Rumble In The Bronx: Food Wholesaler Joins Meal-kit Business

The Bronx remains one of the most important boroughs in the state of New York. It is one of the City’s most distinguished business boroughs and has shown no signs of slowing down. Over the years, the borough has been renowned for being the center of real estate businesses and infrastructure development. A number of private investments including the meal kit business have emerged following the recent economic boom which Bronx residents have witnessed.

Perv Mom – Coming Straight From Bronx!

Bronx Is Booming… With Perverted Mothers

We have noticed a funny trend lately. Bronx became a very big player in terms of bringing perverted moms into the adult series of Perv Mom. The series, where fantasy step mothers are seducing step sons has been getting more and more attention daily so it’s pretty clear that new actresses want to try their luck and earn extra money. Apparently a lot of these fantasy mothers come from Bronx area.

In the recent past, the Bronx has also registered a significant drop in the rate of crime. So it is a much safer place to reside than it was in the past. Today, it is attracting scores of residents from all parts of the city of New York and beyond. Many people are choosing to live in the Bronx to tap into the existing job market and the incentives that come with that. This has made the city even more suitable for a broad spectrum of businesses.

Taking Advantage Of  The Bronx’s Recent Business Boom

Since the Bronx is increasingly becoming conducive for a broad range of businesses, some smart minds have chosen to take advantage of this development. Recently, the Bronx was at the center of a business venture which is primarily based on the supply and distribution of meal kits. The business is now booming as more people become aware of its existence. As it stands, the business is attracting both customers and other investors. A recent news report stated that a renowned Bronx food wholesaler has chosen to venture into the sale of meal kits.

According to many news agencies including the New York Post, Baldor Specialty – a renowned food wholesaler in the city of New York – has joined the many investors to have embraced the meal kit business. The business venture which is valued at $1 billion is attracting interest from many retailers across the Bronx’s ever-expanding business base.

Information released by Baldor Specialty’s spokesperson suggests that the food wholesaler intends to engage multiple food retailers to facilitate the distribution of its meal kits. Sources also suggest that meal kits which had been sold by the retailers the firm is engaging will cost a little more to account for preparation and distribution costs.

Retailers That Have Come On Board

So far, many retailers have already expressed interest in the business venture and are willing to work in partnership with Baldor Specialty. Some of the major names worth mentioning include Jet.com, FreshDirect, Shoprite and Whole Foods.


A Survival Guide For a Businessman in the Bronx

Bronx Zoo

The Bronx Zoo is a zoo located in the Bronx, a borough of New York City, within Bronx Park. It is the largest metropolitan zoo in the United States and among the largest in the world.

The Bronx is one of the New York City’s five boroughs, which are some of the most densely populated counties in the US.  It is home to the Yankee stadium, the Bronx Zoo, the New York Botanical Garden and other famous places and attractions.

At present, the property rates here in the Bronx are less than the rates applicable in other NYC boroughs, which is a huge advantage for a businessman to set up his business in the Bronx. There are various companies which are booming here and offering several jobs to the residents of the Bronx.

The Bronx’s Economy

Third Avenue

Shoppers along Third Avenue in the Hub, a neighborhood that has been called the Times Square of the Bronx.

Earlier the Bronx was considered as one of the major residential boroughs and its economy was over focused on local markets. But now the scenario is changing, not only is the Bronx considered best for residential purposes but is also considered best for commercial utilization. The Borough’s economy mainly depends on private sector jobs. Trade, social services, healthcare, and education represent almost 50% of all private sector employments in the Bronx. As far as the population and employment are concerned, the borough is growing rapidly. After seeing a huge decline till the 1980’s, the borough has added more than 54,600 jobs from 1983 to 2012 and is still adding to it. The employment has increased by 33% and the population has increased by 20%.

The number of organizations in the Bronx also rose by 265 from 1990 to 2011, with the biggest development in the South Bronx. Most organizations in the region are small, but are now expanding their businesses. Most organizations are in the retail sector and real estate sectors.

There are few things which a new businessman should know for the survival of his business and to be prepared for any worst case scenario:

· Don’t just rely on FEMA

Businessmen don’t understand the working of FEMA. They think that FEMA will come and give them a check in case of an emergency or crisis, which is a myth. Mostly help comes as a low-interest loan that entrepreneurs must apply for by demonstrating their misfortunes.

This can be troublesome in the Bronx because people don’t keep records of their business. So make sure that you keep at least three years of tax returns as well as receipts for your hardware and stock.

· Backup your important documents

Don’t just stop with the tax returns and receipts, but also keep a record of other documents and licenses which you used consistently in running your business. Keep the copies online, as well as offsite in fireproof or waterproof boxes.

· Know your insurance policy

If an emergency occurs, your business will face losses, but if you have the right insurance, your losses can be minimized. Review your insurance policy now and ensure you know precisely what it covers. This is particularly valid in the Bronx, where numerous immigrant entrepreneurs may not see how protection strategies function in the U.S.

· Prepare your employees well

In a crisis, your employees are your best asset to help ensure that your entryways recover rapidly. So don’t overlook your staff’s personal needs. The better prepared your workforce is to face a large-scale disaster on their home front, they will be more prepared to pitch in at your company in the time of need.

· Partner with other organizations

Indeed, even if you have good employees to support you, you can still feel alone while going through a disaster. That is the reason you need to join a business organization in your community which will help you to overcome the disaster.

Use these tips to prepare yourself for any disaster while setting your business in the Bronx.


Incentives Fetched by Businessmen in the Bronx

Bronx High School of Science — Bedford Park, Bronx

Bronx High School of Science — Bedford Park, Bronx

To start a business, every businessman needs money to fund the expenses related to the business.

The Bronx is considered as one of the booming districts of New York City for establishing new businesses as well as expanding them.

Regardless of whether you are considering starting a new business in the Bronx or anywhere else in the New York City, or whether you already have your business located here, you are fit for several incentive programs which will benefit your business in short as well as long terms.

Business incentives are offered at various federal levels and programs which offer tax redemptions as well as other benefits.

These incentive programs are designed in such a way that they promote the borough as well as New York City’s objectives of creating jobs and empowering monetary development and business enhancement.

Different agencies direct these programs and applying for these incentive programs can be a bit complicated.  The city has devoted staff to help you explore these procedures. You can also search for a specific program, match it with your needs and then contact the agency executive to help you in availing that particular program. There are several incentive plans, among them being:

Business Incentive Rate (BIR)

This incentive reduces the components of power bills by 30-35 percent. Organizations are anticipated to expand with time and to maintain their work in New York City. The organization must likewise apply for other city or state advantages that equal or surpass the estimation of the BIR advantage. Those advantages incorporate, yet are not restricted to: Industrial Advancement Agency (IDA) incentives, Excelsior Jobs Program, Energy Cost Savings Program and Industrial and Commercial Abatement program. The incentives can last up to five years.

Capital Access Loan Guaranty Program

This program provides up to a 50 % guarantee on loans for all micro and small businesses that are trying to establish their firms in the Bronx or other parts of New York City and are facing difficulties in accessing loans. Loans can be used as a working capital, for purchasing equipment as well as for improving leases.

Commercial Expansion Program (CEP)

The program allows a lease reduction of up to $2.50 per square foot for new, expansion and renewal of leases. Business organizations, as well as not-for-profit associations, are eligible to get these benefits for up to 5 years; manufacturers are eligible to avail this benefit for up to 10 years. It is applicable for businesses located in the Bronx, Brooklyn, Staten Islands and some of the other parts of New York City.

Economic Development Fund (EDF)

EDF is mainly for the not-for-profits, industrial as well as commercial business which is into the expansion, construction and rehabilitation of facilities; working capital; procurement of apparatus and hardware; and the preparation of full-time permanent workers.

Energy Cost Savings Program (ECSP)

It provides reduction for energy costs for your business that (a) move to, (b) make changes to the property in, or (c) rent space in already improved buildings in the Bronx, Manhattan above 96th Street or in Brooklyn, Queens, or Staten Island. ECSP can reduce the expenses of the delivery part of electricity charges by 45% as well as the delivery component of petroleum gas charges by 35%. Benefits can last for 8 years, followed by a 4-year phase out.