Latest news with #EconomicDevelopmentCorporation
Time of India
4 days ago
- Business
- Time of India
Two professors each from Goa colleges to get EDC training to mentor entrepreneurs
Panaji: To address the absence of entrepreneurship training in the formal education system, the Economic Development Corporation (EDC) Ltd has announced a new initiative to train two faculty members from each college across Goa in entrepreneurial skills. Tired of too many ads? go ad free now The aim is to equip professors with the knowledge required to mentor and guide students in setting up their own ventures, said EDC managing director B S Pai Angle. The corporation, Angle said, is actively working to promote entrepreneurship among college students by embedding it into the academic structure. 'We are constantly looking at what the industry needs, and we realised that the industry needs entrepreneurship training,' he said. Angle said most colleges currently focus only on job-oriented skills, while training on how to become an entrepreneur is minimal. To bridge this gap, the EDC launched a series of structured training programmes. 'We began by holding one-day awareness sessions in colleges. Students who showed interest were invited to attend a more intensive three-day programme on entrepreneurship,' Angle said. He was speaking during an online programme to create awareness about the EDC's schemes and services under the Swayampurna Goa initiative. Currently, the EDC's three-day skill-building modules help develop key entrepreneurial traits such as risk-taking and initiative. Students are also guided through the basics of skills such as product identification, marketing, finance, legal procedures, and other operational aspects of starting a business. 'We now want to take this further,' Angle said. 'Instead of waiting for students to graduate and then approach us for support, we are embedding entrepreneurship training at the college level.'
Time Out
11-06-2025
- Business
- Time Out
The Bronx's floating jail is finally getting the boot—here's what's taking its place
The infamous 'floating jail' moored off Hunts Point is finally being sent downriver. The Vernon C. Bain Correctional Center, known to many simply as 'The Barge,' will be removed from the Bronx waterfront, clearing the way for a major new infrastructure project: the Hunts Point Marine Terminal. Mayor Eric Adams announced the plans on Monday at a press conference near the site, calling the project part of his administration's broader 'Blue Highways' initiative. The initiative aims to shift freight delivery away from diesel-guzzling trucks and toward marine and electric transport, using the city's waterways to cut emissions and ease street congestion. 'This is lowering emissions, bringing jobs and creating a vibrant community here in the Bronx by boosting economic output,' Adams said, standing near a rendering of the future terminal. The floating jail, opened in 1992 as a stopgap for Rikers Island overcrowding, was only meant to be temporary. Instead, it operated for more than 30 years, housing up to 800 detainees at its peak. The barge was decommissioned in 2023, but it remained docked until now. Its removal marks a milestone in the city's long-term decarceration efforts and in the transformation of South Bronx infrastructure. According to the city's Economic Development Corporation, the new terminal will generate roughly 400 construction jobs, 100 permanent jobs and $3.9 billion in economic impact over the next 30 years. It's expected to remove 9,000 truck trips from city streets each month, particularly from communities like the South Bronx, which have long borne the brunt of traffic-related pollution. 'The vision to transform the decommissioned Vernon C. Bain Center into the Hunts Point Marine Terminal will usher in a new era for this site that will result in not only a new 'Blue Highways' facility, but bring waterfront access, greenway improvements, and much-needed good-paying jobs for the Hunts Point community,' said NYCEDC president and CEO Andrew Kimball. The marine terminal is currently entering the design and planning phase. NYCEDC will also begin environmental remediation of the land, which is expected to be finished by 2027. The terminal will serve as a key node in the city's growing Blue Highways network, including the Brooklyn Marine Terminal and other proposed waterfront logistics hubs. For Hunts Point, the change signals a long-overdue shift—from isolation and incarceration to jobs, investment and cleaner air.
United News of India
27-05-2025
- Business
- United News of India
Organise a camp for the Gabit community in Konkan: Maha Minister Save
Mumbai, May 27 (UNI) A special camp should be organised to provide the benefits of schemes like loan provision, interest refund and skill development training to maximum members of the Gabit community in Konkan, Maharashtra's Other Backward Bahujan Welfare Minister Atul Save said on Tuesday. A meeting was held in the Mantralaya (secretariat) during the day under the chairmanship of Minister Save regarding the establishment of an Economic Development Corporation for the Gabit community. The community has been pressing for the setting up of the corporation for itd overall economic upliftment. Save said the government will make positive efforts in this regard. Fisheries Minister Nitesh Rane, MLA Nilesh Rane, Principal Secretary of the Other Backward Bahujan Welfare Department Vinita Ved Singal, as well as representatives of the Gabit Samaj Sanghatana were present in this meeting. The Gabit community mainly resides in Sindhudurg, Ratnagiri districts of Konkan as well as in Mumbai. Minister Rane said the Gabit community is traditionally dependent on fishing and related businesses. With the changing times and modernisation, their traditional businesses are facing many challenges. It is necessary to establish the independent corporation for the social and economic benefit of the community. He said the corporation would bring the Gabit community into modern businesses, providing them with training and financial assistance. UNI VKB SSP
New York Post
14-05-2025
- Business
- New York Post
A neglected area of Staten Island will get a fresh batch of new eco-friendly housing
Staten Island's North Shore is set to host New York City's largest mass timber residential development. Mayor Eric Adams and the city's Economic Development Corporation announced their chosen developers for the mixed-income housing project on Monday. Artimus and Phoenix Realty Group will head the massive development on two vacant sites along the North Shore's Stapleton waterfront. 'With today's announcement, we are checking another key box of our North Shore checklist,' Adams said. 'We are not only building the affordable homes New Yorkers need but using sustainable materials to reduce our carbon footprint and help turn New York City's waterways into the 'Harbor of the Future.'' 5 A rendering of one of the mass timber residences. GF55 Architects 5 Developers Artimus and Phoenix Realty Group were tapped by the city to take on the 500-unit job. GF55 Architects 5 An aerial view of the proposed development at the New Stapleton Waterfront. GF55 Architects One quarter of the 500 units will be designated as affordable, or available to households earning between 40 to 80% of the area median income. This carve-out makes the project 'one of the largest mass timber residential projects with affordable housing in the entire country,' according to the city's announcement. Mass timber, according to the city, will reduce the project's carbon footprint and speed up construction time. The engineered wood, made by bonding smaller wood pieces together, is considered a sustainable alternative to other construction materials. In addition to coming from a renewable source, the mass timber also weighs less than steel or concrete. The project is a piece of the mayor's 2023 pledge to invest $400 million into the borough's neglected North Shore. In addition to monetary investment, the four-year roadmap for the 'Staten Island North Shore Action Plan: Building a Vibrant, Mixed-Use Waterfront Community,' sets out to build 2,400 homes, more than 20 acres of public space, more than 7,500 jobs and $3.8 billion in economic impact over 30 years. 5 A sign at Stapleton waterfront park. stefano giovannini 5 Adams at Stapleton Houses in Staten Island in 2021. white The New Stapleton Waterfront, in particular, is turning a former US naval base into a 38-acre mixed-use neighborhood. The city's Economic Development Corporation broke ground on the next 6 acres of open space and esplanades at the waterfront in September, including the demolition of the old naval buildings. 'For too long, Staten Island's waterfront sat undeveloped and underutilized,' said State Assemblymember Charles D. Fall. 'This project marks a new chapter — one that brings much-needed housing, creates local jobs, and embraces sustainable building to ensure the North Shore becomes a place that serves our community for generations to come.' The development is the first publicly awarded project to use mass timber at scale in the Northeast United States, according to the city. The use of mass timber plays into another one of Adams' plans. The mayor's 'Green Economy Action Plan,' sets out to, among other things, provide New Yorkers with nearly 400,000 projected 'green-collar' jobs by 2040. Construction is expected to start in 2027.
Yahoo
19-04-2025
- Business
- Yahoo
More on proposed housing study
GREENSBURG – 'We want to take a proactive approach,' Economic Development Corporation of Greensburg/Decatur County Director Bryan Robbins recently said regarding an upcoming housing study that's schedule to get underway in May and be completed by September, 'to try to to attract more builders, more developers, to add to the market and hopefully bring more people to our community.' The local EDC is partnering with the Greensburg City Council, Decatur County Commissioners, Greensburg Mayor's Office, Greensburg Redevelopment Commission and Decatur County Redevelopment Commission on a $40,000 housing study. The study will cover Greensburg and Decatur County and is being conducted by Thomas P. Miller and Associates, an Indianapolis-based consulting firm. A local housing study was conducted in 2019, according to Robbins, but it only covered Greensburg, not all of Decatur County. Robbins said he is not aware of any housing studies conducted in Greensburg or Decatur County prior to 2019, adding that it's possible there were prior studies but 'if there was one, I couldn't find it and [the EDC] was not part of it.' Robbins elaborated on the need to conduct a countywide study, noting that the 2008 recession impacted the housing market nationwide and 'when it did rebound, we found that the assumption was there were more opportunities around larger metro areas.' Robbins noted that Decatur County wasn't getting the population growth it could, 'not because we were lacking jobs – we have plenty of jobs here – we just didn't have the places for people to live,' or the capacity to build and meet the demand due to a lack of developers. 'It's not just Greensburg or Decatur County,' Robbins emphasized, 'it's across the Midwest, particularly rural areas, that are focusing on housing. The last 10 years or so, we've had jobs available, our unemployment rate has been significantly low, historically, because we didn't have the labor force to meet existing needs. We were trying to drill down why that is' and ultimately determining that one issue is housing. While a study was conducted in 2019, Robbins described that effort as 'meager,' explaining, 'we kind of got what we paid for,' as it had a smaller budget than the $40,000 allotted for the upcoming study. 'We wanted a more robust study,' this time, Robbins said. The EDC selected Thomas P. Miller and Associates after contacting multiple firms, explaining what the budget was and what they wanted from this study. The objective of the study is to assess the current housing mix and the affordability in Decatur County, then explore population and housing trends at the local, state and regional level to determine demand, existing needs, and how to meet them. The study will review how fast homes sell, what price they're sold at, and other housing-related data such as age trends and whether Decatur County's average age is trending older or younger. Once the study is complete, Robbins explained, that gives the EDC data to use when working with developers, managing goals and meeting the community's needs. This study is timely, according to Robbins, because 'we're doing this at the same time' Greensburg is working on its comprehensive plan. 'If there is a need for housing, we want to make sure we can incorporate that, in some way, into the comprehensive plan,' he said. The study's methodology will go beyond looking at data and statistics; focus groups will be assembled comprised of Realtors, builders and others who have observations about the housing market. Robbins also shared that surveys involving the general public may also be conducted as part of the study. 'I want to ask that people participate in those surveys,' he said. 'Keep an eye out for those' on the EDC, City of Greensburg or Decatur County social media platforms. Surveys of the public will most likely be conducted online, but Robbins said they will try to have hard copies available, too. 'We encourage people to take part in those and give us feedback. We hope it's going to be a strong report, one we can use for the next four to five years,' he concluded.
