The mayor's office credits these businesses with providing entry-level jobs for immigrants and entrants to the workforce from the city's inner city and creating money that stays in the community and is spent at city retail centers. The notoriously low vacancy rates, high lease rates and property taxes and very little available land here make it difficult for these small industrial manufacturers to stay.
The Back Streets program will identify these businesses that are having difficulties and give them help to relocate within the city and low cost financing to help them modernize and expand. The program will also leverage job training and referral programs and coordinate city services to help these businesses. The program is still in the development stage but is expected to start within a month.
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to asset-and-logo-licensing@alm.com. For more inforrmation visit Asset & Logo Licensing.
