fast enough soared. Many retooled to be more last monday, Mayor Michael to raise their own prices. nimble and efficient. Bloomberg stood in the Blue Room Now that key commodity prices Mr.Nordquist concedes that the at City Hall to announce a two-year are dropping, those same business- flour crisis “turned out to be a good contract that provides 100,000 mu- es are dragging their feet on rolling thing.” He hired a consultant to nicipal workers in District Council back the hikes. They cite weaker show him how to use his ovens 37 with 4% annual raises. sales and higher costs for other in- more efficiently and got better at The increases didn’t come as a gredients, as well as the fact that estimating how many bagels to surprise—they followed a pattern they are locked into long-term con- make,reducing the number thrown set in contracts with the unions rep- tracts for flour. Some add that their out or given to food charities. resenting police, firefighters, sanita- increases—as much as 25%—never “We might have cut our waste tion workers and correction offi- fully reflected their higher costs. from more than 5% to 2%,” Mr. cers—but the timing did. “We will never make the money Nordquist says. On Wednesday, Mr. Bloomberg back that we lost,” says Cliff Famous Famiglia, a White stood in the same room and ex-

BLACK HOLE: “We will buck ennis Nordquist, co-owner of Bronx- never make the money Plains-based operator of dozens plained how he would have to lay off based Just Bagels, whose costs have back that we lost,” says Cliff of pizzerias nation- 600 city workers,cancel property tax spiked $1 million this year largely Nordquist of Just Bagels. wide, took a dif- rebates, eliminate a Police Academy because of flour inflation. HOW IT SLICES ferent approach, class and cut $566 million from ed- Nonetheless, prices have Breakdown of the cost of a loaf of bread. says Chief Operat- ucation to help close a $4 billion dropped dramatically in recent ing Officer John P. budget gap through 2010. months. Wheat is selling for $5.45 won’t be doing roll- Kolaj. a bushel,down 77% from its Febru- backs soon, says Anticipating a Raises costs $1.3 billion ary peak of $24. Similarly,oil prices Chief Operating sales decline, man- the juxtaposition of the raises have plunged 59% from their July Officer Matthew agement 10 months against the dire fiscal news prompt- peak, to just over $60 a barrel last Reich. First, fewer ago raised hourly ed critics to charge that the mayor week—an 18-month low. visitors to the city’s workers’ pay had acted irresponsibly. hotels and restau- nearly 14%, to “I think the mayor got ahead of Surcharge rollback rants—Tom Cat’s $10.60, and himself,” says Charles Brecher, ex- in response, Mr. Nordquist is cut- primary customers— started a sales- ecutive vice president of the Citi- ting prices for fresh products by 5% means sales are off by training program. zens Budget Commission. “He set for his hotel, restaurant and bodega a few percentage Though Famous this pattern, and now he’s commit- customers in the city.He is also giv- points.And Tom Cat ENERGY INGREDIENTS LABOR TRANSPORTATION Famiglia’s revenues ted to these raises at the same time ing distributors a small break on has fixed-price flour are up 10.3% from a when everybody else is having neg- frozen bagels, following rollbacks contracts that run year ago, “we’re still ative changes in their pay.” in fuel surcharges. until April. in the hole,” Mr. Mr. Bloomberg budgeted an ad- Even such modest reductions “We can’t take 25% 25% 25% 25% Kolaj says. “Our ditional $1.3 billion over five years exceed the moves by most bakeries. advantage of the profits have de- for the city’s labor reserve to help pay “When costs subside, bakers price decreases,” Mr. Reich says. Bakery, which has a dozen stores in clined because of higher prices.” for the union pay increases—dollars and retailers are slow to lower their Flour accounts for about 20% of New York City,estimates that he has that critics say should be spent else- prices because they are paying Tom Cat’s ingredient costs. The paid $750,000 more for raw materi- COMMENTS? where during these tough economic catch-up with their lost profits and company also uses mountains of als this year. Four months ago, he [email protected] See POORLY TIMED on Page 9

BY THE NUMBERS

Farewell to all that Net earnings Dividends Bonus payouts THE ANNUAL WINTER BACCHANAL known as Wall Street bonus season will be subdued this year, and it should be. As the Treasury shovels $125 billion into $44B propping up banks, public outrage at the mere idea of large bonuses makes it impossible for financial firms to $3B shower employees with anything near the windfalls $78B $5B they’ve enjoyed in recent years. As the chart shows, $22B $6B bonus and dividend payouts exceeded net profit at four $48B of the big five banks from 2003 to 2007. A recent study $40B $34B $39B $36B $39B $26B $22B by Johnson Associates, a Manhattan compensation $11B consultant, says that bank executive paydays could plunge by 70% and that the rank-and-file can expect drops of about 40%. —AARON ELSTEIN

Source: Thomson Reuters

November 10, 2008 | Crain’s New York Business | 3 CNYB 11-10-08 A 4 11/7/2008 8:13 PM Page 1

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APPAREL FIRMS’ FORTUNES UNRAVEL

Sagging consumer confidence and rising -22% unemployment are -26% choking off department -41% store sales as we head into the crucial holiday season. Warnaco Ann Taylor J. Crew

4 | Crain’s New York Business | November 10, 2008 Project1 10/30/08 1:25 PM Page 1

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Magnificent NEW YORK,NEW YORK Sublease Opportunity edited by Valerie Block

1211 AVENUE OF THE AMERICAS Another cable TV comic gets with print of Class A office space 25,438 RSF ike almost any comic with a following these days, Sarah LSilverman is shopping a book. Hard on the heels of Tina Fey’s ∙ Part 30th Floor $5 million deal with Little Brown, Ms. Silverman is looking to sell a ∙ Through November 30, 2013 collection of comedic essays she has yet to write. She has already received GO, DADDY-O ∙ Financially secure sublessor an offer of at least $2 million, according WITH CORPORATIONS cancel- to an industry insider. ing holiday parties, one event ∙ Move-in condition “There’s been a huge response—comedy space is making good use of its Dan downtime. From Dec. 20 is hot right now,” says her agent, through Jan. 3, the Edison Ball- Strone. Another of his clients, Stephen room in Times Square, formerly Colbert, wrote the best-seller I Am America The Supper Club, will be open to (And So Can You!). the public for swing dancing to Hank Walker Faced with declining sales, publishers are the 22-piece George Gee and 212.326.4774 the Make-Believe Ballroom increasingly drawn to reliable genres and to Orchestra. Revelers pay $200 [email protected] authors who market themselves. In addition for dinner and a preshow with to her eponymous show on Comedy Lindy Hoppers and tap dancers, Central, Ms. Silverman has had YouTube or $75 just to bop the night

getty images away. hits this year, including the pro-Obama Great Schlep, in which she urged young Jews to get their grandparents in Florida to vote for the Mr. Izzard says he got the idea for the film after he ran into Democratic presidential candidate. Samuel L. Jackson, who asked about Publishers “have been chasing her for a while,” says a top the show. editor at a New York house. Hospitality guru donated to The Animal Medical trades down Luxury pet pads Center.The auction ends Nov. 18. a bargain luxury hospitality guru Richard Long established Born, co-owner of the swanky commitment trouble, Leona Helmsley’s trust- Embarrassment Maritime, Chambers and Mercer fund dog, won’t be the only four- of Riches hotels, has a more practical side: legged friend living in luxury. He recently opened a single-room Weiser LLP Starchitect-designed abodes for bereft fans of canceled cable TV occupancy property where guests Certified Public Accountants pampered pets go up for auction series The Riches, lament no more. share a bathroom and pay as little on eBay today, with bids starting Co-star Eddie Izzard (right), as $99 a night. at $15,000. who played Wayne Mr. Born debuted Jane in The price tag may be eye- Malloy to Minnie Driver’s September with another popping, but buying a doghouse Dahlia, plans to make entrepreneur, Sean to the (below) built by William Pedersen is a movie of the cult hit. MacPherson, who is also a New York City New York far cheaper than purchasing a When cornered at partner in the über-trendy 135 West 50th Street New York, NY 10020 business community condo at One Jackson Square in CNN’s election night Waverly Inn, along with Tel 212.812.7000 Greenwich Village. Apartments party, the occasionally Vanity Fair Editor Graydon Fax 212.375.6888 For nearly a century,Weiser has provided there, which Mr. Pedersen cross-dressing British comic Carter. Long Island accounting, tax, and consulting services, such designed for humans, start at $2.2 said he has met with FX, the cable Whereas others steer clear of 3000 Marcus Avenue as state and local tax planning, internal audit million. Also on auction are a network that ran the program, and “fleabag” territory, Messrs. Born Lake Success, NY 11042 outsourcing, and business restructuring, birdcage created by I.M. Pei had a meeting scheduled for last and MacPherson see gold in their Tel 516.488.1200 to private clients and business enterprises, offspring Sandi Pei and a cat condo Friday. He blames the show’s venture. Fax 516.488.1238 including closely-held and emerging entities, courtesy of Bartholomew Voorsanger. failure on fractured TV audiences Mr. Born opened a similarly Westchester in a variety of industries including: Indulging the family pet has and the archaic Nielsen ratings frugal hotel, The Pod, last year 660 White Plains Road side benefits, too. All the money system, which he says uses “boxes and got surprising results. “On a Suite 430 • Real estate raised from the auction will be from the 1950s.” dollar-per-square-foot basis, Tarrytown, NY 10591 • Manufacturing and distribution revenues at The Pod are the same Tel 914.333.0555 • Auto dealerships Fax 914.333.0556 as those at the Mercer, which • Media and communication charges $780 a night,” he says. • Banking New Jersey But guests at the posh hotels 399 Thornall Street • Food and dairy might never associate them with Edison, NJ 08837 • Health care their downscale cousins. “We are Tel 732.549.2800 • Financial services Fax 732.549.2898 not actively promoting the fact • Professional services that we own these other prop- www.weiserLLP.com • Not-for-Profit erties,” Mr. MacPherson says. For more information, contact Douglas Phillips at 212.375.6701. Contributors:Theresa Agovino, Lisa Fickenscher, Matthew Flamm

6 | Crain’s New York Business | November 10, 2008 CN012455 10/17/08 5:39 PM Page 1

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Wells Fargo Private Bank provides financial services and products through Wells Fargo Bank, N.A. and its affiliates. Insurance products are available through Wells Fargo Investments, LLC or licensed affiliates. Please consult your professional tax advisor to determine how this information may apply to your own situation. © 2008 Wells Fargo Bank, N.A. All rights reserved. Member FDIC. CNYB 11-10-08 A 8 11/7/2008 8:43 PM Page 1

Obama administration and NY

Continued from Page 1 pected to push an urban agenda that includes increased spending on BEATING A PATH TO THE POTOMAC mass transit, health care and afford- HIGH-PROFILE ENDORSERS of victorious presidential candidates often line up able housing—all key to New York’s for White House appointments. But the payoff for New Yorkers from Barack economy and quality of life. Obama’s success will be scant, as the vast majority endorsed Sen. But his tax proposal could more Hillary Clinton in the Democratic primary. That includes all 23 than offset benefits,observers warn. Democratic members of New York’s House delegation. “I expect that the improvements Robert F. Kennedy Jr. (left) is one New Yorker who may be SUCH A DEAL: that President-elect Obama will heading to the Capital. A leader of the environmental group The number of make in health care, transportation, Riverkeeper, Mr. Kennedy could be tapped to head the sample events infrastructure and public housing will Environmental Protection Agency. Mr. Obama is expected to name a Treasury is up 40% this benefit the vast majority of working secretary quickly. Timothy Geithner (below left), head of the Federal month over last families and middle-class New York November. City residents,” says Assemblyman Reserve Bank of New York, is reportedly on the short list for the job. New Hakeem Jeffries, D-Brooklyn. Yorker Jeh Johnson (right), an early Obama supporter and Rep. Jerrold Nadler, D-Manhat- partner at law firm Paul Weiss Rifkind Wharton & Garrison, tan, adds that Mr. Obama will de- is reportedly in the running for White House counsel. emphasize military spending, of Eight city politicians—all African-American which New York receives little.“The Democrats—bucked Ms. Clinton to campaign for Mr. city is going to get a much larger pro- Obama, but they lack stature for senior administration posts. portion of federal money,” the con- They are state Sens. Kevin Parker, Eric Adams and John Sampson of gressman says. He anticipates that Brooklyn, and Bill Perkins of Manhattan; and Assemblymen Hakeem Jeffries Mr.Obama will support federal stim- and Karim Camara of Brooklyn, Adam Clayton Powell IV of Manhattan, and ulus packages that include direct aid Michael Benjamin of the Bronx. —ERIK ENGQUIST AND MATTHEW SOLLARS to the city and state and that his green initiatives will create jobs here. tute,calculates that over two years,the lower incomes will spend their tax Income redistribution Obama tax cuts would be worth $13 breaks here. The rich “are not folks but the obama tax plan would billion to some state residents but in- who were putting money back into raise the top marginal rate on ad- creases would cost others $16 billion. our economy necessarily,” says Rep. Luxury goods justed gross incomes of $250,000 or “The income redistribution Yvette Clarke, D-Brooklyn. more, while lowering taxes on most would bleed off $3 billion to other Mr. McMahon calculates that big people who earn less. New York has states,” Mr. McMahon says. In 2007, earners will react to higher federal more high earners than any state New York sent $86.9 billion more to rates by exposing less of their income for the sampling except California. Two years ago, federal government than it got back, to taxes.That will cost the state $1 bil- 328,000 New York tax returns the largest discrepancy of any state. lion and the city $285 million in rev- showed an adjusted gross income of Democratic officials predict that enue, Mr. McMahon estimates. their inventory.People have realized $200,000 or more. . even if the tax outflow increases un- Pre-holiday sales that going direct-to-consumer is it.” E.J. McMahon, a senior fellow at der the Obama plan, the local econ- COMMENTS? explode as even Ms. Lazar’s newsletter high- the conservative Manhattan Insti- omy will gain because people with [email protected] lighting sales and bargains has re- high-end designers cently listed sample events for such look to unload labels as Andrew Marc,To Boot and Lafayette 148. The axman cometh BY ADRIANNE PASQUARELLI Deep discounts to entice consumers, some are Continued from Page 1 the collapse of the technology stock spending lavishly is not stylish lowering prices for sales that charge go with fewer people for a prolonged bubble earlier this decade derailed this holiday season, so makers of lux- admission. Lucky magazine held its period.” the money management business. ury goods are banking on bargain annual event last weekend. The Just last week, mutual fund giant Thanks to unending streams of shoppers and throwing more sample Condé Nast title halved the price of Fidelity Investments announced funds flowing in from baby boomers sales,where leftover designer duds are advance tickets for the extravagan- that it would lay off 1,300 people— and others saving for retirement, sold for a fraction of the original price. za—a portion of the proceeds go to 3% of its workforce—and warned of firms never had to do more than Sample sale bookings at Metro- charity—and sold twice as many as another round of cuts early next year. slow down their hiring. politan Pavilion, an event space in it had last year. Other big fund companies, includ- Industry growth was especially Chelsea, have risen 35% this year. “The customer is looking for ing Janus and Legg Mason, last fast for the past three years.Between Many of the reservations have value and things at a great month announced even steeper cuts. 2005 and 2007, firms added 21,000 been made by lines,includ- price,”says Kathy Bradley- Meanwhile, AllianceBernstein said employees, according to the Invest-

ing Dolce & Gabbana, Riley, senior vice presi- that for the first time, it would start ment Company Institute,as their as- lindström bekka Sergio Rossi and YSL, dent of merchandising sacking people across the board. sets under management ballooned that have never used at Doneger Group, a “This will be very draconian,” by one-third, reaching $12 trillion. $157 million, and net income sank the facility before. fashion consulting lamented AllianceBernstein’s presi- 40% in the quarter. The firm’s stock “Not everyone can firm. “Customers, dent,Gerald Lieberman,in a confer- End of an era price has plunged 72% this year. afford designer labels at particularly in the ence call last month, according to a those days are over.Assets under AllianceBernstein also made the regular stores now,but New York area,rec- transcript from SeekingAlpha.com, management in equity funds de- some rotten investment decisions. the sample sales are al- ognize key brand a market analysis Web site. clined 24% this year through Sep- It was Lehman Brothers’ largest ways packed,” says Shelly Taggar, labels, and sample sales could be- Brokerage firm Fox-Pitt Kelton tember; they dropped 12% in Sep- shareholder, for example. Metropolitan Pavilion’s director of come more appealing.” estimates that it will ax 850 people. tember alone, according to ICI data. AllianceBernstein’s earnings per sales and creative services. In contrast to the sales surge,hol- The cuts come in response to an Meanwhile, investor withdrawals share are expected to decline by 34% iday party bookings at Metropolitan abrupt $127 billion tumble in its as- are soaring off the charts. In the first this year, according to Thomson Big numbers Pavilion are down by as much as 10% sets under management in the third nine months of the year, customers Reuters,and to fall further next year. according to Lazar Media from 2007, Ms. Taggar says. Many quarter alone. snatched $125 billion out of equity No wonder managers at the firm Group, which has published lists of banking clients who reserved space First to go at the money manage- mutual funds. In October, they were ordered to decide which em- sample sales for two decades, the in previous years have canceled their ment firms will be administrative pulled out a record $68 billion, ployees they can do without. number of sales this month in New events or cut down on food and bev- and back-office personnel. Over TrimTabs Investment Research says. Their peers at firms across the York will beat last November’s num- erage, as well as guest lists. time, however, the axman is widely The damage is most visible at city are working on similar assign- ber by 40%. The organization pre- Some of fashion’s most famous expected to move up the pecking or- publicly traded investment giant ments. “I’ve been serving the fund dicts that the December tally will names are scaling back. Designer der to research analysts and fund AllianceBernstein, which boasts industry for 26 years and have never jump as much as 60% year-over- Marc Jacobs just announced the managers. A survey showed that the 5,660 employees and nearly $600 seen a time when you’ve got whole- year and that prices will be discount- cancellation of his holiday party, an latter were paid an average of billion of assets. sale cuts like this,”says Larry Lieber- ed by as much as 90%. 18-year tradition scheduled for $460,000 in 2005, the most recent Total assets shriveled by 18% in man, a senior managing director at “There will be an explosion in Dec. 10 at the Rainbow Room. year for which data are available. the third quarter, as the value of its recruiting firm The Orion Group. December,” founder Elysa Lazar It’s a startling turn of fortunes for investments plummeted and cus- says. “Everyone is looking at this as COMMENTS? an industry that has never before tomers withdrew a net $15 billion. COMMENTS? the only opportunity to liquidate [email protected] witnessed such broad cuts.Not even As a result,advisory fees dropped by [email protected]

8 | Crain’s New York Business | November 10, 2008 CNYB 11-10-08 A 9 11/7/2008 2:58 PM Page 1

Poorly timed city union raises

Continued from Page 3 ties.Boston police officers got 3.5% a adelphia police officers got 5%, times. The DC 37 contract alone— year over four years in a June 2007 though that was offset by a decrease which covers parks employees, cler- deal. Some 10,000 Chicago public in the city’s contribution to the ical workers and others—will add school custodians, security guards union’s health fund. $370 million to the city payroll. and lunchroom staff will gain a little Jeffrey Pollack, head of the labor The raises negotiated with the more than 3% a year over five years as and employment practice at law municipal unions are higher than a result of an August 2007 contract. firm Mintz & Gold, says the raises recent private-sector increases, And in Houston, 13,000 city em- are not extreme but that Bloomberg which averaged 3.1% through the ployees won 3% a year over three could have cut a better deal. first three quarters of 2008 from the years in an August 2007 contract. “In these economic times, I year-earlier period, according to the would have expected to see some- PLANNED: Mayor Bureau of Labor Statistics. Some even higher thing closer to 3%,” Mr. Pollack Michael Bloomberg They were also higher than the in contrast, 22,000 Los Angeles says. “It’s a little heavy, but I don’t argues that the pay city’s inflation rate, which was 3.7% workers got raises averaging 5% an- think it’s outlandish.” increases were accounted in 2007 and 2.6% in 2006 year-over- nually over five years in an agree- for in the city’s reserves.

year. Inflation was running 4.1% ment reached last December. Phil- COMMENTS? [email protected] nyc.gov through September over the previous 12 months, largely as a result of soar- ing prices for commodities, includ- ing oil, which have since dropped. “It would be surprising if inflation was 4% for the last 18 months of this contract,”says Nicole Gelinas,senior fellow at the Manhattan Institute, a conservative think tank. “It’s a mis- take to lock in these long-term costs when we have no idea how much worse things are going to get.” Mr. Bloomberg defended the in- creases during last week’s contract announcement.“We set aside mon- ey in the budget for modest wage in-

CASH CUSHION FOR HARD TIMES Recent raises for municipal workers around the country: Los Angeles 5% municipal workers Philadelphia 5% police officers New York City 4% municipal workers Boston 3.5% police officers Chicago public school 3% workers Houston 3% municipal employees

creases that will keep city jobs at- tractive and competitive,”the mayor said.“In these difficult times, we are not going to walk away from core city services.” But New York was paying enough to keep employees from jumping ship—especially in the cur- rent labor market, Ms. Gelinas says. No competition “nobody’s going to quit their job right now and say, ‘I’m going to try my luck in New York City’s private- sector labor market,’ ” she says. “You’re lucky in the private sector this year if you’ll get a raise at all, so we don’t need to do this in the pub- lic sector.” If raises were handed out, they should have been tied to increased productivity or employer contribu- tions to health care costs, Ms. Geli- nas says. The mayor had pushed for such measures in considering raises in previous bargaining rounds but was silent on them this time around. City workers have done well com- pared with some other municipali-

November 10, 2008 | Crain’s New York Business | 9 CNYB 11-10-08 A 10 11/7/2008 2:06 PM Page 1

VIEWPOINT Paterson’s conservative ally editor in chief Rance Crain publisher, vp Jill R. Kaplan emocrats may hold all the power in breaks for specific interests in return for campaign editorial director Greg David Albany following Tuesday’s election commitments. EDITORIAL editor Xana Antunes victory, but the key decisions about the On the other hand, if one of the liberal Democrats ousts managing editor Robert Hordt budget, spending and taxes will be a Mr. Smith, the result would be an orientation virtually deputy managing editors Valerie Block, Erik Ipsen struggle of two against one.The identical to Mr. Silver’s, and the governor will be the odd contributing editor questions: Which two, and who is the man out. Elizabeth MacBride columnist Alair Townsend odd man out? While the struggle over philosophy plays out on the front senior reporters Theresa Agovino, The key is whether the current ranking Senate Democrat, pages, the three most devoted allies of the Senate Aaron Elstein, Erik Engquist, Lisa Fickenscher, Malcolm Smith of Queens, ascends to the majority leader’s Republicans will be scrambling to preserve their clout. Matthew Flamm, Miriam Kreinin Souccar D reporters Barbara Benson, Amanda Fung, spot. First, he must put down rumblings from an The New York real estate industry faces the most difficult Daniel Massey, Adrianne Pasquarelli, Hilary Potkewitz, Gale Scott, Matthew Sollars independent caucus of four Democrats, led by Brooklyn’s predicament, since Senate Republicans have diligently restaurant critic Bob Lape Carl Kruger, threatening to join the Republicans to keep protected it and it has art director Steven Krupinski deputy art directors Carolyn McClain, that party in charge of the Senate. Even if that doesn’t Malcolm Smith’s little sympathy in the Daniel Mednick happen, Mr. Smith could face a challenge from one of the Assembly.The industry staff photographer Buck Ennis copy desk chief Wendy Zuckerman city’s mainstay liberal senators, including Eric Schneiderman help is crucial is worried that vacancy- copy editors Michele Arboit, or Jeff Klein. decontrol provisions Thaddeus Rutkowski to achieving the research editor Denise Southwood The outcome is crucial, because Mr. Smith is the most that allow it to convert www.crainsnewyork.com conservative Democratic player in Albany and can be governor’s cuts rent-regulated web producers Kira Bindrim, expected to be an important ally of Gov. David Paterson on apartments to market Elisabeth Butler Cordova the key issues to be decided in the coming months.They rents will be eliminated. EDITORIAL AND ADVERTISING OFFICES 711 Third Ave., New York, NY 10017-5806 both want to reduce state spending in line with the sharp The health care editorial: 212.210.0277 Fax 212.210.0799 advertising: 212.210.0259 revenue decline. Both are most likely willing to push tough workers union SEIU Cable craincom nyk permanent reforms in education and health care, and both 1199 and its allies at the Greater New York Hospital Fax 212.210.0499 Entire contents ©copyright 2008 Crain say they will agree to tax increases only as a last resort. Association have also lost badly.They essentially bankrolled Communications Inc. All rights reserved. ®CityBusiness is a registered trademark of MCP As such, they would stand together against Assembly the GOP in return for defending hospital spending.The Inc., used under license agreement. Speaker Sheldon Silver. While Mr. Silver has recognized the union, at least, can count on help from the Assembly. TO SUBSCRIBE: severity of the state’s circumstance—a $12.5 billion gap, which And finally, Mayor Michael Bloomberg, who gave Call 888.909.9111; fax 313.446.6777. $3.00 a copy, $59.79 one year, $109.79 two years. amounts to about 10% of next year’s budget—he will favor generously to the Senate Republicans and received their www.crainsnewyork.com

starting by raising taxes and trimming the budget in a fashion support on all important issues, will see his influence ADVERTISING AND MARKETING that protects unions and the system of local education aid. diminished.The city’s Democratic representatives in Albany senior account managers Mr. Kruger’s group actually joining with the GOP would will do their best to guard the money the city receives from Cornelius P. Gore, William E. Squitieri commercial real estate sales manager put Long Island Republican Dean Skelos in charge and put the state, but they can’t be counted on to support other parts Cory Marks us back in the Silver-Bruno era. State spending will continue of the mayor’s agenda, such as congestion pricing or account executives Irene Irvill, Courtney McCombs, Anthony Mowad to be tilted toward wealthy Long Island school districts, and economic development initiatives. western account manager hospitals will get special treatment.Taxes will go up a lot, Ellen Mazen (Los Angeles) 323.370.2477 sales manager, classified although Senate Republicans will be happy to arrange tax COMMENTS? [email protected] print & online John Gallagher sales coordinator, print & online Lulé Haznedari sales coordinator Anita Perrino credit Todd J. Masura 313.446.6097 LETTERS TO THE EDITOR marketing director Amy Crossman marketing manager Jill H. Bottomley marketing coordinator Jenny Mashberg circulation manager Andrea Richardson assistant circulation manager Keeping home care cost-efficient Rosalie Ford general manager, interactive Marc Minardo the hospital for acute care—often READERS’ COMMENTS administration through the web developer, interactive at great cost to Medicaid. midterm elections. Chris O’Donnell Home care providers certainly Crain’s poll respondents comment on If he can avoid foreign policy NEW YORK PRODUCTION understand that New York state the prospects for President-elect fiascos and even put in some production and pre-press director faces enormous fiscal challenges. Barack Obama. humane, people-oriented Michael Corsi But such a stark economic reality programs (foreclosure relief ), advertising production manager Marilyn DeMilta PATIENTS NEED also means that patients now more EARLY INDICATIONS are that the midterms should go his way, STRONG SAFETY NET than ever need a strong health Obama is putting together a too. PUBLISHED BY CRAIN COMMUNICATIONS INC. care safety net, especially those highly experienced, centrist team david arnow chairman Keith E. Crain visiting nurse service of New medically needy individuals with a clear focus on fiscal policy president Rance Crain York’s technological solution for requiring post-acute or long-term and congressional relations. This I THINK OBAMA’S approval rating a secretary Merrilee Crain enhancing patient care highlights health care at home. is in marked contrast to the year from now will be dependent treasurer Mary Kay Crain executive vp, operations William Morrow an exciting time of innovation in I encourage state leaders as giddiness of the early Clinton on much more than the state of senior vp, group publisher Gloria Scoby home health delivery (Crain’s, they return to Albany on Nov. administration. One hopes that the economy. I think he can easily group vp, technology, circulation, Oct. 20). But it also highlights the 18—during National Home Care this will lead to an early, effective, top 60% as long as the general manufacturing Robert C. Adams significant startup costs that greet Month—to consider affirmative aggressive, strategically aimed perception is that things have vice president/production & provider innovation. solutions, like those employed by stimulus package that will turned around and there are some manufacturing David Kamis chief information officer Paul Dalpiaz As your report shows, health VNS, for making Medicaid more actually help the economy. clear signs of improvement. corporate circulation director management technology is clearly cost-efficient without As long as [President Obama] Transparency and honesty from Patrick Sheposh a sound investment, as the flow of jeopardizing patient care. can generate some improvement his administration would also be real-time data between records joanne cunningham in the economy (or take credit for a good step toward restoring founder G.D. Crain Jr. (1885-1973) chairman Mrs. G.D. Crain Jr. (1911-1996) systems and clinicians in the field President improvement), he and the public trust in the executive can reduce a patient’s chances of Home Care Association Democrats will be able to continue branch. getting sicker and having to enter of New York State to run against the Bush steven tom

10 | Crain’s New York Business | November 10, 2008 CNYB 11-10-08 A 11 11/7/2008 12:36 PM Page 1

Porsches, ultra-expensive condos at the Plaza or vacation homes in the Hamptons. Young Wall Streeters often use their windfalls to pay for their weddings or down payments on their homes in the city. A good number stash them away because they expect sooner or later to lose their jobs. The impact of Wall Street’s pay ripples throughout the economy. Real estate expert Jonathan Miller says apartment purchases by those in the securities industry are the sin- gle most important factor in the strength of the city’s housing mar- ket. The city gets 9% of its revenue from Wall Street,and the state relies on it for 20%. Bonuses are key to spending on education, health care What’s the best balance and police. between buying and leasing Some people do make obscene amounts of money on Wall Street, office furniture? but many of them do more than spend it for their own pleasure. john h.john howard Last week, the New York Public CORT can help you calculate. Library raised more than $2.5 mil- lion at its annual Lions dinner. Six Buying office furniture can be tricky. How much will wealthy New Yorkers—four of Making the case whom made their money on the you need? How long will you need it? What if you Street—essentially covered the cost add or reduce staff? What if you need to update? of the event so that everyone else’s money went entirely to the library. Renting from CORT can help you remain flexible. We’ll for Wall St. bonuses The names Pincus, Fuld, Rohatyn and Schwarzman are familiar to find the smartest lease option for you, so you can he line “Wall Street versus Main Street” has be- everyone. The billions Stephen change when you have to. Fast, flexibly and affordably. Schwarzman has made at Black- come a mantra this fall.They shouldn’t be enemies, stone are financing a major, vitally One call and you’ll get it all: quick delivery, great especially in New York. needed expansion of the famed office furniture and superior customer service. It is understandable that politicians from Cal- Fifth Avenue landmark. No bonan- za, no new library. ifornia and Massachusetts want to prevent secu- Even in New York, tension has Long Island Trities firms from paying out bonuses this year. Liberal Demo- always existed between Wall Street 631.420.5802 crats like Henry Waxman and Barney Frank have never liked and Main Street. A longtime editor Manhattan of Crain’s always complained about Wherever you’re heading, 212.867.2800 how she was barely middle class, we’ll be there. Connecticut

the titans of Wall Street. don’t get almost equal when in fact her family income put A Berkshire Hathaway Company 203.353.0400 No such pass for New installments each month her in the top 10% of New Yorkers. CORT.com North Brunswick, NJ York Attorney General with a small added dol- Writer and entrepreneur Penelope 732.729.4744 Andrew Cuomo, who lop of cash at the end of Trunk made her name in the city Northern New Jersey has joined the no-bonus the year.Their monthly and moved to Madison, Wis., be- 201.288.0153 camp, apparently clue- checks are small, with cause even with a salary of $200,000 less on what is at stake their contingent com- “nobody feels rich in New York.’’ for the city’s economy pensation, usually paid This year, bonuses will be less and the state budget. out early in the year, ac- than half of the $33 billion handed True, Wall Streeters counting for half and out in 2006 and 2007. If Messrs. make more than just sometimes two-thirds Waxman, Frank and Cuomo have about anyone else—an GREG of their take-home pay. their way, the figure will be even average of $360,000 in DAVID Eliminating their bo- smaller. Then we’ll all find out that recent years. But there nuses is not like skip- it is better not to feel rich than not are some economic facts ping other people’s. to be rich. of life that need to be recognized. Even at $360,000, most people People in the securities industry on the Street aren’t able to afford COMMENTS? [email protected] VIPVIP Clients Clients •• CRAIN’S ONLINE POLL VIPVIP EventsEvents VIPVIP VenuesVenues What will Barack Obama’s approval rating be a year from now? We rent peace of mind. Nationwide rental, staging, sales and 402 VOTES Below 30%, as he Date of poll: Nov. 5 continues to installation of state-of-the-art audio 28%. struggle with a visual equipment at the most recession competitive rates. Around 50%, as the economy gets 52% slightly better . Above 70%, as the 20%. economy rebounds strongly 1.800.862.3210

bloomberg news www.kvlav.com For readers’ comments, see Letters to the Editor on Page 10. Depend on KVL like CRAIN’S

November 10, 2008 | Crain’s New York Business | 11 CNYB 11-10-08 A 12 11/7/2008 1:38 PM Page 1

establishment who believes that City Comptroller William Thompson will ultimately run for mayor next STATE SENATE Out in left field THE INSIDER year. Mr.Thompson says that he is REGARDLESS of whether Malcolm Smith (below) or someone else lands the running for mayor now and that he job of majority leader of the state Senate, the new Democratic majority will by Erik Engquist and Matthew Sollars will still be running for mayor in six shift the chamber’s politics decidedly leftward. months. However, he could Initiatives routinely banished by Republicans at the technically decide as late as June to request of business interests—expanded rent regulation, seek re-election as comptroller. paid family leave, nickel deposits on bottles of noncar- One veteran of New York bonated drinks, the millionaires’ tax and others—will have Forget the rebate politics says Mr.Thompson is not the wind at their backs come 2009, when 32 Democrats getting around the city and doing will file into the 62-seat chamber. The Democrats check, mate the things that a mayoral candidate probably won’t start pushing such controversial items typically would do at this point in until May or later, because they must first close a $12.5 he checks, it turns out, the election cycle. billion gap in the $120 billion state budget. were not in the mail. The Senate’s new political stance is likely to manifest itself in the budget City homeowners won’t GOP leader process as well. For example, Democrats are more likely to agree to the T closing of prisons that are underutilized, while the GOP views them as crucial get the $400 property-tax rebate under fire employers in struggling upstate areas. checks that they’ve been receiving with new york republicans Whether Senate Democrats defend funding for health care as fiercely as for the past four years, and that’s nearly shut out of House seats and Senate Republicans, who receive huge financial support from the industry not the least of it. Last week, May- clinging to relevance in the Leg- and its main labor union, is certainly an open question. ap images or Michael Bloomberg laid out a islature, calls for state Republican On the key issue of rent regulation, 21 Senate Democrats are sponsoring midyear budget plan to hike taxes and fees by more than $900 Chairman Joseph Mondello’s head a bill to eliminate vacancy decontrol. Sen. Liz Krueger, will grow. D-Manhattan, says the measure “could be part of a much million and trim spending by $1.5 billion. Shredding the checks One GOP consultant says Mr. bigger housing agenda that I believe we need to go forward will save $256 million, and the mayor wants to extract $576 Mondello is the “loser of the on.” At the very least, the new Senate can be expected to million from all property owners by rescinding the 7% prop- decade” for failing to find a raise the $2,000 monthly rent threshold at which rent- erty tax cut that was introduced when city coffers were flush. replacement when scandal struck regulated apartments can be unleashed on the open Rep. Vito Fossella.The party was market. Senate Republicans, who had been clinging to istockphoto The City Council immediately kind of question that can be litigat- also caught short when Reps. Jim power in an increasingly blue state thanks in part to campaign contributions cried foul, because the rebate is a ed,” says Councilman Lew Fidler,a Walsh and Thomas Reynolds retired. from landlords, will be helpless to intervene. backdoor way to cut the taxes of peo- lawyer who represents primarily mid- Few seem to want Mondello’s Paid family leave will return to the Senate docket next year, pushed hard ple who own their dwellings—the dle-class Brooklyn homeowners. job, however. Former gubernatorial by the labor-backed Working Families Party. No group was more responsible main constituency of many council By law, the budget gap must be candidate John Faso is one possi- for winning Democratic control of the Senate, and the party expects to be members—without giving the same closed, but the council could argue bility. Attorney Ed Cox says he does rewarded. “Paid family leave is one area where New break to landlords. In contrast, the that the mayor is underestimating not want the job. “Cox may get York is behind other states because the Senate rate increase proposed by the mayor future tax revenues.The council drafted,” says a GOP operative. Republicans were simply not prepared to deal with it,” would be applied across the board. finance staff is prepping its own says Ms. Krueger. “I see that as doable legislation.” The mayor contends that he is projections. City too lax This kind of talk sends a chill through the business authorized to eliminate the rebate community. “Now is no time for anyone to introduce unilaterally, but administration in- A race he won’t run on e-waste paid family leave,” says Kenneth Adams, president of siders admit that it’s a legal gray area, istockphoto the Business Council of New York State. “We can’t since tax rates can’t be changed with- it remains difficult, if not impos- the new york city Department out council approval. “That’s the sible, to find anyone in the political of Sanitation is preparing e-waste have a statewide mandate from Albany on small businesses across the state. In this economy, everybody is struggling to survive.” Business interests are also concerned that Democrats will pursue tax increases to help close the budget deficit. “We’ve got to work with them to prevent any kind of business-specific tax increases—in fact, any tax increases that are going to hurt the economy,” Mr. Adams says. Upstate businesses in particular are worried because the Senate majority YOU CAN’T GET THE FASHION DISTRICT will be dominated by New York City members. “We’ve got to make sure they Times Square understand the statewide consequences of city-instigated policies,” Mr. Adams MORE MIDTOWN Port 42nd Street says, “so they don’t do anything that makes the state less competitive.” Authority Bryant THAN THIS! Park When it comes to location, the Fashion District recycling rules, but environmen- which was already behind schedule talists say the city is ignoring a new for a court-mandated implemen- 5th Avenue has it all: a midtown Manhattan address, premiere Avenue 8th law establishing mandatory tation of new machines by the 2009 tenants, convenient transportation, restaurants, collection standards for electronics elections. manufacturers. “Even before this, it was obvious theaters, shopping, galleries and more! Penn Station 34th Street Local Law 21, which the City they weren’t going to make this Council passed over Mayor Michael deadline with all of the bugs in the Bloomberg’s veto, requires new machines,” says Bo Lipari,an LOOK WHO’S HERE! manufacturers to develop programs election systems expert. to recycle a percentage of the goods In a worst-case scenario, he WHO they sell within the city by 2012. observes, the presiding judge might Theatre Development Fund Kate Sinding, a senior attorney at the say,“I don’t care about standards; TDF is a non-profit organization that supports Natural Resources Defense you will deploy by the deadline theatre and enables diverse audiences to attend Council, says that ignoring the regardless.” live theatre and dance. TDF operates the discount TKTS booths in Manhattan and Brooklyn. minimum collection law has led the department to an unwieldy WHAT approach that won’t please anyone. 11,810 sq. ft.

WHERE No vote 520 Eighth Avenue of confidence BROKER new yorkers may not have seen John Denham & Sarah Eisenger, the last of lever voting machines. Denham Wolf Real Esate SysTest, hired to test electronic voting machines to bring the state into compliance with the Help America Vote Act, has lost its

® accreditation with the U.S. Election www.fashioncenter.com Assistance Commission.That will ® force a delay in testing by the state, getty images

12 | Crain’s New York Business | November 10, 2008 CNYB 11-10-08 A 13 11/6/2008 7:38 PM Page 1

Election gives MSNBC a leg up

for MSNBC,”says independent tel- Hannity. Cable news network evision news analyst Andrew Tyn- CNN remains the go-to news scores with political dall.“They had been looking around network for breaking stories and for ages to have an equivalent tone major events—a status that the elec- programming, beats to Fox from the other side, and they tion only reinforced. It came in first found that sweet spot over the last in all of television on election night, CNN in prime time landov 18 months.” attracting 13.3 million total viewers. KEITH OLBERMANN AND RACHEL MADDOW host prime-time hits for MSNBC. MSNBC, meanwhile, made its BY MATTHEW FLAMM Sustainable success? mark with political commentary like others, though, Mr. Tyndall that was catnip for viewers during Mr. Griffin acknowledges that economy in the tank, a mortgage the 2008 election gave MSNBC wonders if the network’s success will the election season. viewership is bound to fall. But he crisis and a budget crisis,” he says. more than a story of epic propor- last. “It changed from a news channel argues that there are still plenty of “Cable news is driven by politics.” tions to cover. It transformed the Fox has a devoted audience that into a political channel,” Mr. Tyn- political stories that will keep audi- long-suffering cable news network is drawn largely by conservative dall says. “I don’t know what they’re ences tuned in. COMMENTS? into a liberal-leaning ratings winner hosts like Bill O’Reilly and Sean going to do now.” “We have a new president, an [email protected] with serious momentum. The network, perennially a dis- tant third,is suddenly beating CNN in prime time on a regular basis and some nights even edging out Fox News. “We’re in the mix now,”says Phil Griffin, the NBC News senior vice president in charge of MSNBC. “We’ve established ourselves as the Take your cash management No. 2 behind Fox. And No. 1 is in view.” to the next level. CNN sees things differently. “MSNBC has seen spikes [prior to] an election before, and they’ve always dissipated,” says a CNN spokeswoman. But the division of NBC Univer- sal has never enjoyed spikes like its most recent ones. Posting a spectacular finish to its election coverage, MSNBC beat CNN at 7 p.m., 8 p.m. and 9 p.m. among its target audience of 25- to 54-year-olds during the five weeks leading up to the election,according to Nielsen Media Research. For the week of Oct. 27 to Nov. Citibank cash management tools can make a real difference for your business, starting with a great rate on 2, MSNBC’s prime-time hits Countdown With Keith Olbermann a business money market account. But at Citibank, you’ll get more than a great rate, you’ll get the solutions and The Rachel Maddow Show came and tools that only Citibank can offer. We’ll take the time to understand your challenges and champion your in first in their time periods among their target audience—beating Fox business needs. Let our fl exible solutions and dedicated service help take your business to the next level. News heavyweights The O’Reilly Factor and Hannity & Colmes,as Stop by a Citibank branch today or call 866.801.4705 to take advantage of these limited time offers. well as Campbell Brown and Larry King on CNN. Advertisers have noticed. LIMITED TIME BUSINESS BANKING OFFER “We didn’t use them in 2008, but we’re considering them for sure in CitiBusiness Insured Money Market Account 2009,” says Nicole Romanik, vice APY president of national broadcast at media buying agency Initiative. 3.00% Trailing in subscriber fees On balances of $25,000 to $3,000,000 msnbc should also be able to ne- gotiate higher subscriber fees from cable operators. Right now it gets an average of only 15 cents per subscriber, compared with CNN’s 47 cents and Fox News’ 42 cents, A partner A champion according to research firm SNL is good. is better. Kagan. MSNBC is also a distant third in overall revenue:$328 million,versus around $1 billion each for Fox and CNN. MSNBC has clearly been the biggest beneficiary of a historic presidential campaign that brought spectacular growth to all of the cable news channels. But the third-place network also benefited from a strategic decision to become a destination for left- leaning viewers, focusing on a liber- The CitiBusiness Insured Money Market Account (BIMMA) promotional rate is applied only to new money deposited into a new CitiBusiness Insured Money Market Account. New balances are funds not already on deposit with Citibank, N.A. or al audience that had previously been any affi liate. Annual Percentage Yield (APY) is variable, current as of 9/22/08, effective through 12/31/08 and subject to chan ge thereafter without further notice. The entire balance in your account earns the same APY, which is determined by underserved, just as Fox made its the balance in your account. A balance under $25,000 earns a 0.75% APY; a balance between $25,000 and $3,000,000 earns a 3.00% APY; a balance above $3,000,000 earns a 2.00% APY. As of January 1, 2009, standard BIMMA pricing tiers and all other Terms and Conditions of the CitiBusiness Client Manual will apply to your BIMMA. Deposits are subject to Citibank’s standard availability policy. This offer is not valid for public funds. A business checking account is required to open a mark serving conservatives. BIMMA with this promotional rate. Offer is not transferable, cannot be combined with any other offer, and can be discontinued at any time. All accounts are subject to approval. ©2008 Citigroup Inc. Citibank, N.A. Member FDIC. CitiBusiness and “This has been a game changer Citibank and Arc Design are registered service marks of Citigroup Inc. Citi Never Sleeps is a service mark of Citigroup Inc.

November 10, 2008 | Crain’s New York Business | 13

136767_2D_ALT1_v1.indd 1 9/26/08 10:40:55 PM CNYB 11-10-08 A 14 11/7/2008 2:41 PM Page 1

WEEK IN REVIEW For daily news updates, go to www.crainsnewyork.com

Jam Recordings, reportedly ECONOMIC SPOTLIGHT committed suicide in his Atlanta home. Mr. Stewart, who was best known for signing artists such as Young Jeezy and Beyoncé, had replaced rapper Shawn “Jay-Z” Carter as chief executive. Bear Stearns exec lands plum Fed job the federal reserve bank of New York hired Michael Alix, the former chief risk officer of Bear Stearns Cos., as a senior vice president to oversee the financial safety and soundness of banks. Critics decried the hire, as Mr. Alix played a key role in Bear Stearns’ near collapse. bloomberg news Circuit City’s fuses blow Club Libby Lu loses retailer saks inc.will ELECTRONICS RETAILER CIRCUIT CITY STORES INC. is closing discontinue the Club Libby Lu 155 stores, about 20% of its U.S. fleet, and laying off specialty store business to focus on thousands of employees to return the chain to profitability its core Saks Fifth Avenue department store chain. It will and avoid having to file for bankruptcy. In the NEW YORK shutter all 98 shops by May 2 and AREA, the retailer will shutter eight stores, including its take charges of at least $29 million Economy Watch Gunhill Road location in the Bronx, Flatbush location in on the closings. All 1,700 Libby Lu employees will receive The NYC and U.S. jobless rates were both flat from August to September. Brooklyn and East 86th Street store in Manhattan. The severance. Recent 12-month increases in area inflation were the highest since mid-2006. chain will also reduce its planned store openings and AUGUST ’08 SEPTEMBER ’08 COMPARISON renegotiate existing leases wherever possible. Ann trims again NY area inflation change +0.1% -0.2% +5.2%1 NYC unemployment rate 5.8% 5.8% 6.1%2 during a week when most retailers reported dismal October 3 No golden chute KKR stays private NYC employment change n/a -2,400 +17,500 sales that analysts say portends a n/a Not available. 1-NY area inflation rate for the latest 12-month period. 2-U.S. unemployment richard fuld private equity firm Kohlberg severe recession, Ann Taylor rate for the latest month. 3-NYC employment change year to date. (right), chief Kravis Roberts & Co. delayed Stores Corp. announced a plan to executive of until 2009 its plan to go public on expand its ongoing restructuring Lehman the New York Stock Exchange effort.The company, which NYC Hotel Stats Broadway Stats Brothers through a takeover of its operates two clothing chains, will The occupancy rate rose above the Attendance and box-office gross Holdings Inc., Amsterdam-listed investment cut 260 more jobs and 90% level in August, PKF Consult- both posted a more marked drop in will leave his fund, KKR Private Equity “significantly” scale back its 2009 ing data show, while the room rate the week ended 11/2, The Broad- post at the Investors.The announcement capital spending. stayed flat. Year-to-date averages way League reports. Both figures failed came as the overseas firm reported remained above year-earlier levels, are still ahead for the season to date, investment bloomberg news widening losses in the third Foreclosures soar at 86.7% and $295.57, respectively. but the margin is declining. bank by year’s end without a quarter. severance package or bonus.The the city’s residential real news came one day after state estate market continued to sour Comptroller Thomas DiNapoli So video won’t kill last month as foreclosures jumped accused him of leading Lehman the Internet star 50% from last year’s levels, to 336. over the edge by allowing risky Queens drove the surge practices at the firm. news corp.’s popular social with 211 foreclosures, which is network MySpace.com partnered double last year’s number, Parkway pulls plug with Viacom Inc.-owned MTV according to PropertyShark.com. Networks to allow its users to post parkway hospital, the city’s only advertising-dotted clips of certain Circle Line docks privately owned hospital, is television shows, including reality shutting down after a long court drama The Hills and Comedy after losing a government fight. Because the Forest Hills, Central’s The Colbert Report. contract last year that represented Queens, hospital fought to stay Viacom is suing video site 75% of its revenues, Circle Line open, it will have to pay its own YouTube.com for allegedly Harbor Cruise is selling itself to Capital IQ’s Weekly Deals Report steep closure costs.The death knell profiting from clips of its shows. rival New York Water Taxi.The came when the state Department move ends a 54-year run for the TRANSACTION SIZE of Health allowed Parkway’s firm. New York Water Taxi will COMPANY/LOCATION (in millions) BUYER/INVESTOR TRANSACTION TYPE operating certificate to expire. NYU passes hat acquire the name rights, two large boats and two waterfront leases. United International Bank $24.1 PT Bank Central Asia Tbk SB M&A for needy students Flushing, Queens —from staff reports and Lexington Realty Trust $19.6 Winthrop Realty Trust Inc. (5.42%) SB M&A RCN starts going new york university launched a bloomberg news reports Manhattan digital to compete $400 million capital campaign to Promosome $9.6 Not disclosed GCI raise money for students who need Manhattan rcn corp. started switching its financial aid. Dubbed “Call to Crispy Gamer Inc. $8.3 Constellation Ventures, GCI New York City network from Action,” the effort aims to generate Manhattan individual investors analog to digital signals with the $20 million annually.The school is TuneCore Inc. $7.0Opus Capital GCI aim of finishing the update by not currently able to fulfill all of its Brooklyn January. Some RCN cable students’ aid requests. Selected deals announced during the week of Oct. 26 for companies headquartered in metro New subscribers had to get new set-top York. The U.S. Dept. of the Treasury made GCI investments of $25 billion in Citigroup Inc. and J.P.Morgan Chase & Co.; $10 billion in Goldman Sachs Group Inc., Merrill Lynch & Co. and boxes to watch the election Def Jam mourns Morgan Stanley; and $3 billion in The Bank of New York Mellon Corp. GCI: Growth capital returns. Also, the Federal investment represents new money invested in a company for a minority stake. SB M&A: Strategic Communications Commission shakir stewart, a young bloomberg news buyer M&A represents a minority or majority acquisition of existing shares of a company without the participation of a financial buyer. started investigating 11 cable executive who less than six months CIRCLE LINE HARBOR CRUISE is selling

bekka lindström bekka providers’ pricing and policies. ago took over the top job at Def itself and ending a 54-year run.

14 | Crain’s New York Business | November 10, 2008 CNYB 11-10-08 A 15 11/6/2008 5:11 PM Page 1

REAL ESTATE DEALS Joan always throws the Biggest Party of the Year. Manhattan ad agency Be There. November 18, 2008. 6:30-9:30 pm defecting to Brooklyn

and plans to move in the third quar- MetroTech Center ter of 2009. lands a budget- The deal illustrates the chang- ing tenant base at MetroTech, minded unit of WPP which is best known for providing Joan’s Legacy back-office space for financial Group; 10-year lease firms. In the past year, tenants such was founded to honor as the Ms. Foundation and El Di- Joan Scarangello, whose life dvertising agency ario/La Prensa have moved into was claimed by lung cancer at 47. UniWorld Group Inc.is MetroTech, a complex owned by leaving Manhattan for Forest City Ratner Cos. Our goal is to stop lung cancer dead Brooklyn, drawn by the “We have seen the introduction in its tracks. borough’s cheaper rents of new types of tenants,” says In just six years, we have awarded over $5 million in Aand easy commute for its employees. MaryAnne Gilmartin, executive direct grants for lung cancer research. Join us! UniWorld, which is part of the vice president at Forest City. “They WPP Group, inked a 10-year deal want to be in Class A buildings at a Special Performance by for 37,000 square feet at 1 MetroTech good value. Center. The asking rent for the deal, Mary Ann Tighe, CB Richard Grammy Award-Winning Blues Artist Delbert McClinton which encompasses the entire 11th RENT BARGAIN: UniWorld Group is taking Ellis Inc.’s chief executive of the Honorary Chairmen: Tom Brokaw and Brian Williams floor, was in the low $40s a square the 11th floor at 1 MetroTech Center. New York tristate region, and her foot. colleague Keith Caggiano repre- However, a city program pro- sented Forest City. The Allen Room at Frederick P. Rose Hall vides tax credits of up to $3,000 per Such low rents cannot be found —theresa agovino Home of Jazz at Lincoln Center employee for companies that relo- in Class A Manhattan office Broadway at 60th St., New York City cate from Manhattan to downtown towers, notes UniWorld’s broker, Brooklyn. That credit will knock Shawna Menifee of Cushman & Fred Perry nets RSVP: 212.627.5500 ext 200 around $12 a square foot off the Wakefield Inc. store in SoHo or [email protected] rent, according to Joe Chan, presi- Ms.Menifee adds that the move dent of the Downtown Brooklyn will benefit a large number of Uni- soho is getting a new racket.British Partnership. World’s employees because they tennis apparel and accessories shop The tax credit drove the asking live in Brooklyn. The company is Fred Perry recently signed a 10-year rent below $30 a square foot. currently located at 100 Sixth Ave. See FRED PERRY on Page 16

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Must be an Amtrak Guest Rewards member and register for this offer. To do so, go to Amtrakguestrewards.com/90808 or call 1-800-307-5000 (option 2) and enter registration code 90808. Qualifying trips must be taken between September 15 and December 12, 2008. Limit of two qualifying trips per day (one roundtrip or two one-ways). Cancelled or refunded reservations/tickets will be deemed ineligible. Members must include their membership number when making reservations. Amtrak, Acela, Acela Express and Amtrak Guest Rewards are registered service marks of the National Railroad Passenger Corporation. CNYB 11-10-08 A 16 11/6/2008 5:13 PM Page 1

REAL ESTATE DEALS

a six-year deal for about two-thirds Sloan Rhulen, a broker at CB of the fourth floor and will take over Richard Ellis Inc., adds that the Fred Perry nets store in SoHo an additional 5,000 square feet in built-out spacewasalsoanattraction. 2010. The asking rent for the space “It is a move-in opportunity,” Continued from Page 15 brand right now,in terms of the buy- the transaction. was $43 a square foot. Yodle is cur- says Ms. Rhulen. lease for its first U.S. location at 133 ing power of people down there,” —adrianne pasquarelli rently located in around 10,000 Newmark Knight Frank brokers Wooster St., between Prince and says Trevor Gallina, the Newmark square feet at 589 Eighth Ave. and Andy Udis and Mike Dreizen nego- Houston streets.The asking rent for Knight Frank Retail broker who, plans to move in the third quarter of tiated on behalf of the landlord,The the 1,400-square-foot space was with colleague Jason Pruger, repre- Online ad firm 2009. Moinian Group. $250 a square foot. sented the tenant. Known more for doubles space Yodle Chief Executive Court —theresa agovino Near Lucky Kid, Camper and his sportswear styles than for win- Cunningham says the company’s Adidas, the shop will serve up the ning Wimbledon three times, Fred yodle,a provider of online advertis- staff has tripled within the past year. latest polo shirts, bags and jackets Perry,who died in 1995,is also cred- ing services to small businesses, is He says he was drawn to the loftlike Bright light, for men and women. It is expected ited with creating the first sweat- more than doubling its space by space because it suits the company’s big windows to open for business in December. band. leasing roughly 23,000 square feet at more team-based approach.He also “They saw SoHo as being the Stephen Tarter of Tarter Stats 50 W. 23rd St., between Fifth and notes that the building is near great watch and jewelry retailer best retailing location for their Realty represented the landlord in Sixth avenues. The company inked restaurants and many train lines. Joseph Edwards recently signed a timely 20-year lease for 3,300 square feet at 452 Fifth Ave., between West 39th and West 40th streets.The new space will double the square footage Businesses run on credit. the retailer has at its previous long- time location just two blocks north. Isn’t it good to know there’s a bank around The asking rent was $250 a square foot. with $32 billion in liquidity to provide it? The retailer expects to open its new shop in early 2009.The new lo- cation, with eight 30-foot-high MUSS DEVELOPMENT INTER PARFUMS INC. BET INVESTMENTS windows and 80 feet of frontage along Fifth Avenue,will allow own-

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GEM OF A DEAL: Jewelry retailer Joseph Edwards will open a shop at 452 Fifth Ave. RUGGIERO WESTPORT POINT THE HAMPSHIRE SEAFOOD INC. CAPITAL/PRUDENTIAL REAL ESTATE COMPANIES er Victor Pahuskin to better display his wares to sidewalk traffic. $17,500,000 $49,700,000 $44,700,000 “There is increased sunlight in 10 years 4 years 3 years the store, which gives it an open Term Loan Acquisition Facility Secured Line of Credit feel,” says Mr. Pahuskin’s son, Lawrence Pahuskin, a broker at Site Management who was with Grubb & Ellis at the time of the transac- Good news. We’re helping these businesses grow. We’re ready to help more. tion. One of the country’s top 10 banks, Capital One BankSM has a team of veteran bankers focused Landlord HSBC Bank was rep- on providing fi nancial solutions for your business. And, with $32 billion in liquidity, we are resented by Spencer Levy and well-positioned to meet your fi nancial needs. Robert Futterman of Robert K.Fut- terman & Associates. You can also look to us for products and services to help you manage your cash fl ow and protect your money. As an FDIC-insured bank, our depositors are insured up to the limit established by federal law. —adrianne pasquarelli That means unlimited protection on funds held in non-interest-bearing deposit transaction accounts.*

Call us today to meet with a Commercial Relationship Manager. For Real Estate, contact The King’s College Rick Lyon at 212-834-1221. For Middle Market, contact Doug Kennedy at 973-439-7602. takes new course the king’s college has taken new space for faculty and administrative offices close to its classrooms in the Empire State Building. The private Christian institution recently signed a 10-year lease for GO to a Capital One Bank branch 11,900 square feet on the full eighth CALL 1-888-855-BANK floor of 330 Fifth Ave.The asking rent in the 15-story building, owned by CLICK www.capitalonebank.com Shulsky Properties,was $52 a square Middle Market | Commercial Real Estate | Equipment Leasing & Finance | Oil & Gas | Leverage Finance | Municipal & Tax Exempt foot. Available liquidity fi gures for Capital One Financial Corporation, the parent company of Capital One, N.A., are accurate as of 9/30/08. Owner Marvin Shulsky negoti- *As of October 14, 2008, all non-interest-bearing deposit transaction accounts at an FDIC-insured institution, including all personal and business checking deposit ated the deal in-house. Broker Jim accounts that do not earn interest, are fully insured for the entire amount in the deposit account. This unlimited insurance coverage is temporary and will remain in effect for participating institutions until December 31, 2009. Branch products and services offered by Capital One, N.A., Member FDIC. “Capital One Bank” is a trade name of Wenk of Jones Lang LaSalle repre- Capital One, N.A., and does not refer to a separately insured institution. ©2008 Capital One. Capital One is a federally registered service mark. All rights reserved. sented the tenant. —damian ghigliotty

16 | Crain’s New York Business | November 10, 2008 Project1 10/16/08 5:17 PM Page 1

CRAIN’S SMALL BUSINESS AWARDS BREAKFAST Meet Liz Lange FOUNDER OF LIZ LANGE MATERNITY

Armed with the philosophy that women should look and feel beautiful during pregnancy, Liz Lange has grown a business from an idea to an international success by single-handedly revolutionizing maternity style and society’s perception of pregnant women.

Liz will moderate a panel of Crain’s 2008 Small Business Awards winners as they discuss what it takes to be successful as a small business owner in New York.

LIZ LANGE 2008 Small Business Award Winners: DATE Nov 19, 2008 DICK CHEN DANIEL GARCIA LOCATION Founder Founder & Chief Executive At the 2008 New York Xpo for Business River Pavillion, Jacob Javits Center Aerospace Wire & Cable Inc. Salsa Caterers & Special Events

TIME CHRISTIANE LEMIEUX TOM SHANNON 7:30-8:00am Registration 8:00-9:00am Program Founder & Owner Founder DwellStudio Strike Holdings COST $70 for individual tickets TERRY TANG JOSH SELIG $700 for tables of ten Co-Founder & Chief Executive Founder & President TO REGISTER TMI Food Group Inc. Little Airplane Go to crainsnewyork.com/sbevent

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The 2008 NY Xpo for Business: Learn and network with 15,000 business people at New York’s largest business to business showcase. This New York sized business to business event is returning for its 3rd year with even more booths, education and networking opportunities. For more information about the show and full’s day’s events go to www.eventmanagement.org Project2 11/4/08 12:12 PM Page 1 CNYB 11-10-08 A 19 11/5/2008 6:38 PM Page 1

SMALL BUSINESS FIND THE PLUS: SPECIAL GUIDE ON SECTION Where to
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istockphoto GROWING A BUSINESSGUIDE The ultimate resource for small business aid in NYC Assistance for Women and Minorities P. 20, Export Assistance P. 20, Business Improvement Districts P. 22, Business Libraries P. 24, Procurement Help P. 25, Local Development Corporations P. 26, Advice & Education P. 27, Small Business Development Centers P. 28, Financial Assistance P. 29, Sources of Capital for Small Businesses P. 31, Utility Services P. 32, and Chambers of Commerce P. 32 PLUS: TOP NEIGHBORHOODS FOR ALL KINDS OF SMALL BUSINESSES

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November 10, 2008 | Crain’s New York Business | 19 CNYB 11-10-08 A 20 11/5/2008 5:43 PM Page 1

REPORT GROWING A BUSINESS GUIDE

These organizations Web site: www.bocnet.org offer programs, Assistance counseling, training G CATALYST and other services Provides research and advisory specific to women services to businesses to build inclusive for Women and minorities workplaces and expand opportunities for wishing to start businesswomen. or expand Contact: (212) 514-7600 and Minorities their businesses. E-mail: [email protected] Web site: www.catalyst.org

G ASIAN AMERICAN BUSINESS Web site: www.boedc.com G EMPIRE STATE DEVELOPMENT DEVELOPMENT CENTER Its Division of Minority and Women’s Provides technical and professional G BUSINESS OUTREACH CENTER Business Development assists state support to help Asian American small NETWORK agencies to award a fair share of state business owners develop marketing and Its Refugee Microenterprise Program contracts to minority and women- financial strategies. Also organizes assists eligible refugees and asylees owned business enterprises, certifies and frequent trade missions to China to help with starting and expanding small maintains an MWBE directory and businesses access the China market. businesses. promotes MWBE business Contact: John Wang, (212) 966-0100 Contact: Theresa Santiago, director, development through education and E-mail: [email protected] (718) 624-9115 outreach. Web site: www.aabdc.com E-mail: [email protected] Contact: (212) 803-2414 Web site: www.bocnet.org E-mail: [email protected] G BRONX OVERALL ECONOMIC Its Women’s Business Center offers Web site: www.nylovesmwbe.ny.gov DEVELOPMENT CORP. business training, one-on-one Its Springboard Loan Fund offers counseling and financing resources to G NATIONAL ASSOCIATION OF WOMEN financing to small minority and/or help women entrepreneurs start and BUSINESS OWNERS, NEW YORK CITY women-owned entrepreneurs in South grow their businesses. Services are CHAPTER Bronx Community Boards 1, 2, 3, 4, 7, offered in English, Spanish and Provides networking opportunities, 8, 11 and 12. Provides loans from $7,000 Russian. business seminars, advocacy, strategic to $20,000 for a 24-month term for Brooklyn: North Brooklyn,(718) 624-9115 alliances and leadership development. working capital, machinery and Staten Island: West Brighton, Contact: Kethrin Gentile, vice president, equipment, inventory and accounts (718) 816-4775 communications, (212) 252-1100 receivable loans. Contact: Liliana Blanco, director, E-mail: [email protected] Contact: Rome Birkett, (718) 537-5261 (718) 624-9115 Web site: www.nawbonyc.org E-mail: [email protected] E-mail: [email protected] Continued on Page 22 buck ennis PRESCIENCE: John Stage opened Dinosaur Bar-B-Que in West Harlem four years ago.

Contact: Nick Anastasi, assistant to the commissioner, (631) 853-4800 TOP NEIGHBORHOODS: RETAILERS Export Assistance E-mail: [email protected] Web site: www.suffolkcountyny.gov The following agencies offer services for New York exporters seeking overseas business opportunities. Exporters wishing to expand can get an array of services, including G U.S. DEPARTMENT OF COMMERCE trade counseling and advice, training and financial and marketing assistance. INTERNATIONAL TRADE Harlem bubbles ADMINISTRATION Its U.S. Export Assistance Center G EMPIRE STATE DEVELOPMENT issues. provides information, opportunities and Its International Division offers Contact: Gerri Cristantiello, executive regulations on foreign markets. Prepares into a hot spot overseas trade leads, seminars on director, (877) 291-4901 U.S. exporters for overseas business trips, practical and up-to-date exporting E-mail: [email protected] does overseas advertising of U.S. techniques, free counseling, access to Web site: www.nexco.org products and services, and finds agents, Revitalization creates magnet for shops state exhibits in overseas trade shows, distributors and customers. Offers SBA and early notice of overseas projects. G PORT AUTHORITY OF NEW YORK and Ex-Im Bank export finance Contact: Peter Cunningham, director of & NEW JERSEY programs. BY ELAINE POFELDT international trade, (518) 292-5275 Responsible for the major airports, Contact: Carmela Mammas, network E-mail: [email protected] interstate tunnels, bridges, director, (212) 809-2675 pening a Dinosaur Bar-B- Web site: www.empire.state.ny.us transportation terminals and port E-mail: [email protected] Que in West Harlem was a facilities in New York and New Jersey, as Web site: www.buyusa.gov/nyc no-brainer for owner John G EXPORT-IMPORT BANK well as for the development of trade and Stage in 2004. OF THE UNITED STATES commerce in the region. G U.S. SMALL BUSINESS The site he chose is “right Aids the export of U.S. goods and Airport facilities: (212) 435-3772 ADMINISTRATION O by the Hudson River, under the Riverside services by companies of all sizes Port sales: (888) 767-8696 Its International Trade Assistance Drive bridge,which is a phenomenal archi- Contact: Program through loan guarantees, export credit Robert Gaffney, (973) 578-2189 offers technical counseling and tectural structure” and handy to both pub- insurance and working capital guarantee E-mail: [email protected] training, as well as financial assistance to programs. Also provides competitive Web site: www.portnynj.info businesses looking to enter or expand in lic and private transit, says Mr. Stage, a res- fixed-rate financing for U.S. export sales. foreign markets. Exporters may get ident of upper Manhattan. Reaches out to women-owned and Foreign-Trade Zone 49, one of the financing under three programs: Export He now looks like a trendsetter. Harlem THE AREA is attracting ventures minority-owned businesses. largest contiguous zones in the country, Express, the Export Working Capital tops the list of attractive neighborhoods for ranging from regular coffee shops to luxury car dealers. Its Working Capital Guarantee encompasses 3,587 acres with six active Program or the International Trade retailers looking for a happening location, Program encourages lenders to make general-purpose zone operators and Loan Program. affordable rent and good transportation. klockenbrinkmyra working capital loans to small- and seven active subzone operators. The total Contact: John J. Miller, (212) 264-7770 “It’s easily accessible … for people looking for a place to stroll and medium-size companies. Loans are used in/out moves were $7.9 billion in the E-mail: [email protected] shop,” says Larry Scott Blackmon, chief of staff at the city Department of to support working capital needs related general purpose zones and $16.9 billion Web site: www.sba.gov/oit Small Business Services. “And there’s the cultural history Harlem has to to the export of U.S. goods and services. in the subzones in 2007. Its Insurance and Loan Guarantee Contact: Ellen Nesheiwat, manager, G THE WESTCHESTER COUNTY offer.” Programs helps U.S. exporters of all sizes (212) 435-4260 ASSOCIATION In the past few years, Harlem has attracted a number of new as well as obtain export financing to support the E-mail: [email protected] Its World Trade Council, an high-end ventures, from coffee shops and florists to caviar bars and Dan- sale of U.S. goods and services in the Web site: www.panynj.gov international trade forum, is a cy Power Automotive Group, which sells Lamborghinis alongside Hon- global marketplace. centralized resource for promoting and das. “Harlem is famous for setting trends,” says Macky Dancy, chief ex- Contact: Thomas Cummings, director, G SUFFOLK COUNTY DEPARTMENT facilitating international trade within ecutive of the dealership, which moved from Long Island. “That’s the Northeast and mid-Atlantic regional OF ECONOMIC DEVELOPMENT Westchester and the lower Hudson whole vibe we wanted to be a part of. It’s brought us a lot of attention.” office, (212) 809-2652 AND WORKFORCE HOUSING Valley through targeted outreach Financing available under the Upper Manhattan Empowerment Zone E-mail: [email protected] Its Foreign Trade Division provides programs, international trade seminars program makes the district even more appealing. Last year, the UMEZ Web site: www.exim.gov trade counseling, financial help, and networking and business made several competitive fixed-rate loans to entice businesses, including education and marketing programs, as development opportunities. G NEXCO well as access to international trade Contact: Amy Allen, (914) 948-1160 ones for $250,000 to an advertising agency and $130,000 to a café. Offers monthly events to the exhibitions for foreign-market product E-mail: [email protected] Harlem has competitors for the trendiness crown. international trade community on global entry and promotion. Web site: www.westchester.org With rents of about $100 a square foot and the New Museum of Con- temporary Art as an anchor,the Bowery vicinity is a haven for design-ori- ented retailers, says Faith Hope Consolo, chairman of the retail leasing and sales division of Prudential Douglas Elliman Real Estate. VITAL Share of New York state’s Retailers are also eyeing Long Island City,Queens,because of its grow- STATS self-employed who are women ing cohort of young professionals. 31.8% COMMENTS? [email protected]

20 | Crain’s New York Business | November 10, 2008 Project1 10/9/08 11:58 AM Page 1

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REPORT GROWING A BUSINESS GUIDE

The BID program of the city’s Contact: Lawrence Prospect, Department of Small Business executive director, Business Services provides sanitation and (718) 881-3086 maintenance, public safety and E-mail: [email protected] visitor assistance, marketing and Web site: www.pelhamparkway.com Improvement promotional programs, capital improvements and beautification BROOKLYN to enhance local business Districts conditions. 86TH ST. BAY RIDGE Contact: Patrick W.Condren, executive director, (718) 680-2420 E-mail: [email protected] THE BRONX Contact: Katherine L. Broihier, district Web site: www.86bid.org manager, (718) 432-6935 FORDHAM ROAD E-mail: [email protected] BAY RIDGE FIFTH AVENUE Contact: Wilma Alonso, Web site: www.kingsbridgebid.org Contact: James Clark, president, executive director, (718) 562-2104 (718) 238-9800 E-mail: [email protected] MOSHOLU-JEROME-EAST GUN HILL E-mail: [email protected] Web site: www.fordhamroadbid.org ROAD DISTRICT MANAGEMENT Web site: www.bayridgebid.com ASSOCIATION HUB THIRD AVENUE Contact: Roberto S. Garcia, executive CHURCH AVENUE Contact: Vincent Valentino, director, (718) 324-4946 Contact: Mark Dicus, executive director, executive director, (718) 665-3983 E-mail: [email protected] (718) 282-2500 E-mail: [email protected] Web site: www.mpcbronx.org E-mail: [email protected] Web site: www.camba.org KINGSBRIDGE WHITE PLAINS ROAD Continued on Page 24 Assistance for Women and Minorities

Continued from Page 20 management, marketing, procurement immigrants. Provides affordable small NEW YORK AND NEW JERSEY and the Internet, as well as specialized business loans and technical assistance buck ennis MINORITY SUPPLIER DEVELOPMENT topics such as home-based businesses, to help startups and grow businesses. CHARLIE O’DONNELL of Path 101 says industry players just “bump into” each other. COUNCIL INC. corporate executive downsizing and Contact: Jannie Lai, assistant manager, Acts as a liaison between its Fortune welfare-to-work. (212) 964-6022 500 membership and minority Contact: Jamila Payne, director, business E-mail: [email protected] TOP NEIGHBORHOODS: TECH COMPANIES businesses to develop contracting services, (718) 263-0546, ext. 18 Web site: www.renaissance-ny.org opportunities. Also has services and E-mail: [email protected] programs including business Web site: www.queensny.org THYPIN OLTCHICK INSTITUTE FOR opportunity fairs, networking events, WOMEN’S ENTREPRENEURSHIP @ FEGS training, and corporate and vendor REGIONAL ALLIANCE FOR SMALL Brings startup and small business Midtown south directories. CONTRACTORS INC. experts and resources to counsel women Contact: Lynda Ireland, president, chief A nonprofit organization serving who are or want to be entrepreneurs executive, (212) 502-5663 small, minority-owned and women- through forums and individual E-mail: [email protected] owned construction firms. consultations. Also offers grants and Web site: Contact: an epicenter again www.nynjmsdc.org Earle J. Walker, executive scholarships through its New Start Fund director, (212) 268-7446 partner. NEW YORK ASSOCIATION FOR NEW E-mail: [email protected] Contact: Fabianne Wolff Gershon, Angels, venture money, startups connect AMERICANS Web site: www.regional-alliance.org executive director, (212) 366-0033 Its Business Center provides loans, Its Financing Small Contractors E-mail: [email protected] workshops on e-commerce and business Program provides help in preparing Web site: www.yourfutureinbusiness.org BY ELAINE POFELDT management, and one-on-one advice. applications for loans and bonds. Contact: Yanki Tshering, (212) 898-4112 Contact: Richard C. Hellenbrecht, manager WOMEN PRESIDENTS’ EDUCATIONAL ant to rub elbows with an angel or a venture capital- E-mail: [email protected] of finance operations, (212) 268-2991 ORGANIZATION ist? Head down to the Shake Shack in Madison Square Web site: www.nyana.org E-mail: [email protected] Provides certification and offers Park, which is the unofficial gathering place for players Web site: www.regional-alliance.org educational programs to women in the online and technology scene that has sprouted NEW YORK CITY DEPARTMENT Loaned Executive Assistance Its entrepreneurs. anew in midtown south. OF SMALL BUSINESS SERVICES Program is a consultant service Contact: Marsha Firestone, W Its Minority and Women-Owned consisting of top construction (212) 688-4114 “Today, I went to lunch … and David Rose and Howard Morgan Business Enterprise Program promotes professionals who provide small E-mail: certification@ bumped into us,” says Charlie O’Donnell, founder of career planning participation of minority and women- contractors with expert advice on womenpresidentsorg.com Web site Path 101.“I can’t think of any other place in the city where you’re owned businesses in New York City’s construction and business management, Web site: www.wpeo.us likely to bump into investors like that.” procurement process. Certified vendors marketing and technology Mr. Rose, one of the city’s best-known angel investors, is founder of receive access to contracting implementation and loan and bonding WOMEN’S VENTURE FUND SparkSpace, an incubator on East 23rd Street; Mr. Morgan is a partner opportunities, invitations to exclusive referrals. A nonprofit agency that serves all in First Round Capital. networking events, free one-on-one Contact: Richard Hellenbrecht, manager of women entrepreneurs, new and Midtown south, particularly the Flatiron district, was the neighbor- guidance on selling to government, and LEAP programs, (212) 268-0391 seasoned, through experimental skill- hood of choice for tech firms during the Silicon Alley days,and that iden- E-mail: free advertising in a searchable online [email protected] building curricula, using innovative tity has been reinvigorated.The location is a top spot for small business- directory. Web site: www.regional-alliance.org course-delivery methods. Existing New Contact: Certification Hotline, Its Managing Growth Program is a York metro and New Jersey businesses es with such a focus because of its rich (212) 513-6311 classroom program that provides courses with 51% female ownership are eligible talent pool, bolstered by plentiful public E-mail: [email protected] enabling experienced S/M/W/DBE for character-based, low-interest transportation. Web site: www.nyc.gov/getcertified owners and employees to learn the ins microloans with flexible repayment Though the office rents of $75 to $100 and outs of how to operate a terms. a square foot are relatively high for start- OPPORTUNITY DEVELOPMENT construction-related business. Contact: Maria Otero, president, ups, those that want to tap the industry’s ASSOCIATION Contact: Paola Camargo, manager of (212) 563-0499 most gifted people find ways around the Its Minority Business Enterprise training programs, (212) 268-4933 E-mail: [email protected] prices. For example, to stay in the neigh- Center offers contract procurement, loan E-mail: [email protected] Web site: www.womensventurefund.org Web site: borhood, Mr. O’Donnell says he’s “squat- packaging, bank and alternative www.regional-alliance.org ting” with a small outfit that’s also backed financing, business plan preparation, Its MBE/WBE Compliance WORKSHOP IN BUSINESS by his company’s angel investor. klockenbrinkmyra minority certification and general Development Services provides contract OPPORTUNITIES FORMER SILICON ALLEY firms business consulting. compliance development program Enables small business owners and Other tech firms that are on a budget were largely situated in the area Contact: Yehuda Turner, services to increase the utilization of budding entrepreneurs in underserved but don’t have the share option are looking around Madison Square Park. (718) 522-5620, ext. 307 MBE/WBE firms in contracting communities to obtain financial success at Dumbo, in Brooklyn, and to Long Is- E-mail: [email protected] opportunities. in starting, operating and expanding land City, Queens. Though they’re a bit less conveniently central, the Web site: www.odabdc.org Contact: Earle J. Walker, executive businesses. Offers a 16-week workshop neighborhoods offer more bargains and similar access to talent. director, (212) 268-7446 titled “How to Build a Growing After getting funding from DFJ Gotham Ventures, Sam Lessin QUEENS ECONOMIC DEVELOPMENT E-mail: [email protected] Profitable Business,” one-on-one moved his online startup, Drop.io, out of midtown. He leased a 3,500- CORP. Web site: www.regional-alliance.org consulting services conducted by square-foot loft at 78 Jay St. in Dumbo for less than $10,000 a month. Its Women’s Business Center provides business experts, and business information, training, individual RENAISSANCE ECONOMIC opportunities. “The only developers on my team who live in Manhattan are fresh out technical assistance and opportunities DEVELOPMENT CORP. Contact: Niasia Coulson, of college,” Mr. Lessin says.“Everyone who’s seasoned has moved out to for women interested in starting or A nonprofit organization that assists (212) 684-0854, ext. 0541 Brooklyn.” expanding their business. Offers entrepreneurs throughout New York E-mail: [email protected] assistance and training in finance, City, especially women, minorities and Web site: www.wibo.org COMMENTS? [email protected]

22 | Crain’s New York Business | November 10, 2008 Project3 10/14/08 10:07 AM Page 1

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REPORT GROWING A BUSINESS GUIDE

Business owners can Pleasantville, NY 10570 use area public Contact: Harriet Huang, (914) 773-3380 Business libraries to conduct E-mail: [email protected] research into new Web site: http://library.pace.edu markets and Libraries products. QUEENS BOROUGH PUBLIC LIBRARY’S BUSINESS, SCIENCE AND TECHNOLOGY DIVISION BROOKLYN PUBLIC LIBRARY’S NEW YORK PUBLIC LIBRARY’S Address: 89-11 Merrick Blvd., BUSINESS LIBRARY COUNTEE CULLEN BRANCH Jamaica, NY 11432 Address: 280 Cadman Plaza West, Address: 104 W. 136th St., Contact: (718) 990-0760 Brooklyn, NY 11201 New York, NY 10030 Web site: www.queenslibrary.org Contact: Maud Andrew, Contact: Heather Caines, (212) 491-2070 (718) 623-7000, ext. 1231 E-mail: [email protected] ST. JOHN’S UNIVERSITY’S KATHRYN E-mail: m.andrew@brooklyn Web site: www.nypl.org AND SHELBY CULLOM DAVIS LIBRARY publiclibrary.org Address: 101 Murray St., Web site: www.biz.brooklyn NEW YORK PUBLIC LIBRARY’S New York, NY 10007 publiclibrary.org SCIENCE, INDUSTRY AND BUSINESS Contact: Ismael Rivera, (212) 277-5137 LIBRARY E-mail: [email protected] C.W. POST CAMPUS OF LONG ISLAND Address: 188 Madison Ave., Web site: http://libraries.stjohns.edu/ UNIVERSITY’S CENTER FOR BUSINESS New York, NY 10016 davislibrary RESEARCH Contact: Kristin McDonough, Address: 720 Northern Blvd., (212) 592-7080 ST. JOHN’S UNIVERSITY’S LORETTO Brookville, NY 11548 E-mail: [email protected] MEMORIAL LIBRARY Contact: Martha Cooney, Web site: http://smallbiz.nypl.org Address: 300 Howard Ave., (516) 299-2310 Staten Island, NY 10301 E-mail: [email protected] PACE UNIVERSITY’S EDWARD AND Contact: Mark Meng, (718) 390-4458 Web site: www.liu.edu/cwis/cwp/ DORIS MORTOLA LIBRARY E-mail: [email protected] library/cbr/cbrhome.htm Address: 861 Bedford Road, Web site: http://libraries.stjohns.edu

Business Improvement Districts buck ennis DAVID COHEN says the new park will allow NaniRx Therapeutics to stay in Manhattan. Continued from Page 22 Web site: www.myrtleavenue.org E-mail: [email protected] DUMBO IMPROVEMENT DISTRICT Web site: www.columbusavenuebid.org Contact: Kate Kerrigan, executive NORTH FLATBUSH TOP NEIGHBORHOODS: BIOTECHS director, (718) 237-8700 Contact: Dawn Torres, executive director, EAST MIDTOWN PARTNERSHIP E-mail: [email protected] (718) 783-1685 Contact: Rob Byrnes, president, Web site: www.dumbonyc.org E-mail: [email protected] (212) 813-0030 Web site: www.nfbid.com E-mail: [email protected] EAST BROOKLYN DISTRICT Web site: www.eastmidtown.org Science Park has MANAGEMENT ASSOCIATION PITKIN AVENUE Contact: William Scott Wilkins, BID Contact: Mark Tanis, executive director, FASHION CENTER manager, (718) 385-6700, ext. 19 (718) 922-9600 Contact: Barbara Blair Randall, E-mail: [email protected] E-mail: [email protected] executive director, Web site: Web site: winning formula www.eastbrooklynbid.org www.pitkinbid.org (212) 764-9600 E-mail: [email protected] FLATBUSH AVENUE SUNSET PARK/FIFTH AVENUE Web site: www.fashioncenter.com East Side project will house labs, retail Contact: Jack Katz, executive director, Contact: Renée Giordano, executive (718) 859-2600 director, (718) 439-7767 FLATIRON/23RD STREET Web site: www.flatbushavebid.com E-mail: [email protected] PARTNERSHIP BY STEVE GARMHAUSEN Web site: www.sunsetparkbid.org Contact: Jennifer A. Brown, executive FLATBUSH NOSTRAND JUNCTION director, (212) 741-2323 rug development company NaniRx Therapeutics will soon Contact: Lori Raphael, executive director, MANHATTAN E-mail: [email protected] outgrow its 2,000-square-foot space near Columbia-Presby- (718) 951-5000, ext. 1449 Web site: www.flatironbid.org terian Medical Center. In years past, the company would E-mail: [email protected] 34TH STREET PARTNERSHIP have been considering a move outside the city. Web site: www.flatbushjunctionbid.org Contact: Dan Pisark, vice president GRAND CENTRAL PARTNERSHIP Instead, executives have their eyes on what’s likely to be- of retail services, (917) 438-5126 Contact: Alfred C. Cerullo III, president, D come one of New York’s hottest neighborhoods for biotechs: the East FULTON MALL IMPROVEMENT E-mail: [email protected] chief executive, (212) 883-2420 ASSOCIATION Web site: www.34thstreet.org E-mail: [email protected] River Science Park. Contact: Michael Weiss, executive director, Web site: The development “is going to allow us to stay in New York City,”says (718) 488-8200 47TH STREET www.grandcentralpartnership.org David Cohen, chief executive. E-mail: [email protected] Contact: Michael Grumet, executive Larger developments, including the $4 billion, 8 million-square-foot Web site: www.fultonstreet.org director, (212) 302-5739 LINCOLN SQUARE Atlantic Yards in Brooklyn and the $15 billion, 26-acre Hudson Yards E-mail: [email protected] Contact: Monica Blum, president, on the West Side, are drawing more atten- GRAHAM AVENUE BID/WOODHULL Web site: www.diamonddistrict.org (212) 581-3774 tion than the Science Park. But its Man- COMMUNITY DMA E-mail: [email protected] hattan location and narrow focus are like- Contact: 125TH STREET Web site: Betty M. Cooney, executive www.lincolnbid.org ly to make it a hot spot for small firms that director, (718) 387-6643 Contact: Barbara Askins, president, chief E-mail: [email protected] executive, (212) 662-8999 LOWER EAST SIDE DISTRICT work in the bioscience world. That in- Web site: www.brooklynease.com E-mail: [email protected] MANAGEMENT ASSOCIATION cludes not only biotechs, but law firms and Web site: www.125thstreetbid.com Contact: Caesar Alfano, marketing the investment banks that serve them. GRAND STREET manager, (212) 226-9010 The park will have 1.1 million square Contact: Max Javier, manager, ALLIANCE FOR DOWNTOWN E-mail: [email protected] feet of lab and office space.There will also (718) 218-8836 NEW YORK INC. Web site: www.lowereastsideny.com be retail space. Developer Alexandria Real E-mail: [email protected] Contact: Elizabeth H. Berger, president, Estate Equities aims to create a 24/7 cam- Web site: www.grandstbklyn.com (212) 566-6700 MADISON AVENUE pus with coffee shops and other services for THE SCIENCE PARK SITE Web site: www.downtownny.com Contact: Matthew Bauer, president, scientists who all but live in their labs. is expected to become a hot METROTECH (212) 861-2055 spot for biotech startups. The first of three towers in the Science Contact: Michael Weiss, executive director, BRYANT PARK MANAGEMENT CORP. E-mail: [email protected] klockenbrinkmyra (718) 488-8200 Contact: Daniel A. Biederman, president, Web site: Park, situated between East 28th and East E-mail: [email protected] (212) 768-4242 www.madisonavenuebid.org/new 29th streets near the FDR Drive, is scheduled to open in early 2010. Web site: www.metrotechbid.org E-mail: [email protected] As many as 15 startups could reside within the park at any given time, Web site: www.bryantpark.org NOHO NY says Bill Fair, executive director of New York City business development MONTAGUE STREET Contact: Harriet Fields, executive for Alexandria Real Estate Equities Inc. of Pasadena, Calif., which spe- Contact: Chelsea Mauldin, executive COLUMBUS/AMSTERDAM director, (212) 677-4579 cializes in building science parks. There should be ample demand, since director, (718) 522-3649 Contact: Peter Arndtsen, district manager, E-mail: [email protected] New York’s 11 academic medical centers spin out as many as 30 compa- E-mail: [email protected] (212) 666-9774 Web site: www.nohony.org nies per year, says Mr. Fair. Web site: E-mail: www.montaguebid.com [email protected] City and state subsidies and tax abatements should allow Alexandria Web site: www.columbus-amsterdam- TIMES SQUARE ALLIANCE MYRTLE AVENUE BROOKLYN bid.org Contact: Tim Tompkins, president, to keep rents reasonable. Mr. Fair declined to discuss prospective rates, PARTNERSHIP (212) 452-5200 citing his company’s earnings blackout period. A source says the office Contact: Michael Blaise Backer, executive COLUMBUS AVENUE E-mail: [email protected] space in the Science Park is expected to rent for $50 to $75 a square foot. director, (718) 230-1689 Contact: Barbara Adler, executive Web site: www.timessquarenyc.org E-mail: [email protected] director, (212) 721-5048 Continued on Page 25 COMMENTS? [email protected]

24 | Crain’s New York Business | November 10, 2008 CNYB 11-10-08 A 25 11/5/2008 6:28 PM Page 1

REPORT GROWING A BUSINESS GUIDE

The following local, state and and business counseling services. VITAL STATS BIDs federal agencies and organiza- Contact: Helene M. Gibbs, program Procurement tions assist small businesses in manager, (973) 961-4278 Continued from Page 24 obtaining government contracts E-mail: [email protected] G UNION SQUARE PARTNERSHIP by providing counseling, educa- Web site: www.asdoonline.com Contact: Alexis Confer, executive Help tion and technical assistance. assistant, (212) 460-1200 G NEW YORK CITY DEPARTMENT OF $584.8M E-mail: [email protected] SMALL BUSINESS SERVICES Web site: www.unionsquarenyc.org G LAGUARDIA COMMUNITY COLLEGE E-mail: [email protected] Its Bonding and Technical Assistance total amount Its Procurement Technical Assistance Web site: www.laguardia-ptac.org Program helps small businesses seeking G VILLAGE ALLIANCE Center helps small, minority and women public contracts to obtain required of SBA- Contact: Honi Klein, executive director, business owners market their goods and G NEW JERSEY AIR SERVICES surety bonds and working capital guaranteed (212) 777-2173 services to the Department of Defense DEVELOPMENT OFFICE through education, reviews of E-mail: [email protected] and other government agencies at the Promotes purchasing opportunities application packages and referrals to loans issued Web site: www.villagealliance.org federal, state and local levels. Provides between industry buyers at Newark financial partners. Provides one-on-one registration, certification, bid matching Liberty International and Teterboro guidance on bid solicitations and related in New York G WASHINGTON HEIGHTS DMA and bid preparation assistance. airports and businesses in Bergen, Essex, specifications, analysis related to pricing state in 2008 Contact: George Sanchez, executive Contact: Benjamin Hunt, director, Hudson and Union counties. Offers free functions, and assistance in completing director, (212) 928-3400 (718) 482-5306 networking events, marketing seminars Continued on Page 26 E-mail: [email protected] Web site: www.washingtonhgtsbid.org QUEENS G 82ND STREET Contact: Ernest Cury, president, RELATIONSHIPS MATTER! (718) 335-9421 E-mail: [email protected] Web site: www.82ndstreetbid.org G 165TH STREET MALL IMPROVEMENT ASSOCIATION Contact: Derek Irby, executive director, (718) 298-5489 E-mail: [email protected] G 180TH STREET Contact: Derek Irby, executive director, (718) 298-5489 E-mail: [email protected] G DOWNTOWN FLUSHING TRANSIT HUB Contact: Mabel Law, executive director, (718) 888-1805 E-mail: [email protected] Web site: www.flushingbid.com G JAMAICA CENTER IMPROVEMENT ASSOCIATION Contact: Janet Barkan, executive director, (718) 526-2422 E-mail: [email protected] Web site: www.jamaicacenter.org G LONG ISLAND CITY Contact: Andrew Ebenstein, operations manager, (718) 786-5300, ext. 30 E-mail: [email protected] Web site: www.licbid.org G MYRTLE AVENUE Contact: Theodore M. Renz, executive director, (718) 381-7974 yes no My Banker visits my business regularly. E-mail: [email protected] Web site: www.ridgewood-ny.com yes no My Banker understands my business. G STEINWAY STREET DMA Contact: Marie Torniali, executive yes no My Banker helps me grow my business. director, (718) 721-8252 E-mail: [email protected] Web site: www.steinwaystreet.org If you answered ‘no’ to any of the above, it might G SUTPHIN BOULEVARD be time for a new business banking partner. Contact: Norman Burak, chairman, (718) 291-2110 E-mail: [email protected] Web site: www.sutphinblvdbid.org G WOODHAVEN Contact: Maria A.Thomson, executive Find out what makes us different. Call today! director, (718) 805-0760 E-mail: [email protected] Web site: www.woodhavenbid.com 1-800-250-6968 STATEN ISLAND G FOREST AVENUE Contact: Susan Meeker, executive director, (718) 816-4775 E-mail: [email protected] Web site: www.wbcldc.org

ON THE WEB in the RESOURCES section of @ CRAINSNEWYORK.COM © 2008 Banco Popular North America. Member FDIC.

November 10, 2008 | Crain’s New York Business | 25 CNYB 11-10-08 A 26 11/5/2008 6:48 PM Page 1

REPORT GROWING A BUSINESS GUIDE

Though their services vary director, (718) 376-1098, ext. 101 Local widely, local development E-mail: [email protected] corporations promote economic Web site: www.middev.org growth throughout the city by helping businesses prepare loans, MYRTLE AVENUE BROOKLYN Development find real estate and deal with PARTNERSHIP government agencies.These Contact: Michael Blaise Backer, executive organizations also offer marketing director, (718) 230-1689 Corporations support and energy analysis. E-mail: [email protected] Web site: www.myrtleavenue.org THE BRONX BROOKLYN SOUTH BROOKLYN Contact: Bette Stoltz, executive director, BANANA KELLY COMMUNITY ASTELLA DEVELOPMENT CORP. (718) 852-0328 IMPROVEMENT ASSOCIATION Contact: Judi Orlando, executive director, E-mail: [email protected] Contact: Vera Rosario, executive director, (718) 266-4653 (718) 328-1064 E-mail: [email protected] SOUTHWEST BROOKLYN INDUSTRIAL E-mail: [email protected] Web site: www.astelladevelopment.org DEVELOPMENT CORP. Web site: Contact: Bryan Barrett, Empire Zone www.synergos.org/usa/banana1.html BROOKLYN ECONOMIC manager, (718) 965-3100, ext. 106 DEVELOPMENT CORP. E-mail: [email protected] BELMONT ARTHUR AVENUE Contact: Mercedes Gomez, director of Web site: www.sbidc.org Contact: Consolato Joe Cicciu, executive business services, (718) 522-4600, ext. 35 director, (718) 295-2882 E-mail: [email protected] MANHATTAN E-mail: [email protected] Web site: www.bedc.org Web site: www.belmontarthurldc.com HOUSING PARTNERSHIP EAST WILLIAMSBURG VALLEY DEVELOPMENT CORP. BRONX CENTRAL COUNCIL FOR INDUSTRIAL DEVELOPMENT CORP. Contact: Daniel E. Martin, president, ECONOMIC DEVELOPMENT Contact: Leah Archibald, executive (646) 217-3372 Contact: Vincent Pinela, director, (718) 388-7287 E-mail: [email protected] executive director, E-mail: [email protected] Web site: www.housingpartnership.com (718) 829-2020 Web site: www.ewvidco.com buck ennis E-mail: [email protected] LOWER EAST SIDE CONSERVANCY JUDI ARNOLD says her company’s move from the meatpacking district was worthwhile. Web site: www.bronxcentralcouncil.org FLATBUSH DEVELOPMENT CORP. Contact: Laurie Tobias Cohen, executive Contact: Mannix Gordon,(718) 859-4831 director, (212) 374-4100, ext. 1 HUNTS POINT ECONOMIC E-mail: [email protected] E-mail: [email protected] TOP NEIGHBORHOODS: MANUFACTURERS DEVELOPMENT CORP. Web site: www.fdconline.org Web site: www.nycjewishtours.org Contact: Josephine Infante, executive director, (718) 842-1717 GOWANUS CANAL COMMUNITY RENAISSANCE ECONOMIC E-mail: [email protected] DEVELOPMENT CORP. DEVELOPMENT CORP. Web site: www.hpedc.org Contact: Bob Zuckerman, executive Contact: Jannie Lai, assistant manager, Incentives appeal director, (718) 858-5766 (212) 964-6022 KINGSBRIDGE-RIVERDALE-VAN E-mail: [email protected] E-mail: [email protected] CORTLANDT DEVELOPMENT CORP. Web site: www.gowanus.org Web site: www.renaissance-ny.org Contact: Pamela Otto, GREATER SHEEPSHEAD BAY UNION SQUARE PARTNERSHIP in Port Morris (718) 543-7100 E-mail: [email protected] DEVELOPMENT CORP. Contact: Alexis Confer, executive Contact: Ellen Susnow, executive director, assistant, (212) 460-1200 South Bronx offers alphabet soup of aid MOSHOLU PRESERVATION CORP. (718) 332-0582 E-mail: [email protected] Contact: Dart Westphal, president, E-mail: [email protected] Web site: www.unionsquarenyc.org (718) 324-4461 BY ELAINE POFELDT E-mail: [email protected] LDC OF EAST NEW YORK UPPER MANHATTAN EMPOWERMENT Web site: www.mpcbronx.org Contact: Sherry Roberts, ZONE DEVELOPMENT CORP. ufour pastry kitchens left executive director, Contact: Hope Knight, chief operating behind 20 years of history in SOUTH BRONX OVERALL ECONOMIC (718) 835-6700, ext. 11 officer, (212) 410-0030 Manhattan’s meatpacking dis- DEVELOPMENT CORP. E-mail: [email protected] E-mail: [email protected] trict to move to Port Morris in Contact: Neil Pariser, senior vice Web site: www.ldceny.org Web site: www.umez.org the South Bronx last year.Its new president, (718) 292-3113 D location is situated across from an oil depot in E-mail: MIDWOOD DEVELOPMENT CORP. VALLEY RESTORATION [email protected] an industrial no-man’s-land that founder Judi Web site: www.sobro.org Contact: Linda Goodman, executive Continued on Page 27 Arnold describes as “surreal.” But the $100,000 in tax credits that Dufour receives Web site: annually made the move worthwhile. www.suffolkcountyny.gov klockenbrinkmyra Procurement Help “The tax breaks help us grow,” Ms. PORT MORRIS offers tax breaks U.S. SMALL BUSINESS Arnold says. to businesses through the Continued from Page 25 Provides free assistance and services ADMINISTRATION Port Morris and a handful of other dis- Empire Zone program. city contract response formats. to aviation industry buyers at La Its Office of Business Development tressed industrial neighborhoods have Contact: Emmanuel Anosike, Guardia and John F. Kennedy offers the 8(a) program for economically emerged as the city’s best locations for small manufacturers because of (212) 513-6382 International airports. Also offers and socially disadvantaged small busi- E-mail: potent combinations of easy trucking and subway access, inexpensive [email protected] workshops, technical assistance and nesses. Its procurement programs assist rents and a long menu of government incentives. Web site: www.nyc.gov/getcertified annual networking events. firms in expanding their annual sales. Its Locally Based Enterprise Program Contact: Dolores M. Hofman, program Contact: Georgia Ellis, assistant area Dufour, which manufactures refrigerated, uncooked hors d’oeuvres ensures participation of small manager, (718) 244-6852 director, (212) 264-4322 and puff pastries, leases a 15,000-square-foot factory on Locus Avenue, construction businesses in New York E-mail: [email protected] E-mail: [email protected] which falls within one of the city’s 11 Empire Zones. Many of the zones City’s procurement process by Web site: www.asdoonline.com Web site: www.sba.gov are industrial areas, but tax breaks and job-creation incentives are avail- designating subcontracting Its Office of Government Contracting able to manufacturers, restaurants and retailers. opportunities. Firms must have average SUFFOLK COUNTY DEPARTMENT OF helps small businesses get federal “The Empire Zone is the No.1 program,”says Robert Altman,a Man- annual revenues of less than $2 million. ECONOMIC DEVELOPMENT AND government contracts by increasing the hattan tax attorney. It is so generous that local critics have called for They must also perform 25% of their WORKFORCE HOUSING small business share of federal greater oversight, to make sure the beneficiaries actually help the local Purchasing Technical Assistance work in economically disadvantaged Its procurement awards; advocating for the economies. Many distressed neighborhoods also fall under an alphabet areas, and 25% of their workforce must Program counsels small businesses on breakout of items for full and open be economically disadvantaged. becoming government contractors. competition; identifying, developing and soup of other programs. Port Morris, for instance, is part of an incentive Contact: Certification Hotline, Coordinates with Long Island marketing prime contractors; counseling program run by the South Bronx Overall Economic Development Corp. (212) 513-6311 Development Corp. and the small businesses and assisting them in In addition to Port Morris, real estate brokers spotlight Hunts Point E-mail: [email protected] Department of Defense Procurement identifying and obtaining subcontracts. in the Bronx and Sunset Park in Brooklyn as prime locations for manu- Web site: www.nyc.gov/getcertified Assistance Program. Contact: Janette Fasano, area director, facturers.The former has become so popular that once-bargain purchase Contact: Nick Anastasi, assistant to the (617) 565-5622 prices have increased to about $100 a square foot or more. QUEENS AIR SERVICES DEVELOPMENT commissioner, (631) 853-4800 E-mail: [email protected] Sunset Park is home to four large complexes: the Brooklyn Army Ter- OFFICE E-mail: [email protected] Web site: www.sba.gov minal, Bush Terminal, the South Brooklyn Marine Terminal and Indus- try City.Woodworking,metal-working,food and apparel businesses have recently moved to the area. number of SBA-guaranteed “There are two big factors,” says Adam Friedman, executive director VITAL of the New York Industrial Retention Network. “One is the availability loans in New York state in 2008, and price of space. The second is the tax break.” STATS down from 7,788 in 2007 5,077 COMMENTS? [email protected]

26 | Crain’s New York Business | November 10, 2008 CNYB 11-10-08 A 27 11/5/2008 7:07 PM Page 1

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These organizations and agencies Local Development Corporations provide technical, managerial or Advice and financial advice and training to entrepreneurs interested in starting Continued from Page 26 HUNTERS POINT COMMUNITY E-mail: [email protected] up or expanding their small Contact: Lillian Rydell, executive DEVELOPMENT CORP. Web site: www.ridgewood-ny.com Education businesses. director, (212) 222-2600 Contact: Terri Adams, president, E-mail: [email protected] (718) 786-9245 ROCKAWAY DEVELOPMENT AND REVITALIZATION CORP. BUSINESS OUTREACH CENTER group meets monthly to participate in WASHINGTON HEIGHTS AND INWOOD LONG ISLAND CITY BUSINESS Contact: Janet Henriquez, director of NETWORK workshops and meet buyers, DEVELOPMENT CORP. DEVELOPMENT CORP. business and professional services, Free services and resources for small manufacturers, marketers and other Contact: Dennis Reeder, (212) 795-1600 Contact: Dan Miner, (718) 327-5300 businesses. The New York City centers people involved in the fashion industry. E-mail: [email protected] (718) 786-5300, ext. 27 E-mail: [email protected] serve multiethnic business communities Contact: Liliana Blanco, program Web site: www.whidc.org E-mail: [email protected] Web site: www.rdrc.org citywide. director, (718) 624-9115 Web site: www.licbdc.org Brooklyn: North Brooklyn, E-mail: [email protected] QUEENS WOODSIDE-ON-THE-MOVE (718) 624-9115; South Brooklyn, Web site: www.bocnet.org QUEENS ECONOMIC Contact: Rosa M. Reyes, executive (718) 253-5262 ASTORIA RESTORATION ASSOCIATION DEVELOPMENT CORP. director, (718) 476-8449 Manhattan: Chinatown, (212) 966-7328; CAMBA Contact: Catherine Piecora, Contact: Spencer Ferdinand, executive E-mail: [email protected] Washington Heights/Inwood, Its Small Business Services Program (718) 726-0034 director, (718) 263-0546 Web site: www.woodsideonthemove.org (212) 795-1600 provides a spectrum of services to E-mail: [email protected] Queens: Corona (718) 205-3773; entrepreneurs and small businesses CENTRAL ASTORIA LOCAL Web site: www.queensny.org STATEN ISLAND Rego Park (347) 866-3962 looking to start or expand. It provides DEVELOPMENT COALITION Staten Island: West Brighton, microloans of up to $15,000, free Contact: Marie Torniali, executive RIDGEWOOD DOWNTOWN STATEN ISLAND COUNCIL (718) 816-4775 entrepreneurial training, business director, (718) 728-7820 Contact: Theodore M. Renz, executive Contact: Kamillah M. Hanks, executive Newark: (973) 242-5562 consulting, one-on-one technical E-mail: [email protected] director, (718) 366-3806 director, (718) 273-6369 Contact: Nancy Carin, executive director, assistance and other services. Web site: www.centralastoria.org E-mail: [email protected] (718) 624-9115 Contact: Paisley Demby, director of small VITAL STATS Web site: www.downtownsi.com E-mail: [email protected] business services, GREATER JAMAICA Web site: www.bocnet.org (718) 282-2500, ext. 241 DEVELOPMENT CORP. STATEN ISLAND ECONOMIC Its Child Care Business Development E-mail: [email protected] Contact: Justin Rodgers, director, DEVELOPMENT CORP. Project offers training programs and Web site: www.camba.org economic development, Contact: Cesar J. Claro, (718) 477-1400 counseling to help home-based child (718) 291-0282, ext. 147 1,375 E-mail: [email protected] care providers obtain licenses and start to EMPIRE STATE DEVELOPMENT E-mail: [email protected] Web site: www.siedc.net grow their business. Its Entrepreneurial Assistance Web site: www.gjdc.org Number of Contact: Bobby Cohen, project director, Program provides training, technical WEST BRIGHTON/SMART BUSINESS (718) 624-9115 assistance and support services to GREATER WOODHAVEN business CENTER/BOC WOMEN’S BUSINESS E-mail: [email protected] individuals who have recently started a DEVELOPMENT CORP. CENTER Web site: www.bocnet.org business in New York state or are Contact: Maria A.Thomson, executive bankruptcies Contact: Susan S. Meeker, executive Its Fort Greene Fashion Group interested in starting one. director, (718) 805-0202 in NYS in 2007 director, (718) 816-4775 provides entrepreneurial training and Contact: Joyce Smith, director, E-mail: [email protected] E-mail: [email protected] networking opportunities for (212) 803-3234 Web site: www.woodhavenbid.com Web site: www.wbcldc.org independent fashion designers. The Continued on Page 28 Hammacher Schlemmer

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November 10, 2008 | Crain’s New York Business | 27 CNYB 11-10-08 A 28 11/5/2008 7:26 PM Page 1

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Small business development PACE UNIVERSITY centers provide business Contact: (212) 618-6655 Small counseling, management E-mail: [email protected] assistance and training to New Web site: http://manhattan.nyssbdc.org Yorkers who want to start a Business business or improve the NEW YORK CITY COLLEGE OF performance of an existing TECHNOLOGY business. Entrepreneurs can Contact: Miriam Colon, acting director, receive counseling and training to (718) 797-0187 Development resolve organizational, financial, E-mail: [email protected] marketing, production and Web site: www.nyssbdc.org technical questions and problems. Centers Most services offered are free. ST. NICHOLAS ENTREPRENEURSHIP ASSISTANCE PROGRAM CENTER Contact: Ernie Spears, small business BARUCH COLLEGE HEMPSTEAD OUTREACH CENTER development manager, Contact: Lendynette Pacheco, Contact: Lloyd Clarke, assistant director, (718) 388-5454, ext. 162 (646) 312-4790 (516) 564-8672 E-mail: [email protected] E-mail: [email protected] E-mail: [email protected] Web site: Web site: http://zicklin.baruch.cuny.edu/ Web site: www.farmingdale.edu/sbdc www.brooklynbusinesscenter.com centers/field LAGUARDIA COMMUNITY COLLEGE STONY BROOK UNIVERSITY/STATE COLLEGE OF STATEN ISLAND Contact: Brian Gurski, acting director, UNIVERSITY OF NEW YORK Contact: Dean Balsamini, director, (718) 482-5091 Contact: Jeffrey Saelens, director, (718) 982-2560 E-mail: [email protected] (631) 632-9070 E-mail: [email protected] Web site: www.nyssbdc.org E-mail: [email protected] Web site: www.nyssbdc.org Web site: LEHMAN COLLEGE www.stonybrook.edu/smallbusiness FARMINGDALE STATE COLLEGE OF Contact: Clarence Stanley, director, NEW YORK (718) 960-8806 YORK COLLEGE Contact: Lucille Wesnofske, director, E-mail: [email protected] Contact: Rose Caban, assistant director, (631) 420-2765 Web site: www.nyssbdc.org (718) 262-2880

E-mail: [email protected] E-mail: [email protected] buck ennis Web site: www.farmingdale.edu/sbdc MANHATTAN REGIONAL CENTER AT Web site: www.york.cuny.edu/conted/sbdc PART OF THE FABRIC: Kyrie Kallas (left) and Ianthe Kallas-Bortz of Waldorf Realty.

Contact: Claire Fratello,(631) 493-3050 TOP NEIGHBORHOODS: SERVICE FIRMS Advice and Education E-mail: [email protected] Web site: www.liaonline.org Continued from Page 27 E-mail: [email protected] techniques. NEW YORK CITY DEPARTMENT OF Web site: www.empire.state.ny.us Its Operations Management Program SMALL BUSINESS SERVICES Sheepshead Bay provides an operations assessment and Its Business Outreach Team and FASHION INSTITUTE OF TECHNOLOGY plan of action for a manufacturing Emergency Response Unit help Its Enterprise Center offers four-week business to improve its processes and businesses resolve problems involving entrepreneurial courses for artists, increase its bottom line. delivery of government services and designers and fashion industry Its Sustainable Business Program business-related issues by sending agents a lively enclave professionals as well as courses to helps technology or manufacturing directly to business locations. The upgrade technical skills. businesses become more sustainable by Emergency Response Unit works with Growing population key to district’s success Contact: Chris Helm, (212) 217-7250 reducing waste and optimizing the Office of Emergency Management E-mail: [email protected] efficiency. and other city agencies to assist Web site: www.fitnyc.edu/enterprisecenter Its Technology Program assists businesses that suffer physical damage BY STEVE GARMHAUSEN technology entrepreneurs and firms start during natural and man-made disasters. GARMENT INDUSTRY their businesses, escalate growth, find Contact: Bernadette Nation, director, eighborhoods far removed DEVELOPMENT CORP. the resources they need to develop (212) 618-8810 from Manhattan are usually re- A nonprofit organization that products, commercialize technologies E-mail: [email protected] garded as being outside the promotes the New York apparel industry and locate R&D funding. Web site: www.nyc.gov/smallbiz economic action. But despite a by connecting retailers, brands and Contact: Veronica Price, business Its New York City Business Solutions location near the end of the B designers with local factories and development manager, (212) 442-2990 Program helps businesses open, operate N E-mail: and Q subway lines, Sheepshead Bay is a working to increase the productivity and [email protected] and grow with free assistance on a range top choice for service businesses looking for efficiency of New York manufacturers. Web site: www.itac.org of matters, including business planning Contact: Fatiah Hosein, executive and general business education, a booming environment. director, (212) 366-6160 LOCAL DEVELOPMENT CORP. OF EAST accessing financing, hiring and training The streets of this south Brooklyn en- E-mail: NEW YORK clave are bustling with businesses that in- [email protected] staff, accessing incentives, and klockenbrinkmyra Web site: www.gidc.org Its Brooklyn Enterprise Center navigating and selling to government. clude immigrant-owned grocery stores to THE AREA is booming with provides startup and expansion support Contact: Dial 311 and ask for NYC high-end sushi spots and boutiques. businesses, from grocers to INDUSTRIAL AND TECHNOLOGY services for small business entrepreneurs Business Solutions “I should be speaking five languages,” banks, that cater to immigrants. ASSISTANCE CORP. including classroom training, Web site: www.nyc.gov/smallbiz says Ianthe Kallas-Bortz, manager of Wal- Provides research, training and workshops, seminars, conferences and dorf Realty Co., whose 25 commercial properties are almost 100% occu- NEW YORK CITY OFFICE OF THE technical assistance to manufacturing one-on-one business counseling. Some pied. Her father, Kyrie Kallas, opened the business in the early 1960s. and technology firms to help them services provided in Spanish. COMPTROLLER compete effectively. Its practice areas Contact: Elisa Balabram, director, Its Citizen Action Center helps small Small service businesses need a swelling population to thrive. Immi- include business growth, advanced (718) 385-6700, ext. 24 businesses that want to learn about city grants from Russia, Turkey, Greece and the Middle East have flooded technology, sustainable business, lean E-mail: [email protected] services or regulations; answers into Sheepshead Bay in the past decade.The area added 11,042 jobs be- manufacturing, operations management Web site: www.ldceny.org questions about contracts, procurement tween 1997 and 2007—a 53% increase that dwarfed the city’s overall and workforce development. policy or claims against the city; and 9.2% rise over the period, according to the Center for an Urban Future. Its Business Growth Program helps LONG ISLAND ASSOCIATION helps solve any problem related to New National chains and franchises are investing,too.Dunkin’Donuts and firms design a measurably smarter plan Works to create and retain balanced York City government or services. UPS have set up shop,and such banks as J.P.Morgan Chase and Citi have for business growth and develop economic activity and jobs in Long Contact: Carmen Martinez, director, opened branches. Last November, Acadia Realty Trust, based in White expertise to sustain it. Island. Also offers a variety of programs, (212) 669-3916 Cost Reduction Services Program E-mail: Plains, bought a $20 million, two-acre site that it plans to convert to a Its including executive breakfasts and [email protected] mixed-use project with more than 300,000 feet of retail space. helps manufacturing and technology seminars on business issues. Web site: www.comptroller.nyc.gov firms do more with fewer resources; Contact: Gary Wojtas, director of Low rents offer another rationale for locating in Sheepshead Bay.Re- streamline processes; and create faster, communications, (631) 493-3020 NEW YORK STATE ENVIRONMENTAL tail space goes for $30 to $50 a square foot,according to Ms.Kallas-Bortz. less costly throughput. E-mail: [email protected] FACILITIES CORP. Sheepshead Bay is not the only good bet for small businesses looking Its Lean Manufacturing Program Web site: www.liaonline.org Its Small Business Environmental for a dynamic setting. Data from the Center for an Urban Future show assists companies understand how to Its Small Business Council represents Assistance Program helps small that between 1997 and 2007, Forest Hills, Queens, grew its job base utilize resources to their greatest small business community interests by businesses comply with federal and state 53.8%, to 22,652 positions, while the Baychester-Co-op City part of the advantage by streamlining operations providing services, business seminars environmental regulations. Free Bronx had an increase of 44.7%, to 7,285 jobs. and employing other lean manufacturing and networking opportunities. Continued on Page 29 “Many outer-borough neighborhoods are dominated by immigrants who build local businesses like restaurants, groceries and repair stores,” Number of self-employed people says Barbara Byrne Denham, chief economist with real estate firm East- VITAL ern Consolidated. “These weather the recession because the residential with unincorporated businesses population sustains them.” STATS in New York state in 2007 532K COMMENTS? [email protected]

28 | Crain’s New York Business | November 10, 2008 CNYB 11-10-08 A 29 11/6/2008 5:13 PM Page 1

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The following organizations orders and use the proceeds to repay the Advice and Education provide financial assistance or loan in full. Provides ongoing pre- and Financial incentives to small businesses post-loan business development Continued from Page 28 Program offers a 10-week program that are expanding in or are assistance. confidential services included: air designed to teach the essentials of relocating to the New York Contact: Hector Davis, lending officer, permitting, evaluation of emission business development. Provides Assistance area. (718) 624-9115 control technologies, pollution specialized services—including E-mail: [email protected] prevention opportunities, compliance entrepreneurial training, counseling and Web site: www.bocnet.org with waste storage and handling and working capital loan financial ACCIÓN NEW YORK AND NEW JERSEY Web site: www.boedc.com disposal requirements. On-site packaging—to startup and existing A community financial institution Its Bronx Initiative for Energy and the BUSINESS RESOURCE AND environmental audits are also available. Queens businesses. providing loans of up to $50,000 with Environment has established the Bronx INVESTMENT SERVICE CENTER Contact: James R. Coyle, program Contact: Franklin Mora, program flexible requirements. Owners are given Environmental Revolving Loan Fund, Provides financing of $50,000 to manager, (800) 780-7227 manager, (718) 263-0546 the opportunity to build solid credit which offers loans of $10,000 to $250,000, and technical assistance and E-mail: [email protected] E-mail: [email protected] histories and can access free financial $100,000 for implementation of energy counseling to businesses in East, Central Web site: www.nysefc.org Web site: www.queensny.org advisory services through the Training, efficiency measures and environmental and West Harlem, Washington Heights Its Program for Investment in Resource and Advising Center. Also technologies. BIEE also administers the and Inwood. Also has a Business NEW YORK STATE FOUNDATION FOR Microenterprise provides training and offers startup loans and lines of credit. Empowerment Zone Environmental Information Center Library providing SCIENCE, TECHNOLOGY AND INNOVATION technical assistance to disadvantaged Contact: Loan Inquiry Line, Fund, which offers grants of up to access to computer hardware and Its Centers for Advanced Technology entrepreneurs who want to start, operate (212) 387-0494 $100,000 to EZ businesses that have software for research and business develops new technologies and improves or expand their businesses. Services are E-mail: [email protected] received an EZ loan. These grants will planning. existing ones. Supports university- available to all city residents. Web site: www.accionnewyork.org cover the incremental costs of installing Contact: Ellingston Clark, senior loan industry collaboration in research, Contact: Jamila Payne, director of either a green roof or solar panels. officer, (212) 410-0030, ext. 272 education and technology transfer, with business services, (718) 263-0546, ext. 18 AUDUBON PARTNERSHIP FOR BOEDC also offers loans of $10,000 to E-mail: [email protected] a strong focus on helping New York E-mail: [email protected] ECONOMIC DEVELOPMENT $1.2 million to businesses located in the Web site: www.umez.org businesses gain a technological edge on Web site: www.queensny.org Its Community Business Partners Bronx Empowerment Zone. their competition. Program assists small businesses and Contact: Kate Shackford, director, CAMBA ECONOMIC Its Regional Technology Development SCORE, COUNSELORS TO AMERICA’S entrepreneurs located in the Northern (718) 590-3498 DEVELOPMENT CORP. Centers provide direct technical and SMALL BUSINESS Manhattan Empowerment Zone with E-mail: [email protected] Provides a spectrum of services to consulting assistance to technology- and Provides free counseling to startups access to financing and technical Web site: www.boedc.com individuals looking to start a business, to manufacturing-based businesses. Offers and existing businesses on various assistance. Services include business Its Business Initiative Corp. of New existing businesses and to neighborhood entrepreneurial and business assistance, aspects of their operations, including planning, loan packaging, help with York provides low-cost, long-term SBA commercial centers. Helps to expand, technical improvement assistance, marketing, financing, production, government permits and licensing, and 504 loans statewide, ranging from create or attract business through the financing and venture capital information, personnel and administration. computer training. Services are free and $50,000 to $1.5 million ($2 million in delivery of hands-on consulting, and information on state and federal Contact: Martin R. Lehman, marketing offered in both English and Spanish. economically deprived areas), for the microloans and entrepreneurial training. productivity and research grants. director, (212) 264-4507 Contact: Carmen Diaz-Santiago, purchase of machinery and equipment, Contact: Paisley Demby, director of small Contact: Jannette Rondó, director of E-mail: [email protected] executive director, (212) 544-2400 land improvements, construction and business services, communications, (518) 292-5700 Web site: www.scorenyc.org E-mail: [email protected] real estate. (718) 282-2500, ext. 241 E-mail: [email protected] Web site: www.audubonpartnership.org Contact: Madeline Marquez, executive E-mail: [email protected] Web site: www.nystar.state.ny.us SOUTH BRONX OVERALL ECONOMIC director, (718) 590-3980 Web site: www.camba.org DEVELOPMENT CORP. BRONX OVERALL ECONOMIC E-mail: [email protected] NEW YORK STATE GOVERNOR’S Its Entrepreneurial Assistance DEVELOPMENT CORP. Web site: www.boedc.com EMPIRE STATE CERTIFIED OFFICE OF REGULATORY REFORM Program offers business training for new Assists with a full range of services to DEVELOPMENT CORP.: THE 504 CO. Helps grow private-sector jobs entrepreneurs and existing business Bronx businesses that are expanding, as BUSINESS OUTREACH CENTER Certified by the SBA to provide through sensible regulation and permit owners. Also offers office space to well as those that are interested in NETWORK financing, with a lending partner, of up assistance. startups at SoBRO’s Venture Center, a relocating to the Bronx. Its BOC Capital Corp. Small Business to 90% for projects involving Its Business Permit Unit provides small business incubator that provides Contact: Rome A. Birkett, technical Loan Fund offers small business loans of acquisitions or improvement of real individualized assistance in identifying on-site training and technical assistance and real estate coordinator, up to $35,000. BOC Capital offers a estate, machinery and equipment and obtaining licenses and permits. assistance. (718) 537-5261 flexible, order-based loan product that through the 504 program. GORR’s Web site has a database of Contact: Garrett Lucien, deputy director, E-mail: [email protected] enables entrepreneurs to fill existing Continued on Page 30 more than 1,200 business permits. (718) 732-7534 Contact: Kathleen Davidson, supervisor, E-mail: [email protected] (518) 474-8275 Web site: www.sobro.org E-mail: [email protected] Its New York City Industrial Business Web site: www.nys-opal.com Zone Program monitors the Industrial THERE ARE NO SMALL BUSINESSES. Park for New York City and reports any PARTNERSHIP FOR NEW YORK CITY problems confronting businesses. Assists An organization made up of business businesses in communicating with city leaders from the city’s top firms with the agencies. mission of enhancing the city’s Contact: Stephane Hyacinthe, director, economic well-being. (718) 732-7537 “We wanted a Its New York City Investment Fund is a E-mail: [email protected] private fund that invests in businesses Web site: www.sobro.org neighborhood bank. and nonprofits that promote the local economy. SUFFOLK COUNTY DEPARTMENT OF We chose Carver.” Contact: (212) 493-7400 ECONOMIC DEVELOPMENT AND Web site: WORKFORCE HOUSING www.nycif.org “The Food Bank For New York City distributes Helps business owners obtain public QUEENS ECONOMIC and private financing, provides food to more than 1,000 food assistance DEVELOPMENT CORP. individualized counseling and technical programs throughout New York City. When we Works with community partners and business assistance, access to needed to refinance a high-interest loan on our supporters to provide a spectrum of government contract information and Community Kitchen of West Harlem, we turned services to Queens businesses. Focuses training seminars. on improving commercial districts, Contact: Nick Anastasi, assistant to the to Carver Bank. Even with comparable offers business and tourism. Seeks to provide commissioner, (631) 853-4800 from other lenders, I know we made the right business owners with a range of choices E-mail: [email protected] choice in Carver. They’re a dependable, and flexibility to accelerate business. Web site: www.suffolkcountyny.gov community-driven bank that recognizes the value Contact: Spencer Ferdinand, executive director, (718) 263-0546 U.S. SMALL BUSINESS in what we do for those in need.” E-mail: [email protected] ADMINISTRATION - Dr. Lucy Cabrera President and CEO, Web site: www.queensny.org Provides one-to-one counseling and Food Bank For New York City Its Entrepreneurial Assistance training for startup and existing businesses. VITAL STATS Contact: John J. Miller, chief of marketing, (212) 264-4354 Web site: www.sba.gov BUSINESS ONLINE BANKING WOMEN PRESIDENTS’ ORGANIZATION Offers peer advisory groups for BUSINESS CHECKING 1.9M women chief executives and presidents BUSINESS LOANS of companies with annual revenues of Estimated more than $2 million. Groups meet number of small monthly to promote professional and personal development. 718.230.2900 carverbank.com/smallbusiness businesses in Contact: Marsha Firestone, president and founder, (212) 688-4114 2006 in NY state E-mail: [email protected] Web site: www.womenpresidentsorg.com

November 10, 2008 | Crain’s New York Business | 29 CNYB 11-10-08 A 30 11/6/2008 5:14 PM Page 1

REPORT GROWING A BUSINESS GUIDE

Web site: www.nycedc.com Web site: www.nyc.gov/finance DEVELOPMENT CORP. Financial Assistance Stimulates economic growth NEW YORK CITY DEPARTMENT OF NEW YORK CITY DEPARTMENT OF through expansion and redevelopment Continued from Page 29 Its Business Center offers resources FINANCE SMALL BUSINESS SERVICES programs that encourage investment, Contact: Chet Sadowski, senior vice for business development, including Its Commercial Expansion Program Its Access to Capital Program helps generate prosperity and strengthen the president, (212) 785-5642 technical assistance, microloans of up to offers a partial real property tax businesses access financing. Services city’s competitive position. Provides E-mail: [email protected] $35,000 and training in e-commerce abatement for tenants that directly lease include referring customers to credit industry expertise and financial Web site: www.nybdc.com and business management. The center is space in nonresidential or mixed-used repair counselors, recommending resources for companies interested in equipped with a technology lab. parcels in areas zoned C4, C5, C6, M1, lenders and assisting with packaging locating or growing in New York City. GREATER NEW YORK DEVELOPMENT Contact: Yanki Tshering, (212) 898-4112 M2 or M3 north of 96th Street in loan applications. Its Commercial Incentives for Lower CO./LONG ISLAND E-mail: [email protected] Manhattan, or in the other four Contact: Lindsy Carpenter, director, NYC Manhattan Program offers savings for DEVELOPMENT CORP. Web site: www.nyana.org boroughs. Business Solutions Centers and businesses relocating or recommitting to Offers low fixed-rate mortgages for Contact: Brenda Russ, 311 Business Education, (212) 618-6785 lower Manhattan. They include businesses and nonprofits buying, NEW YORK BUSINESS E-mail: [email protected] Email: [email protected] commercial rent tax savings, sales tax renovating and refinancing buildings, DEVELOPMENT CORP. Web site: www.nyc.gov/finance Web site: www.nyc.gov/business solutions savings, Lower Manhattan Relocation condos and co-ops. Provides up to Promotes economic development Its Commercial Revitalization Program Its Avenue NYC: Commercial and Employment Assistance Program $4 million, 25-year loans in New York, through long-term fixed-rate loans for provides a partial real property tax Revitalization Program provides funding benefits and World Trade Center rent New Jersey and Connecticut; provides creditworthy businesses in cooperation abatement for tenants that directly lease for nonprofit economic development reductions. working capital and contracting with our lending partners. Loans of up space in nonresidential or mixed-used organizations to carry out commercial Contact: (212) 312-3600 assistance on Long Island. to $4 million with 90% financing. premises built before 1975 and located revitalization activities in the districts E-mail: [email protected] Contact: Roslyn Goldmacher, president Contact: Chet Sadowski, senior vice in lower Manhattan. they serve. The goal of the program is to Web site: www.nycedc.com and chief executive, (866) 433 5432 president, (212) 785-5642 Contact: Brenda Russ, 311 create the conditions under which E-mail: [email protected] E-mail: [email protected] E-mail: [email protected] businesses can thrive and residents can NEW YORK CITY INDUSTRIAL Web site: www.gnydc.org Web site: www.nybdc.com Web site: www.nyc.gov/finance enjoy access to a vibrant mix of goods DEVELOPMENT AGENCY Its Commercial Abatement Program and services. Its Bond Program issues tax-exempt HOUSING PARTNERSHIP NEW YORK CITY CAPITAL gives a partial real property tax Contact: Andrea Buteau, senior program bonds to finance capital projects of $4 DEVELOPMENT CORP. RESOURCE CORP. exemption or abatement of taxes for manager, (212) 618-8970 million or more. Qualifying borrowers Promotes the development of Encourages community and owners of industrial or commercial E-mail: [email protected] include owners and developers of affordable housing and expands economic development and job buildings that are constructed, Web site: www.nyc.gov/sbs manufacturing and solid waste opportunities for local residents and creation and retention throughout New rehabilitated, expanded or otherwise Its Empire Zones Program encourages recycling facilities and developers of businesses to participate in community York City by providing lower-cost physically improved. capital investment and job growth eligible facilities in the Empowerment economic development. Provides loans financing programs to qualified not- E-mail: [email protected] through incentives for new and Zone. and technical assistance to nonprofit and for-profit institutions and Web site: www.nyc.gov/finance expanding firms. These include wage, Its Not-for-Profit Bond Program for-profit developers of affordable manufacturing, industrial and other Its Relocation and Employment investment and property tax credits; a enables 501(c)(3) organizations housing. businesses for their eligible capital Assistance Program offers an annual state sales tax exemption; utility purchasing, developing, renovating or Contact: Daniel E. Martin, president, projects. Through its Loan Enhanced credit applied toward business tax discounts; and low-interest loans. equipping facilities for their own use to (646) 217-3372 Assistance Program, CRC can make liabilities for businesses that relocate Contact: Jared Walkowitz, director, access triple-tax-exempt bond financing E-mail: [email protected] direct loans to not-for-profits that are from outside the city or from south of (212) 618-8863 and, in some cases, mortgage recording Web site: www.housingpartnership.com expanding or improving services in 96th Street in Manhattan to anywhere E-mail: [email protected] tax reduction. Pooled bond structures to New York City. else in the city. Web site: www.nyc.gov/smallbiz reduce costs are also available for certain NEW YORK ASSOCIATION FOR NEW Contact: (212) 312-3600 Contact: Mona Sidarous, (212) 361-6705 not-for-profit borrowers. CRAINS_11-10-08.ai 11/3/2008 8:18:18 PM AMERICANS E-mail: [email protected] E-mail: [email protected] NEW YORK CITY ECONOMIC Continued on Page 31 In a tough market, it takes brains to thrive

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30 | Crain’s New York Business | November 10, 2008 CNYB 11-10-08 A 31 11/6/2008 5:15 PM Page 1

REPORT GROWING A BUSINESS GUIDE

Crain’s editors drew Contact: (212) 898-4130 Web site: www.gnydc.org VITAL STATS upon recent stories Web site: www.nyana.org Sources and surveyed local NEW YORK BUSINESS organizations to PROJECT ENTERPRISE DEVELOPMENT CORP. Between 2007 develop a list of places Contact: (212) 678-6734 Contact: Chet Sadowski, (212) 785-5642 of Capital Web site: www.projectenterprise.org Web site: www.nybdc.com and 2008, for small businesses to turn for capital in an the number of environment where ECONOMIC RENAISSANCE ECONOMIC for Small many lenders are DEVELOPMENT DEVELOPMENT CORP. SBA loans in NYC cutting back. Best bets ORGANIZATIONS Contact: (212) 964-6022 include government Web site: www.renaissance-ny.org dropped 39.5% Economic development organizations lend Businesses aid programs. to 2,427; money and help small businesses access UPPER MANHATTAN government cash.These groups’ programs DEVELOPMENT CORP. volume fell to often focus on a specific area or community. Contact: Hope Knight, MICROLENDERS BUSINESS OUTREACH CENTER (212) 410-0030, ext. 206 NETWORK BRONX OVERALL ECONOMIC Web site: www.umez.org New York City’s thriving microlenders Contact: (718) 624-9115 DEVELOPMENT CORP. $281.2 M typically make small loans— $50,000 or Web site: www.bocnet.org Contact: Rome A. Birkett, (718) 537-5261 WASHINGTON HEIGHTS AND INWOOD less—to startup or expanding small Web site: www.boedc.com DEVELOPMENT CORP. from businesses, often those owned by GRAMEEN AMERICA Contact: (212) 795-1600 immigrants. Contact: (212) 897-4929 GREATER NEW YORK DEVELOPMENT Web site: www.whidc.org Web site: www.grameenamerica.com CO./LONG ISLAND DEVELOPMENT ACCIÓN NEW YORK CORP. ONLINE LENDERS $357.9 M Contact: (212) 387-0494 NEW YORK ASSOCIATION FOR NEW Contact: Roslyn Goldmacher, Online lenders charge higher interest rates Web site: www.accionnewyork.org AMERICANS (866) 433-5432 than banks but offer quick turnaround and have an easier application process. Web site: www.banksavoy.com

and a number of federal tax deductions ON DECK CAPITAL OTHER RESOURCES Financial Assistance and credits to businesses in the zone. Contact: (888) 269-4246 Construction in the zone can be Web site: www.ondeckcapital.com A host of organizations either offer financed by tax-free bonds. additional financing assistance or help Continued from Page 30 term financing or political risk insurance Contact: Hope Knight, chief operating COMMUNITY BANKS small businesses find it. Its Small Industry Incentive Program to eligible U.S. companies investing in officer, (212) 410-0030, ext. 206 provides qualifying industrial and more than 150 emerging markets and E-mail: [email protected] Community banks often offer lending BUSINESS RESOURCE AND manufacturing companies with real developing countries. Web site: www.umez.org programs geared to local needs. Many have INVESTMENT SERVICE CENTER estate tax abatements, mortgage- Contact: (202) 336-8799 funds available when larger banks are Contact: Ellingston Clark, recording tax benefits and sales tax E-mail: [email protected] WASHINGTON HEIGHTS AND INWOOD ratcheting back on lending. (212) 410-0030, ext. 272 exemptions on the purchase of materials Web site: www.opic.gov DEVELOPMENT CORP. Web site: www.umez.org used to construct, renovate or equip Its BO$$ Business Development Loan CARVER FEDERAL SAVINGS BANK facilities for their own use. QUEENS ECONOMIC Program provides direct loans of up to Contact: (718) 230-2900 NEW YORK STATE FOUNDATION FOR Contact: (212) 312-3600 DEVELOPMENT CORP. $25,000 to businesses, primarily in Web site: www.carverbank.com SCIENCE, TECHNOLOGY AND E-mail: [email protected] Its Program for Investment in upper Manhattan. Makes loans of up to INNOVATION Web site: www.nycedc.com Microenterprise provides training, $50,000 in partnership with other NEW YORK COMMUNITY BANK Contact: Jannette Rondó, (518) 292-5700 technical and financial assistance to low- lenders. Contact: (866) 623-7686 Web site: www.nystar.state.ny.us NEW YORK STATE BANKING income, disadvantaged entrepreneurs Contact: Daniel Ramos, chief loan officer, Web site: www.mynycb.com DEPARTMENT wishing to start or expand a business. (212) 795-1600 SMALL BUSINESS ADMINISTRATION Has listings of governmental and Helps clients by reviewing each case to E-mail: [email protected] SAVOY BANK Contact: (800) 827-5722 private-sector financial assistance determine which lending sources are Web site: www.whidc.org Contact: (646) 775-4000 Web site: www.sba.gov programs, as well as technical assistance appropriate. programs, under the “Small Business Contact: Jamila Payne, director, business Directory” section of its Web site. services, (718) 263-0546, ext. 18 Contact: (877) 226-5697 E-mail: [email protected] E-mail: [email protected] Web site: www.queensny.org Web site: www.banking.state.ny.us RENAISSANCE ECONOMIC We believe in small business. NEW YORK STATE FOUNDATION FOR DEVELOPMENT CORP. SCIENCE, TECHNOLOGY AND Its Small Business Loan Fund offers INNOVATION loans of up to $100,000 to entrepreneurs Its Small Business Technology who require additional funding to Investment Fund offers capital for expand existing enterprises or start new qualified innovative technology-based ones. The affordable interest rate businesses. Investments (debt and installment loans may be used for equity) range from $50,000 to $500,000 working capital or fixed assets. and have a matching funds requirement. Contact: (212) 964-6022 Also promotes regional seed funds and E-mail: [email protected] works with regional investors to provide Web site: www.renaissance-ny.org technology startups with funding and support at the earliest stages of SOUTH BRONX OVERALL ECONOMIC investing. DEVELOPMENT CORP. Contact: Divjot “Sunny” Narang, Its Port Morris Empire Zone Program (518) 292-5700 assists businesses in receiving Empire E-mail: [email protected] Zone certification and informs them of Web site: www.nystar.state.ny.us all tax benefit incentives and how to apply. NEW YORK STATE TRADE ADJUSTMENT Contact: Stephane Hyacinthe, director of ASSISTANCE CENTER zone programs, (718) 732-7537 Equips New York state E-mail: [email protected] manufacturers to respond to import Web site: www.sobro.org competition by offering 50-50 cost- sharing on consulting projects. The SUFFOLK COUNTY DEPARTMENT OF Each year, hundreds of certified minority, women-owned, and small business funds are applied toward the cost of ECONOMIC DEVELOPMENT AND enterprises (M/W/SBE) play a major role in delivering critical services and products professional consultants, engineers or WORKFORCE HOUSING other outside service providers engaged Its Industrial Development Agency that fuel the world’s largest airport system, the East Coast’s biggest seaport, and the on behalf of a firm to develop and offers financial assistance by issuing tax- region’s most active tunnels, bridges, and terminals. implement comprehensive projects in exempt or taxable bonds, as well as Now more than ever before – the Port Authority needs regional businesses to manufacturing, engineering, marketing, incentives such as real property tax information technology and strategic abatements, sales tax exemptions and help it complete its $29.5 billion 10-year capital investment plan. planning. mortgage-recording tax exemptions. At the Port Authority, we believe in small business; we believe in you. Become Contact: Gary Youmans, director, client Contact: Bruce Ferguson, executive a certified M/W/SBE firm today. development, (212) 921-1662, ext. 302 director, (631) 853-4802 E-mail: [email protected] E-mail: [email protected] Web site: www.nystaac.org Web site: www.co.suffolk.ny.us panynj.info/doingbusinesswith OVERSEAS PRIVATE UPPER MANHATTAN INVESTMENT CORP. DEVELOPMENT CORP. Provides up to $250 million in long- Offers government-financed loans

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REPORT GROWING A BUSINESS GUIDE

The following is a list of companies G NEW YORK STATE ENERGY RESEARCH New York’s chambers of commerce that provide energy-related AND DEVELOPMENT AUTHORITY offer services, including financial Utility assistance, such as reductions in Chambers of help, networking opportunities and Provides energy-related assistance to energy costs, to small businesses New York state residents, businesses and legislative initiatives.They are also looking to expand or relocate institutions to promote energy efficiency a great resource for city government Services within the five boroughs. and economic development, and Commerce information. sponsors energy research and development programs. Current and G CONSOLIDATED EDISON CO. Contact: Domenic Abbatiello, director, upcoming funding opportunities are G BROOKLYN CHAMBER OF COMMERCE E-mail: [email protected] OF NEW YORK economic development, (516) 545-3873 listed on Nyserda’s Web site. A membership-based business Web site: www.bronxchamber.org Offers incentives to encourage E-mail: [email protected] Contact: (866) 697-3732 assistance and economic development business creation in New York City and Web site: www.nationalgridus.com E-mail: [email protected] organization that provides support and G NEW YORK WOMEN’S CHAMBER OF Westchester County. Its economic Web site: www.nyserda.org services to small businesses of Brooklyn. COMMERCE development programs provide reduced G NEW YORK CITY DEPARTMENT OF Its Clean Cities Sharing Network Contact: Rosalie Rance, vice president of Dedicated to fostering women’s electric and gas rates for expansion and SMALL BUSINESS SERVICES offers technical and financial resources marketing and membership, economic, leadership and professional relocation. Its Energy Cost Savings Program to encourage use of alternative (718) 875-1000, ext. 148 growth through the provision of business Bronx/Westchester: James Hartwick, reduces regulated energy costs for transportation fuels. This includes E-mail: [email protected] and microenterprise development (914) 925-6459 industrial and commercial businesses rebates for purchase or conversion of Web site: www.ibrooklyn.com programs, education and training, Brooklyn: Stuart Leffler, (718) 802-5004 that relocate or renovate. Businesses New York City taxis, grants for purchase mentoring, coaching, networking and Manhattan: Debra Patterson, must file an application before executing of clean-fueled buses and support for G BUSINESS COUNCIL OF access to capital and advocacy. (212) 460-6198 a lease or contract of sale. Businesses conversion, purchase or infrastructure WESTCHESTER Contact: Quenia Abreu, president and Queens: Andrew Manger, (718) 298-7646 occupying space within premises that projects undertaken by private- and Offers services, programs and chief executive, (212) 491-9640 Staten Island: Frank Pentecost, have been renovated may also be eligible public-vehicle fleets. information in the areas of economic E-mail: [email protected] (212) 460-4748 for ECSP benefits. Contact: Patrick Bolton, development, legislative advocacy, area Web site: www.nywcc.org Contact: Toni Graziano, manager, Contact: Dial 311 (518) 862-1090, ext. 3322 development and small business affairs. economic development, (201) 236-6009 Web site: www.nyc.gov/smallbiz E-mail: [email protected] Contact: Marsha Gordon, president and G QUEENS CHAMBER OF COMMERCE Web site: www.coned.com Under its Lower Manhattan Energy Web site: www.nyserda.org chief executive, (914) 948-2110, ext. 310 Fosters commerce and improves the Program, renovated commercial office Its Flexible Technical Assistance E-mail: [email protected] quality of life for residents by advocating G NATIONAL GRID buildings in lower Manhattan and their Program offers energy audits and Web site: www.westchesterny.org for the business community, holding Offers incentives to new businesses eligible commercial tenants may be assistance. Focuses on increasing networking events, and helping to keep in its service territories as well as many eligible for reductions in energy costs. productivity and economic competition G CITY ISLAND CHAMBER OF the community informed of the latest energy programs. Benefits are for eight years, followed by by encouraging the implementation of COMMERCE developments affecting industry and the Contact: Domenic Abbatiello, director, a four-year phaseout. cost-effective energy efficiency Promotes business for City Island. private sector. economic development, (516) 545-3873 Contact: Jim Toppings, (212) 618-8729 measures. A variety of funding options Helps businesses and visitors with Contact: Sophia Ganosis, chief of E-mail: [email protected] E-mail: [email protected] are available for the services. information through the chamber operations, (718) 898-8500 Web site: www.nationalgridus.com Web site: www.nyc.gov/smallbiz Contact: Mark Mayhew, Web site. E-mail: [email protected] Its Economic Development Gas Rate (518) 862-1090, ext. 3319 Contact: Peter J. LaScala, president, Web site: www.queenschamber.org Program reduces natural gas costs for VITAL STATS E-mail: [email protected] (718) 885-9100 commercial and industrial customers in Web site: www.nyserda.org E-mail: [email protected] G STATEN ISLAND CHAMBER OF its service territories. Its New York Energy Smart Program Web site: www.cityislandchamber.org COMMERCE Contact: Victor Vientos, manager, NYC offers funding to lower electricity costs Acts to improve the economic climate local development area, (718) 982-7416 by encouraging energy efficiency.The G GREENWICH VILLAGE-CHELSEA and to expand business opportunities. E-mail: [email protected] 61,718 program is available to electric CHAMBER OF COMMERCE Contact: Linda Baran, president and Web site: www.nationalgridus.com distribution customers that pay into the Provides networking luncheons, chief executive, (718) 727-1900 National Grid Energy Delivery offers businesses system benefits charge that appears on after-hours events, business seminars E-mail: [email protected] commercial and industrial space, utility bills. and other marketing opportunities. Web site: www.sichamber.com discounted gas rates, loans, letters of opened in 2006 Contact: (866) 697-3732 Contact: Dirk McCall, executive director, credit and loan guarantees, loan in NY state E-mail: [email protected] (212) 255-5852 G WEST SIDE CHAMBER OF COMMERCE packaging and partnerships and grants. Web site: www.nyserda.org E-mail: [email protected] Provides advice to businesses and Web site: www.villagechelsea.com residents. Offers a member health plan and discounts on credit card processing. G MANHATTAN CHAMBER OF Showcases local businesses with the COMMERCE Amsterdam and Columbus Avenue Advocates for positive business Festivals. Your company may be eligible for legislation, sponsors educational Contact: Andrew Albert, (212) 541-8880 seminars and networking events, E-mail: [email protected] markets member companies and Web site: up to $400,000 in Training Funds encourages global business. Holds street www.westmanhattanchamber.org fairs and volunteer expos, and supports the nonprofit community. Contact: “NYC Business Solutions Laura Bucko, director of THESE LISTINGS were compiled by communications, (212) 473-7875 Denise Southwood, Maia Blume, Steph- E-mail: Training Funds made it easy [email protected] anie Kim and Sarah Studley. Organiza- Web site: www.manhattancc.org to lower the cost of employee tions were asked to provide listings if they G NEW BRONX CHAMBER OF appeared last year or if they contacted training and increase my profits.” COMMERCE Crain’s requesting inclusion. Some entries were edited for length. Organizations that Provides its members with would like to appear in the next guide counseling and free referrals, free should e-mail descriptions that follow the David Serrano, General Manager ombudsman services to solve problems Fairway Market –Red Hook, Brooklyn guide format to Denise Southwood, with government agencies, and [email protected], or marketing and research assistance. Also Maia Blume, [email protected]. sponsors free seminars and networking events. VITAL STATS information was provided by Contact: Lenny Caro, chief executive, the U.S. Small Business Administration. Pre-Apply (718) 828-3900 by November 21 SMALL BIZ RESOURCES ON CRAINSNEWYORK.COM Finding out is fast and easy Complete a simple pre-application! GROWING A BUSINESS changes and other news. Click www.nyc.gov/training GUIDE ONLINE Crain’s list of on “Register for Free E-mail more than 600 organizations Newsletters” at the upper right that help small businesses corner of the Web site. New York City Department of Small Business Services can be accessed through the Michael R. Bloomberg, Mayor | Robert W. Walsh, Commissioner ARCHIVES Use the “Archives” “Resources” tab at Equal Opportunity Employer/Program, Auxiliary aides and services available upon request to individuals with disabilities. tab to find stories in previous www.crainsnewyork.com. editions of the paper. SMALL BUSINESS ALERTS EVENTS Small businesses can Sign up for free e-mail alerts list their events and see what and be the first to know about else is on around the city by city incentives, key policy going to the “Events” tab.

32 | Crain’s New York Business | November 10, 2008 CNYB 11-10-08 A 33 11/6/2008 8:12 PM Page 1

THE WEEKS AHEAD

THIS WEEK’S EVENTS or [email protected]. (212) 479-3341 or [email protected]. table of 10. (212) 210-0257 or on weathering the financial storm. NOVEMBER 11 NOVEMBER 18 [email protected]. 6 p.m. to 8 p.m., 530 Fifth Ave., 14th American Business Women’s NOVEMBER 17-23 Lower Manhattan Business Solutions NOVEMBER 19 floor. Free. Preregistration required. Association holds networking and NOVEMBER 18 Center holds seminar on how and where New York Society of Security Analysts (212) 642-4871. dinner meeting. 5:45 p.m. to 8:15 p.m., Score NYC holds seminar on financing to get financing. 3 p.m. to 5 p.m., holds seminar on equity options NOVEMBER 25 Domenico’s Restaurant, 120 E. 40th St., and tax planning for small businesses. 110 William St., fourth floor conference markets. 6 p.m. to 8:30 p.m., 1177 Sixth Center for Nonprofit Strategy and rear meeting room. Fee: $30 members 9:30 a.m. to 4 p.m., New York State room. Free. (212) 618-8914 or Ave., second floor. Fee: $75 members, Management at Baruch College holds and first-timers, $40 repeat visitors. Society of CPAs, 3 Park Ave., 34th floor. [email protected]. $115 nonmembers. (212) 541-4530. seminar on building capacity in times Preregistration required. (212) 387-8134 Fee: $85 in advance, $95 at the door. NOVEMBER 18 NOVEMBER 20 of financial stress. 4 p.m. to 6 p.m., or [email protected]. (212) 264-4507 or [email protected]. Lloyd’s of London holds conference on Federation Employment and Guidance 151 E. 25th St., room 750. NOVEMBER 11, 18, 25 NOVEMBER 18 businesses facing a liability crisis. 8 a.m. Service holds seminar on business in Free. Preregistration required. Brooklyn Cooperative Federal Credit Center for an Urban Future and the to 11 a.m., TheTimesCenter, unpredictable times. 5:30 p.m. to (646) 660-6743 or Union holds seminar on starting a small Lawrence N. Field Center for 242 W. 41st St. Free. (212) 373-6029 or 7:30 p.m., UJA-Federation of New [email protected]. business. 6:30 p.m. to 8:30 p.m., Bedford Entrepreneurship hold conference on [email protected]. York, 130 E. 59th St., seventh floor. —maia blume Stuyvesant Restoration Plaza, immigrant entrepreneurs as a new NOVEMBER 19 Free. (212) 366-9533. 1368 Fulton St. Free. (718) 636-6924. engine for economic growth. 8:30 a.m. Crain’s New York Business holds its Small More meetings online at NOVEMBER 12 to 2 p.m., Baruch College Vertical Business Awards Breakfast. 7:30 a.m. to NOVEMBER 24-30 www.crainsnewyork.com B’nai B’rith Real Estate Unit holds Campus, 55 Lexington Ave., room 14- 9 a.m. Jacob K. Javits Center, 655 W. NOVEMBER 24 Click on “Events” lunch with H. Dale Hemmerdinger, 220. Free. Preregistration required. 34th St. Fee: $70 individual ticket, $700 Cowan Financial Group holds seminar chairman of the Metropolitan Transportation Authority. 12 p.m. to 2 p.m., Cornell Club, 6 E. 44th St., Ivy Room. Fee: $60 in advance, $70 at the door. (212) 885-7239 or [email protected]. NOVEMBER 12 New York American Marketing My banker asked if I’d like to Association holds program on how pharmaceutical firms market to multicultural audiences. 8 a.m. to 10 a.m., 116 E. 27th St., sixth floor. Fee: come to the bank less often. $35 members, $55 nonmembers. (212) 687-3280 ext. 222 or [email protected]. NOVEMBER 12 This relationship is unique. Small Business Development Center holds workshop on ways to crank up your Web site traffic. 6 p.m. to 8 p.m., St. Joseph’s College, 245 Clinton Ave., Brooklyn. Free. (718) 960-8697 or [email protected]. NOVEMBER 13 Bosco Law Firm holds seminar on estate planning for the small business owner. 4 p.m. to 5:30 p.m., 110 Wall St., 11th floor. Fee: $25. Preregistration required. (212) 709-8203 or [email protected]. NOVEMBER 13 InterExchange Career Training USA holds breakfast program on finding and hiring great interns. 8 a.m. to 10 a.m., Roger Smith Hotel, 501 Lexington Ave., Starlight Room. Free. Preregistration required. (917) 305-5430 or [email protected]. NOVEMBER 13 Drum Major Institute for Public Policy holds breakfast with James Keyes, chairman and chief executive of Blockbuster Inc. 8 a.m. to 10 a.m., Dr. Beth Miller Harvard Club, 35 W. 44th St. Free. Preregistration required. (646) 274-5700 pediatric group practice or [email protected]. New York, NY NOVEMBER 13 New York Business Schools Club holds M.B.A. networking reception. 6:30 p.m. to 10:30 p.m., Strata, 915 Broadway. Fee: $55. Preregistration required. (718) 627-1989 or [email protected]. NOVEMBER 13 The Employment Line holds seminar on the job market in the current economic climate. 8 a.m. to 10 a.m., Jolly Hotel Madison Towers, 22 E. 38th St. Free. (212) 931-6430 or Open a new account by November 21, 2008, to save up to [email protected]. 1 NOVEMBER 14 $500 with FREE installation of Remote Deposit Capture. Commercial Property News holds New York investment summit. 7:30 a.m. to 12 Ready to start depositing checks from your offi ce instead of at the bank? With p.m., Westin NY at Times Square, 270 Remote Deposit Capture from HSBC Business Banking, you’ll receive a scanner W. 43rd St. Fee: $225. (646) 654-7268 that lets you make deposits straight from your computer. Which means no more letting checks pile up, and no more spending time at, ahem, the bank making TO LIST YOUR EVENT deposits. Don’t worry, we’ll still be close. Speak to a relationship manager today Crain’s lists business meetings online and includes them in the print edition on a space-available basis. about how we can tailor our solutions to support your success. Visit a local branch, Events in New York City with admission fees of less call 1 866 427-2060 or go to us.hsbc.com/remotedeposit. than $300 are considered for the print publication. Listings can be submitted only through the Crain’s Web site. To submit a calendar listing, go to www.crainsnewyork.com and click on “Events.” Sponsors have a choice of several free or paid list- 1 Applies to new-to-bank HSBC business checking account customers who open an ExtraVantage Checking for Business or BusinessSmart for Professionals ing options. All business events will be posted checking account by November 21, 2008, and is limited to single feed service only. Remote Deposit Capture service must be implemented at the customer online within two business days. site within 90 days of the checking account opening date to be eligible. Limit one installation fee waiver per customer. Crain’s can neither confirm receipt of listings nor say In the United States, banking products are offered by HSBC Bank USA, N.A. or HSBC National Bank USA. Both banks are Member FDIC. if or when event listings will appear in the print edition. ©2008 HSBC Bank USA, N.A.

November 10, 2008 | Crain’s New York Business | 33 nb45p34-35cls.qxp 11/6/08 3:50 PM Page 34

TELEPHONE EQUIPMENT WILL BUY ALL PUBLIC & LEGAL NOTICES OFFICE TELEPHONE EQUIPMENT Please Call: 212-Richard. Please Call: 212-742-4273 Notice of Formation of CROWN FIFTH Notice of Qualification of Fortuna Notice of Qualification of WILLIAMS Notice of Formation of Faria & Associates RETAIL LLC. Arts. of Org. filed with Secy. Insurance Services, LLC. Authority filed U.S.A. REALTY SERVICES, LLC. Authority Fine Art LLC. Arts. of Org. filed with NY of State of N.Y. (SSNY) on 3/14/08. Office with Secy. of State of NY (SSNY) on filed with Secy. of State of NY (SSNY) on Dept. of State on 9/19/08. Office location: location: NY County. SSNY designated as 9/216/08. Office location: NY County. 9/22/08. Fictitious name in NY State: NY County. Sec. of State designated as PUBLIC & LEGAL agent of LLC upon whom process against it LLC formed in Kentucky (KY) on 7/26/05. WILLIAMS USARS, LLC. Office location: agent of LLC upon whom process against may be served. SSNY shall mail process to: SSNY designated as agent of LLC upon NY County. LLC formed in Delaware (DE) it may be served and shall mail process to: NOTICES c/o Crown Acquisitions, 362 Fifth Avenue, whom process against it may be served. on 8/21/08. SSNY designated as agent of 1220 N. Market St., Ste. 850, Wilmington, NY, NY 10001. Purpose: any lawful activity. SSNY shall mail process to: c/o National LLC upon whom process against it may DE 19801. Purpose: any lawful activity. SUPREME COURT - COUNTY OF BRONX Registered Agents, Inc., 875 Avenue of be served. SSNY shall mail process to: THE PARK AVENUE BANK, Plaintiff against 1001 CASTLE Notice of Formation of 6408 NEW the Americas, Ste. 501, NY, NY 10001. 380 Madison Ave., NY, NY 10017. DE Notice of Qualification of GLOBAL PLUS+ REALTY GROUP CORP., et al Defendant(s).Pursuant to a UTRECHT AVE LLC, a domestic LLC. Arts. Address of the principal office: 120 North address of LLC: c/o United Corporate VALUE LLC. Authority filed with Secy. of Judgment of Foreclosure and Sale entered herein and of Org. filed with the SSNY on 09/11/08. Mill St., Lexington, KY 40507. Arts. of Services, Inc., 874 Walker Road, Ste. C, State of NY (SSNY) on 10/17/08. Office dated October 1, 2008, I, the undersigned Referee will Office location: NY County. SSNY has Org. filed with KY Secy. Of State, 700 Dover, DE 19904. Arts. of Org. filed with location: New York County. LLC formed in sell at public auction at the Mario Merola County been designated as agent upon whom Capital Ave., #152, Frankfurt, KY 40601. DE Secy. of State, Townsend Bldg., Dover, Delaware (DE) on 09/18/08. Principal Building, Room 600, 851 Grand Concourse, Bronx, NY process against the LLC may be served. Purpose: any lawful activities. DE 19901. Purpose: to engage in the real office of LLC: 650 Fifth Ave., NY, NY on the 1st day of December, 2008 at 2:00 PM premises estate management business. 10019. SSNY designated as agent of LLC situate, lying and being in the Borough and County of the SSNY shall mail a copy of process to: 37A Orchard Street, NY, NY 10002. Purpose: Notice of Formation of New York Phone upon whom process against it may be Bronx, City and State of New York, bounded and Card LLC, Art. of Org. filed Sec’y of State served. SSNY shall mail process to described as follows: BEGINNING at a point on the cor- Any Lawful Purpose. Notice of Formation of 11 Rector Street, ner formed by the intersection of the northerly side of (SSNY) 7/9/08. Office location: NY County. LLC. Arts. of Org. filed with Secy. of State Corporation Service Co., 80 State St., Eastern Boulevard with the westerly side of Castle Hill Notice of Qualification of Microcal, LLC. SSNY designated as agent of LLC upon of N.Y. (SSNY) on 7/24/08. Office loca- Albany, NY 12207. DE address of LLC: Avenue as the same are now legally opened; being a plot Authority filed with Secy. of State of NY whom process against it may be served. tion: NY County. SSNY designated as 2711 Centerville Rd., Ste. 400, Wilmington, 108.06 feet by 80.36 feet by 108.06 feet by 80.45 feet. (SSNY) on 10/2/08. Office location: NY SSNY shall mail copy of process to 37-13 agent of LLC upon whom process against New Castle Co., DE 19808. Arts. of Org. Said premises known as 1001 CASTLE HILL AVENUE, County. LLC formed in Delaware (DE) on 74th St., Store #4, Jackson Heights, NY it may be served. SSNY shall mail process filed with Secy. of State of DE., John G. BRONX, NY Approximate amount of lien $1,788,290.26 11/15/99. SSNY designated as agent of 11372. Purpose: any lawful activities. to: The LLC, 11 Rector St., NY, NY 10006. Townsend Bldg., Ste. 4, Dover, DE, 19901. plus interest & costs. Premises will be sold subject to LLC upon whom process against it may be Purpose: any lawful activity. Purpose: Any lawful activity provisions of filed judgment and terms of sale. Index served. SSNY shall mail process to: The Notice of Formation of Twentywest Number 18755/07. STEVEN J. BAKER, ESQ., Referee. LLC, 22 Industrial Dr. East, Northampton, Properties, LLC, Art. of Org. filed Sec’y of Notice of Formation of HAIR FOR YOUR Notice of Qualification of East 12th Street KRISS & FEUERSTEIN LLP Attorney(s) for Plaintiff 360 State (SSNY) 7/15/08. Office location: NY Lexington Avenue, Suite 1200, New York, NY 10017 MA 01060, also address of the principal FUTURE, LLC. Arts. of Org. filed with Secy. JV LLC, App. for Auth. filed Sec’y of State office. Address to be maintained in DE: c/o County. SSNY designated as agent of LLC of State of N.Y. (SSNY) on 9/21/07. Office (SSNY) 8/7/08. Office location: NY County. The Corporation Trust Company, 1209 upon whom process against it may be location: NY County. SSNY designated as LLC org. in DE 6/4/08. SSNY designated Notice of Formation of 124 MACDOUGAL Orange St., Wilmington, DE 19801. Arts. served. SSNY shall mail copy of process agent of LLC upon whom process against as agent of LLC upon whom process STREET ASSOCIATES, LLC. Cert. of Conversion of Org. filed with DE Secy. Of State, 401 to Reinhardt LLP, 44 Wall St., 10th Fl., NY, it may be served. SSNY shall mail process against it may be served. SSNY shall mail filed with Secy. of State of NY (SSNY) on Federal St., Ste 4., Dover, DE 19901 . NY 10005. Purpose: any lawful activities. to: The LLC, 620 Park Ave., NY, NY 10021. copy of process to c/o Nat. Reg. Agents, 10/10/08, converting 124 MACDOUGAL Purpose: any lawful activities. Purpose: any lawful activity. 875 Ave of the Americas, NY, NY 10001, STREET ASSOCIATES to 124 MACDOUGAL Notice of Qualification of COASTAL PRO- the Reg. Agt. upon whom proc. may be STREET ASSOCIATES, LLC. Office location: TECTIVE SERVICES, LLC. Authority filed served. DE office addr.: 160 Greentree Dr., New York County. Principal office of LLC: Notice of Qualification of FASHIONOLOGY Notice of Qualification of THE L CONSUL- GROUP, LLC. Authority filed with Secy. of with Secy. of State of NY (SSNY) on TANCY GROUP LLC. Authority filed with Dover, DE 19904. Cert. of Form. on file: c/o Shapiro, 136 E. 56th St., Unit 16C, NY, 8/26/08. Office location: New York County. SSDE, Townsend Bldg., Dover, DE 19901. NY 10022. SSNY designated as agent of State of NY (SSNY) on 09/05/08. Office Secy. of State of NY (SSNY) on 10/10/08. location: New York County. LLC formed in LLC formed in Delaware (DE) on 12/16/02. Office location: New York County. LLC Purpose: any lawful activities. LLC upon whom process against it may be Principal office of LLC: 1 E. 57th St., NY, served. SSNY shall mail process to The LLC Delaware (DE) on 02/27/08. Principal formed in Delaware (DE) on 10/07/08. office of LLC: c/o CJ Apparel Group, LLC, NY 10022. SSNY designated as agent of Principal office of LLC: 437 Madison Ave., Notice of Qualification of Manikay Onshore at the principal office of the LLC. Purpose: LLC upon whom process against it may be Ownership of real estate. 1411 Broadway, NY, NY 10018. LLC NY, NY 10022. SSNY designated as agent Fund, LP, App. for Auth. filed Sec’y of State agrees to use fictitious name of FASH- served. SSNY shall mail process to the of LLC upon whom process against it may (SSNY) 7/22/08. Office location: NY County. IONOLOGY GROUP (FG), LLC while con- LLC at the address of its principal office. be served. SSNY shall mail process to c/o LP org. in DE 7/18/08. SSNY designated as Notice of Qualification of Siemens Addr. in jurisdiction of formation: c/o Electronics Assembly Systems, LLC. ducting business in NY. SSNY designated Corporation Service Co., 80 State St., agent of LP upon whom process against it as agent of LLC upon whom process National Corporate Research, Ltd., 615 S. Albany, NY 12207-2543. DE address of may be served. SSNY shall mail copy of Authority filed with NY Dept. of State on Dupont Hwy., Dover, Kent County, DE 9/30/08. Office location: NY County. against it may be served. SSNY shall mail LLC: 2711 Centerville Rd., Ste. 400, process to 375 Park Ave., Ste. 2701, NY, NY process to c/o Corporation Service Co., 19901. Arts. of Org. filed with Secy. of Wilmington, DE 19808. Arts. of Org. filed 10152. DE office addr.: c/o CSC, 2711 Principal business addr.: 170 Wood Ave. State of the State of DE, Div. of So., Iselin, NJ 08830. LLC formed in DE 80 State St., Albany, NY 12207. Arts. of with DE. Secy. of State, John G. Townsend Centerville Rd., Wilmington, DE 19808. Cert. Org. filed with DE Secy. of State, Div. of Corporations, PO Box 898, Dover, DE Bldg., 401 Federal St., Ste. 4, Dover, DE, of LP on file: SSDE, Townsend Bldg., Dover, on 7/30/08. NY Sec. of State designated 19903. Purpose: Any lawful activity. as agent of LLC upon whom process Corporations, PO Box 898, Dover, DE 19901. Purpose: Any lawful activity. DE 19901. Name/addr. of each gen. ptr. against it may be served and shall mail 19903. Purpose: Any lawful activity. avail. at SSNY. Purpose: any lawful activities. process to: CT Corporation System, 111 Notice of Formation of RF West 129 LLC. Notice of Formation of STAR QUALITY 8th Ave., NY, NY 10011, regd. agt. upon Notice of Formation of NATROB, LLC. Arts. of Org. filed with Secy. of State of GENERAL CONTRACTING LLC. Arts. of Notice is hereby given that a license, whom process may be served. DE addr. of Arts. of Org. filed with Secy. of State of N.Y. (SSNY) on 8/15/07. Office location: Org. filed with Secy. of State of NY number 1216810 for restaurant wine has LLC: 1209 Orange St., Wilmington, DE NY (SSNY) on 10/2/08. Office location: NY County. SSNY designated as agent of (SSNY) on 10/08/08. Office location: New been applied for by the undersigned to 19801. Arts. of Org. filed with DE Sec. of New York County. SSNY designated as LLC upon whom process against it may York County. Principal office of LLC: c/o sell wine at retail in a restaurant under the State, 401 Federal St., Dover, DE 19901. agent of LLC upon whom process against be served. SSNY shall mail process to: Corporation Service Co., 80 State St., Alcoholic Beverage Control Law at 515 Purpose: any lawful activity. it may be served. SSNY shall mail process Royal Field LLC, 164 W. 128th St., #1C, NY, Albany, NY 12207. SSNY designated as West 52nd Street, New York, New York to the LLC, 65 W. 36th St., 9th Fl., NY, NY NY 10027. Purpose: any lawful activity. agent of LLC upon whom process against 10019 for on premises consumption. NOTICE OF FORMATION of De’Lux Food 10018. Purpose: Any lawful activity. it may be served. SSNY shall mail process Applicant- Stanislas Inc. Production LLC. Arts. Of Org. filed with Notice of formation of a Limited Liability to the LLC at the address of its principal Secy. Of State of N.Y. (SSNY) on 8/05/08. Notice of Formation of 902 LIBERTY Company (LLC): Name: KONTAIN LLC, office. Purpose: Any lawful activity. Notice of Formation of Newshong LLC. Office location: New York County. SSNY AVENUE, L.P. Certificate filed with Secy. of Articles of Organization filed with the Arts. of Org. filed with Secy. of State of NY designated as agent of LLC upon whom State of NY (SSNY) on July 8, 2008. Office Secretary of State of New York (SSNY) on Notice of Formation of EDITIONS FAW- (SSNY) on 9/30/08. Office location: NY process against it may be served. SSNY location: New York County. SSNY desig- 09/30/08. Office location: New York BUSH LLC. Arts. of Org. filed with Secy. County. SSNY designated as agent of LLC shall mail process to principal business nated as agent of LP upon whom process County. SSNY has been designated as of State of NY (SSNY) on 09/25/08. Office upon whom process against it may be location: 244 Fifth Avenue, Suite S209, NY, against it may be served. SSNY shall mail agent of the LLC upon whom process location: New York County. Principal office served. SSNY shall mail process to: c/o NY 10001. Purpose: Any lawful activity. process to: c/o Bowery Resident’s against it may be served. SSNY shall mail of LLC: 448 West 19th St., #2G, NY, NY Van-Hang Nguyen MD, 14 E. 96th St., Apt. 9, Committee, 324 Lafayette St., New York, a copy of process to: C/O KONTAIN LLC, 10011. SSNY designated as agent of LLC NY, NY 10128. Purpose: any lawful activity. Notice of Qualification of McFarlin NY 10012. Name/address of each genl. ptr. Attention: Legal, 80 Franklin Street #1, upon whom process against it may be Insurance Agency, LLC. Application for available from SSNY. Term: until December New York, NY 10013. Purpose: Any served. SSNY shall mail process to Peter Notice of Formation of The Film Cube LLC. Authority filed with the Secretary of State 31, 2058. Purpose: any lawful activity. Lawful Purpose. Latest date upon which R. Stern, Esq., c/o Mclaughlin & Stern, Arts. of Org. filed with Secy. of State of NY of New York (SSNY) on October 3, 2008 LLC is to dissolve: No specific date.” LLP, 260 Madison Ave., NY, NY 10016. (SSNY) on 8/20/08. Office location: NY N.Y. Office location: New York County. Notice of Qualification of Focus Products Purpose: Any lawful activity. County. SSNY designated as agent of LLC LLC formed in Maryland on September Group, LLC. Authority filed with Secy. of Notice of Qualification of New Mountain upon whom process against it may be served. 15, 2008 SSNY has been designated as State of NY (SSNY) on 9/18/08. Office Vantage (California) II, L.P. Authority filed Notice of Qualification of 125 URBAN JV SSNY shall mail process to: Christopher agent of LLC upon process against it may location: NY County. LLC formed in with NY Dept. of State on 9/15/08. Office PARTNERS LLC. Authority filed with Secy. Sewall, 5619 Oak Place, Bethesda, MD be served. The P.O. address to which the Illinois (IL) on 7/26/01. SSNY designated location: NY County. LP formed in DE on of State of N.Y. (SSNY) on 2/19/08. Office 20817. Purpose: any lawful activity. SSNY shall mail a copy of any process as agent of LLC upon whom process 8/26/08. NY Sec. of State designated as location: NY County. LLC formed in against the LLC served upon him/her is against it may be served. SSNY shall mail agent of LP upon whom process against it Delaware (DE) on 11/30/06. SSNY desig- C/O the LLC CT Corporation System, 111 process to: c/o National Registered may be served and shall mail process to nated as agent of LLC upon whom process Eighth Avenue, New York, New York Agents, Inc., 875 Avenue of the Americas, the principal business addr. of the LP: 787 against it may be served. SSNY shall mail Advertise on 10011. The principal business address of Ste. 501, NY, NY 10001. Principal office: Seventh Ave., 49th Fl., NY, NY 10019. DE process to: c/o Thor Equities, LLC, 25 W. the LLC is: 6135 Hillside Court, Suite D, 35 Peppermint Rd., NY 11725. Address to addr. of LP: c/o The Corporation Trust Co., 39th St., NY, NY 10018. DE address of www.crainsnewyork.com Columbia, Maryland 21046. Dissolution be maintained in IL: 120 Lakeview 1209 Orange St., Wilmington, DE 19801. LLC: c/o National Registered Agents, Inc., date: N/A Purpose of LLC to operate an Parkway, Vernon Hills, IL 60061. Arts. of Name/addr. of genl. ptr. available from NY 160 Greentree Drive, Ste. 101, Dover, DE Call John Gallagher insurance agency with respect to property Org. filed with IL Secy. Of State, 501 S. Sec. of State. Cert. of LP filed with DE Sec. 19904. Arts. of Org. filed with DE Secy. of and casualty insurance products. Second St., Rm. 351, Springfield, IL of State, Federal & Duke of York Sts., Dover, State, 401 Federal St., Ste. 4, Dover, DE 1104536 w.o. 62756. Purpose: any lawful activities. DE 19901. Purpose: any lawful activity. 19901. Purpose: any lawful activity. @ 212-210-0189

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34 | Crain’s New York Business | November 10, 2008 nb45p34-35cls.qxp 11/6/08 3:52 PM Page 35

PUBLIC & LEGAL NOTICES

NOTICE OF FORMATION of Gravity Seven, Notice of Qualification of Paramount Labor NOTICE OF FORMATION OF INTROPATH Notice of Qualification of Visium Equity Notice of Qualification of CPS 1 Realty Debt LLC. Article of Organization filed with Leasing Eastern, L.L.C. Authority filed with LLC. Article of Organization filed with the Global Fund, LP, App. for Auth. filed Sec’y LLC, App. for Auth. filed Sec’y of State the Secretary of State of NY (SSNY) on Secy. of State of NY (SSNY) on 9/25/08. Secretary of State of NY (SSNY) on of State (SSNY) 9/8/08. Office location: NY (SSNY) 9/19/08. Office location: NY County. 05/29/08. Office location: NY County. Office location: NY County. LLC formed in 07/11/2008. Office location NEW YORK County. LP org. in DE 9/3/08. SSNY desig- LLC org. in DE 9/15/08. SSNY designated SSNY has been designated as agent Ohio (OH) on 8/4/08. SSNY designated as County. SSNY has been designated as nated as agent of LP upon whom process as agent of LLC upon whom process upon whom process against it may be agent of LLC upon whom process against agent upon whom process against it may against it may be served. SSNY shall mail against it may be served. SSNY shall mail served. The Post Office address to which it may be served. SSNY shall mail process be served. The Post Office address to copy of process to Attn: Dr. Jacob Gottlieb, copy of process to c/o Nat. Reg. Agents, the SSNY shall mail a copy of any to: c/o CT Corporation System, 111 8th which the SSNY shall mail a copy of any 950 Third Ave., 30th Fl., NY, NY 10022. DE 875 Ave of the Americas, NY, NY 10001, process against the LLC served upon Ave., NY, NY 10011, registered agent upon process against the LLC served upon office addr.: c/o CSC, 2711 Centerville Rd., the Reg. Agt. upon whom proc. may be him is C/O the LLC 149 E 23rd St.. N.Y., whom process may be served. OH him/her is C/O the LLC 244 fifth Ave, Wilmington, DE 19808. Cert. of LP on file: served. DE office addr.: 160 Greentree Dr., N.Y., 10010. Purpose of LLC: to engage address/principal bus. loc. of LLC: 600 Suite# D207. New York, NY 10001. SSDE, Townsend Bldg., Dover, DE 19901. Ste. 101, Dover, DE 19904. Cert. of Form. in any lawful act or activity. Street Gillam Rd., Wilmington, OH 45177. Cert. Purpose of LLC: to engage in a any lawful Name/addr. of each gen. ptr. avail. at SSNY. on file: SSDE, Townsend Bldg., Dover, DE address of Principal Business location is: of Org. filed with OH Secy. of State, 30 act or activity. Street address of Principal Purpose: any lawful activities. 19901. Purpose: any lawful activities. 35 E. 21st Street, New York, NY 10010. East Broad St., 14th Fl., Columbus, OH Business location is:244 Fifth Ave. Suite# 43266. Purpose: all lawful purposes. D207. New York, NY 10001 Notice of Qualification of Core Fixed NOTICE OF FORMATION OF LIMITED LIA- Notice of Formation of Tisserie 420 WB, Income Fund LLC. Authority filed with NY BILITY COMPANY. NAME: SERGIO MAN- LLC. Arts. of Org. filed with Secy. of State SUN GARDEN RESEARCH & DEVELOP- TREND POT NY, LLC, a domestic Limited Dept. of State on 10/22/08. Office loca- NINO LLC. Articles of Organization were of NY (SSNY) on 8/14/08. Office location: MENT LLC, a domestic Limited Liability Liability Company (LLC) filed with the Sec tion: NY County. Principal business addr.: filed with the Secretary of State of New NY Co. SSNY designated as agent of LLC Company (LLC) filed with the Sec of State of State of NY on 6-12-08. NY Office loca- 225 Liberty St., 7th Fl., NY, NY 10281. York (SSNY) on 01/09/08. Office location: upon whom process against it may be of NY on 9-10-08. NY Office location: New tion: New York County. SSNY is designated LLC formed in DE on 9/12/07. NY Sec. of New York County. SSNY has been desig- served. SSNY shall mail process to: c/o York County. SSNY is designated as as agent upon whom process against the State designated as agent of LLC upon nated as agent of the LLC upon whom St. Honore, LLC, 857 Broadway, NY, NY agent upon whom process against the LLC may be served. SSNY shall mail a whom process against it may be served process against it may be served. SSNY 10003, also registered agent. Purpose: LLC may be served. SSNY shall mail a copy of any process against the LLC served and shall mail process to: CT Corporation shall mail a copy of process to the LLC, any lawful activities. copy of any process against the LLC upon him/her to The LLC, 30 W. 26th St., System, 111 8th Ave., NY, NY 10011, c/o Filippo Cinotti, 50 Broad Street, Suite served upon him/her to The LLC, 594 10th Fl., NY, NY 10010. General Purposes. regd. agt. upon whom process may be 1911, New York, New York 10004. Broadway, Ste. 1002A, NY, NY 10012. served. DE addr. of LLC: c/o The Purpose: For any lawful purpose. Notice of Formation of ARTICLE ONE General Purposes. Notice of formation of SIMPLY SPOTLESS, Corporation Trust Co., 1209 Orange St., PARTNERS, LLC. Arts. of Org. filed with LLC. Arts. of Org. filed with the Secy of Wilmington, DE 19801. Arts. of Org. filed Notice of Formation of MPFC LLC. Arts. of Secy. of State of NY (SSNY) on 10/14/08. State of NY (SSNY)on 6/18/08. Office with DE Sec. of State, PO Box 898, Dover, Org. filed with Secy. of State of NY (SSNY) Office location: New York County. SSNY Notice of Formation of Dawson Sachs location: Bronx County. SSNY designat- DE 19903. Purpose: any lawful activity. on 09/17/08. Office location: New York designated as agent of LLC upon whom Development LLC. Arts. of Org. filed with ed as agent upon whom process County. Principal office of LLC: c/o Milstein process against it may be served. SSNY Secy. of State of N.Y. (SSNY) on 6/19/08. against it may be served. SSNY shall Brothers, 6 East 43rd St., NY, NY 10017. shall mail process to Golenbock Eiseman Office location: NY County. SSNY desig- Notice of Qualification of Goldman Sachs mail process to: c/o Sunita Jadusingh, SSNY designated as agent of LLC upon Assor Bell & Peskoe, LLP, Attn: Richard S. nated as agent of LLC upon whom Mount Kellett Capital Partners Employee 801 Tilden Street, #3J, Bronx, NY whom process against it may be served. Kaplan, Esq., 437 Madison Ave., 40th Fl., process against it may be served. SSNY Funds GP, L.L.C. Authority filed with Secy. 10467. Purpose: all lawful activities. SSNY shall mail process to c/o Corporation NY, NY 10022. Purpose: Any lawful activity. shall mail process to: The LLC, 111 Great of State of NY (SSNY) on 8/25/08. Office Neck Road, Great Neck, NY 11021. location: NY County. LLC formed in Service Co., 80 State St., Albany, NY Purpose: any lawful activity. NOTICE OF FORMATION OF DANZ EMER- Delaware (DE) on 8/6/08. SSNY designat- 12207-2543. Purpose: Any lawful activity. DWIGHT LANE CAPITAL LLC, a domestic GENCEE. DanzEmergencee. Arts of Org ed as agent of LLC upon whom process Limited Liability Company (LLC) filed with filed with the SSNY on 4/21/2008. SSNY against it may be served. SSNY shall mail BRANDON INTERNATIONAL ADVISORS the Sec of State of NY on 7-21-08. NY designated as an agent of LLC upon process to: 85 Broad St., NY, NY 10004. LLC, a domestic Limited Liability Company Office location: New York County. SSNY whom process against the LLC may be DE address of LLC: 2711 Centerville (LLC) filed with the Sec of State of NY on is designated as agent upon whom served. SSNY shall mail a copy of process Road, Ste. 400, Wilmington, DE 19808. Coming Up 6-22-07. NY Office location: New York process against the LLC may be served. to PO Box 45. New York, NY 10101. Cert. of Form. filed with DE Secy. of County. SSNY is designated as agent SSNY shall mail a copy of any process Purpose: any lawful purpose State,, P.O. Box 898, Dover, DE 19903. on the Calendar upon whom process against the LLC may against the LLC served upon him/her to Purpose: any lawful activity. The LLC, C/O Blue Shirts Realty, LLC, 183 be served. SSNY shall mail a copy of any November 17th Madison Ave., Ste. 505, NY, NY 10016. process against the LLC served upon Notice of Qualification of 1556-1560 General purposes. him/her to The LLC, 227 E. 66th St., Apt. Flatbush Ave. LLC, App. for Auth. filed Notice of Qualification of VA Associates, Best Companies to 2C, NY, NY 10021. General purposes. Sec’y of State (SSNY) 8/25/08. Office loca- LLC. Auth. filed with NY Dept. of State: Work For tion: NY County. LLC org. in DE 3/13/97. 8/22/08. Office loc.: NY County. LLC Notice of Qualification of New Dimension SSNY designated as agent of LLC upon formed in NV: 6/2/04. NY Sec. of State Human Capital Solutions, L.L.C. Authority Notice of formation of a Limited Liability whom process against it may be served. designated agent of LLC upon whom November 24th filed with Secy. of State of NY (SSNY) on Company: IMMO JCG LLC, Articles of SSNY shall mail copy of process to 1556 process against it may be served and Small Business Guide 9/25/08. Office location: NY County. LLC organization filed with the Secretary of Flatbush Ave., Brooklyn, NY 11210. DE shall mail process to: c/o CT Corporation formed in MI on 8/28/02. SSNY designated State of New York (SSNY) on 10/01/08. office addr.: 160 Greentree Dr., Ste. 101, System, 111 8th Ave., NY, NY 10011, regd. December 1st as agent of LLC upon whom process Office location: New York County. SSNY Dover, DE 19904. Cert. of Form. on file: agt. upon whom process may be served. against it may be served. SSNY shall mail has been designated as agent of the LLC SSDE, Townsend Bldg., Dover, DE 19901. Principal office addr.: 8775 Cloudleap Ct., Small Business Guide process to: c/o National Registered Agents, upon whom process against it may be Purpose: any lawful activities. Ste P54, Columbia, MD 21045. Arts. of Inc., 875 Ave. of the Americas, Ste. 501, NY, served. SSNY shall mail a copy of process Org. filed Sec. of State, Carson City, NV December 8th NY 10001. MI address of LLC: 625 E Big to: 60 Broad str - ste 3502, New York, NY 89701. Purpose: any lawful act. Beaver, Ste. 200, Troy, MI 48083. Arts. of 10004. Purpose: Real Estate. Notice of Formation of E-Brokerage LLC. Small Business Guide Org. filed with MI Secy. of State, Corp. Div., Arts of Org. filed with Secy. Of State of NY 7150 Harris Dr., PO Box 30054, Lansing, MI (SSNY) on 11/30/01 Office Location: New NOTICE OF FORMATION OF LIMITED December 15th FSC BARBERSHOP LLC, a domestic LIABILITY COMPANY. NAME: PAPALOO 48909. Purpose: any lawful activity. Limited Liability Company (LLC) filed with York County. SSNY designated as agent of Corporate Philanthropy LLC upon whom process against it may WEST LLC. Articles of Organization were the Sec of State of NY on 12-10-07. NY filed with the Secretary of State of New Notice of Formation of Sale Proceeds Office location: New York County. SSNY be served. SSNY shall mail process to principal business location: 29 Broadway, York (SSNY) on 05/01/07. The name was LLC, Art. of Org. filed Sec’y of State is designated as agent upon whom amended to EMPIRE SOBRO PARTNERS (SSNY) 8/12/08. Office location: NY process against the LLC may be served. Suite 1510, NY, NY 10006. Purpose: Any Call John Gallagher lawful business activity. LLC on 08/13/08. Office location: New County. SSNY designated as agent of SSNY shall mail a copy of any process York County. SSNY has been designated @ 212-210-0189 LLC upon whom process against it may against the LLC served upon him/her to as agent of the LLC upon whom process be served. SSNY shall mail copy of Coopersmith & Coopersmith, Attn: Richard Notice of Formation of Global Care LLC. against it may be served. SSNY shall mail to place your classified process to c/o Nat. Reg. Agents, 875 D. Coopersmith, Esq., 233 Broadway, Arts of Org filed with the Sec of State of NY a copy of process to the LLC, 162 Ridge Ave of the Americas, NY, NY 10001, the 18th Fl., NY, NY 10279. General purposes. (SSNY) on 08/06/08. Office Location: NY Drive East, Great Neck Estates, New York. advertisement today Reg. Agt. upon whom proc. may be County. SSNY designated as agent of upon Purpose: For any lawful purpose. served. Purpose: any lawful activities. Notice of Formation of NEMO16, LLC. whom process against LLC may be served. Arts. of Org. filed with Secy. of State of SSNY shall mail process to: Joseph F. Lisa, 230 Park Avenue, NY, NY 10169-0005. Name of For. LP: TOWERBROOK NY (SSNY) on 02/02/06. Office location: Purpose: Any lawful purpose. INVESTORS III (PARALLEL), L.P. Appl. for New York County. Principal office of LLC: Auth. filed with Sec. of State of NY: 39 W. 38th St., #6W, NY, NY 10018. The 9/11/08. Jurisd. and date of org.: Alberta latest date on which the LLC may dissolve Notice of Qualification of DRAGON BUS, 3/17/08. Principal bus loc.: 430 Park is 12/31/2026. SSNY designated as agent LLC. Authority filed with Secy. of State of Avenue, 6th Floor, New York, NY 10022. of LLC upon whom process against it may NY (SSNY) on 10/22/08. Office location: NY State office loc.: New York Cty. Sec. of be served. SSNY shall mail process to New York County. LLC formed in State designated as agent upon whom The LLC at the principal office of the LLC. Delaware (DE) on 10/03/08. Principal process against it may be served. Sec. of Purpose: Any lawful activity. office of LLC: 160 S. Rt. 17 N, Paramus, State shall mail copy of process to: 430 NJ 07652. SSNY designated as agent of Park Avenue, 6th Floor, New York, NY Notice of Formation of MADE-BY-HAND, LLC upon whom process against it may 10022. Addr. of LP in NY is TowerBrook LLC. Arts. of Org. filed with Secy. of State be served. SSNY shall mail process to c/o Investors GP III (Parallel), L.P., 430 Park of NY (SSNY) on 09/23/08. Office loca- Corporation Service Co., 80 State St., Avenue, 6th Floor, New York, NY 10022. tion: New York County. Principal office of Albany, NY 12207-2543. DE address of Name/addr. of GP avail. from Sec. of LLC: 227 W. 11th St., #52, NY, NY 10014. LLC: 2711 Centerville Rd., Ste. 400, State. Authorized office in Alberta where SSNY designated as agent of LLC upon Wilmington, DE 19808. Arts. of Org. filed Cert. of LP is filed is Alberta Registrar of whom process against it may be served. with DE Secy. of State, Div. of Corporations, P.O. Box 1007, Station SSNY shall mail process to the LLC at the Corporations, John G. Townsend Bldg., Main, Edmonton, Alberta, Canada T5J address of its principal office. Purpose: 401 Federal St., Ste. 4, Dover, DE 19901. 4W6. Purpose: any lawful activity. Any lawful activity. Purpose: Any lawful activity.

November 10, 2008 | Crain’s New York Business | 35 CNYB 11-10-08 A 36 11/6/2008 7:45 PM Page 1

NEIGHBORHOOD JOURNAL

the goal is to “maximize playing Progress on site near Atlantic Yards space” and “improve sight lines” in Van Cortlandt, the city’s fourth- largest park. project because of munity survey conducted by the Funding comes from a deal Telecom Building its size—actually RIGHT-SIZED: The councilwoman. struck among city officials in 2003: pushed GFI to in- developer will add a Residents face quite a wait, how- In exchange for 28 acres of Van revamp moves ahead residential crease the residen- component to the ever.The residential project must go Cortlandt Park to build the Croton in Brooklyn; no such tial tower to 10 sto- Telecom Building through the land use review process, Filtration Plant, the Department of ries from seven. project. meaning it will be at least a year be- Environmental Protection and the luck for big neighbor The surround- fore ground is broken. Municipal Water Finance Authori- ing community will In the meantime, GFI will be ty pledged about $245 million to ruce ratner, eat your benefit from the 52 leasing office space in the Telecom create or renovate 75 parks in the heart out. extra units of af- Building at $30 a square foot. Bronx. While his vast At- fordable housing “We have big blocks of space,and So far, 25 projects have been lantic Yards hangs in that will result, she it’s relatively well-priced compared completed to the tune of nearly $50 limbo, awaiting resolu- says. GFI’s original with what’s out there,” Mr. Zobler million,but another 50 are in various Btion of court cases and his ability to blueprint called for says. stages of planning and development. come up with mountains of financ- 48 such units. —matthew sollars Their fate is uncertain as Mayor ing, a rival developer is moving Ms. James in- Michael Bloomberg’s across-the- swiftly to renovate the Telecom sists that even the board cuts in July have begun to Building just across the street. The larger structure is Van Cortlandt Park be felt. building, updated in the late 1990s preferable to the more playful Bronx Borough President Adol- as a technology center, has been soaring towers en- fo Carrión recently announced that empty since the dot-com bubble visioned for At- just weeks after budget cuts certain local projects,including sev- burst in 2000. lantic Yards by Mr. killed plans for a park near Hunts eral parks, were losing funding. Owner GFI Development is re- Ratner’s firm, For- Point in the Bronx, the Department “As per a directive from the Of- fitting the space to create 500,000 est City Ratner. of Parks and Recreation recently fice of Management and Budget,we square feet of office and 100,000 “If they wanted broke ground on a planned $40 mil- are being forced to re-evaluate and square feet of retail space.Addition- to put 10-story lion renovation of Van Cortlandt in some instances postpone proj- ally, it plans to build a 10-story buildings on At- Park. ects,” Mr. Carrión says. apartment building with ground- lantic Yards, I would jump up and with what’s best for the neighbor- The project is intended to con- Other initiatives that have been floor retail space on the adjacent down and hug Forest City Ratner,” hood.” vert a welter of patches sprawled left hanging include much-needed parking lot. she says. Ms.James is also pressing GFI to over 65 acres into 30 or so carefully work on the Van Cortlandt golf Ironically, Councilwoman Leti- GFI Chief Executive Andrew put a bowling alley and a bookstore arranged fields for soccer, cricket, course, as well as a renovation of the tia James—who has been a vocal Zobler says,“This is a good example into the ground-floor retail. Those baseball and Gaelic football. park’s headquarters. opponent of the Atlantic Yards of a local council member going two items topped the list of a com- According to the department, —hilary potkewitz

36 | Crain’s New York Business | November 10, 2008 CNYB 11-10-08 A 37 11/6/2008 6:46 PM Page 1

BUSINESS HOME FRONT Owners try renting as they wait to sell their co-ops PAGE 39 buck ennis

GOTHAM GIGS Lights, camera … RICKY KIRSHNER, 48, the executive producer of RK Productions/Kirshner Events, LOSING BATTLE: “At recently dug up a third-grade least half the people in my office have paper in which he wrote his another job or are dream job: TV producer. “I getting one,” says guess I always knew what I Ginger Hanson. wanted to do,” he says. FREE SPIRIT Equipped with an accounting degree, the New Jersey native began producing live events for Radio City Music Hall in 1986.Today, Mr. Kirshner oversees a staff of about five full-timers and 20 to 70 freelancers per event. BIG WINNER His recent work on the Tony Awards earned him three Emmys, but he’s just as jazzed about his work on the Democratic National Convention. “Obama was speaking on our stage with our lights,” he says. … ACTION Coming up are the Macy’s Thanksgiving Day 99 toto 5,5, Parade and the 2009 Super Bowl—and he’s not slowing down anytime soon. “I don’t smoke; I don’t do drugs; I have one beer a month,” Mr. Kirshner says. “What I do is andand my adrenaline rush.” —sarah studley EXPERT OPINIONS beyondbeyond JOB HUNTING IN A DOWN ECONOMY stop reading the Squeezed workers newspapers! You have to stay optimistic when looking for a take on second jobs job in a rough economy. Most job hunters are discouraged levinekarjean and aren’t looking effectively. Join clubs and organizations BY MATTHEW FLAMM As the economy contracts and the outlook darkens, many to start networking. Make a New Yorkers are adding to already-heavy workloads by taking list of the industries and aking ends meet has always on an additional job. Some are finding they can no longer organizations in which you are interested. Keep in mind that been a struggle for Ginger stretch modest paychecks or are encountering unexpected jobs are not always posted, but Hanson, an administrative expenses. And some simply want a Plan B in case they firms are still looking. assistant at a New York book suddenly find themselves out of work. Contacting firms directly will publisher earning $30,000 a year. They all have reason to worry. New York will shed 165,000 reduce your competition and With living costs surging in recent jobs over the next two years, according to a recent forecast make your search more successful. months, it has become a losing from the city comptroller’s office. Layoffs are already under —kate wendleton struggle. way in financial services, advertising and media. President Since September, the 25-year- The signs that Ms. Hanson would need a supplemental gig Five O’Clock Club old aspiring editor has been working an additional 20 hours a were hard to miss. She couldn’t afford even the basics. Mweek at a Macy’s cosmetics counter, which pays almost as “$30,000 isn’t enough to cover expenses,” she says. “My credit much as her regular job. card debt is out of control.” “At least half the people in my office have another job or are Some have also been pressured by the cascading effects of getting one,” Ms. Hanson says. the housing crisis. See WORKING on Page 38 istockphoto

November 10, 2008 | Crain’s New York Business | 37 CNYB 11-10-08 A 38 11/6/2008 6:48 PM Page 1

BUSINESS LIVES

Some economists expect more New Yorkers to take on second jobs Working far beyond 9 to 5 as the economy worsens—provided that jobs are available. Continued from Page 37 working Saturdays doing payroll ond job.“With the economy the way “If you can’t get a wage increase, A 33-year-old college adminis- and billing for a friend’s dispatch it is, I’d be afraid to quit,” she says. you’ll work more hours wherever trator who invested her life savings company. She also dipped into her Experts warn that a troubled you can find them,” says James Par- in a new three-family property in daughter’s college savings plan. economy takes an emotional toll, rott, deputy director of the Fiscal the Bronx felt the blow in May, particularly when people are work- Policy Institute. SUPERIOR OFFICE when the developer ran into finan- On the sly ing so much that they don’t have In fact,having more than one po- AVAILABILITIES cial problems and stopped work be- “i had nights I could not stop cry- time for family and friends. sition could be the only way for 212.594.2700 fore she could move in. ing,and my daughter would wake up New York psychologist Vivien many worried residents to achieve The single mother, who had and I’d tell her I had allergies,” says Wolks saw more substance abuse peace of mind. planned to rent out two floors start- the administrator, who would not and personal relationship problems Until recently, Rose Fox, 30, was ing in June to meet the mortgage, give her name because her employer when the last bubble burst in 2000. supplementing her part-time job as now had to cover the $4,700 month- does not allow moonlighting. “When you’re feeling awful, you an editor at Publishers Weekly with SLGREEN.COM ly payment on her own.To finish the Though one tenant moved in this go for a quick fix,” says Ms. Wolks, freelance medical writing assign- construction, she took a second job, month,the owner is keeping her sec- who urges people to get counseling. ments and steady software consult- ing. Ms. Fox began taking on more freelance jobs when the software firm let her go in October. “I feel more secure with multiple sources of income,” she says. “With just one job,it could vanish out from under me in a minute.” Not surprisingly, that’s a feeling some on Wall Street share. Just in case in february, a senior investment banker tried her hand at selling shampoo,vitamins and other prod- ucts for direct-to-consumer mar- keting firm Melaleuca. Other proj- ects intervened, and she let the venture slide. But she got serious about build- ing a side business after the finan- cial world imploded in September and now devotes 15 hours a week to making presentations. “I have a lot of colleagues who are out of work,” says the 42-year-old banker, who asked not to be named because her company frowns on ex- ecutives taking second jobs. “You © 2008 Consolidated Edison Company of New York, Inc. Ad: UniWorld Group, Inc. Photos: John Pinderhughes Inc. Ad: UniWorld © 2008 Consolidated Edison Company of New York, never know what could happen.”

[email protected] HONESTY NOT BEST POLICY HOLDING DOWN two gigs is stressful, and not just because of the added hours. Many people have to keep their second jobs a secret. Their employers might forbid moonlighting outright or at least frown on it. Some experts say it’s best to avoid the topic in any case. “It’s definitely one of these ‘Don’t ask, don’t tell’ Meredith McRoberts, President & CEO, McRoberts Protective Agency, Inc.; Alejandro Perez, Vice-President, El Toro Exterminator; [situations],” says Edward Winston Currie, President, Swift Contracting Rogoff, chairman of the department of management at Baruch College. “If the employer Con Edison Is ON IT– asks, he’s not going to get an honest answer, and if he does, it leads to an unpleasant And We’ve Got Company. conversation.” Candor can sometimes In fact, more than 300 companies in and around New York do business with Con Edison produce a better environment through our Supplier Diversity Program. Entrepreneurs like these who partner with Con Edison and greater productivity, however. become the economic engines that keep New York on the move. “It’s a motivational issue,” says Joel Neuman, associate You could be one of them. Con Edison. ON IT. professor of management at SUNY New Paltz School of Business. “If [an employer] is Visit www.conEd.com/supplierdiversity or call Joy Crichlow, Director, supportive and helpful, Con Edison Supplier Diversity Program at 212-460-3076. www.conEd.com employees are more likely to make an extra effort.”

38 | Crain’s New York Business | November 10, 2008 CNYB 11-10-08 A 39 11/6/2008 8:13 PM Page 1

BUSINESS LIVES

HOME GOING RENTAL ROUTE: Amy Young FRONT (right) and her broker, Rose Tallis, are seeking a tenant for her apartment on In weak market, East 69th Street. apartment sellers turn to renting

As sales activity slows buyers the upper hand, says Miller Samuel Chief Executive Jonathan and inventory rises, Miller, “renting provides an alter- native strategy to sellers who are owners cover costs not happy with the price they can by finding tenants achieve or the time anticipated to sell.” Brokers are encouraging their BY ALIX STRAUSS clients to be open-minded. Re- cently, Gina Tramontano, a Hal- n june, Amy Young put her stead Property broker, was trying to

East 69th Street one-bed- sell a 4,400-square-foot loft located roger hagadone room apartment on the mar- in the East 20s. At the $4.5 million ket with a price tag of asking price, the apartment wasn’t the 13 units—with custom cabi- $2,600 per month rather than sit for $3,300 per month. $799,000. A month later, she budging. nets, ample closet space, hardwood with vacant units. It’s proved to be She hopes the rental fee will Ilowered it to $775,000. With no After suggesting that the seller floors and spacious living quar- a good plan; all 10 units are rented. cover her monthly costs, but so far, takers, she dropped the price to consider renting, she was able to ters—would move quickly. “The whole credit market has she and her broker, Rose Tallis, $749,000, and then again to “Last year, we gave one of our frozen. Buyers aren’t able to get have had no luck finding a tenant. $695,000. After 50 people had properties, which also contained 13 loans. This gives us time for the Ms. Young blames the election for viewed her co-op without making a A broker rented units, to Manhattan Apartments market and economy to turn the lack of interest and hopes that single bid, Ms. Young pulled the Inc., and they were sold within a around,” Mr. Chen says. things will heat up now that the listing. She is planning to rent her a loft in the East week or two,” Mr. Chen says. “This country has passed the torch to apartment instead. year, they’ve only been able to sell Rents are dropping Barack Obama. “I knew the market was difficult, 20s for $16,000 three of the units in our new prop- of course, even renting can be “My fear is the economic mar- but it continued to worsen. I had to erty, so we decided to rent them tough in a down market. According ket will continue to deteriorate, but look at the possibility of renting as a month instead.” to The Real Estate Group, monthly I’m hopeful,” Ms. Young says. “At a way to monetize the value of my Originally asking $625,000 for rents for Manhattan one-bedroom the end of the day, things have a asset,” says Ms. Young, a former the two-bedroom apartments at apartments in doorman buildings way of working out.” stock broker who left Bear Stearns 540 W. 163rd St., the company dropped by 3.21% in October, just 16 months ago to create an Inter- decided to offer one-year rentals at as Ms. Young listed her apartment COMMENTS? [email protected] net startup business, Defining- find someone willing to pay Value Inc. $16,000 per month. The tenant Ms. Young is now living in her accepted a 12-month lease with a East Hampton, L.I., home and guarantee of six months, and three Many Solutions.One Relationship. hopes to rent her Manhattan months’ notice to vacate early. $ $ $ apartment soon to ease the pres- She also secured access to show 68,700,000 10,000,000 $17,500,000 4,500,000 sure on her bank account. the apartment throughout the Senior Secured Senior Senior Secured Senior Revolving Credit Facility Credit Facility Revolving Credit and With sale prices for co-ops and entire lease. It took three weeks of Credit Facility Term Loan Facility condos softening even in Manhat- negotiating, but everyone ended up Provided for Provided for Provided for Provided for tan, more city real estate owners are happy. looking into renting their proper- ties as a way to cover carrying costs Playing the numbers until the market rebounds. even building owners and those According to real estate who own a number of units in one $5,000,000 $10,250,000 $4,500,000 $20,500,000 appraisal firm Miller Samuel, sales location are turning to renting un- RevolvingCredit Senior Secured Senior Secured Senior Secured activity in Manhattan dropped by sold apartments. Facility Credit Facility Credit Facility Credit Facility 27% for the first three quarters of Peter Chen, a co-owner of Provided for Provided for Provided for Provided for this year, compared with the same Gleam Realty, was shocked that his CLEVELAND period last year. At the same time, luxury condominiums in Washing- DIE & MFG inventory jumped by 23%. ton Heights remained empty for With higher inventory giving almost four months. He thought

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November 10, 2008 | Crain’s New York Business | 39

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BUSINESS LIVES

EXECUTIVE MOVES

ACCOUNTING Nelson: Christopher Boccella, 38, joined as general counsel and secretary from Amper Politziner & Mattia: Greg principal. He had been managing vice president and associate general HOT JOBS Kubikowski, 46, joined as audit partner. director at Otto Design Group. counsel. He had been an audit partner at Familybuilder: David Rheins, 48, joined PricewaterhouseCoopers. EDUCATION as chief marketing officer. He was Eisner: John I. Forry, 63, joined as tax Pace University: Robert G.M. Keating, 67, formerly owner of DMR Consulting. WANTED: principal. He had been a partner at joined as vice president, strategic ThoughtWorks: Craig Gorsline, 38, was CHIEF INFORMATION OFFICER Ernst & Young. initiatives, effective Dec. 1. He had been promoted to managing director, United Ernst & Young: Stephen Payne, 46, joined dean of the New York State Judicial States, from head of global sales. as Americas leader, working capital Institute. ORGANIZATION New York City Office of Chief Medical Examiner advisory services. He was formerly LAW JOB DESCRIPTION Oversee the agency’s information technology president at REL, a division of The FINANCE AND INSURANCE Carter Ledyard & Milburn: Morris N. department and IT strategy Hackett Group. AlixPartners: Wolfgang Bauriedel, 43, Simkin, 67, joined as counsel. He had joined as director, IT transformation been a partner at Katten Muchin MOST IMPORTANT TASK Help lead the development of a new ADVERTISING AND COMMUNICATIONS services. He was formerly an associate Rosenman. information management system for laboratories Siegel+Gale: Lee Rafkin, 44, joined as partner at Oliver Wyman. Cole Schotz Meisel Forman & Leonard: global director of simplification. He was Evercore Partners: Les Fabuss, 56, joined Michael Weinstein, 39, joined as partner. CREDENTIALS NEEDED Successful experience with developing and formerly president of Rafkin & Co., as senior managing director. He was He previously was a partner at implementing IT systems, preferably in health care and public service which he founded. formerly vice chairman, global Robertson Freilich Bruno and Cohen. SALARY Maximum $130,000 The Rosen Group: Shawna Seldon, 32, was investment banking, at Lehman Gibson Dunn & Crutcher: Lawrence promoted to senior vice president from Brothers. Zweifach, 61, joined as partner. He was DOWNSIDE Dealing with city bureaucracy vice president. New York Life Insurance Co.: Gayle formerly a shareholder at Heller Yeomans, 59, was promoted to first vice Ehrman. UPSIDE Having a hands-on job at an expanding agency ARCHITECTURE AND DESIGN president, office of governmental affairs, Richard Cashman, 63, joined as of The OCME investigates deaths from violence, accident or suicide. It also Fletcher Thompson: Kevin Homier, 44, from vice president. counsel. He had been special counsel at provides support for family members and independent forensic analysis Zurich: joined as job captain. He was formerly Kevin Whitehead, 43, joined as Heller Ehrman. of crime-scene biological evidence. The agency has a budget of job captain and senior drafter at SBLM head of the excess casualty unit. He had Katten Muchin Rosenman: Kenneth E. Architects. been executive vice president, national Noble, 46, joined as partner. He was $75 million and a staff of 735. accounts, at AIG. formerly a partner at Mayer Brown. —AMANDA FUNG EXECUTIVE PROMOTIONS HEALTH CARE MEDIA AND ENTERTAINMENT Crain’s lists the promotion and hiring of New York Metropolitan Jewish Health System: Nickelodeon: Tanya Van Court, 36, was area senior executives on a space-available basis, Ronald M. Chaffin, 52, joined as promoted to senior vice president and with priority given to positions in New York City. managed care president. He was general manager of Noggin, The fastest way to get an announcement into formerly a senior consultant at Reden ParentsConnect and NickJr.com from was promoted to executive vice HelmsleySpear: Steven B. Cohen, 49, Crain’s is to submit details online by filling out the and Anders. senior vice president, preschool and president from senior vice joined as senior vice president and form at www.crainsnewyork.com/submit. The parents online. president. principal. He previously was director of Executive Moves column is also available online. HIGH TECH AND NEW MEDIA Silvio Petriello, 34, was promoted to development advisory services at Crain’s cannot confirm receipt of listings or say Ciena Corp.: David Rothenstein, 40, was REAL ESTATE executive vice president from senior Tishman Speyer. when they will appear. promoted to senior vice president, CB Richard Ellis Inc.: Brad Gerla, 50, vice president. —maia blume

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40 | Crain’s New York Business | November 10, 2008 CNYB 11-10-08 A 41 11/6/2008 5:21 PM Page 1

BUSINESS LIVES CORPORATE LADDER Ken Hall Repairing Brand Central Finance whiz promoted former investment banker Robert D’Loren resigned under a cloud of PERSONNEL FILE to guide NexCen’s filing issues with the Securities and Exchange Commission, and Mr. COMPANY NexCen Brands Inc. recovery from problems Hall was promoted to chief executive. TITLE Chief executive “We grew too fast in too short of with loans, rapid growth a time—kind of like a teenager go- AGE 50 ing through a growth spurt, and RÉSUMÉ CFO and treasurer, Nex- BY ADRIANNE PASQUARELLI suddenly his sleeve is up to his el- Cen; CFO and treasurer, Seevast bow,” says Mr. Hall. HOMETOWN Bedford, N.Y. hen ken hall joined NexCen Investors vanishing HOBBIES Sailboat racing Brands Inc. as indeed, the stock—which had at- chief financial of- tracted major hedge funds such as ficer and treasurer D.E.Shaw and Soros Fund Manage- stores and 500 stores outside of the inW March, he thought he would be ment—has plunged more than 90% United States,43 of which the com- part of a high-growth success story. in the past 12 months, to around 12 pany opened this year. In addition, In the previous 14 months, Nex- cents. Wary investors are steering Mr. Hall hopes to tie in with other Cen had acquired nine brands; they clear of the firm,which has yet to is- fast-food brands that he can sell at include fast food and retail franchis- sue its revised 2007 annual report,or NexCen’s five restaurant chains. es such as Marble Slab Creamery, officially release financial results Mr. Hall has the experience to

Pretzel Time and The Athlete’s Foot, from the first three quarters of 2008. right the firm, though the economy buck ennis as well as licenses for home goods As head of NexCen,Mr.Hall has will play a big role in his success or company Waverly and fashion house hastened to clean up the books. He failure. Before joining NexCen, he from being merely a brand and li- from the same period in 2007,before Bill Blass. Revenues for 2008 were renegotiated the terms of the Great spent three years expanding the censing company to a brand and op- the acquisitions of Shoebox New projected to exceed $100 million. American Cookies repayment with product divisions and revenues of eration, that’s where someone like York and Great American Cookies. But the brand-new CFO discov- NexCen’s lender, Bank of Tokyo Seevast Corp.,which operates Inter- Ken Hall is perhaps a better fit.” To accelerate the filing process, ered that NexCen couldn’t cover a Mitsubishi Capital Corp.,deferring net marketing services companies. Mr. Hall has hired an accounting balloon payment due on a loan that payment by several years. He also held positions with Merca- Financial finesse firm to serve in an advisory capacity. was taken to acquire the Great Amer- In an effort to alleviate debt, he tor Software and Wells Fargo. mr. hall’s success depends on the “We’re going to be in the penal- ican Cookies brand, for which the sold Waverly to Iconix Brand Group “Ken Hall has a reputation as a fi- speed with which he can clear up the ty box for a couple of quarters with company paid $93.7 million. Even Inc. last month for $26 million, and nancially savvy operator,” says financial filings. In September, the the shareholders,”he says.“We need worse, NexCen failed to disclose he is trying to sell Bill Blass. He will David N. Deutsch, president of an firm released preliminary second- to regain credibility.” this to investors.Mr.Hall soon real- focus on operating the company’s eponymous consulting firm special- quarter revenue figures: some $12 ized he had trouble on his hands. seven other franchised brands.Nex- izing in consumer-related industries. million from continuing operations COMMENTS? In August,company founder and Cen has about 1,400 domestic “When the company has moved of its franchises, versus $4.7 million [email protected]

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November 10, 2008 | Crain’s New York Business | 41 CN012530 11/5/08 7:26 PM Page 1 CNYB 11-10-08 A 43 11/6/2008 7:40 PM Page 1

BUSINESS LIVES TABLE TALK by Bob Lape French standard for new century In TriBeCa, Nieporent’s Corton excels with clean, precise, intense flavors; affordable dishes

orton, Drew Niepor- rich red Kuri squash velouté poured ent’s superb new restau- over a porcini ragu and dappled with rant named for Bur- truffle oil and crisped porcinis; or a gundy’s largest area of daily-changing dish called From the Grand Garden,a marvelous CCru wines, is really mélange of fresh all about great food baby vegetables and and service. It’s no fruit, some sautéed, surprise that the some cooked sous man whose Mon- vide, all wonderful. trachet sparked Counterpoint to

TriBeCa’s renais- lush foie gras are buck ennis sance 23 years ago blood orange seg- FLUENT IN FRENCH COOKING: Drew Nieporent (left) and Paul Liebrandt of Corton, named for Burgundy’s largest area of Grand Cru wines. creates with even ments and a hibis- greater style and fi- CORTON cus-beet gelée. Uni nesse for the 21st 239 West Broadway crème, radish and perb slow-cooked, French-raised, diced apple. Chocolate and hazel- can do the same for the awesome century. (between Walker and White Marcona almonds Label Rouge chicken paired with nut tastes abound in the gianduja wine possibilities. The reserve list is Mr. Nieporent’s streets) set off scallops. autumn fruit compote, artichoke palette with coconut sorbet and 740.Guests may study it at leisure on partner in this suave, (212) 219-2777 There are always barigoule and brown bread jus. Ra- yuzu paste. Mr. Truitt’s petits fours, the Web site and order any bottle 24 romantic venture www.cortonnyc.com extras at Nieporent/ zor clam chowder is part of the sa- often exotically flavored macaroons hours ahead of time.There are some blooming in a dras- #### Liebrandt meals. It vory show with wild striped bass; a and other candies, are a fun finale to extraordinary buys on high-end bot- tically reworked might be an oyster squab preparation includes smoked a four-star experience. tles, and very fair prices on them all. footprint of Mon- CUISINE Modern French glazed with hazel- bacon and chestnut cream. With Mr. Nieporent himself I don’t know about timing, but trachet is Chef Paul WINES 925 wines, 16 by nut oil and grape- Corton desserts by Robert Truitt waiting tables, the cosseting level is the Drew-and-Paul show repre- Liebrandt. An the glass fruit confit, and (Morimoto, Philadelphia) are not high. I love the fact that any mem- sents extraordinary quality and val- amazingly innova- sprinkled with overly sweet. They may start with ber of the waitstaff can parse every ue in modern dining. tive culinarian,Chef DRESS No code toasted buckwheat. quince sorbet covered in lime foam, dish. Liebrandt trained NOISE LEVEL Conversational Or smoked pasta shaved lime dust, shiso leaf and Sommelier Elizabeth Harcourt COMMENTS? [email protected] with top toques in PRICE RANGE Three-course with white truffles Paris, London and prix fixe, $76; tasting menu, from Burgundy, an New York before unassertive variety. $110 earning three stars Or butter laced with at Atlas and Gilt. WINE MARKUP 25%-180% seaweed. Corton is a chef ’s CREDIT CARDS All major Exciting entrées: dream, a 65-seat succulent, mild dining room with RESERVATIONS Scottish partridge five more at the bar. Recommended with red cabbage Owner Nieporent HOURS Dinner, Mon.-Thurs., and quince, and a chortles that this 5:30-10:30 p.m., Fri.-Sat., separate small pan of softly lit, comfort- 5:30-11 p.m. almost confit-like able space has no leg. Delicate turbot #### bad tables. Former = Outstanding has a spiced almond ###= Excellent David Rockwell ## crust, an accent of colleague Stephanie = Very good black garlic, and a #= Good Goto’s design is of side of tender little luxuriously de- gnocchi tossed with ployed chairs and banquettes. Ta- Serrano ham. bles are set in Bernardaud china and A memorable dish for two is a su- Christofle silver. White walls are embossed with vines and leaves, echoed in five displays of colorful fall foliage around the room. Chef Liebrandt and his brigade of 10 work contemporary magic in a kitchen he designed. It is flame-free with immersion baths for slow- cooked sous vide dishes, some fin- ished on a plancha before serving. Flavors are clean, precise and in- tense. They are also affordable. Cook- ing at this accomplished level costs much more at any of the very few other restaurants in town capable of such soaring sustenance. Mr. Liebrandt’s is a painterly ap- proach, and each dish has as much visual sparkle as surprise and flavor harmony. He has never been better, and that’s saying a lot. First-course options might be a

November 10, 2008 | Crain’s New York Business | 43 CN012514 10/31/08 4:40 PM Page 1

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