The city, in cooperation with New York State, created the Small Business Recovery Center in roughly 130,000 sf at the 240,000-sf Ridge Hill office complex near the New York State Thruway.

Yonkers Deputy Mayor Philip Amicone announced the formation of the facility at a press conference Monday morning at the Ridge Hill building. Amicone was filling in for Yonkers Mayor John Spencer who was traveling to Washington D.C., to meet with HUD officials about a $35 million grant to revitalize a section of the city.

The Small Business Recovery Center will be housed at the former Lockheed Martin site, which is located on 84 acres located nearby the Austin Avenue retail development. The program is a partnership of the Empire State Development Corp., the Governor's Office for Small Cities, the New State Office of General Services, the city of Yonkers and the Yonkers Industrial Development Agency.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.