Bronx Overall Economic Development Corporation

Bronx Overall Economic Development Corporation is a non-profit organization that aims to promote economic growth and development in The Bronx, New York City. The organization works closely with New York City Economic Development Corporation, New York City Department of Small Business Services, and Empire State Development to support local businesses and stimulate economic activity. As a key player in the borough's economic development, the Bronx Overall Economic Development Corporation collaborates with institutions such as Fordham University, Bronx Community College, and Hostos Community College to provide resources and services to the community. The organization's efforts are also aligned with the goals of the New York City Mayor's Office for Economic Opportunity and the New York State Department of Economic Development.

● History

The Bronx Overall Economic Development Corporation was established in the 1980s, during a period of significant economic decline in The Bronx. The organization's founding was influenced by the efforts of local leaders, including Mario Biaggi, Robert Garcia (politician), and Herman Badillo, who worked to revitalize the borough's economy. The corporation's early initiatives were supported by organizations such as the Ford Foundation, Carnegie Corporation of New York, and New York Community Trust. Over the years, the Bronx Overall Economic Development Corporation has evolved to address the changing needs of the community, working with partners like Montefiore Medical Center, Bronx-Lebanon Hospital Center, and New York City Housing Authority to promote economic growth and development.

● Mission_and_Objectives

The mission of the Bronx Overall Economic Development Corporation is to foster economic growth and development in The Bronx by supporting local businesses, creating jobs, and improving the quality of life for residents. The organization's objectives are aligned with those of the New York City Department of City Planning, New York City Department of Housing Preservation and Development, and New York State Department of Labor. The corporation aims to achieve its goals by working with partners such as Bronx Chamber of Commerce, Bronx Overall Economic Development Corporation, and New York City Small Business Development Center to provide resources and services to the community. The organization also collaborates with institutions like Columbia University, New York University, and City University of New York to support research and development initiatives.

● Economic_Development_Initiatives

The Bronx Overall Economic Development Corporation implements a range of economic development initiatives to support local businesses and stimulate economic growth. These initiatives include providing access to capital through partnerships with organizations like New York Business Development Corporation, Empire State Development, and U.S. Small Business Administration. The corporation also offers technical assistance and training programs, working with institutions like Bronx Community College, Hostos Community College, and Lehman College to support workforce development. Additionally, the organization supports infrastructure development projects, such as the Hudson Yards and Bronx Waterfront initiatives, which are aimed at improving the borough's physical environment and enhancing its attractiveness to businesses and investors.

● Community_Impact

The Bronx Overall Economic Development Corporation's initiatives have a significant impact on the community, supporting the growth of local businesses and creating jobs for residents. The organization's efforts are also aimed at improving the quality of life for residents, working with partners like New York City Department of Parks and Recreation, New York City Department of Health and Mental Hygiene, and New York City Department of Education to support community development initiatives. The corporation's community impact is also evident in its support for cultural institutions like the Bronx Museum of the Arts, New York Botanical Garden, and Bronx Zoo. By working with organizations like United Way of New York City, Catholic Charities Archdiocese of New York, and Food Bank For New York City, the Bronx Overall Economic Development Corporation helps to address the social and economic needs of the community.

● Organizational_Structure

The Bronx Overall Economic Development Corporation is governed by a board of directors, which includes representatives from local businesses, institutions, and community organizations. The organization's staff is led by an executive director, who works closely with the board to develop and implement the corporation's strategic plan. The Bronx Overall Economic Development Corporation also has a range of committees, which focus on specific areas such as economic development, community development, and fundraising. The organization works with partners like KPMG, Deloitte, and Ernst & Young to support its operations and ensure its financial sustainability.

● Major_Projects_and_Achievements

The Bronx Overall Economic Development Corporation has been involved in a range of major projects and has achieved significant successes in its efforts to promote economic growth and development in The Bronx. One of the organization's notable projects is the Bronx Hub, a mixed-use development that includes retail, office, and residential space. The corporation has also supported the development of the Bronx Waterfront, working with partners like New York City Economic Development Corporation and Hudson River Waterfront Alliance to enhance the borough's physical environment and support economic growth. The organization's achievements have been recognized by institutions like National League of Cities, U.S. Conference of Mayors, and National Association of Counties, which have honored the Bronx Overall Economic Development Corporation for its innovative approaches to economic development. Category:New York City