SIEDC Takes Increasing Interest in West Shore Development

The Staten Island Economic Development Corporation (SIEDC) has been eyeing the West Shore for quite some time.

Since plans for the development of Staten Island’s North Shore are already rolling, neglected and undeveloped land parcels on the part of the island closest to New Jersey are of particular interest to developers. This is because much of this land is already zoned for manufacturing purposes, and the economy in Staten Island had a lot of boons in the past year.

To start, closings on real estate sales were up nearly thirty percent in the borough. Staten Island businesses can also boast an increase of nearly 2,500 jobs between June 2012 and June 2013.

The SIEDC plans to create a Business Improvement District (BID) in the Bloomfield area which will eventually house over 50 businesses. In addition, the organization received a Brownfield Opportunity Area grant totaling $360,000 to analyze the potential of neglected and/or polluted land.

The finalized plan is to be presented at the annual SIEDC conference on April 30th. The organization will also hold their Ultimate Networking Event on March 6 at the Vanderbuilt at South Beach.

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