PUBLIC TESTIMONY
Testimony by Quincy Ely-Cate, Director of Industrial Business Development at Business Outreach Center Network
1:27:44
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158 sec
Quincy Ely-Cate, Director of Industrial Business Development at Business Outreach Center Network, testified about the importance of industrial and manufacturing businesses in providing opportunities for underserved communities and the services provided by Industrial Business Service Providers (IBSPs). He emphasized the need for additional funding to enhance their support for the industrial sector in New York City.
- BOC Network provides IBSP services in Central Queens, East Brooklyn, and The Bronx
- Industrial businesses offer higher wages, low barriers to entry, and career growth opportunities
- IBSPs help businesses navigate government, access capital and incentives, and support workforce development
- Additional funding could enable more in-depth services and growth of the industrial sector
Quincy Ely-Cate
1:27:44
So sorry about that.
1:27:46
I was In the middle of a loan committee for one of our IBSP clients trying to get them financing to work on an upcoming project.
1:27:55
So, good afternoon, council member Farias, and the economic development committee.
1:28:00
My name is Quincy Lee Kate, and I'm director of industrial business development at the Business Outreach Center, BACH Network.
1:28:06
We're a nonprofit economic development organization that proudly supports industrial and manufacturing businesses and jobs across Central Queens, East Brooklyn, and The Bronx.
1:28:17
Through a partnership with New York City in, business small business services, we provide IBSP services.
1:28:25
Industrial and manufacturing businesses have been a critical support for generations for the communities we serve.
1:28:31
Industrial businesses provide higher wages, low barriers to entry, and opportunities for career growth for people and communities who have historically faced limited prospects for employment.
1:28:43
In a door in or in order to support industrial businesses, we focus assistance in helping businesses navigate government, access capital, access incentives, recruit employees, and train employees.
1:28:58
In addition to providing quality jobs in local communities, the industrial sector is also one of the most critical avenues for entrepreneurship opportunities find for minorities, women, and immigrants in New York City.
1:29:12
Whether in construction, food manufacturing, transportation, wholesale, and distribution, the industrial sector is important to providing opportunities to entrepreneurs in underserved communities.
1:29:26
To support these entrepreneurs, we help businesses certify as MWBE, access low cost capital, start a business, purchase equipment, hire employees, and provide working capital for contract opportunities.
1:29:40
In addition to our direct IBSP services, we have leveraged funding to support additional programs, such as our BAC led Construct NYC program, our Bronx based Ascend program, our growing green program, and wind connection program.
1:29:56
However, with additional funding, we could be able to provide more in-depth services to the industrial businesses we serve and ultimately retain and grow industrial sector in New York City.
1:30:09
So I thank you for the time, in reviewing this.
1:30:13
Industrial businesses are critical to New York City, and your intention to supporting them is greatly appreciated.
1:30:21
So thank you very much.
