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IDA-Assisted Acquisitions Top 200,000 SF

NEW YORK CITY-The city's small-business financing arm approves aid to three outer-borough firms, each of which is in the process of acquiring new facilities.

By Glen Thompson | Updated on July 23, 2002

NEW YORK CITY-The New York City Industrial Development Agency will assist three local manufacturers in the purchase of new facilities, ensuring their continued city presence. The properties, one each in Brooklyn, the Bronx and Long Island City, Queens, have an aggregate total in excess of 200,000 sf. The three manufacturers, Showman Fabricators, Abigal Press and Built-Rite Door Co., will create 70 new jobs.

Showman is a fabricator of scenery for Broadway and Off Broadway productions, network and cable television studios, museums and other spaces and special functions. The firm will consolidate its six locations in a 77,000-sf building at 47-22 Pearson Place in Long Island City with the help of $1.9 million in IDA-approved real estate tax benefits and sales tax exemptions over 25 years.

The company was established in 1986 with only two employees. Today, the firm has 126 employees and will add six more within three years. Showman has served television shows on CNN, CNBC, MSNBC and MTV. Its Broadway customers have included “42nd Street,” “Miss Saigon,” “Contact,” “Blue Man Group,” “The Crucible” and “The Sweet Smell of Success.”

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