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12/01/2005 Brooklyn Economic Development Corporation (BEDC) has created a new website for Nostrand Avenue, a commercial corridor in East Flatbush, which highlights real estate opportunities, provides façade improvement guidelines for retailers and property owners, and promotes products and services available from local merchants. “BEDC created the website www.nostrandave.org as part of the Nostrand Avenue Commercial Revitalization Initiative, which BEDC launched last spring in collaboration with the Nostrand Avenue Merchants Association to help businesses attract shoppers and increase revenues,” said James Sanford, director of Community Development at BEDC and project manager for the Nostrand Avenue Revitalization Initiative. “The website is designed to inform businesses and property owners of the services available to them through BEDC and other organizations, inform residents and employees of the products and services local businesses offer, and provide both groups with updates on beautification efforts.” Sanford said the potential for businesses on Nostrand Avenue to expand and thrive is great because the commercial strip is a half a block from the SUNY Downstate Biotech Park, which is made up of the new Biotechnology Incubator, an ImClone Systems facility, and two proposed bio-tech buildings in a two-block area, and one block from SUNY Downstate Medical Center and Kings County Hospital, which is undergoing a major redevelopment. Together, the facilities employ more than 6,000 people who are potential customers for businesses along Nostrand Avenue. New residential development also is planned for the area where 19,000 residents currently live in an eight-block area and more than 50,000 residents live within a half mile radius. In addition, a new school has opened and active churches are located nearby. The Nostrand Avenue Project Web Site contains the following: Storefront Improvements Funded by the Department of Small Business Services, merchants and property owners can apply for up to $5,000 in matching funds per storefront, which means local businesses can invest $1 for every $3 provided by the City. BEDC is working with local businesses to develop an approved set of enhancements including new see-through security gates, awnings, signage, painting, and other façade improvements. All proposed work must be pre-approved and go through an application process. Business Opportunities on Nostrand Avenue Information for Consumers In addition, the website gives shoppers the opportunity to complete a short survey online about their spending habits on the commercial strip, what services they use, and the types of stores or businesses they would like to see on Nostrand Avenue. The information will be compiled by BEDC and shared with merchants to ensure that they are meeting the needs of local residents and employees. Beautification News More information about the commercial revitalization efforts on Nostrand Avenue is available from Sanford at BEDC, 718- 522-4600 extension 30 or by consulting the website at www.nostrandave.org.
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