Southwest Brooklyn Industrial Development Corporation
Southwest Brooklyn Industrial Development Corporation
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About this organization
Mission
Southwest Brooklyn Industrial Development Corporation (SBIDC) provides advocacy and services to help businesses in the Sunset Park, Red Hook and Gowanus neighborhoods grow and create employment opportunities for local residents.
About
As we have since 1978, SBIDC worked tirelessly to ensure that the industrial core of Southwest Brooklyn remains strong, and that it remains as a center for opportunity for workers throughout the area. Our unique combination of direct business services, workforce development, entrepreneurship training, community planning and revitalization, and advocacy helped businesses throughout Southwest Brooklyn thrive in a market, and a city, that can be challenging for manufacturers and other industrial businesses.In calendar year 2018 alone, some examples of our impact included: Placed 258 individuals in quality, industrial jobs with 67 Southwest Brooklyn employersHelp 121 businesses solve complex issues Secure $772,893 of essential tax incentives to help businesses meet their bottom-lineTrain 19 business owners as they plan their next phase of growth and investmentHost 13 development workshops and networking events on a range of timely topics With our partners throughout the city, we also helped secure big wins for our Industrial Business Zone (IBZ):Limits on the development of self-storage facilities and hotels The launch of the Gowanus IBZ Vision plan with City and community stakeholders, leading to needed investments, more industrial workspace and jobs for residentsRecommendations for real and meaningful zoning protections for our core industrial areasDuring our 40th Anniversary year, SBIDC has jumpstarted several new initiatives aimed at making the organization both more financially stable and entrepreneurial. These include: Business ServicesIncreasing membership numbers, services and activity which helps us reach more businesses and create programs to increase resiliency and growth Relaunching our Real Estate program, offering businesses and policy makers updated information on the state of commerce and employment within SBIDCs catchment area and the Southwest Brooklyn IBZ Developing and managing industrial spaceWorkforce Services: New programs aimed at anticipating changes in the field and in philanthropic giving: these include training programs in 21st Century Industrial Skills, Career Pathway Services and support in launching the Citys ApprenticeNYC industrial training program.
Interesting data from their 2020 990 filing
The mission of the non-profit, as stated in the filing, is “Southwest brooklyn industrial development corporation (sbidc) provides advocacy and services to help businesses in the sunset park, red hook and gowanus neighborhoods grow and create employment opportunities for local residents.”.
When referring to its tasks, they were described as: “Southwest brooklyn industrial development corporation (sbidc) provides advocacy and services to help businesses in the sunset park, red hook and gowanus neighborhoods grow and create employment opportunities for local residents.”.
- The non-profit is operating legally in the state of NY.
- The non-profit's address for the year 2020 is listed as 241 41st Street, Brooklyn, NY, 11232 in the filing.
- The form submitted by the non-profit organization for 2020 reports 13 employees.
- Does not operate a hospital.
- Does not operate a school.
- Does not collect art.
- Does not provide credit counseling.
- Does not have foreign activities.
- Is not a donor-advised fund.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $134,461.
- The CEO compensation package within the organization is established through a review and approval process by an independent body.
- The organization has a written policy that describes how long it will retain documents.
- The organization has 18 independent voting members.
- The organization was formed in 1978.
- The organization has a written policy that addresses conflicts of interest.
- The organization is required to file Schedule B.
- The organization is required to file Schedule O.
- The organization pays $770,828 in salary, compensation, and benefits to its employees.
- The organization pays $59,745 in fundraising expenses.
- The organization provides Form 990 to its governing body.
- The organization has minutes of its meetings.
- The organization has a written whistleblower policy.
- The organization has fundraising events.
- The organization's financial statements were reviewed by an accountant.