FOR BREAKING NEWS VISIT www.qns.com THE COURIER SUN • DECEMBER 15, 2016 11 Ozone Park slated to get a new industrial center BY ROBERT POZARYCKI [email protected] @robbpoz If they build it, new businesses will come. That’s the hope the city’s Economic Development Corporation (EDC) has for a new, modern, industrial center to be constructed in the heart of Ozone Park, as announced last week. The EDC awarded a $10 million grant through its Industrial Developer Fund to the Greenpoint Manufacturing and Design Center (GMDC) to develop a 90,000-squarefoot facility to hold up to 24 small businesses employing as many as 80 people. “Now more than ever, we must ensure that our economy is diverse, equitable and provides opportunity for all New Yorkers,” EDC President Maria Torres-Springer said last Thursday, Dec. 8. “Supporting the industrial sector is critical to that effort.” The GMDC already operates seven such industrial incubators across the city out of renovated warehouses and factories. It provides production space for small and medium sized manufacturers such as woodworkers, set builders, metal workers and home goods manufacturers. Where exactly the industrial center will be constructed in Ozone Park has yet to be announced. The new facility, when built, will be partially solar-powered, equipped with new electrical infrastructure and elevators; and be LEED-certified, meeting environmentally friendly building standards. Once operational, the GMDC facility will provide 80 workers a living wage averaging at about $51,500 a year. Minority- and women-owned businesses (MWBE) also stand to benefit from the project, as they will receive contracts totaling 20 percent of total construction costs and 5 percent of soft costs. Local elected officials praised the city and the GMDC for setting up shop in Ozone Park and giving Queens’ economy a lift. “GMDC is a great model for how to better assist smaller manufacturing companies and keep those jobs in New York,” Queens Borough President Melinda Katz said. “GMDC’s first-class industrial work space in Ozone Park will create dozens of living wage jobs right here in Queens.” State Senator James Sanders and Congressman Gregory Meeks also welcomed MWBE businesses and local workers. “Queens’ economy will certainly benefit, as will those who have vocational training and are seeking employment locally,” Meeks said. “I look forward to the successful opening of this space and the businesses within, and to continuing develop New York City’s economy.” Celebrate With Us! Complete Checking Plus 1.00% 0.51% APY1 For the first 90 days On balances of $5,000 or more the benefits of the project on work with the EDC to further Join the Grand Opening celebration of our new Flushing Bank location at 61-14 Springfield Boulevard. As part of the celebration, you will earn a special interest rate of 1.00%1 for the first 90 days when you open a new Complete Checking Plus account at any of our 1 a new Complete Checking Plus account at any of our branches.1 Plus when you open a new Flushing Bank Complete Checking Plus account you can get up to $200.2 Hurry, this is a limited time offer. Call or stop by a branch today! For more information visit your local Flushing Bank branch, go to www.FlushingBank.com, or call 800.581.2889. Small enough to know you. Large enough to help you. 1. New Complete Checking Plus account with new money only. Existing checking account customers are not eligible. An existing checking customer is defined as anyone who currently has or has had a Flushing Bank checking account within the last 24 months. This offer is limited to one Complete Checking Plus account per household. The APY is effective October 17, 2016. The APY for Complete Checking Plus is 0.15% for daily account balances between $0 to $4,999. The blended annual percentage yield (APY) for Complete Checking Plus is 0.51% for daily account balances between $5,000 to $49,999 and 0.59% for daily account balances of $50,000 or greater. The guaranteed rate of 1.00% will remain in effect for 90 days after account opening. At the end of this 90 day period the annual percentage yield will revert to 0.35% for daily account balances between $5,000 to $49,999 and 0.45% for daily account balances of $50,000 or greater. Rates may change at any time without notice. You must maintain a daily balance of $5,000 for the statement cycle to receive the disclosed yield. If your daily account balance is less than $5,000 the interest rate paid on the entire balance in your account will be 0.15% APY. You must deposit a minimum of $100 to open the Complete Checking Plus account. A minimum balance of $5,000 is required to avoid a monthly maintenance fee. Fees may reduce the earnings on the account. The rate and offer are subject to change and early termination without prior notice at any time. 2. New Complete Checking or Complete Checking Plus account with new money only. Existing checking account customers are not eligible. An existing checking customer is defined as anyone who currently has or has had a Flushing Bank checking account within the last 24 months. This offer is limited to one Complete Checking or Complete Checking Plus account per household. Minimum deposit required to open a new Complete Checking account is $25 and a new Complete Checking Plus account is $100. No minimum balance required to be eligible for the Bonus. Direct Deposit – You will receive $100 for signing up for and receiving a recurring direct deposit of $250 or more. Tax refund checks do not qualify as direct deposit. Direct Deposits must be completed prior to 90 days after the account is opened. Debit Card Purchases – You will receive $50 for the completion of 5 debit card purchases. Each debit card purchase must be $25 or more. Online Banking Bill-payments – You will receive $50 for completing 5 online banking bill-payments via Flushing Bank’s Online Banking portal. Each online bill-pay must be $25 or more. Debit Card Purchases and Online Bill-payments must be completed prior to 60 days after the account is opened. THE MAXIMUM AMOUNT ANY CUSTOMER CAN RECEIVE IS $200. The compensation will be credited to the checking account on or about the end of the month following the completion of the above qualifying transactions within the required time after account opening. A 1099 will be issued in the amount credited to your account. Other fees and restrictions may apply. All offers are subject to change and termination without prior notice at any time. Flushing Bank is a registered trademark
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