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PRESS ADVISORY
Sharon Leid, NetStruc PR
[email protected]
347-527-6463
East Brooklyn Business Improvement District Announces
Second Annual Economic Development Summit
Brooklyn, NY, May 29, 2024
The East Brooklyn Business Improvement District (EBBID) is proud to announce its 2nd Annual Economic Development Summit themed "Refresh, Renew, and Reinvigorate," scheduled to take place on Thursday, June 13, 2024 at 10:00 am. This pivotal event aims to empower local businesses with the innovative tools and insights necessary to revitalize their operations and foster substantial economic growth.
The summit will be hosted at SoFive, a vibrant soccer facility located at 2015 Pitkin Ave, Brooklyn, NY 11207, and a proud merchant member of the EBBID. The event promises an enriching experience with workshops and keynote speeches focused on rejuvenating business models, renewing service offerings, and expanding market opportunities to ensure sustainable growth and resilience.
Over the past year, the EBBID has supported local businesses within the Industrial Park. Notably, the district meets once a month under the direction of Councilwoman Sandy Nurse to discuss "Hot Button Issues" with city agency representatives. Under this model, the EBBID has successfully assisted over 20 businesses with relevant issues effecting their operations. This critical support grew out of last year's summit, which was attended by over 100 participants and underscores the EBBID's commitment to the area's economic vitality.
Summit attendees can expect to gain valuable knowledge and resources to aid in transforming and strengthening their business practices. In addition to business-focused workshops, the summit will emphasize the importance of health and wellness, advocating for healthy lifestyle choices as a foundation for personal and professional success.
The EBBID offers various services designed to enhance the business environment and boost economic activity. These services include brush removal, contracting opportunities, customer service and quality control, employee assistance and training, financial assistance, and more.
To attend register the 2nd Annual Economic Development Summit - Click Here
For media inquiries, interviews or to attend contact Sharon Leid at [email protected]
To learn more about the services provided by the East Brooklyn Business Improvement District, please visit https://www.eastbrooklynbid.com/
About EBBID
The East Brooklyn Business Improvement District (EBBID), was incorporated in the State of New York in 1983 by property owners, business leaders and area residents working in collaboration with the City of New York. Originally conceived as an organization that would complement and expand the real estate assistance, security, and structural improvement services provided to businesses under the NYC Industrial Business Zone Program (IBZ), the EBBID’s mission is now more focused on providing core maintenance and supportive services. https://www.eastbrooklynbid.com/
Sharon Leid, MPA
CEO, NetStrucPR LLC
Publicity Strategist | PR Consultant | PR Speaker |Business Strategist | Adjunct Professor, Founder, Ladies Of 3rd Thursday Business Network
PR Consult click Here to schedule
NetStrucPR.com
347-527-6463
2024 REAL ESTATE EXPO
Financial Literacy Summit
June 22nd 2024 • 10am-3pm • Columbia University
Merchants Capital provides $348 million in Fannie Mae financing for rehabilitation of 87 Brooklyn NYCHA properties
February 15, 2024 - Front Section
Brooklyn, NY The New York office of financial services company Merchants Capital has provided a $348 million Mortgage-Backed Securities (MBS) loan from Fannie Mae to support the rehabilitation of New York City Housing Authority (NYCHA)’s Reid Apartments and Park Rock Consolidated (Reid Park Rock), a $635.6 million Permanent Affordability Commitment Together (PACT) project that will bring comprehensive renovations for nearly 3,500 residents living in 87
UPCOMING EVENTS
Power Forward: Black Business Conference Marketing Edition
Date & Time
Feb 29, 2024 10:00 AM EST
Join the two Brooklyn SBA Women's Business Centers for the annual Black Business Conference to learn how to position your Black-owned business for success! We'll have expert speakers and successful entrepreneurs to discuss their journey and the resources they used to grow their Black businesses!
UPCOMING EVENTS
Roundtable
Thursday, February 29th
9am-12pm
The New York Real Estate Chamber
The New York Real Estate Chamber (NYREC) is a chamber of commerce representing a coalition of real estate developers, community development corporations, general contractors, and property managers. Our members share a common goal—the expansion of minority business participation.
As part of our mission to foster business development amongst the membership, NYREC:
• Serves as a clearinghouse for government grants, finance programs, and news in housing and commercial development
• Provides direct access to executive-level policymakers of government agencies, as well as housing and commercial development advocates, such as legislative committee chairpersons
• Work with policymakers and government officials to change legislation impacting minorities within the real estate market
• Fosters meaningful partnerships between members
• Provides technical assistance for its members
• Facilitates introductions to key members of the real estate industry and related industries that can be of assistance to members
UPCOMING EVENTS
THE HOUSING PROBLEM: Season 3 Launching Today
The Housing Problem podcast is back for Season 3 starting TODAY with new episodes dropping every 2 weeks!
Available Today! Check out Episode 1 featuring Julian Castro, former U.S. Secretary of Housing and Urban Development.
Rafael E. Cestero, CEO of The Community Preservation Corporation, and Kirk Goodrich, President of Monadnock Development are back for another season of The Housing Problem.
The Housing Problem is available on your favorite streaming platforms, including Spotify, Amazon, and Apple.
You can also visit the official The Housing Problem website at
- The Housing Problem
UPCOMING EVENTS
Luxury Housing Surplus Cuts Rent for Rich While Rising for the Rest
The U.S. rental market is exhibiting a striking split: luxury rentals are seeing price drops, while the average renter faces escalating costs.
Luxury market downturn: In high-end real estate markets like Austin and Chicago, luxury apartments and upscale homes are experiencing significant price reductions. This is due to a glut in construction, leading to an oversupply.
For instance, high-end homes in Austin that once rented for $5,000 to $8,000 a month are now available at up to 20% off. The overall U.S. rent growth was just 0.3% in 2023, the slowest since 2010, indicating a broader trend of stagnation at the top end of the market.
Middle-market rent growth: Contrastingly, the middle and lower segments of the rental market have not seen such relief. Rent for these tiers increased by about 2% nationally in December compared to the previous year. This is a slowdown from the double-digit hikes during the pandemic, but still places rents roughly 20% higher than in 2020.
Zoom in: The disparity is evident across various U.S. regions. In cities like Kansas City, Indianapolis, Chicago, and Philadelphia, mid-market rents rose between 3% and 6% in December year-over-year, outpacing the growth in luxury segments.
Rising burden for renters: The share of American renters spending at least 30% of their income on rent has shot up over the past two decades and accounts for half of the renter population. Renters like Tamika Doolin near Kansas City have seen 5%+ rent increases each year. In cities like Providence, rents are up 6% YoY, making it increasingly difficult for renters to find affordable housing.
➥ THE TAKEAWAY
Tale of two renters: The surplus of new housing in the U.S. market has led to rent cuts at the top end, giving luxury renters something to smile about. Meanwhile, middle- and lower-tier apartments enjoyed rent growth.
The rising costs of leasing middle- and lower-tier apartments, projected to grow 2% nationally this year, impact the majority of U.S. renters. This growing disparity underscores the need for more affordable housing options.
