[Congressional Record Volume 143, Number 143 (Wednesday, October 22, 1997)]
[Extensions of Remarks]
[Page E2046]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




           TRIBUTE TO THE HUNTS POINT LOCAL DEVELOPMENT CORP.

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                          HON. JOSE E. SERRANO

                              of new york

                    in the house of representatives

                      Wednesday, October 22, 1997

  Mr. SERRANO. Mr. Speaker, I rise today to pay tribute to the Hunts 
Point Local Development Corp. for 10 years of success working for the 
economic revitalization of the Hunts Point community in the South 
Bronx.
  Today, the Hunts Point Local Development Corp. [HPLDC] celebrates its 
10th anniversary with a 10th annual tent party at the Hunts Point 
Cooperative Market in my South Bronx congressional district.
  HPLDC was established in 1988 as a non-profit community-based 
organization to act as an engine for economic development in Hunts 
Point.
  During the past 10 years, HPLDC has been instrumental in providing 
the services that corporations and residents need to succeed in 
commerce. Its wide range of programs and services to the community 
include: a bilingual entrepreneurial development program, industrial 
park business advocacy, computer literacy training, Internet training, 
and commercial revitalization. Through its Business Outreach Center, 
HPLDC provides counseling, seminars, workshops, and management 
technical assistance to small business and entrepreneurs.
  Today, the dynamic Hunts Point community encompasses 600 businesses 
and 19,000 employees, and is the largest distribution center in the 
Northeast. To HPLDC's credit, the corporation has provided assistance 
to more than 500 entrepreneurs and businesses and has helped secure 
over 4 million dollars in small business loans.
  Among other important achievements, HPLDC was chosen to serve as the 
administrator for the Hunts Point economic development zone. It also 
lobbied for inclusion of the Hunts Point community in the New York City 
Federal Empowerment Zone for the South Bronx.
  HPLDC received an excellence award from the U.S. Small Business 
Administration for small business development. Most recently, it has 
launched efforts to help rebuild the New York City 41st Police precinct 
and to establish a new U.S. Postal Office in Hunts Point.
  Mr. Speaker, I ask my colleagues to join me in recognizing the Hunts 
Point Local Development Corp. for a decade of achievements spurring 
economic development in Hunts Point, and in wishing them continued 
success.

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